Sixteenth Street State Bank (Chicago, IL)

Episode Information

Episode UID
2029271479
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
202927 routing
Routing Number
2-0292
Start Date
March 20, 1923
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6eadb2b3d6bb83f5

Response Measures

None

Events (2)

1. March 20, 1923 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by state bank examiner for irregularities in accounts; anticipated shortage of about $150,000.
Newspaper Excerpt
the Sixteenth Street State Bank suspended business.
Source
newspapers
2. March 21, 1923 Receivership
Newspaper Excerpt
Two suits for the appointment of a receiver for the Sixteenth Street State bank, which was closed yesterday, were filed by depositors today ... Samuel W. Maltz ... admitted ... he had used unconventional financial methods in obtaining loans from the bank.
Source
newspapers

Newspaper Articles (10)

Article from Clarion-Ledger, March 21, 1923

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Article Text

Another Chicago Bank Is Closed For Irregularities Chicago, March 20. β€” 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.


Article from Clarion-Ledger, March 21, 1923

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Article Text

Chicago, March 20. β€” 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. Representatives of the bank said a shortage of about $150,000 was anticipated. Some of the officers expressed a belief that depositors would secure at least 80 percent of their deposits. The bank had half a million dollars on deposit when it closed.


Article from Hartford Courant, March 21, 1923

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Article Text

Chicago Bank Closed. Chicago, March 20.β€”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.


Article from Buffalo Courier, March 21, 1923

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Article Text

Chicago, March 20.β€”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. While bank examiners refused to make any statements from representatives of the Sixteenth Street it was learned that a shortage of about $150,000 was anticipated. Samuel W. Maltz, former president of the bank, was held in the custody of the state's attorney for the night.


Article from The Montgomery Advertiser, March 21, 1923

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Article Text

CHICAGO BANK CLOSES Second Institution in Two Weeks Shows Irregularities CHICAGO, March 29.β€”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.


Article from The Birmingham Age-Herald, March 22, 1923

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Article Text

SEEK RECEIVER FOR BANK CHICAGO, March 21.-Two suits for the appointment of a receiver for the Sixteenth Street State bank, which was closed yesterday, were filed by depositors today after Samuel W. Maltz, former president of the institution, admitted to assistant state's atterneys that he had used unconventional financial methods in obtaining loans from the bank.


Article from Lexington Leader, March 26, 1923

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Article Text

CHICAGO BANK IS CLOSED Sixteenth Street State Bank's Accounts Are Irregular. Chicago, Ill.β€”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.


Article from The Butler Herald, March 29, 1923

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Article Text

CHICAGO BANK IS CLOSED Sixteenth Street State Bank's Accounts Are Irregular. Chicago, Ill.β€”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.


Article from The Patriot, March 30, 1923

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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.


Article from Taloga Times-Advocate, April 5, 1923

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Article Text

CHICAGO BANK IS CLOSED Sixteenth Street State Bank's Accounts Are Irregular. Chicago, Ill.β€”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.