4178. Albany Park National Bank & Trust Company (Chicago, IL)

View Charter #11737 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
11737
Charter Number
11737
Start Date
January 2, 1931
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
6fa44a70

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected

Receivership Details

Depositor recovery rate
71.9%
Date receivership started
1931-05-19
Date receivership terminated
1940-10-23
OCC cause of failure
Economic conditions
Share of assets assessed as good
35.1%
Share of assets assessed as doubtful
61.6%
Share of assets assessed as worthless
3.3%

Description

Multiple contemporaneous AP articles report an incipient run that was stopped the same day by bank measures (bringing $2,000,000 cash, posting reassuring sign, hiring a jazz band). OCR errors in some snippets corrected (e.g., 'bany' -> Albany; date reported as Jan. 2–3, 1931). No suspension, reopening, or receivership mentioned.

Events (3)
1. May 28, 1920 Chartered
Source
historical_nic
2. January 2, 1931 Run
Cause
Local Banks
Cause Details
A neighboring national bank closed, prompting depositors to gather and a threatened run on the Albany Park bank.
Measures
Posted sign 'You can have your money any time you want it,' brought in $2,000,000 cash from downtown banks, assured patrons the bank was sound, and hired a jazz band to soothe the crowd.
Newspaper Excerpt
brought in $2,000,000 cash from downtown banks, and assured patrons the bank was sound. Then they hired jazz band to play and the crowd made a party of it.
Source
newspapers
3. May 19, 1931 Receivership
Source
historical_nic

Newspaper Articles (10)
1. January 3, 1931 The News and Advance Lynchburg, VA
Article from The News and Advance, January 3, 1931

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Article Text

Jazz Orchestra Checks Incipient Run On Bank Chicago, Jan. 2 (AP)-Jazz notes came to the rescue of today and routed an incipient the Albany Park National Bank on and Trust Company. Mob psychology starts the stop them. When neighboring national bank this the Albany bank officers. wasted no time for threatened run. While preparing depositors were collecting at the door. they up sign "you can have your put money any time you want It." brought in $2,000,000 cash from downtown and assured patrons the bank banks was sound. Then they jazz band to play and the crowd made party of It. SURPRISE! one of the most surprised men in the country. After elections recently he was informed that was elected county surveyor. He hadn't filed for office. but had by complimentary vote of 11 ballots, no other person had filed for the office. South Jan. B. Stemple Hudson, game wardens county be the possible that the closes tomorrow January 3, 1931, minutes after sunset. are few counties the exempt from the regulation closing the at time, these counties are located in the extreme eastern of the state. According to the commission and the there is however, the regulation closing the season this time which prohibit fox hunting, night with dogs, wild water fowl, huntnor owners, their children tenants from hunting rabbits and squirrels on their premises, or rabbits killed when doing fruit trees the laws and regulations in regard thereto. D. C. Holds Meeting The Halifax County chapter of the United Daughters of the Confederacy held its meeting yesterday afternoon at the home of Mrs. Hodges on Halifax road. The recent resignation of Mrs. A. L. Micou as president, necessi-

2. January 3, 1931 The Houston Chronicle Houston, TX
Article from The Houston Chronicle, January 3, 1931

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Article Text

JAZZ BAND STOPS THREATENED RUN ON CHICAGO BANK By Associated Press. Chicago, Jan. 3.-Jazz notes came to the rescue of bank notes Friday and successfully routed an incipient run on the Albany Park National Bank and Trust Company. Mob psychology starts runs, the bankers figured, so psychology ought to stop them. When neighboring national bank closed yesterday. the Albany bank officers wasted no time preparing for a threatened run. While depositors were collecting at the door, they put up sign: "You can have your money any time you want it," brought in $2,000,000 cash from downtown banks, and assured patrons the bank was sound. Then they hired jazz band to play and the crowd made a party of it.

3. January 3, 1931 Hartford Courant Hartford, CT
Article from Hartford Courant, January 3, 1931

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Article Text

Jazz Band Helps Stop Threatened Run On Bank in Chicago Chicago. Jan. notes came to rescue of bank notes today and successfully routed an incipient the Albany Park National Bank and Trust Company. Mob psychology starts runs, the bankers figured, psychology ought stop them. When neighboring national bank closed morning, the Albany bank officers wasted time preparing threatened While depositors were collecting at the door, they put up sign can have your money time want brought $2,000,000 cash from downtown banks and assured patrons bank was sound. Then they hired jazz band to play and the crowd made party of it.

4. January 3, 1931 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, January 3, 1931

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Article Text

JAZZ HALTS RUN ON CHICAGO BANK came to the rescue of bank notes today and successfully reuted an incipient run on the Albany Park National Bank and Trust company. Mob psychology starts runs, the bankers figured, so psychology ought to stop them. When neighboring national bank closed this morning, Albany bank officers wasted no time preparing for threatened run. While depositors were collecting at the door, they put up sign, "You can have your money any time you want it." brought in $2,000,000 cash from downtown and assured patrons was sound. Then hired jazz band play. and the crowd made a party of it.

5. January 3, 1931 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, January 3, 1931

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Article Text

JAZZ HALTS RUN ON BANK Band Tootles and Soothes Panicky CHICAGO. Jan. came to the rescue bank today and an incipient the Albany Park National Bank and Trust company. Mob starts runs, the bankers ought boring closed morning, officers wasted time preparing threatened While collecting the door, they put up can money any you brought from assured pa the bank was Then hired jazz band and the crowd made party

6. January 3, 1931 The Miami Herald Miami, FL
Article from The Miami Herald, January 3, 1931

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Article Text

RUN ON CHICAGO BECOMES DANCE PARTY Chicago, Jan. notes came to the rescue bank notes today and successfully routed an incipient on the bany Park National Bank and Trust Company. Mob psychology starts runs, the bankers figured, pyschology ought stop them. When federal examiners closed the Lawrence avenue bank, neighborhood institution, the Albany bank officers wasted no time preparing threatened their bank the closed. While depositors collecting the door, they put sign, your money any time want brought $2.000,000 from downtown banks and assured patrons the bank sound. Then they hired jazz band to play and the crowd made party

7. January 3, 1931 Statesman Journal Salem, OR
Article from Statesman Journal, January 3, 1931

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Article Text

Jazz Notes Aid In Stopping Run On Detroit Bank CHICAGO, Jan. (AP) Jazz notes came to the rescue of bank notes today and successfulrouted an incipient run on the Albany Park National Bank and Trust Co. Mob psychology starts runs, the bankers figured. 80 psychology ought to stop them. When neighboring national bank closed this morning, the Albany bank officers wasted no time preparing for threatened run. While depositors were collecting the door, they put up sign "You can have your money any time you want brought in

8. January 3, 1931 The Macon News Macon, GA
Article from The Macon News, January 3, 1931

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Article Text

Curiosities In The News JAZZY BAND ENDS CHICAGO, Jan. 3. (P)-Jazz notes clime to the rescue of bank notes today and successfully routed an incipient run on the Albany Park National Bank and Trust company. Mob psychology starts runs, the bankers figured, SO psychology ought to stop them. When neighboring National bank closed Friday morning, the Albany bank officers wasted no time preparing for a threatened run. While depositors were collecting at the door, they put up a sign, can have your money any time you want it," brought in $2,000,000 cash from downtown banks and assured patrons the bank was sound. Then they hired jazz band to and the crowd made party of THEN YOU'LL BE A SON Not in any spirit of criticism but that there may be no room for misunderstanding, the Gloucester police chief has presented each his 12 policemen with the following rules: must be ten minutes ahead of reporting to relieve officers on Policemen must not get intoxicat- Policemen must not be disobedient. Policemen must not use indecent Policemen must not use any unnecessary loud must not sleep while on th shall be immorality in department There shall be no lack of energy on the part of must not visit gambling houses any where the laws are being violated except in the line Policemen must not criticize their Policemen must accept any bribes. must not visit places of Policemen amusement while must not leave their Policemen AGED NEW YORK POOR GET CHARITY WAGES NEW YORK Jan. on charaged poor their first monthly them receiving from and paid each aged In York City was of where was the new about $30. under the old age penPayments last are provided signed and city. All ratio by state Demeficiarles equal are 70 of age or Relief agencies in New York City the pensions come the PPIES NOT DISTI RBED BY BLAST FIRE LOS Charles Anderson left three pup in the rear his he operates, and barber shop When he for filled his and returner he pipe terrific explosion followed. out of the was door that went building through One wall the apart with windows ment out the the fire for burns and the three pups about found they had tugging The unharmed. TO RESIST POSITION BANDIT Jan. to both hands of food. planned at home without flashed pistol and said robber "But thing Rhodes the robber and his the right hand trouser right Rhodes hopefully the robber had his way continued the partment the food ASHES OF LIFE ATHERED BY at the $250,000 Mountain in of Purple the of the republic It will be 220 feet and have 15 Northern motor ship Star for the rpool York service. be under construction She be of christened Georgic 000 The 28,627 New York ruction of the French Italy-A bronze head dating from the fifth has fished out of Salerno near the River SIMFERPOL of the tenth anniversary the Soviet regime in Crimea sentenced jail for or less is to be let except political plotters and funds Italy-If eight men conkilling two fascisti found they must go to jall for ranging from 15 terms gather the and the men They dence tried the same. MOTION TO BE HEARD clerk the the motion for trial Austin for of set for hearing and killed of their station

9. January 3, 1931 Kennebec Journal Augusta, ME
Article from Kennebec Journal, January 3, 1931

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Article Text

Unusual Bits in Day's Dies In Attempt to Save Dog White, Ga., Jan. Saxon, was accompanied daily walks by his dog. Today the ran the railroad tracks front of freight Saxon tried save and train killed them both. Justice Speeds Up Norfolk, Va., Jan. special grand jury in the morning, Ollie Dawson, negro, tried, found guilty and to death this for the murder John T. Howe, Anne county recluse. He was die Feb. jury only minutes to return verdict. Flaunt 13 Belief New York, Jan. Pooh hooh! Who about the number 13? Miss Mary and both Bedford, the 13th marriage license of the day the Manhattan marriage license bureau today. Miss Elia Tucker, 25, New York, and Nathan Goldstein, N. cleaner, were the 13th couple married in the city clerk's office. Labels, True And False Louisville, Jan. eral prohibition agents today were seeking organization bootleggers who least half honThe agents today unearthed cache liquor. Half the bottles were labelled "Old famed whiskey of the tion The officers said these labels spurious. There question the authenticity printed and labels the remainder of the bottles, howThey read: old panther juice. in Woodshed. Bottled barn. Guaranteed hours old the Moonshiners' Uplift Society." Woman Tarred and Feathered Riverside, Jan. Anna Wood, homsteader the San Jacinto mountain foothills, serious condition today from being tarred and feathered New Year's day masked Deputy Sheriff Carl Rayburn, who went to her miles east here, reported the tarring parently followed Mrs. Wood's fiance of cattlemen's orders to move Mrs. Wood was found in hysterical and dition isolated ranch last night friends. The sheriff said arrests were imminent. Rayburn said the woman had accused neighboring cattlemen of quit and mining claims, located on valuable grazing lands. Lusitania Bottle Message Hamburg, Germany, Jan. bottle containing message purporting to have been written by passengers of the torpedoed liner when she was sinking years has been washed the Island of off the coast Schleswig, today. The is signed with the names of ten supposed and will sink within ten minutes." The bottle and its message have been sent headquarters the Cunard Line, owners of the Lusitania, for investigation. Jazz Halts Run On Bank Chicago, Jan. notes to the rescue bank notes today and successfully routed incipient run on the Albany Park National Bank and Trust Company. Mob physchology starts runs, the figured, psychology ought stop them. When neighboring bank this morning, the Albany officers wasted time preparing for threatened While depositors collecting at the door, they put up sign can have time you want brought in 000,000 cash from downtown banks and assured patrons the bank sound. Then they hired jazz band play and the crowd made party

10. January 3, 1931 The Roanoke Times Roanoke, VA
Article from The Roanoke Times, January 3, 1931

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Article Text

JAZZ BAND HALTS RUN ON BANK NEAR CHICAGO notes came the rescue of bank notes day and successfully routed cipient on the Albany Park NaBank and Trust Company Mob psychology starts the ought to stop them neighboring national bank closed this morning, the Albany Bank officers wasted time preparing for threatened run. While depositors were collecting the door they up sign. "You can have your money any you want brought in 000,000 from town and assured patrons the bank Then they jazz band to play end the crowd made party of