La Salle Street Trust & Savings Bank

Episode Information

Episode Type: Suspension → Closure
Start Date: August 19, 1931
Location: Chicago, Illinois (41.850, -87.650)
Bank Type: trust

Metadata

Episode ID
Bank ID
City ID: 170423587

Model: gpt-5-mini
Short Digest

Notes

Article states the bank is defunct and a receiver (Chicago Title & Trust Co.) acted for the institution; no run is described.

Events (1)

1. August 19, 1931 Receivership

Newspaper Excerpt: Climaxing an 18-year fight to regain assets of the defunct La Salle Street Trust & Savings Bank... the Chicago Title & Trust Co., while acting as receiver for the La Salle Bank...
Source: newspapers

Newspaper Articles (1)

1. August 19, 1931 Evening Star Washington, DC

Article from Evening Star, August 19, 1931

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Article Text

LORIMER SEEKS SUIT

TO REPAY $1,000,000

Former Senator Asks Court for Action on Defunct Bank He Once Headed.

By the Associated Press. CHICAGO, August 19.—Climaxing an 18-year fight to regain assets of the defunct La Salle Street Trust & Savings Bank, its one-time president, former Representative William Lorimer, known for a score of years as the "blond boss" of Republicanism in Illinois, sought yesterday in Circuit Court for permission to sue the Chicago Title & Trust Co. for $1,000,000.

Lorimer said that if Judge John R. Caverly allows the suit, it will be instituted to help him keep a promise to repay every cent lost in the failure of his institution.

He charged that the Chicago Title & Trust Co., while acting as receiver for the La Salle Bank, took over the Rose-