2700. Burlington Savings Bank (Burlington, IA)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
savings bank
Start Date
January 23, 1933
Location
Burlington, Iowa (40.808, -91.113)

Metadata

Model
gpt-5-mini
Short Digest
bcc97aaa492218ea

Response Measures

None

Description

Articles (Jan 1933) report the Burlington Savings Bank closed as a protective 'holiday' after a proclamation by Mayor Thomas J. Smith to protect deposits. No mention of depositor runs, receivership, or permanent closure; this appears to be a temporary suspension (bank holiday) intended to preserve stability and would typically lead to reopening.

Events (1)

1. January 23, 1933 Suspension
Cause
Government Action
Cause Details
Mayor Thomas J. Smith proclaimed a bank holiday; Burlington Savings Bank closed as a protective measure to safeguard deposits.
Newspaper Excerpt
The Burlington Savings bank and the Farmers and Merchants banks were on holidays here Monday after proclamation by Mayor Thomas J. Smith.
Source
newspapers

Newspaper Articles (2)

Article from The Oelwein Daily Register, January 12, 1933

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Article Text

Bank Closes At Burlington bank here and another Burlington were closed tounder holiday declared by Mayor Thomas Smith Only Burlington bank Merchants bank. The Burlington Savings bank and the West Savings bank wore closed as protective measure protect deposits, folthe closing week banks at Sperry and Mediapolis, Joining with the two local banks the Danville, State Savings bank. Half of Stars Time There in the entire celestial sphere six and seven thoustars that are distinctly to without telescope. Since only the celestial sphere any one time only this total number any and


Article from Iowa City Press-Citizen, January 23, 1933

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Article Text

? Burlington Banks Adopt Holiday Plan BURLINGTON (AP) The Burlington Savings bank and the Farmers and Merchants banks were on holidays here Monday after proclamation by Mayor Thomas J. Smith.