First National Bank (East Dundee, IL)

Episode Information

Episode UID
563801247
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
56380 national
Charter Number
5638
Start Date
November 22, 1903
Location
East Dundee, Illinois (42.099, -88.271)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
97cbae880d177500

Response Measures

None

Description

Newspapers refer to 'First National Bank of Dundee, Ill.' (bank in East Dundee).

Events (5)

1. December 13, 1900 Chartered
Source
historical_nic
2. November 22, 1903 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors found discrepancies in the accounts; later reporting and arrest allege large embezzlement by the cashier.
Newspaper Excerpt
Notices were posted on the doors of the First National Bank of Dundee, Ill., tonight notifying the depositors that the institution would not open for business tomorrow.
Source
newspapers
3. November 26, 1903 Receivership
Newspaper Excerpt
The comptroller of the currency has been advised that the First National Bank of Dundee, Ill., would not open for business yesterday. D. A. Cook, national bank examiner, has been appointed a receiver.
Source
newspapers
4. December 1, 1903 Other
Newspaper Excerpt
Charged with embezzlement of $60,000 from the First national bank of Dundee, Ill., which closed its doors November 22, Cashier Francis B. Wright was arrested on complaint of Receiver David A. Cook.
Source
newspapers
5. March 11, 1904 Reopening
Newspaper Excerpt
The Controller of the Currency has authorized the First National Bank of Dundee, Ill., to resume business, and has instructed the receiver to surrender to the board of directors all the assets of the bank in his possession.
Source
newspapers

Newspaper Articles (15)

Article from The Birmingham Age-Herald, November 23, 1903

Click image to open full size in new tab

Article Text

Illinois Bank Goes Under. Chicago, November 22.-Notices were posted on the doors of the First National Bank of Dundee, Ill., tonight notifying the depositors that the institution would not open for business tomorrow. The suspension was decided upon at a meeting of the directors today, when, it is said, discrepancies were found in the accounts. The bank is capitalized for $50,000, and carries deposits of $150,000.


Article from Evening Times-Republican, November 26, 1903

Click image to open full size in new tab

Article Text

DUNDEE (ILL.) BANK CLOSES. Receiver Is Appointed for First National-Liabilities, $224,387. Washington, Nov. 26.-The comptroller of the currency has been advised that the First National Bank of Dundee, Ill., would not open for business yesterday morning. D. A. Cook, national bank examiner, has been appointed a receiver. According to a statement of the bank's condition, as shown by its report of Sept. 9, its resources amount to $24,387 and its llabilities to $224,387.


Article from The Irish Standard, November 28, 1903

Click image to open full size in new tab

Article Text

Bank Closed. Dundee, III., Nov. 23.-The First National bank, of Dundee, with capital stock of $150,000, is practically in the hands of a bank examiner, and until alleged discrepancies in the books are untangled the business of the institution will be suspended.


Article from The Intermountain Catholic, November 28, 1903

Click image to open full size in new tab

Article Text

Washington, Nov. 23.-The controller of the currency was advised today that the First National bank of Dundee, Ills., would not open for business today. D. A. Cook was appointed receiver. The deposits amount to $143,000 and the total resources are given as $224,000.


Article from The Evening Bulletin, December 1, 1903

Click image to open full size in new tab

Article Text

Charged With Embezziement. Chicago, Dec. 1.-Charged with embezzlement of $60,000 from the First national bank of Dundee, Ill., which closed its doors November 22, Cashier Francis B. Wright was arrested on complaint of Receiver David A. Cook.


Article from Waterbury Evening Democrat, December 1, 1903

Click image to open full size in new tab

Article Text

Cashier Arrested For Fraud. CHICAGO, Dec. 1. - Charged with embezzlement of $60,000 from the First National bank of Dundee, Ill., which closed its doors Nov. 22, Cashier Francis B. Wright has been arrested on complaint of Receiver David A. Cook and brought to Chicago.


Article from Daily Kennebec Journal, December 1, 1903

Click image to open full size in new tab

Article Text

Charged with embezzlement of $60.000 from the First National Bank of Dundee, Ill., which closed its doors, Nov. 22, Cashier Francis B. Wright was arrested, Monday, on complaint of Receiver David A. Cook and taken to Chicago. Wright was arraigned before Commissioner Foote, Monday night, but waived examination. His bonds were fixed at $20,000, but he was unable to furnish a bondsman and was sent to the county jail.


Article from Perth Amboy Evening News, December 1, 1903

Click image to open full size in new tab

Article Text

Cashier Arrested For Fraud. CHICAGO, Dec. 1. - Charged with embezzlement of $60,000 from the First National bank of Dundee, III., which closed its doors Nov. 22, Cashier Francis B. Wright has been arrested on complaint of Receiver David A. Cook and brought to Chicago.


Article from Evening Times-Republican, December 2, 1903

Click image to open full size in new tab

Article Text

Chicago-Cashier Francis B. Wright. of the First National Bank of Dundee, which suspended on Nov. 22, was arrested for embezzlement.


Article from Northern Wisconsin Advertiser, December 3, 1903

Click image to open full size in new tab

Article Text

Dundee (Ill.) First National bank was placed in a receiver's hands. Its deposits were $143,222 on Sept. 9.


Article from The Herald-Advance, December 4, 1903

Click image to open full size in new tab

Article Text

BANK CASHIER ARRESTED. He is Charged With the Embezzie ment of $60,000. Chicago, Dec. 2.-Charged with embezzlement of $60,000 fro m the First National Bank of Dundee, III., which closed its doors on Nov. 22. Cashier Francis B. Wright was arrested yesterday on complaint of Receiver David A. Cook and brought to Chicago. Wright's arrest was not a surprise. as he bad been under surveillance since the institution failed.


Article from Vilas County News, December 7, 1903

Click image to open full size in new tab

Article Text

ALLEGED BANK WRECKER IN JAIL IN CHICAGO Chicago, Dec. 1.-Charged with the embezzlement of $60,000 from the First National bank of Dundee, III., which closed its doors November 22, Cashier Francis B. Wright was arrested yesterday on complaint of Receiver Cook and brought to Chicago. Wright was arraigned before Commissioner Foote last night, but waived examination. His bonds were fixed at $20,000, but he was unable to furnish bondsman for that amount and was sent to jail.


Article from Vilas County News, December 7, 1903

Click image to open full size in new tab

Article Text

Dundee (Ill.) First National bank was placed in a receiver's hands. Its deposits were $143,222 on Sept. 9.


Article from The Penn's Grove Record, March 11, 1904

Click image to open full size in new tab

Article Text

Bank to Resume Business. The Controller of the Currency has authorized the First National Bank of Dundee, III., to resume business, and has instructed the receiver to surrender to the board of directors all the assets of the bank in his posses sion.


Article from The Saint Paul Globe, March 20, 1904

Click image to open full size in new tab

Article Text

Banker Is Indicted. CHICAGO, March 19.-Charged with embezzlement, Francis B. Wright, cashier of the First National bank of Dundee, III., which suspended in November, was indicted today by the federal grand jury. He is alleged to have embezzled $54,000.