West Side National Bank (Chicago, IL)

Episode Information

Episode Type
Run Only
Start Date
April 11, 1923
Location
Chicago, Illinois (41.850, -87.650)
Bank Type
national
Charter Number
11009
Alt. names
West Side Atlas National Bank

Metadata

Response Measures

Other: Bank officials called for police protection to deter/handle the crowd of depositors.

Receivership Details

Depositor recovery rate
66.4%
Date receivership started
1931-10-16
Date receivership terminated
1939-10-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
11.2%
Share of assets assessed as doubtful
67.5%
Share of assets assessed as worthless
21.3%

Events (3)

1. June 8, 1917 Chartered
Source
historical_nic
2. April 11, 1923 Run
Cause Details
Crowd of depositors gathered and threatened a run; no motive or specific trigger stated.
Measures
Called for police protection
Newspaper Excerpt
Officials of the West Side National Bank called for the police when a crowd of depositors threatened a run on the institution.
Source
newspapers
3. October 16, 1931 Receivership
Source
historical_nic

Newspaper Articles (10)

Article from The Daily Progress, April 11, 1923

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Article Text

RUN ON BANK THREATENED

Chicago, April 11.—Officials of the West Side National Bank called for the police when a crowd of depositors threatened a run on the institution.

The institution has deposits of nearly two million dollars.


Article from Jackson Citizen Patriot, April 11, 1923

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Article Text

CALL POLICE WHEN BANK RUN THREATENS

Chicago, April 11.—Officials of the West Side National Bank today called for police protection when a crowd of depositors gathered and threatened a run on the bank, according to the police. The institution has deposits of nearly $2,000,000.


Article from Evening Capital, April 11, 1923

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Article Text

lice Prevent "Run" On Bank (By The Associated Press.) HICAGO, ILL., Apr. 11.-Officials the West Side National Bank tocalled for police protection when 20wd of depositors gathered and eatened a run on the bank.


Article from Abilene Daily Reflector, April 11, 1923

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Article Text

Chicago Bank Calls Police to Protect It

[Associated Press] Chicago, April 11.—Officials of the West Side National bank today called for police protection when a crowd of depositors gathered and threatened a run on the institution. It has deposits of nearly $2,000,000.


Article from The Selma Times-Journal, April 11, 1923

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Article Text

RUN ON CHICAGO BANK

CHICAGO, April 11.—Officials of the West Side National Bank today called for police protection when a crowd of depositors gathered and threatened a run on the institution, according to the police. The institution has deposits of nearly $2,000,000.


Article from The Daily Advance, April 11, 1923

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Article Text

THREATEN RUN ON BIG CHICAGO BANK

Chicago, April 11.—Officials of the Westside National Bank today called for the police when a crowd of depositors threatened a run on the institution, which has deposits of nearly $2,000,000.


Article from New Britain Herald, April 11, 1923

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Article Text

RUN ON CHICAGO BANK.

Chicago, April 11.—Officials of the West Side National bank today called for police protection when a crowd of depositors gathered. The bank has deposits of nearly $2,000,000.


Article from The Lewiston Daily Sun, April 12, 1923

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Article Text

POLICE CALLED WHEN RUN ON CHICAGO BANK STARTS

Chicago, Apr. 11.—Officials of the West Side National bank today called for police protection when a crowd of depositors gathered. The bank has deposits of nearly $2,000,000.


Article from The Dunsmuir News, April 20, 1923

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Article Text

Run on Bank

Chicago.—Officials of the West Side National bank called for police protection when a crowd of depositors gathered and threatened a run on the institution. The institution has deposits of nearly $2,000,000.


Article from Mendocino Coast Beacon, April 21, 1923

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Article Text

Run on Bank

Chicago.—Officials of the West Side National bank called for police protection when a crowd of depositors gathered and threatened a run on the institution. The institution has deposits of nearly $2,000,000.