State Savings Bank - Maumee, OH

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 18, 1931
Location: Maumee, Ohio (41.563, -83.654)

Metadata

Model: gpt-5-mini
Short Digest: 39f381ff

Response Measures

None

Description

Article (dateline Toledo, Aug 18; published Aug 20, 1931) reports the State Savings Bank of Maumee was closed by its officers. No run is described and no reopening is mentioned; classify as a suspension that resulted in closure (voluntary action by officers).

Events (1)

1. August 18, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank was closed by its officers (voluntary suspension/closure by management).
Newspaper Excerpt: One more suburban bank was closed by its officers today. This institution, the State Savings Bank of Maumee, listed deposits as of June 30 $422,766.24...
Source: newspapers

Newspaper Articles (1)

1. August 20, 1931 The Bridgeport News-Herald Bridgeport, AL

Article from The Bridgeport News-Herald, August 20, 1931

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Article Text

BANKS RESTORE CONFIDENCE IN TOLEDO Toledo, Ohio, August 18-Larger Toledo banks restored confiidence in their depositors today by opening early and promising to remain open late to take care of the last customer who might want to withdraw their money. Backed up by $11,000,000 in currency sent here by the Federal Reserve Bank of Cleveland and other millions available, the banks opened as much as an hour and a half before their usual time this morning. The crowds of patrons fell off as compared with yesterday, when four banks failed to open doors for business, Bankers expressed belief the situation would clear up as soon as depositors were convinced they would have their money if they wanted it. One more suburban bank was closed by its officers today. This institution. the State Savings Bank of Maumee. listed deposits as of June 30 $422,766.24 and total resources at $514,000, with capital at 25.000.