City National Bank - Chicago, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 818
Charter Number: 818
Start Date: July 31, 1879
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 583248bb

Response Measures

None

Receivership Details

Depositor recovery rate: 77.5%
Date receivership started: 1876-05-17
Date receivership terminated: 1885-02-28
OCC cause of failure: Losses
Share of assets assessed as good: 44.5%
Share of assets assessed as doubtful: 47.1%
Share of assets assessed as worthless: 8.4%

Description

Article is a receiver's sale notice indicating the City National Bank of Chicago is in liquidation with A. H. Burley as receiver. OCR shows a likely typo in the bid deadline year (reads 1870) — treated as OCR error; newspaper date 1879-07-31 used. No run or prior suspension described; bank is closed and in receivership.

Events (3)

1. February 18, 1865 Chartered

Source: historical_nic

2. May 17, 1876 Receivership

Source: historical_nic

3. July 31, 1879 Receivership

Newspaper Excerpt: Of all the Real Estate of the City National Bank of Chicago, in Liquidation. Notice is hereby given that proposals will be received until Aug. 18, 1870, for all of the real estate belonging to the estate of the City National Bank of Chicago, which will be sold to the highest bidder for cash ... A. H. BURLEY, Receiver, 150 Lake-st.
Source: newspapers

Newspaper Articles (1)

1. July 31, 1879 Chicago Daily Tribune Chicago, IL

Article from Chicago Daily Tribune, July 31, 1879

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Article Text

RECEIVER'S SALE. # RECEIVER'S SALE Of all the Real Estate of the City National Bank of Chicago, in Liquidation. Notice is hereby given that proposals will be re- celved until Aug. 18, 1870, for all of the real estate be- longing to the estate of the City National Bank of Chi- cago, which will be sold to the highest bidder for cash, subject to the approval of the Comptroller of the Cur- rency and of the United States District Court. All bids must be submitted in writing. Bids held as confiden- tial, schedules and information will be furnished on application to A. H. BURLEY, Receiver, 150 Lake-st.