Broadway Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 1, 1944*
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 687945dc

Response Measures

None

Description

Article references a receiver (Justin Jaeger) for Broadway Trust & Savings Bank and attorney fees covering June 1944 to late 1945, indicating the bank was placed in receivership/closed. The article does not describe any depositor run; classification is suspension leading to closure (receivership). Date of receivership inferred as June 1944 from fee period.

Events (1)

1. June 1, 1944* Receivership

Newspaper Excerpt: attorney for Justin Jaeger, receiver of the Broadway Trust and Savings bank, from June, 1944, until late in 1945.
Source: newspapers

Newspaper Articles (1)

1. June 14, 1947 The Chicago Star Chicago, IL

Article from The Chicago Star, June 14, 1947

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Article Text

$14.75 AN HOUR IS CONSIDERED FAIR PAY BY RUSSELL ROOT Russell W. Root, defeated Republican candidate for mayor, took the witness stand before Circuit Judge John Prystalski last Monday to answer objections to his fees of $3,115 as attorney for Justin Jaeger, receiver of the Broadway Trust and Savings bank, from June, 1944, until late in 1945. Attorney Edgar Jonas, representing George Sell, former cashier for the bank, said, "My client considers the fee a little bit heavy for the work in this case, figuring it out to 211 working hours."