Bankers State Bank (Chicago, IL)

Episode Information

Episode UID
2033571625
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
203357 routing
Routing Number
2-0335
Start Date
May 11, 1935
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c4f71725cbb0a415

Response Measures

None

Description

Articles show a receiver was appointed and later imprisoned for shortages, but do not explicitly state the bank's suspension or permanent closure.

Events (2)
1. May 11, 1935 Receivership
Newspaper Excerpt
Hahn's accounts as receiver for the Bankers' State Bank Building here showed a shortage of the amount stated.
Source
newspapers
2. July 16, 1935 Other
Newspaper Excerpt
Walter L. Hahn ... was taken to the state prison at Joliet to begin a one to 10-year term.
Source
newspapers

Newspaper Articles (2)
1. May 12, 1935 Evening Star Washington, DC
Article from Evening Star, May 12, 1935

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Article Text

RECEIVER ACCUSED CHICAGO, May 11 (P).-Walter L Hahn, 40, real estate broker and former Circuit Court receiver, was reported named in a true bill voted by the grand jury charging embezzlement of $6,677. The indictment was expected to be returned next Monday. Assistant State's Attorney Dodd Healy alleged that Hahn's accounts as receiver for the Bankers' State Bank Building here showed a shortage of the amount stated. Healy charged the missing money represented rentals not deposited in the receivership account. Hahn denied the charges and claimed the bookkeeping and depositing was handled by others. Bond was fixed at $5,000.

2. July 16, 1935 The Rock Island Argus Rock Island, IL

Article Text

SIOUX CITY PUTS MAYOR OUT AND CONTINUES QUIZ City Commissioner Takes Office of Man Accused Of Grafting. Sioux City, Iowa, July 16.—(By the Associated Press.)—City Finance Commissioner D. Spence Lewis took over the job of acting mayor here today to replace Mayor W. D. Hayes, who was suspended under a district court order on recommendations from the Woodbury county graft grand jury. The order temporarily removing Hayes was issued by Judge A. O. Wakefield on a petition filed late yesterday by County Attorney Maurice E. Rawlings, charging the mayor was "guilty of willful misconduct and maladministration." The grand jury terminated a third phase Saturday in its inquiry into charges of organized vice and official protection by recommending removal of Mayor Hayes. The jury charged he had failed to act to eliminate "lawlessness" which a 10-week jury inquiry is claimed to have uncovered. The mayor, who earlier said he would resist removal, remained silent on the suspension. Hearing is set for Aug. 17 with H. M. Havner and Ole Naglestad, special grand jury prosecutors, directing the action against Hayes. Two Others Resign. Two other officials here have stepped out of office under pressure and indictments have been returned against 45 persons, ranging from Iowa Attorney General (Continued on Page Fifteen.) BANK RECEIVER IMPRISONED. Chicago, July 16.—(By the Associated Press)—Walter L. Hahn, 41, returned from San Antonio, Texas, for trial on a larceny charge involving an alleged shortage of $6,630 in the funds of the Bankers State bank, for which he as receiver, was taken to the state prison at Joliet to begin a one to 10-year term.