Central Republic Bank & Trust Co.

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 30, 1937
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 9f2e5a65

Response Measures

None

Description

The article (June 30, 1937) describes the bank as 'defunct' and refers to a receiver and stockholder assessments under court order. The article does not explicitly describe a prior depositor run or the suspension event, but the bank is clearly closed and in receivership, so the best classification is suspension_closure. No run is mentioned in the provided text.

Events (1)

1. June 30, 1937 Receivership

Newspaper Excerpt: the defunct Central Republic Bank & Trust Co. of Chicago ... the R. F. C. had requested the receiver to accept installment payments from stockholders who need more time.
Source: newspapers

Newspaper Articles (1)

1. June 30, 1937 Evening Star Washington, DC

Article from Evening Star, June 30, 1937

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Article Text

BANK HOLDERS PAY $3,750,000 AT CHICAGO B3 the Associated Press. The Reconstruction Corp. reported stockholders of the defunct Central Republic Bank & Trust Co. of Chicago had paid approximately $3.750.000 of their maximum $14.000,000 liability on their bank stock. The R. F. C. said 772 stockholders, mostly residents of Illinois, had paid their assessments in full under a court order, but the R. F. C. had requested the receiver to accept installment payments from stockholders who need more time.