Bank of Massillon - Massillon, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1931*
Location: Massillon, Ohio (40.797, -81.522)

Metadata

Model: gpt-5-mini
Short Digest: 4e921604

Response Measures

None

Description

Article states that 14 banks were reopened in 1932 after being closed in 1931 and lists Mansfield among the reopened banks. No mention of a depositor run; therefore classified as a suspension (closed in 1931) with reopening in 1932. Cause of the suspension is not specified in the article.

Events (2)

1. January 1, 1931* Suspension

Cause Details: Article does not specify why the bank closed in 1931 (no run or government action mentioned).
Newspaper Excerpt: 14 banks were reopened in 1932 after they were closed in 1931. Banks reopened included those located in Seville, Mansfield, Youngstown...
Source: newspapers

2. January 1, 1932* Reopening

Newspaper Excerpt: As part of general improvement in Ohio, a total of 14 banks were reopened in 1932 after they were closed in 1931. Banks reopened included those located in ... Mansfield ...
Source: newspapers

Newspaper Articles (1)

1. January 4, 1933 The Coshocton Tribune Coshocton, OH

Article from The Coshocton Tribune, January 4, 1933

Click image to open full size in new tab

Article Text

Ohio Banking Situation Now Almost Normal State Official Sees Improvement in Financial Circles COLUMBUS. Jan. improvement has brot the Ohio banking situation back almost to normaley as the state enters 1933. State Banking Superintendent Ira Fulton said in review of 1932. "There has been marked decrease in the number of bank suspensions, and the number of bank closings in Ohio for many months has hardly exceeded what might be expected in normal times," Fulton said. dividends approximating $15,000,000 were paid to depositors in the course of 1932 liquidations, the banking chief stated in proof of his assertion. "Going" banks distributed $8,000,000 from purchased assets of closed banks to creditor depositors of the latter, he added. As part of general improvement in Ohio," total of 14 banks were reopened in 1932 after they were closed in 1931. Two other such banks will be reopened within few days. Banks reopened included those located in Seville, Mansfield, Youngstown, Monroeville, Alliance, Canton, Antwerp, Leipsic, Warren and Massillon.