2-0029FOUR CHICAGO BANKS, LARGE, CLOSED
June loop with deposits of was closed today by State Auditor Oscar Nelson request its board directors This the change Loop banks although neigh boring Michigan vard. the Peoples Trust and Savings closed for liquidaasked its to for their money The Chicago Bank of Commerce had capital and $750,000 closed today were the Others Northbrook Bank situated with the South Ashland Na deposits with deposits the First National Bank North Shore with
June Bank of bank with of closed today the request of board of was the first in loop banks in on Michigan the Peoples Trust and Savings voluntarily closed for liquidation recently and asked depositors to come for money The Chicago Bank of had capital and surplus were State bank northside with the South tional with and the First of These brought 40 the number of suspensions since June
CHICAGO, June 25. Chicago Bank of Commerce, loop bank with deposits of $5,200,000, was closed today by State Auditor Oscar Nelson the request of its board of directors. This was the first change in loop banks year, neighboring institution Michigan boulevard, the Peoples Trust and Savings bank, closed for liquidation recently and asked its depositors to come for their money. The Chicago Bank or Commerce had $1,500,000 capital and $750,000 surplus. Others closed today were the Northbrook State bank, situated north side suburb, with $143,000 posits; the south Ashland National bank, with $110,000 deposits and the First National bank Wilmette, north shore suburb, with $800,000 posits.