American State Bank - Chicago, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 25, 1932
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: ae6607a8

Response Measures

None

Description

OCR of the article is poor and fragmentary. The heading 'More Chicago Banks Are Closed' and the listing of the American State Bank among closed banks (article dated 1932-06-25) indicates a suspension/closure rather than a mere run. The text does not describe a run, reopening, or receiver explicitly. I therefore classify this as a suspension leading to closure (suspension_closure) likely connected to the broader 1932 banking crisis (systemic/macro news).

Events (1)

1. June 25, 1932 Suspension

Cause: Macro News
Cause Details: Article headline places the bank among multiple Chicago banks closed during the broader 1932 banking crisis; no bank-specific cause or rumor described.
Newspaper Excerpt: More Chicago Banks Are Closed ... American State Bank ... Its deposits had been ... listed at $3,500,000.
Source: newspapers

Newspaper Articles (1)

1. June 25, 1932 Pittsburgh Post-Gazette Pittsburgh, PA

Article from Pittsburgh Post-Gazette, June 25, 1932

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Article Text

your More Chicago Banks Are Closed June Naof on the and the Ravenswood Na- CleveUnTerm in the uptown district Federal The Woodlawn National had 17 of $2,240,385 last January. National had de- Coml Inv American State Bank Corn Its deposits had been Manufacturing Disat noon. Its listed at $3,500,000. Hud