4607. National City Bank (Chicago, IL)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
8532
Charter Number
8532
Start Date
April 10, 1926
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
0071edc0

Response Measures

Full suspension

Other: Two separate episodes referenced: a 1926 rumor-driven run that only 'affected' the bank, and a 1931 event where National City Bank 'closed its doors' after a run tied to another bank's failure.

Description

Article 1 (Apr 10, 1926) reports a run in Chicago that affected the National City Bank due to false reports in an evening paper (rumor/misinformation). No suspension or closure of the Chicago National City Bank is reported. Article 2 (1931) is garbled and appears to discuss a different local bank/closure (possibly an Ottawa bank or a different National City branch); it is ambiguous and likely not the Chicago National City Bank, so I based classification on the clear 1926 report.

Events (2)

1. February 2, 1907 Chartered
Source
historical_nic
2. April 10, 1926 Run
Cause
Rumor Or Misinformation
Cause Details
Lack of confidence attributed to false reports appearing in an evening paper about banks (misinformation).
Newspaper Excerpt
The National City bank here was also affected, but to lesser extent. ... It is alleged that the lack of confidence resulted from false reports appearing in an evening paper 'yesterday'
Source
newspapers

Newspaper Articles (2)

Article from The Sunday Herald, April 11, 1926

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Article Text

HARD ON BOOTLEGGER RUN STARTED ON CUBAN BANK CHICAGO. April 10 (U. Resurrecting from the statutes of 1857 an old law designed to check moonshining. Director E. C. Yel lowley today started out on cam paign that he hopes will take from every moonshiner and bootlegger Illinois Indiana and Wisconsin every bit of real or personal prop erty he owns. The old law, used exteremly sue cessfully in the reconstruction period immediately following the civil war. provides for the forfeit ure to the government of both res and personal property Involved in vides for the surrender of land 0501 which nass to and from wild eat still, according to Yel lowler. Now, Director Tellowley said will be able to take over property in place of merely padlocking it. run began at m. today on the Royal Bank of Canada. The National City bank here was also affected, but to lesser extent. President Machado deposited large sum in the former bank and addressed crowd of several thousand depositors, saying that the resources of the government were hind the bank. It, is alleged that the lack of confidence resulted from false reports appearing in an evening paper 'yesterday


Article from Waukegan News-Sun, September 30, 1931

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Article Text

CHICAGO STOCKS CLOSING PRICES TRANSFERS Furnished ILLINOIS TITLE COMPANY ABSTRACTS TITLE TITLE GUARANTEE POLICIES ROCK ISLAND BANK CLOSED ROCK ISLAND. Ill., Sept. Central Trust Savings bank. largest financial resources 700,000 closed after posted notice the bank closed for audit and examination by direc- PEORIA LIVESTOCK III., Sept. Livestock steady to higher: 250-300 pigs and light lights 4.65 veals 9.50 down. M LIVESTOCK ESTIMATES CHICAGO. Sept. estimated receipts tomorrow Field Cattle 6,000; hogs 24,000; sheep WAUKEGAN. ILLINOIS Sept. 25, 1931 S Darrow Leickem and lots 54 55, Beach View Sub. sec 33, Benton. and Co W Abel and tens deed lot blk 53 Round Lake Avon. Bank to and Berg tens deed lot 39, blk Round Beach Sub, Avon. Gonyo Pt of SW sec Libertyville. Mason to Hinton and tract of in H Bartlett to Arbuthnot deed, pt froctl sec Benton. wf Reardon SE qr of NE Cuba Schwartz and wf to Schwarts 3% lot blk lot 46, blk Ravinia lands. Paul and hus to E Evans and tens 165, Pleasant sec Rockenbach and to Heybeck and wf tens tract sec Ela. Uhler Whipp Golf Links Addn, sec 27, Deer- FLOUR MINNEAPOLIS 30. Flour unchanged. Shipments 32,093 PEORIA GRAIN PEORIA. Sept. corn lower: No. yellow 36: No. yellow 36: No. yellow Oats unchanged: No white 19@ 19½ CLOSE OTTAWA BANK III., Sept. Because reported failure to get financial assistance from Chicago banks during the National City Bank closed doors today The run began, after the closing the Ottawa Banking and Trust Company yesterday. National City Bank was capitalized for $200.in solvent condition 2716 depositors will get 100 cents on the dollar. officers said. Sept. Stocks Close Nor'west Bancorp 23% Stocks Close No West Ut Pf Abbott Lab No West Ut Acme Steel 18 Perfect Circle Am Equities 2% Pines Winter Am Pub Pf Public Serv 170 Appalach Gas 1% Pub 110 Art Metal Pub Serv Pf 120 Assoc Q Assoc 75 Qrs Devry 1% Asoc Quaker Oats Assoc Util Quaker Oats Pf 115 Assoc Util R Assoc Tel Util Railroad Sh Assoc Tel Util Rath Pack Assoc Inv 54% Raytheon Vtc Reliance Int'l Bendix Avia 14% Ross Gear Warner Ryerson Son Brach Sons Stl Natl Stkyds 55 Brown Seaboard Pub Ser Brown Seaboard Burnham Trad Signode Steel Pf Burnham Trad Pf Pow Butler Bros 3 Un Gas Cent Cold Storage West Pf Cent Pub Ser Pf 90 Stand Dredging Swift Ind Pow 8 Pf Swift Int'l Cent Pub Serv Cent So West Tel Bond Sh Cent & So West Pf 1st Cent Pr Pf 85 Thompson Invest U Chic Chi No Shore and Milw Unit Corp of Am Unit Millard to Latimer W D. Chic Cab Cities Service Gypsum 25% lot 12, Hovlands H Pk Com-with Radio Tel 13% Acres Sub. sec 21, Deerfield. Chicago Utah Radio Latimer Miller 25% Ind Millard Cord Util Ind Pf 13% Hovlands H Pk Acres Corp Sec 21, Deerfield Ctfs 23 Vortex Cup Tr and Savings Crane Co Vortex Cup 24½ Oliver Pf W lot Round Lake Crane 90% E Walgreen Co 13 Beach and 20, Household Waukesha Mot 35 Hultzen Hultzen and Elec Fitzsimmons & Con 19 Wayne Pump Pf Pts of lots and 26, blk West Tel 20% First Addn to Everbreeze Sub, Sec Gen Thea Eq Vtc Wis Bankshrs Total stock sales 160,000 Gt Lakes Central Mrg District Bank Total sales $67,000 Gt Lakes Dredge Robert Kenyon deed Deerpath Hill Grief Bros Corp 16 Lake Forest. Larsen and wf to Guetsen Hall Print 12 lot 113, Shaws Sub on Fox Hart-Carter Pf Lake. Houd-Her The First Natl Bank of Lake Forest Houd-Her Gist wf tens deed, 50. Clerks sec 28, Shields Ill Brick Speidel and wf to Gist and Insull Util tens of lot 50, Insull 2nd Ser Clerks Sub, sec 28, Shields Fireman 6½ McCluer Quinlan W D K NE qr of SE qr and hf of SE or Kellogg Switch Fremont Ky Cum Pf 48 Keystone Steel Lane Drugs Pf MANY BIDDERS Lawbeck Corp Leath 12 Lincoln Print Lynch Corp 12% Manhat Dearborn Expect At Least 12 Bidders Mapes Cons Marshall On Repair Job At Postoffice Material Ordered By Gov't. McCord Rad McQuay Norris Merch Mfrs At least contracting firms Met Ind Co Allot Ctf 29 are bids entered Mickleberry's Food afternoon on proposal West Util 10 SILVER calling for extensive repairs to the Mid Pf A NEW Sept. Waukegan post office building. Bar It from War Mancel Talcott's office this morning Midland United 14 that twelve been given specifications the proposed 6Pc improvements to the majority 78 of whom will return Util Pf 72 proposals before the deadline at Miss Val Util 73 o'clock tomorrow Pipe While estimate has been released by federal inspecChem Pf tors as to the probable cost of the entire improvement. it appears cerSpring tain that the project will amount to 12% several thousand dollars. as the inStr spector has recommended extensive Inv repairs throughout both the interior Inv and exterior the building Inv Pf 37 repairs the roof will probably entail the largest exRadio any repair on the Noblitt-Sparks tire All iron the exterior Pow the building will repainted. the Am