3830. First National Bank (Chicago, IL)

View Charter #8 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8
Charter Number
8
Start Date
January 30, 1878
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
18f7789f39dc00e4

Response Measures

None

Description

Articles (Jan 30-31, 1878) report the Comptroller declaring a dividend in favor of the creditors of the First National Bank of Chicago, indicating the bank was in receivership/closed. No mention of a depositor run; this is a suspension/closure with receiver and dividend distribution.

Events (3)
1. June 22, 1863 Chartered
Source
historical_nic
2. January 30, 1878 Receivership
Newspaper Excerpt
The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., payable as soon as schedules received from receivers are examined.
Source
newspapers
3. May 1, 1882 Chartered
Source
historical_nic

Newspaper Articles (3)
1. January 30, 1878 The Princeton Union Princeton, MN
Article from The Princeton Union, January 30, 1878

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Article Text

Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per cent., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 per cent., making 65 per cent. in all.

2. January 31, 1878 The Worthington Advance Worthington, MN
Article from The Worthington Advance, January 31, 1878

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Article Text

Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per ccnt., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 percent., making 65 per cent. in all. French Protectorate for San Domingo. Late Havana advices give out the rumor that Spain will sign a treaty with San Domingo at the end of this month, assuring a protectorate over that island, causes great excitement in San Domingo and Hayti, and serves to increase the unpopularity of President Bolz. The-rumor is somewhat strengthened by the appointment of New Spanish Consuls at several parts of the Domingan Republic.

3. January 31, 1878 River Falls Journal River Falls, WI
Article from River Falls Journal, January 31, 1878

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Article Text

Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per cent., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 per cent., making 65 per cent. in all.