Chicago Bank - Chicago, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 25, 1890
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 9efc536a

Response Measures

None

Description

Article describes the 'suspended Chicago Bank' and arrests of banker S. A. Kean and cashier Warner, indicating bank-specific wrongdoing and closure following suspension. No explicit mention of a depositor run or reopening; classify as suspension leading to closure.

Events (1)

1. December 25, 1890 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank officials (banker S. A. Kean and cashier Warner) were arrested, suggesting internal malfeasance or misconduct precipitating suspension.
Newspaper Excerpt: Bursted Bankers. Banker S. A. Kean, of the suspended Chicago Bank, was arrested at his residence in South Evanston. He was taken before a justice and released on $3,000 bonds. Cashier Warner was also arrested and released on $3,000 bonds.
Source: newspapers

Newspaper Articles (1)

1. December 25, 1890 Democratic Northwest Napoleon, OH

Article from Democratic Northwest, December 25, 1890

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Article Text

Bursted Bankers. Banker S. A. Kean, of the suspended Chicago Bank, was arrested at his residence in South Evanston. He was taken before a justice and released on $3,000 bonds. Cashier Warner was also arrested and released on $3,000 bonds.