American State Bank - Chicago, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 13, 1931
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: eb12b8d7

Response Measures

None

Description

Article reports a receiver (Walter of Whiting) appointed for American State Bank of Chicago and gives deadline for filing preferred claims, indicating the bank was placed in receivership (permanent closure). No run is described in the provided article.

Events (1)

1. March 13, 1931 Receivership

Newspaper Excerpt: Walter of Whiting, appointed receiver American State Bank of Chicago, stated today that clients their claims have until April 20 in which file their preferred claims.
Source: newspapers

Newspaper Articles (1)

1. March 13, 1931 The Times Hammond, IN

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Article Text

SCHRAGE REPLIES TO DEPOSITORS In reply many calls which he Walter of Whiting, appointed receiver American State Bank of Chicago, stated today that clients their claims have until April 20 in which file their preferred claims. Mr. Schrage declared that deposiof accounts, checking accounts, do not have to petitions for preferment their claims legally preferred anyaccording to a ruling made by the court.