Sixty Third & Halsted State Savings Bank

Episode Information

Episode UID: 2026671617
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 202667 routing
Routing Number: 2-0266
Start Date: September 6, 1934
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ddb916564c59cfc8

Response Measures

None

Description

OCR in article shows 'Halstad' which likely is 'Halsted'.

Events (1)

1. September 6, 1934 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank began paying depositors in full and ending 23 years of business (voluntary liquidation).
Newspaper Excerpt: the Sixty-third and Halstad State Savings bank today began paying depositers in full to end 23 years of business.
Source: newspapers

Newspaper Articles (1)

1. September 6, 1934 The Redwood Gazette Redwood Falls, MN

Article from The Redwood Gazette, September 6, 1934

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Article Text

Kidnapping and bank robbing are dastardly crimes but in our opinion there is no more contemptible thief than one who preys on defenseless families, extorting money by torture. Cases of this kind have been quite numerous in Minnesota in recent years. Redwood county had one only last week. Every effort is being made to track down the guilty parties and their punishment undoubtedly will be severe. It cannot be too severe. The increase in this sort of crime no doubt is a reflection of the banking situation. Many farmers and villagers live long distances from the scattered banks which survived the depression. It is inconvenient for them to bank as regularly as they would like to. In (some cases, persons do not appreciate the fact that the government is guaranteeing bank deposits, that the (day of failures and losses to depositors is presumed to be over. Where persons keep large sums in their homes consistently, the fact frequently leaks out and they are exposed to the danger of extortion. More confidence in banks and severe punishment of extortionists will wipe out this despicable crime. Banks have added services charges, NRA and otherwise, in recent months, which is rather irksome to customers. In this respect the following news dispatch from Chicago is interesting: "Because there are no profits in banking under present conditions, the Sixty-third and Halstad State Savings bank today began paying depositers in full to end 23 years of business." Townley threatens to run for governor on an independent ticket and if the Republicans and Democrats don't fuse on someone pretty soon, a lot of otherwise sane voters are going to vote for him in protest. Governor Olson is taking more interest in fusion talk now. He'd like to fuse the Farmer-Laborites. Of eight who survived the first round of the championship flight in the city golf tournament, six were under 30; the four who reached the semi-finals are all under 30; the champion is 19, the runner-up 21. And golf has been called "the old man's game."