University State Bank - Champaign, IL

Episode Information

Episode UID: 70488291629
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7048829 hash
Start Date: September 18, 1935
Location: Champaign, Illinois (40.116, -88.243)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: dc9bfdd804417049

Response Measures

None

Description

Article identifies a court action by the bank's receiver, indicating the bank is in receivership.

Events (1)

1. September 18, 1935 Receivership

Newspaper Excerpt: The suit was filed yesterday by William L. O'Connell, receiver of the University State bank of Champaign.
Source: newspapers

Newspaper Articles (1)

1. September 18, 1935 The Daily Illini Urbana, IL

Article Text

Asks $2,775, Attorney Fees; Overdue Note Causes Suit Action by Bank Receiver A judgment of $2,775, including an attorney fee of $225, was issued against Victor L. Krannert, formerly of the Twin Cities, in circuit court yesterday by Judge John H. Armstrong. The suit was filed yesterday by William L. O'Connell, receiver of the University State bank of Champaign. An overdue note was the cause of the action. Judge Armstrong set September 30 as the date for 12 common law trials yesterday. The law suit of the Chamberlin Metal Weather Strip company vs. R. C. English and the United States Fidelity and Guaranty company of Baltimore was settled out of court. Costs were paid and the complaint dismissed by the plaintiff. The $1,000 bond of Walter H. Savage, receiver in the foreclosure case of the Loan and Investment association of Champaign vs. William Townsend and others was approved by the court.