Straus National Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 13216
Charter Number: 13216
Start Date: January 1, 1931*
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: c784356b4f9185ba

Response Measures

None

Description

Article (Chicago Tribune, 1932-03-20) refers to property/loan matters being in the hands of the Straus National receiver, indicating the bank had been placed in receivership. The clipping does not describe a depositor run or a temporary suspension/reopening; it indicates the bank was in receivership (permanent closure). OCR errors in the excerpt (e.g., fragmented sentences) were present; I corrected interpretation to read 'handed to the Straus National receiver.' The receiver reference suggests closure rather than a mere temporary suspension. No explicit date of receivership given; the article says 'about a year ago' for when the building was handed to the receiver, so I estimate 1931 but keep date with month/day unknown.

Events (2)

1. June 20, 1928 Chartered

Source: historical_nic

2. January 1, 1931* Receivership

Newspaper Excerpt: about year ago that the building hands the Straus National receiver
Source: newspapers

Newspaper Articles (1)

1. March 20, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, March 20, 1932

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Article Text

REAL ESTATE BOND SERVICE Inquiries must be by stamped, self-addressed envelope for personal reply. Answers are based on information from outside sources beyond care in securing it, The Tribune assumes responsibility. Inquiries should be addressed to the Real Estate Bond Service, should not be asked for than one issue time. Give the name of the underwriter and the bond. Milwaukee Warehouse Company, Milwaukee, Wis. have cent bond of the Milwaukee underwritten by H. Ottman Co., Chicago. Interest June, 1930, bondholders H. Ottman, Lawrence W. Moore, and Francis Smith was appointed. bond was deposited the Trust bank 1930, from since. I'll appreciate tion. Max Goldberg, secretary of the member firm Goldberg, sends the infirst total $478, land 256 feet the Milwaukee river, with 450 feet of on Park street and 127 feet on South prise six and seven story fireproof also five house. built in 1925 and good condition: the other siderably older and needs The of occupancy Feb. 29, 1932, was estimated as per cent. The gross receipts the Milwaukee bank, receiver, from Jan. 1931. to Dec. 31, $32,614. The operating expenses $23,629. Foreclosure in December, 1930, and of the will at Milwaukee, on March 92 per cent of the have hand of Dec. 31, 1931, was $8,975. A plan being for. mulated which for the issuance of of est trust which will acquire the property at the sale provided the bondholders' committee is In order to pay all foreclosure penses, fees, etc., pected will be whole or part the vacant dock property on the river and mortgage exceeding the property also be used taxes Unpaid taxes The has extended time for deposit of not doing fore the sale of the properties. Malden Kindly favor me with information the Malden apartments 4515-17 Malden Chicago. bonds are dated Oct. 10, were bought through Leight, Holser My bonds matured Oct. 1930. No interest was paid since 10. 1929. About year ago that the building hands the Straus National receiver but have unable any later information. We are informed that the building was and expenses from Jan. 1931, to the year show gross of $11,710. The $409 $1,397. The included expenses and for have fees. started. The Straus Bank and The This has been $85,000. No for