First National Bank - Chicago, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8
Charter Number: 2670
Start Date: January 30, 1878
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 459aadfb

Response Measures

None

Description

Newspaper items (Jan 1878) report the Comptroller of the Currency declared a dividend in favor of the creditors of the First National Bank of Chicago, indicating the bank was in receivership/closed. No mention of a depositor run in the articles; therefore classified as a suspension leading to closure/receivership.

Events (1)

1. January 30, 1878 Receivership

Newspaper Excerpt: The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., ... payable as soon as schedules received from receivers are examined.
Source: newspapers

Newspaper Articles (3)

1. January 30, 1878 The Princeton Union Princeton, MN

Article from The Princeton Union, January 30, 1878

Click image to open full size in new tab

Article Text

Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per cent., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 per cent., making 65 per cent. in all.

2. January 31, 1878 The Worthington Advance Worthington, MN

Article from The Worthington Advance, January 31, 1878

Click image to open full size in new tab

Article Text

Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per ccnt., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 percent., making 65 per cent. in all. French Protectorate for San Domingo. Late Havana advices give out the rumor that Spain will sign a treaty with San Domingo at the end of this month, assuring a protectorate over that island, causes great excitement in San Domingo and Hayti, and serves to increase the unpopularity of President Bolz. The-rumor is somewhat strengthened by the appointment of New Spanish Consuls at several parts of the Domingan Republic.

3. January 31, 1878 River Falls Journal River Falls, WI

Article from River Falls Journal, January 31, 1878

Click image to open full size in new tab

Article Text

Dividends Declared. The Comptroller of the Currency has declared a dividend in favor of the creditors of the First National bank of Chicago of 45 per cent., and to the creditors of the Central National bank of 25 per cent., payable as soon as schedules received from receivers are examined. He has also declared a dividend in favor of the creditors of the following banks: First National bank of Delphi, Ind., 25 per cent., making in all 50 per cent,; First National bank of Duluth, Minn., 20 per cent., making 65 per cent. in all.