West Town State Bank - Chicago, IL

Episode Information

Episode Type: Run → Suspension → Unsure
Start Date: June 11, 1931
Location: Chicago, Illinois (41.850, -87.650)
Bank Type: state
Routing Number: 2-0241

Metadata

Episode ID
Bank ID
City ID: 170423587

Model: gpt-5-mini
Short Digest

Notes

Article reports heavy withdrawals and closure but gives no specific follow-up about reopening or receivership for this bank.

Events (2)

1. June 11, 1931 Run

Cause: Local Banks
Cause Details: Heavy withdrawals (runs) following recent large Loop bank mergers and a string of local bank closures.
Newspaper Excerpt: Heavy withdrawals were given as the cause in both cases.
Source: newspapers

2. June 11, 1931 Suspension

Cause: Local Banks
Cause Details: Suspended (closed) due to heavy withdrawals amid a wave of local bank closures and mergers.
Newspaper Excerpt: The banks to close today were the West Town State and the State Bank, of Beverly Hills.
Source: newspapers

Newspaper Articles (1)

1. June 11, 1931 The Washington Times Washington, DC

Article from The Washington Times, June 11, 1931

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Article Text

Two More Chicago Banks Are Closed CHICAGO, June 11 (I.N.S.). Although two more neighborhood banks were closed today, the public was said to be regaining confidence in the soundness of Chicago's financial institutions. Plans were being made for the reopening of a number of the outlying banks which suspended business following two huge mergers of Loop banking houses. About two dozen banks have closed since Monday. The banks to close today were the West Town State and the State Bank, of Beverly Hills. Heavy withdrawals were given as I the cause in both cases.

Episode Information

Metadata

Notes

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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