Springfield Savings Bank - Springfield, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: *
Location: Springfield, Illinois (39.802, -89.644)

Metadata

Model: gpt-5-mini
Short Digest: c0e7ef34

Response Measures

None

Description

Article (1886) reports the Illinois Supreme Court held stockholders liable for depositors' losses from the suspension of the old Springfield Savings Bank. No run is mentioned; language implies a permanent suspension/closure with losses to depositors. Exact suspension date not provided.

Events (1)

1. * Suspension

Cause Details: Article does not state the reason for the suspension; only that the bank suspended and depositors suffered losses.
Newspaper Excerpt: The Illinois Supreme Court has decided that the stockholders of the old Springfield Savings Bank were individually responsible to depositors for their loss sustained by the suspension of the bank
Source: newspapers

Newspaper Articles (1)

1. June 18, 1886 The Kenosha Telegraph Kenosha, WI

Article from The Kenosha Telegraph, June 18, 1886

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Article Text

The Illinois Supreme Court has decided that the stockholders of the old Springfield Savings Bank were individually responsible to depositors for their loss sustained by the suspension of the bank to the amount of stock owned by them. This reverses the decision of the Appellate Court and affirms that of the lower court.