Illinois State Bank (Evanston, IL)

Episode Information

Episode UID
70211371578
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7021137 routing
Routing Number
70-2113
Start Date
June 12, 1931
Location
Evanston, Illinois (42.041, -87.690)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c5a3171b0eca050d

Response Measures

None

Description

Articles state the bank was closed by the State Auditor for depleted reserves; no reopening reported.

Events (1)
1. June 12, 1931 Suspension
Cause
Government Action
Cause Details
Closed by the State Auditor's office because of depleted reserves.
Newspaper Excerpt
The Illinois State Bank of Evanston was closed today by the State Auditor's office due to depleted reserves.
Source
newspapers

Newspaper Articles (10)
1. June 12, 1931 The Daily Independent Murphysboro, IL

Article Text

Twenty-Eighth Bank Closes In Chicago Area CHICAGO. June 12-(UP)-The Illinois State Bank of Evanston was closed today by the State Auditor's office due to depleted reserves. It was the 28th bank suspension of the week in the Chicago aroa and the second in the suburbs. The institution capitalization was $100,000 and its deposits at the time of its last statement amountor! to $650,000. making It one of the smallest banks to be affected. CHICAGO. June 12-(UP)-Chicago's banking system-disordered this week by 27 closings and three mergers-is in good condition, at Belvin Traylor. president of the First National Bank and one of the national's leading financiers, told the United Press today. "Public confidence is heing restored,' Traylor said. "Fnancial interests are working to restore the small neighborhood institutions which have closed. "All of the closed banks were small ones. They were relatively unimportant in the city's entire banking picture. athough their closing must, of course, be greatly regretted." Besides being one of the most powerful and tireless workers in Chicago's banking crisis, Traylor has come to be known to thousands of depositors as helpful, sympathetic and understanding. On one occasion. he hurried away from his duties to help quiet depositors who were starting a run on an outlying bank. Standing on a chair in the lobby. the millionaire banker told the EX-

2. June 12, 1931 Muncie Evening Press Muncie, IN

Article Text

CHICAGO BANK SYSTEM SOUND Continued From Page One. of Chicago's population brought about the panic. Chicago has a high percentage of foreign-born residents, they declared, and many of them do not understand the American banking system. Most of them are thrifty and many of them of nervous temperament, they added. These characteristics, one banker said, were responsible for the heavy withdrawals and the crowds which milled about the smaller neighborhood banks making withdrawls. Traylor's part in bringing order out of the financial unrest included directing the merger of the First National and its affiliate, the First Union Trust and Savings, with the Foreman State National and its affiliate, the Foreman State Trust and Savings with assets of almost a billion dollars. He also was one of the leaders in a movement through which the great downtown banks, with total resources of more than $2,500,000,000, went to the aid of outlying banks. In one instance, he guaranteed dollar for dollar the funds of depositors who had started a run on a $17,000,000 bank., EVANSTON BANK CLOSED. CHICAGO, June 12. -The Illinois State Bank of Evanston was closed today by the state auditor's office due to depleted reserves. It was the bank suspension of the week in the Chicago area and the second in the suburbs. The institution capitalization was $100,000 and its deposits at the time of its last statement amounted to $650,000, making it one of the smallest banks to be affected.

3. June 12, 1931 Wisconsin State Journal Madison, WI

Article Text

Small Evanston Bank is Closed Illinois State Bank Evanston was closed today by audioffice due to the 28th bank of the week in the Chicago and the second the The institutions and its deposits the time of its making the smallest banks affected

4. June 12, 1931 Lincoln Journal Star Lincoln, NE

Article Text

BANK IS CLOSED Illinois State Bank There Is 28th to Shut Doors in Week. CHICAGO. (UP). The Illinois State bank of Evanston closed the state auditor's office due to by depleted reserves. It was bank suspension institution capitalization the week in the Chicago area. The $100,000 and its deposits time last statement amounted to $650,000.

5. June 12, 1931 The Cincinnati Post Cincinnati, OH

Article Text

28TH BANK IS CLOSED Depleted Reserves Blamed in Collapse Suburban Chicago Bank By United Press. CHICAGO, June Illinois State Bank, Evanston, closed today the state auditor due to depleted the 28th bank suspension of the week in the Chicago area. COUPLE CONFESS SWINDLE Joseph Stewart, 34, and his wife, Martha, 30, of 257 Springdale-rd, Woodlawn, O., arraigned before Judge Stanley Struble in Criminal Court Friday, were released on probation for two years their of guilty to obtaining goods stores charge account

6. June 12, 1931 York News-Times York, NE

Article Text

BANK CLOSED Illinois State bank of Evanston was closed today by the state auditor's office due to depleted reserves It was the 28th bank suspension of the week in the Chicago area. The institution capitalization was $100,000 and Its deposits at the time of its last statement amouned to $650,000 own

7. June 13, 1931 Daily News New York, NY

Article Text

ONE MORE BANK SHUT NEAR CHICAGO Chicago, June 12 (U.P.)-The Illinois State Bank of Evanston was closed today by the State Auditor's office, due to depleted reserves. It was the twenty-eighth bank suspension of the week in the Chicago area and the second in the suburbs. Capitalization was $100,000 and deposits $650,000.

8. June 13, 1931 Daily News New York, NY

Article Text

ONE MORE BANK SHUT NEAR CHICAGO Chicago, June 12 (U.P.).-The Illinois State Bank of Evanston was closed today by the State Auditor's office, due to depleted reserves. It was the twenty-eighth bank suspension of the week in the Chicago area and the second in the suburbs. Capitalization was $100,000 and deposits $650,000.

9. June 13, 1931 Daily News New York, NY

Article Text

ONE MORE BANK SHUT NEAR CHICAGO Chicago, June 12 (U.P.).-The Illinois State Bank of Evanston was closed today by the State Auditor's office, due to depleted reserves. It was the twenty-eighth bank suspension of the week in the Chicago area and the second in the suburbs. Capitalization was $100,000 and deposits $650,000.

10. June 13, 1931 Daily News New York, NY

Article Text

ONE MORE BANK SHUT NEAR CHICAGO Chicago, June 12 (U.P.).-The Illinois State Bank of Evanston was closed today by the State Auditor's office, due to depleted reserves. It was the twenty-eighth bank suspension of the week in the Chicago area and the second in the suburbs. Capitalization was $100,000 and deposits $650,000.