Bank of Philadelphia - Philadelphia, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: 66c8a799

Response Measures

None

Description

OCRed article is fragmentary. Text references a closing of a large institution and crowds/gathered depositors left without savings. There is no clear description of a discrete run prior to suspension, but the article implies depositors were affected when the bank closed and other local banks were impacted. I classify this as a suspension resulting in closure (permanent), with cause tied to distress of other banks/local banking failures. No precise date given in the excerpt.

Events (1)

1. * Suspension

Cause: Local Banks
Cause Details: Article links the bank's closing and its effect on other banks; distress appears tied to failures/closures of other local banks.
Newspaper Excerpt: closing must have an effect on the entire structure ... crowds gathered the banks ... depositors, many of whom without their savings.
Source: newspapers

Newspaper Articles (1)

1. December 24, 1930 The Daily Worker Chicago, IL

Article from The Daily Worker, December 24, 1930

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Article Text

ONE) lawyers and attempting to betray bank of Philadelphia trying hand the bunk that huge institution not effect" other banks The same story when the Bank Within two weeks Chelsea Bank and in deposits depositors crashed fact the the closing must have an effect on the entire structure the country crowds ga.hered the banks. H. Barker. president of the issued series of "optimistic" but was handed depositors, many of whom without their savings. Thouthem jobless and had themselves food while they could when out deposits are given them as