Foreman National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12403
Charter Number: 12403
Start Date: *
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: a71b641d

Response Measures

None

Description

Article (Chicago Tribune, 1932-03-26) refers to the 'sudden closing of the Foreman bank.' No run or withdrawals are described; the bank appears to have closed (suspended) and not reopened in the article. Cause of the closure is not specified in the text, so classified as 'other.'

Events (3)

1. July 2, 1923 Chartered

Source: historical_nic

2. August 25, 1931 Voluntary Liquidation

Source: historical_nic

3. * Suspension

Cause Details: Article only states a 'sudden closing' of the Foreman bank; no explicit cause (no run, no governmental action, no liquidation stated).
Newspaper Excerpt: With the sudden closing of the Foreman bank, the stock became practically worthless
Source: newspapers

Newspaper Articles (1)

1. March 26, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, March 26, 1932

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Article Text

SWANSON AID CALLS FEINBERG CHARGES FALSE Nonpartisan League Head Replies to Judge. Prompt answer to what he termed the scurrilous charges' made by Michael yesterday by Cornelius, president of the Men's Nonpartisan league, which is State's Attorney Swanson for reelection. Feinberg, Corcused him of accepting for his organiza. tion from crook. ed bankers,' and with being debtor to bank. The CroweHarding candidate for state's attorney also said that Cornelius' real names is Wengierski. Cornelius is a north side real estate man. Changed His Name. The first two accusations are without foundation, Cornelius replied. As to his name, it originally was Wan"Judge Feinberg says our organization is supported by crooked bankers," said Cornelius, taking up the charges in detail. defy him to show that we have approached or received aid financially or in any way from any one connected with a bank receivership, whether those bank officials were crooked or not. Judge Feinberg then makes the statement that personally money to closed bank. do not owe one cent. At the time the Sheridan Trust and Savings bank closed its doors had borrowed comparatively small sum, approximately $1,500, having given this bank Foreman National bank stock as security. With the sudden closing of the Foreman bank, the stock became practically worth. less, so lost my entire investment. However, a few weeks ago made final and full settlement with the Sheridan bank receiver. Born Wengierskl. Judge Feinberg led off his attack on me by saying that my real name is Wengierski. was born Wengierski, went through Northwestern university under that name, and twenty years ago, by legal process, adopted Cornelius as my surname, and this fact is well known to my friends. While on the subject of names," Cornelius concluded, may ask Judge Feinberg if he divorce action in 1911 in which M. Fernberg asked for a divorce, making sensational charges in his bill and act ing as his own attorney. His real name was shown to be Michael Feinberg. The divorce eventually was granted to Michael Feinberg, not to Michael Fernberg. Could it be possible that our name caller" has himself changed his name? Swanson Issues Statement. Referring to the report that his candidacy is being supported by Emanuel Eller of the Bloody Twentieth ward. State's Attorney Swanson yes. terday issued the following statement: cannot what caused the break in the long friendship between Crowe, Feinberg, and the Ellers I have neither asked nor had any un derstanding of any kind with either of the Ellers. This looks like some of smooth politics."