Northwestern National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 508
Charter Number: 508
Start Date: September 15, 1897
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 15134d69

Response Measures

None

Description

Article (Sep 29, 1897) references receivers and assets remaining on Sept. 15, 1897. No run or reopening mentioned; receivership indicates permanent closure following suspension/failure. OCR appears fine for bank name and date.

Events (3)

1. August 30, 1864 Chartered

Source: historical_nic

2. September 15, 1897 Receivership

Newspaper Excerpt: the remainder of these bills receivable will be delivered to the receivers. The receivers have received full reports from time to time of the dispositions of all collaterals held by creditors, and the following is a summary statement of the assets remaining undisposed of on Sept. 15, 1897, with their book or face value as follows:
Source: newspapers

3. September 15, 1900 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. September 29, 1897 The Saint Paul Globe Saint Paul, MN

Article from The Saint Paul Globe, September 29, 1897

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Article Text

Bailey, as trustee, holds the uncollected portion of the bills receivable pledged to the Northwestern National Bank of Chicago, under an agreement authorized by this court for settlement and an attachment suit in Chicago, and upon the payment of the balance of $7,000 the remainder of these bills receivable will be delivered to the receivers. The receivers have received full reports from time to time of the dispositions of all collaterals held by creditors, and the following is a summary statement of the assets remaining undisposed of on Sept. 15, 1897, with their book or face value as follows: