State Bank (Palatine, IL)

Article Text

State Institution Closed for Examination and AdFri., July 7th justment

The office of State Auditor Bartook active charge the affairs the State Bank and justment. While the step taken that office customary toward proceedhope ultimate reopening institution expressed its officers directors. Officials institution could have worked harder the requirements the state department, since general moratorium. Stockholdbanking depositors have cooperated deposit waivers which signing from fifty to one hundranged Public taxing bodies per cent. have also passed the ends. People with same surplus funds have offered cash to the bank reopen. We help derstand that there over $25,000 trust collected for that purpose. the present time. no definite statement made. the bank closed. money in trust be likewise cancelled. Palatine needs bank and every citizen man hopes that the bank can reopened at this date. There chance means that efforts must be put forth, they to succeed.

Article Text

State Institution Closed for Examination and Adjustment Fri., July

The office of State Auditor Bartook over active charge the affairs the State Bank of PalaJuly examination and While the taken that office customary start receivership proceedings, hope for ultimate reopening institution expressed officers and could have worked harder meet the the state banksince have cooperated and been the waivers which signing deposit hundranged Public taxing bodies also passed ward ends. People with surplus funds offered help the bank to reopen. derstand that there $25,000 trust collected for that At present time, no definite statement made. the can bank definitely closed, money trust be returned and will likewise cancelled. Palatine needs bank and every citizen business man hopes that bank can reopened date. There still chance that additionmeans efforts be put forth, they succeed.

Article Text

State Closed for and Adjustment Fri., July 7th

The office of State Auditor Bartook charge the the State Bank Palaand the step taken that office proceedhope for ultimate reopening still expressed officers and Officials of have to meet the the state bankdepartment, since the Stockholdcooperated and have been generous the which from hundtaxing bodies the ends. People funds offered the bank We help reopen. trust collected for that purpose. At the present definite made. the bank closed. money the be and waivPalatine needs bank and every citizen man hopes that the bank can be date. There but means that efforts must be put forth, if they to succeed.

Article Text

State Closed for and Adjustment Fri., July 7th

The office of State Auditor Bartook active charge the affairs of the State Bank Palatine July and justment. While the step taken that office customary start toward receivership proceedhope ultimate reopening institution expressed its officers directors. Officials banking could worked harder meet the requirements the state bankdepartment, since general banking moratorium. Stockholddepositors have cooperated and have been the generous deposit waivers which signing fifty to hundranged Public taxing bodies per cent. have also passed resolutions toward the ends. People with same surplus funds have offered cash bank to We reopen. derstand that there over $25,000 in trust collected that purpose. At present time, no definite statement made. the bank closed. money trust be will be cancelled. Palatine needs bank every citizen and business man hopes that bank can reopened this late date. There chance means efforts must put forth, they to succeed. are

Article Text

Court Approves Of By RFC To Palatine Bank

A loan $100,000 to the State Bank of Palatine was proved by the court Friday officials of the bank receiver's office send dividend checks out depositors within 30 days. The RFC has already approved the loan, and other formalities necessary getting the cash should be com. pleted soon. The bank will actually $60,000 as former from the RFC to the State Bank Palatine must be payed. Preferred claims and costs back the but the mainder of the will deposited among the bank's positors.

Article Text

Court Approves Loan Of $100,000 By RFC To Palatine Bank

RFC loan of $100,000 to the State Bank of Palatine proved by the court Friday officials of the bank recemers office hope to send divide checks to depositors withdays ready approved the loan, and other formalities necessary to getting the cash should be completed soon The bank will actually get onis $60,000 as former $40 001 from the RIC to the State Bank of Palatine must be 1epayed Preferred claims and administration costs will hold but part of the $60 but the mainder of the money will be

Article Text

Court Approves Loan Of $100,000 RFC By To Palatine Bank

A RFC loan of $100,000 to the State Bank of Palatine was proved the court Friday officials of the bank receiver's hope to send dividend checks within 60 days. The RFC has ready approved the loan, and other formalities to getting the cash should be completed soon. The bank will actually $60,000 as former $40,000 loan from the RFC to the State Bank Palatine must payed. Preferred claims and ministration costs hold back part of the $60,000 but mainder of the money will be deposited among the bank's de-

Article Text

Palatine State Bank Dividend Will Be Soon

Depositors in the State Bank of Palatine may expect dividend fore the end the officials consolidated bank receiver's office Plaines stated Tuesday. definite announcement just what percentage will and when the payment made expected next Final legal details between the RFC and the bank being completed this dividend about 30 cent, but the per exact figure cannot be fixed until negotiations completed. Then remaining one step the and sending out dividend checks.

Article Text

Palatine State Bank Dividend Will Be Soon

Depositors in the State Bank of Palatine may expect a dividend before the end of the month, officials at the consolidated bank receiver's office in Des Plaines stated Tuesday. A definite announcement as to just what percentage will be paid out and when the payment will be made is expected next week.

Final legal details between the RFC and the bank are being completed this week. The dividend will be about 30 per cent, but the exact figure cannot be fixed until all negotiations are completed. Then the one remaining step will be the preparation and sending out of dividend checks.

Article Text

Receiver Opens Office At Palatine State Bank

A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.

J. T. Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.

Article Text

Receiver Opens Office At Palatine State Bank

A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.

J T Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.

January Piano Sale — Prices $15.00 and up. Maria Schaefer Music Store, Des Plaines. All pianos guaranteed—Your Opportunity.

Article Text

Receiver Opens Office At Palatine State Bank

A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.

J T Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.

Article Text

Receiver Opens Office At Palatine State Bank

A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.

J T Stephens, receiver's representative, will be in charge Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.

Article Text

Receiver Opens Office At Palatine State Bank

A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.

J T Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.