Brewster Banking Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1931*
Location: Brewster, Ohio (40.707, -81.598)

Metadata

Model: gpt-5-mini
Short Digest: 26042410

Response Measures

None

Description

Article states the Brewster Banking Co. suspended during the period when many banks closed and reopened (reopening noted as Nov. 16). No run or depositor agitations described. Newspaper date is 1932-10-20; the referenced reopening 'Nov. 16' must have been prior to publication (in 1931), so I set reopening date to 1931-11-16 and suspension to 1931 (month/day unknown). The bank issued staged releases of deposits (10% releases totaling 30%).

Events (3)

1. January 1, 1931* Suspension

Cause: Macro News
Cause Details: Suspended during the period when many banks closed (widespread banking closures/panic)
Newspaper Excerpt: The bank suspended operations during the period when many banks closed
Source: newspapers

2. November 16, 1931 Other

Newspaper Excerpt: release to its depositors of an additional 10 percent of their accounts ... The release is the third since the reopening ... The total release of 30 percent amounted to ... officers ... cashier B. Paumier
Source: newspapers

3. November 16, 1931 Reopening

Newspaper Excerpt: Brewster Banking Co., which reopened Nov. 16 ... The release is the third since the reopening, all being for percent. The total release of 30 percent amounted to ... Practically all old depositors have new accounts the bank. opened Accounts also have been opened by new depositors.
Source: newspapers

Newspaper Articles (1)

1. October 20, 1932 The Independent Massillon, OH

Article from The Independent, October 20, 1932

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Article Text

RELEASE MADE BY Brewster Financial Institution Has Freed $100,000 Since Reopening Nov. 16 release to its depositors of an additional 10 percent of their nccounts been by the Browster Banking Co., which reopenNov. The release is the third since the reopening, all being for percent. The total release of 30 percent amounted to The bank suspended operations during the period when many banks closed but reopened shortly after under an agreement whereby consented waive withdepositors drawals until the directors would allthorize releases. 10 percent lease made immediately And two others have been made since. Practically all old depositors have new accounts the bank. opened Accounts also have been opened by new depositors. Officers the bank are Press Campbell, of Canton, president; Staudt, of secretary; Morris, of Brewster, vice prestdent, and B. Paumier, of Canton, cashier.