Globe Savings Bank - Chicago, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: June 17, 1900
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: aa6d3a45

Response Measures

None

Description

Article (1900-06-17) states Chicago Title & Trust company is receiver for the Globe Savings Bank of Chicago and sold bank-owned property. No article text mentions a run or prior suspension explicitly, but presence of a receiver indicates the bank was closed and in receivership (permanent closure).

Events (1)

1. June 17, 1900 Receivership

Newspaper Excerpt: The seller is the Chicago Title & Trust company, receiver for the Globe Savings Bank of Chicago.
Source: newspapers

Newspaper Articles (1)

1. June 17, 1900 The Salt Lake Herald Salt Lake City, UT

Article from The Salt Lake Herald, June 17, 1900

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Article Text

# BUYS THE PARK TERRACE. Col. Bruback Gets the Property For $15,000 in Cash. A real estate deal was closed yesterday by which Theodore Bruback became the aowner of the Park Terrace on the corner of Fifth East and Third South for a consideration of $15,000 in cash. The seller is the Chicago Title & Trust company, receiver for the Globe Savings Bank of Chicago. The property has a frontage of seven rods on each street; the building is a two-story stone terrace with convenient appartments for seven families. McCoy's drug store occupies the corner room on the ground floor. Mr. Bruback purchased the property for an investment and it is considered a good one as it is fully occupied and is yielding a very good income on the purchase price.