Commercial Savings Bank

Episode Information

Episode UID: 2013071452
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 201307 routing
Routing Number: 2-0130
Start Date: December 28, 1920
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5d343572af1d85f8

Response Measures

None

Description

Officials cite robberies; president reported unlocatable and depositors seeking a receiver.

Events (2)

1. December 28, 1920 Receivership

Newspaper Excerpt: the depositors have taken steps to have the affairs of the bank placed in the hands of a receiver.
Source: newspapers

2. December 28, 1920 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed to reopen after Christmas due to financial embarrassment caused by robberies and holdups over prior two years.
Newspaper Excerpt: The Commercial Savings bank, which failed to reopen its doors after the Christmas holiday, is financially embarrassed ...
Source: newspapers

Newspaper Articles (1)

1. December 28, 1920 The Nenana Daily News Nenana, AK

Article from The Nenana Daily News, December 28, 1920

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Article Text

BANK BLAMES ROBBERIES FOR FINANCIAL CONDITION CHICAGO, Dec. 28-The Commercial Savings bank, which failed to reopen its doors after the Christmas holiday, is financially embarrassed in consequence of robberies and holdups which have occurred during the past two years, according to a statement issued by officials of the crippled institution today. Andrew Dressel, president of the bank, cannot be located today and the depositors have taken steps to have the affairs of the bank placed in the hands of a receiver.