gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3d89465c154acd3
Response Measures
None
Description
The bank closed following the death of its president and the discovery of a large shortage; while reorganization was initially planned, it ultimately went into receivership.
Events (2)
1.March 9, 1923Suspension
Cause
Bank Specific Adverse Info
Cause Details
Death of president Fred W. Popp and discovery of a $400,000 shortage and technical forgeries.
Newspaper Excerpt
The bank was closed today following the finding yesterday of the body of Fred W. Popp, president in his automobile
Source
newspapers
2.March 13, 1923Receivership
Newspaper Excerpt
Logan Square Trust and Savings Bank closed since the death of its president, Fred W. Popp, operating today under a receiver
Source
newspapers
Newspaper Articles (17)
1.March 12, 1923The Journal and TribuneKnoxville, TN
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Article Text
MAY RE-OPEN CHICAGO BANK
Suspended Chicago Institution To Continue Business After Reorganization.
Chicago, March 11.—State bank examiners yesterday planned reorganization of the Logan Square Trust and Savings bank to permit it to reopen Monday. The bank was closed today following the finding yesterday of the body of Fred W. Popp, president in his automobile on the outskirts of Chicago with a bullet through his head.
A coroner's jury continued the inquest into Popp's death when the police said they needed more time to investigate and hinted that the death may have been due to murder instead of suicide.
2.March 13, 1923The Bismarck TribuneBismarck, Mandan, ND
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Article Text
HEAVY SHORTAGE UNCOVERED IN CHICAGO BANK Chicago, Mar. 13-With the Logan Square Trust and Savings Bank closed since the death of its president, Fred W. Popp, operating to. day under a receiver first indications of the total of the alleged shortage came in a statement issued by H. F. Savage, chief bang examiner, invesigating the bank's paper. He said approximately $400,000 and $175,000 in cash, would be needed to straighten out the bank's affairs.
3.March 13, 1923Lansing State JournalLansing, MI
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Article Text
BANK SHORTAGE AT CHICAGO $400,000
CHICAGO, March 13—(By U.P.)—Examiners today announced $400,000 would be necessary to re-establish the Logan Square Trust and Savings bank on a sound basis. Doors of the bank were closed Saturday after Fred W. Popp, president, killed himself.
David Wiedemann, jr., vice president, missing since Popp killed himself, reappeared.
4.March 13, 1923Press and Sun-BulletinBinghamton, NY
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Article Text
CHICAGO BANK REOPENS, RECEIVER IN CHARGE
Chicago, March 13—With the Logan Square Trust and Savings bank, closed since the death of its president, Fred W. Popp, last Friday, operating today under a receiver, first official indication of the total of the alleged shortage came today in a statement issued by H. S. Savage, chief bank examiner, investigating the bank's paper. He said approximately $400,000 ($175,000 in cash) would be needed to straighten out the bank's affairs.
David Wiedemann, Jr., vice president of the bank, issued a statement admitting "technical forgeries" of three notes for $25,000.
5.March 13, 1923The World-NewsRoanoke, VA
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Article Text
LINCOLN BANK IN RECEIVER'S HANDS
$400,000 Needed to Straighten Affairs, Examiner Says.
Chicago, March 13—(By the Associated Press)—With the Logan Square Trust and Savings Bank closed since the death of its president, Fred W. Popp, last Friday, operating today under a receiver, first official indication of the total of the alleged shortage came in a statement issued by H. S. Savage, chief bank examiner investigating the bank's paper. He said approximately $400,000 of which
6.March 21, 1923Clarion-LedgerJackson, MS
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Article Text
Another Chicago Bank Is Closed For Irregularities
Chicago, March 20. — The second state bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State Bank suspended business. Ten days ago the Logan Square Trust and Savings Bank was closed when Fred W. Popp, its president, was found with a bullet through his head.
7.March 21, 1923The Montgomery AdvertiserMontgomery, AL
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Article Text
CHICAGO BANK CLOSES
Second Institution in Two Weeks Shows Irregularities
CHICAGO, March 29.—The second bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State Bank suspended business. Ten days ago the Logan Square Trust and Savings Bank was closed when Fred W. Popp, its president, was found with a bullet through his head.
8.March 21, 1923The PantagraphBloomington, IL
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Article Text
ANOTHER CHICAGO BANK IS CLOSED
Anticipate a Shortage of $150,000 In Sixteenth Street State Bank.
Chicago, March 20.—(By the Associated Press.)—The second state bank to be closed here in less than two weeks because of irregularities in its accounts had its doors locked today by Henry S. Savage, chief state bank examiner, when the Sixteenth Street State bank suspended business. Ten days ago the Logan Square Trust and Savings bank was closed when Fred Y. Popp, its president, was found with a bullet thru his head.
While bank examiners who started work at once on the books of the Sixteenth street institution refused to make any statements, from representatives of the bank it was learned that a shortage of about $150,000 was anticipated. Some of the officers expressed the belief that depositors would secure at least 80 per cent of their deposits.
In statements tonight Maltz said that the Central Park bank, a new institution, had considered taking over the Sixteenth Street bank at the request of Mr. Savage and said that officials of the new bank had been named directors of the Sixteenth Street bank but after an investigation were unable to straighten out affairs. Maltz said the naming of new officers and uneasiness of depositors over this caused heavy withdrawals recently. The new officials resigned yesterday and the old directors were reinstated.
There are between 2,000 and 3,000 depositors. At least a week will be required to straighten out its affairs, it was estimated.
9.March 28, 1923Strong City HeraldStrong City, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
10.March 29, 1923Stratford LeaderStratford, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
11.March 29, 1923The Mulhall State JournalMulhall, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
12.March 29, 1923The Vici BeaconVici, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
13.March 29, 1923The Butler HeraldButler, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
14.March 30, 1923Malden Press-MeritMalden, MO
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Article Text
Condensed News Items
SHORT STORIES TERSELY TOLD FOR THE BENEFIT OF BUSY READERS.
PERSONAL.
Clarence Saunders, 12 years ago an obscure, almost moneyless, iron mine worker, at his home in Memphis, Tenn., has announced to Wall street he will "expect a settlement on the basis of $150 a share." This means he will receive something like $3,700,000.
Dr. W. C. Shupp, for ten years superintendent of the Anti-Saloon League of Missouri, has resigned, saying his action was caused by ill health.
ACCIDENT.
George Chamlee, flying cadet of Brooks Field, San Antonio, Tex., was killed when he was struck in the head by the propeller of an airplane. He did not see the ship come up behind him. His
The Mississippi Valley Photographers' Association, in session at Kansas City, Mo., elected O. C. Conkling, St. Louis, president; Cady Hodge, Topeka, Kan., vice-president; Clarence Gale, Beatrice, Neb., secretary, and Miss Jeannette Bahlman, St. Joseph, Mo., treasurer.
The second state bank to be closed at Chicago in less than two weeks because of irregularities in its accounts had its doors locked by Henry S. Savage, Chief State Bank Examiner, when the Sixteenth Street State Bank there suspended business. Ten days before the Logan Square Trust and Savings Bank was closed when Fred W. Popp, president, was found with a bullet through his head.
15.March 30, 1923The Foss EnterpriseFoss, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
16.March 30, 1923The PatriotGlenmora, LA
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Article Text
George E. Kessler, 61 years old, of St. Louis, Mo., nationally known landscape architect, died at Indianapolis, Ind., following a brief illness. Kessler drew up the building plans for the St. Louis Exposition in 1904.
The second state bank to be closed at Chicago in less than two weeks because of irregularities in its accounts had its doors locked by Henry S. Savage, Chief State Bank Examiner, when the Sixteenth Street State Bank there suspended business. Ten days before the Logan Square Trust and Savings Bank was closed when Fred W. Popp, president, was found with a bullet through his head.
17.April 5, 1923Taloga Times-AdvocateTaloga, OK
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Article Text
CHICAGO BANK IS CLOSED
Sixteenth Street State Bank's Accounts Are Irregular.
Chicago, Ill.—The second state bank to be closed here in less than two weeks because of irregularities in its account had its doors locked by Henry S. Salvage, chief state bank examiner, when the Sixteenth Street state bank suspended business a few days ago the Logan Square Trust and Savings bank was closed when Fred W. Popp, president, was found with a bullet through his head.
While bank examiners who started to work at once on the books of the institution refused to make any statements from representatives of the bank it was learned that a shortage of about $150,000 was anticipated.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
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Logan Square Trust & Savings Bank · UID 2026071479
