Michigan Avenue Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: August 7, 1906
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: a7b3f2cb

Response Measures

None

Description

Article (1906-08-07) reports a receiver (John Fetzer) placed in charge of the Michigan Avenue institution and an officer searching for Paul Stensland; mentions a shortage to be announced — indicates failure/receivership rather than a mere run. No explicit run described in the text provided.

Events (2)

1. August 7, 1906 Receivership

Newspaper Excerpt: John Fetzer Placed in Charge of Bank as Receiver and Will Announce Exact Amount of Shortage in Few Days-Man Ridiculing Wife for Being Afraid of Lightning Killed by Bolt as He Sat at Dinner Table. PAUL STENSLAND OF MICHIGAN AVENUE INSTITUTION BEING LOOKED FOR BY OFFICER OF CHICAGO. John Fetzer Placed in Charge of Bank as Receiver and Will Announce Exact Amount of Shortage in Few Days- ... }
Source: newspapers

2. August 7, 1906 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Discovery of a shortage at the bank; receiver appointed pending announcement of exact amount
Newspaper Excerpt: John Fetzer Placed in Charge of Bank as Receiver and Will Announce Exact Amount of Shortage in Few Days
Source: newspapers

Newspaper Articles (1)

1. August 7, 1906 The Laramie Republican Laramie, WY

Article from The Laramie Republican, August 7, 1906

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Article Text

PAUL STENSLAND OF MICHIGAN AVENUE INSTITUTION BEING LOOKED FOR BY OFFICER OF CHICAGO. John Fetzer Placed in Charge of Bank as Receiver and Will Announce Exact Amount of Shortage in Few Days-Man Ridiculing Wife for Being Afraid of Lightning Killed by Bolt as He Sat at Dinner Table.