Sixteenth Street State Bank (Chicago, IL)

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Another Chicago Bank Is Closed For Irregularities

Chicago, March 20. — The second state bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State Bank suspended business. Ten days ago the Logan Square Trust and Savings Bank was closed when Fred W. Popp, its president, was found with a bullet through his head.

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Chicago, March 20. — The second state bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State Bank suspended business. Ten days ago the Logan Square Trust and Savings Bank was closed when Fred W. Popp, its president, was found with a bullet through his head.

Representatives of the bank said a shortage of about $150,000 was anticipated. Some of the officers expressed a belief that depositors would secure at least 80 percent of their deposits. The bank had half a million dollars on deposit when it closed.

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Chicago Bank Closed.

Chicago, March 20.—The second state bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State Bank suspended business.

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Chicago, March 20.—The second state bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State bank suspended business. Ten days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, its president, was found with a bullet through his head.

While bank examiners refused to make any statements from representatives of the Sixteenth Street it was learned that a shortage of about $150,000 was anticipated.

Samuel W. Maltz, former president of the bank, was held in the custody of the state's attorney for the night.

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CHICAGO BANK CLOSES

Second Institution in Two Weeks Shows Irregularities

CHICAGO, March 29.—The second bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State Bank suspended business. Ten days ago the Logan Square Trust and Savings Bank was closed when Fred W. Popp, its president, was found with a bullet through his head.

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SEEK RECEIVER FOR BANK CHICAGO, March 21.-Two suits for the appointment of a receiver for the Sixteenth Street State bank, which was closed yesterday, were filed by depositors today after Samuel W. Maltz, former president of the institution, admitted to assistant state's atterneys that he had used unconventional financial methods in obtaining loans from the bank.

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CHICAGO BANK IS CLOSED

Sixteenth Street State Bank's Accounts Are Irregular.

Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.

While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.

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CHICAGO BANK IS CLOSED Sixteenth Street State Bank's Accounts Are Irregular.

Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.

While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.

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CHICAGO BANK IS CLOSED

Sixteenth Street State Bank's Accounts Are Irregular.

Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.

While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.

Article Text

CHICAGO BANK IS CLOSED Sixteenth Street State Bank's Accounts Are Irregular.

Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.

While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.