Melvin State Bank - Melvin, IL

Episode Information

Episode UID: 70186071631
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7018607 routing
Routing Number: 70-1860
Start Date: November 6, 1935
Location: Melvin, Illinois (40.568, -88.248)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 249904bd4ffb44d5

Response Measures

None

Description

The article only discusses the liquidation process and dividends; the specific dates and causes of the initial suspension are not provided.

Events (1)

1. November 6, 1935 Receivership

Newspaper Excerpt: Ralph P. Connell of Paxton, deputy receiver for the Melvin State bank, announced on Wednesday of last week that he was preparing to send out checks of 12 per cent to depositors
Source: newspapers

Newspaper Articles (1)

1. November 14, 1935 Gibson City Courier Gibson City, IL

Article Text

Bank Receiver Announces Melvin Dividends Ralph P. Connell of Paxton, deputy receiver for the Melvin State bank, announced on Wednesday of last week that he was preparing to send out checks of 12 per cent to depositors of the Melvin State bank, which has been in process of liquidation for some time. This money was realized from notes collected and from stockholders' assessment, and is the third dividend. A 30 per cent dividend is also being paid on some claims where the first and second dividends had not been paid.