4465. Globe Savings Bank (Chicago, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1897*
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
b0850b3e

Response Measures

None

Description

Articles report the Globe Savings Bank failed in 1897 and that the Chicago Title & Trust Company is acting as receiver in 1903, being authorized to pay dividends. No run is described; this is a failure with receivership and ongoing liquidation—fits suspension_closure.

Events (2)
1. January 1, 1897* Receivership
Newspaper Excerpt
This makes a total of 45 per cent. in dividends that have been paid since the bank failed in 1897.
Source
newspapers
2. May 18, 1903 Receivership
Newspaper Excerpt
An order was entered in Judge Tuley's court today authorizing the Chicago Title and Trust Company as receiver for the Globe Savings Bank to pay a dividend of 10 per cent on all claims filed and allowed.
Source
newspapers

Newspaper Articles (3)
1. May 18, 1903 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, May 18, 1903

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Article Text

Chicago, May 18.-A thousand blacksmiths and helpers struck today to compel the employers to accept the wage scale. Striking butcher's clerks returned to work today. their demands having been granted. An order was entered in Judge Tuley's court today, authorizing the Chicago Title and Trust Company as recelver for the Globe Savings Bank to pay a dividend of 10 per cent on all claims filed and allowed.

2. May 18, 1903 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, May 18, 1903

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Article Text

JUDGE TULEY ALLOWS DIVIDEND ON CLAIMS Chicago, May 18.-An order was entered in Judge Tuley's court today authorizing the Chicago Title & Trust company, as receiver for the Globe Savings bank, to pay a dividend of 10 per cent on all claims filed and allowed.

3. May 20, 1903 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, May 20, 1903

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Article Text

Bank Has Paid 45 Per Cent. Chicago, May 30.-An order has been entered in Judge Tuley's court authorlizing the Chicago Title and Trust company,as receiver for the Globe Savings bank. to pay a dividend of 10 per cent. on all claims that have been filed and allowed. This makes a total of 45 per cent. in dividends that have been paid since the bank failed in 1897.