Northwestern National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 508
Charter Number: 508
Start Date: April 21, 1892
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: c59d3d81a3aa60d1

Response Measures

None

Description

Article (Apr 21, 1892) reports a court order ratifying a receiver's contract for Northwestern National Bank of Chicago. No mention of a depositor run or temporary suspension; a receiver is in place, indicating the bank was closed and in receivership. Classified as suspension leading to closure/receivership.

Events (3)

1. August 30, 1864 Chartered

Source: historical_nic

2. April 21, 1892 Receivership

Newspaper Excerpt: Northwestern National Bank of Chicago vs. R. G. Peters Salt and Lumber company et al., order ratifying receiver's contract with the Michigan Land and Lumber company, limited.
Source: newspapers

3. September 15, 1900 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. April 21, 1892 Grand Rapids Herald Grand Rapids, MI

Article from Grand Rapids Herald, April 21, 1892

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Article Text

LAWS AND LAWYERS. I United States Court. JUDGE SEVERENS. James A. Edwards vs. William Steele, assumpsit; trial by court and cause taken under advisement. Heaton Peninsular Button Fastener company vs. The Tradesman Publishing company et al., order granting defendants ten days' stay of proceedings in which to move for a new trial. Northwestern National Bank of Chicago vs. R. G. Peters Salt and Lumber company et al., order ratifying receiver's contract with the Michigan Land and Lumber company, limited.