St Charles National Bank - St Charles, IL

Episode Information

Episode UID: 621901480
Episode Type: Run Only
Bank Type: national
Bank ID: 62190 national
Charter Number: 6219
Start Date: April 12, 1923
Location: St Charles, Illinois (41.914, -88.309)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c817d2c665684334

Response Measures

Public signal of financial health

Description

Article names a 'St. Charles First National bank'—possible naming variant of the specified bank.

Events (2)

1. April 21, 1902 Chartered

Source: historical_nic

2. April 12, 1923 Run

Cause: Rumor Or Misinformation
Cause Details: Untrue charges/rumors that the cashier had embezzled $150,000; bank heads denied the statement and wealthy depositors reportedly made up the deficit.
Measures: Bank heads denied the statement; wealthy depositors allegedly covered deficit to check withdrawals.
Newspaper Excerpt: Rumors began Tuesday that Schmidt had embezzled the money ... a slight run on the bank was checked.
Source: newspapers

Newspaper Articles (1)

1. April 13, 1923 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, April 13, 1923

Click image to open full size in new tab

Article Text

VICTIM OF SCANDAL Bank Cashier Kills Self Following Untrue Report. CHICAGO. April 12.-Sickness. aggravated by untrue charges that he had embezzled $150.000 from the St. Charles First National bank. where he formerly was cashier, relatives said, hastened the death of P. J. Schmidt, 63, who died at his home Thursday. Rumors began Tuesday that Schmidt had embezzied the money and the deficit had been made up by wealthy depositors, Bank heads denied the statement and a slight run on the bank was checked.