Rensselaer Semi-Weekly Republican, Volume 41, Number 102, Rensselaer, Jasper County, 10 September 1909 — State Bank Examiner Closes State Bank of Grant County. [ARTICLE]

State Bank Examiner Closes State Bank of Grant County.

The state bank of Grant county, the only bank at the town of Upland, is in dhe hands of Chas. W. Camp, state bank examiner, who has closed the doors. The bank is said to have loaned a large amount of money to a concern said to have been badly managed. The loans are stated to have been made by a former president. The bank was capitalized for $25,000 and had $52,000 in deposits. The solvency of the bank is not questioned, but the doors were closed pending an adjustment of the affairs.