Fullerton State Bank - Chicago, IL

Episode Information

Episode UID: 2024571579
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 202457 routing
Routing Number: 2-0245
Start Date: July 5, 1931
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: f1067babe79a61eb

Response Measures

None

Events (2)

1. July 5, 1931 Receivership

Newspaper Excerpt: was taken over by the state auditor's office today.
Source: newspapers

2. July 5, 1931 Suspension

Cause: Government Action
Cause Details: Taken over by the state auditor's office due to low cash and secondary reserves.
Newspaper Excerpt: The Fullerton State bank, on the northwest side, which has deposits of $1,400,000, was taken over by the state auditor's office today.
Source: newspapers

Newspaper Articles (1)

1. June 5, 1931 Journal and Courier Lafayette, IN

Article Text

Bank Closes Doors CHICAGO, July 5.—(I.N.S.)—The Fullerton State bank, on the northwest side, which has deposits of $1,400,000, was taken over by the state auditor's office today. It was said the institution's cash and secondary reserve funds had become low.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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