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, 1900Chartered
Source
historical_nic
2.November 22, 1903Suspension
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, 1903Receivership
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, 1903Other
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, 1904Reopening
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)
1.November 23, 1903The Birmingham Age-HeraldBirmingham, AL
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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.
2.November 26, 1903Evening Times-RepublicanMarshalltown, IA
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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.
3.November 28, 1903The Irish StandardMinneapolis, Saint Paul, MN
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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.
4.November 28, 1903The Intermountain CatholicSalt Lake City, Denver, UT
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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.
5.December 1, 1903The Evening BulletinMaysville, KY
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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.
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.
7.December 1, 1903Daily Kennebec JournalAugusta, ME
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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.
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.
9.December 2, 1903Evening Times-RepublicanMarshalltown, IA
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Article Text
Chicago-Cashier Francis B. Wright. of the First National Bank of Dundee, which suspended on Nov. 22, was arrested for embezzlement.
10.December 3, 1903Northern Wisconsin AdvertiserWabeno, WI
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Article Text
Dundee (Ill.) First National bank was placed in a receiver's hands. Its deposits were $143,222 on Sept. 9.
11.December 4, 1903The Herald-AdvanceMilbank, SD
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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.
12.December 7, 1903Vilas County NewsEagle River, WI
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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.
13.December 7, 1903Vilas County NewsEagle River, WI
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Article Text
Dundee (Ill.) First National bank was placed in a receiver's hands. Its deposits were $143,222 on Sept. 9.
14.March 11, 1904The Penn's Grove RecordPenns Grove, NJ
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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.
15.March 20, 1904The Saint Paul GlobeSaint Paul, MN
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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.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.