Calumet National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3102
Charter Number: 3102
Start Date: July 10, 1914
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 03452589

Response Measures

None

Description

Article (1914-07-10 report) states the Calumet bank 'will not be able to reopen' and 'a receivership is inevitable' after being hit by the failure of La Salle Street Savings Bank. The piece does not describe an explicit depositor run prior to suspension; the failure appears tied to distress of other local institutions.

Events (2)

1. July 10, 1914 Suspension

Cause: Local Banks
Cause Details: Hit by the failure of the La Salle Street Savings Bank and related Lorimer-Munday institution problems; impaired capital tied to other local bank failures
Newspaper Excerpt: Reports received by the Calumet bank ... indicate that it will not be able to reopen
Source: newspapers

2. * Receivership

Newspaper Excerpt: a receivership is inevitable
Source: newspapers

Newspaper Articles (1)

1. July 11, 1914 Albuquerque Morning Journal Albuquerque, NM

Article from Albuquerque Morning Journal, July 11, 1914

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Article Text

THREE LORIMER BANKS SAY THEY CAN MAKE GOOD (BY MORNING JOURNAL SPECIAL LEASED WIRE Springfield, III., July 10. - When the application for receivers for the Broadway State bank, the AshlandTwelfth State bank and the Illinois State bank comes up for hearing next Monday, before Judge John M. O'Connor, of the superior court of Cook county, State Auditor James J. Brady will appear and ask that an extension of time of a week or ten days be given the three Institutions in which to make good their impaired capital. This announcement was made today by the state auditor, following receipt of word from the three banks that they could "make good," If given a few more days' time. Reports received by the auditor from the Calumet bank, another of the Lorimer-Munday institutions hit by the failure of the La Salle street Savings bank. indicate that it will not be able to reopen and that a receivership is inevitable.