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Other: State authorities closed the bank following heavy withdrawals; articles reference earlier closures of Binga and Roosevelt State banks as triggers.
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day following a run on the bank during which $500.000 in deposits were withdrawn This bank is the third South Side bank closed during the last week. The Citizen's bank is located at 55th and South State, at the edge the negro district The first bank to close was the Bings State, with deposits of more than $1,200, 000 among the negroes. The second WAS the Roosevelt State, which also had deposits of more than $1,000,000. much of it negro savings.
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at After Chicago Side to Close in Week Aug. Citizens Trust Bank closed the state today, on the bank durwhich were This third South bank closed during the week. The Citizens Bank located South State, the edge of the negro district. The bank close the Binga with deposits more than among negroes. The was Roosevelt State, which also deposits more than much negro The Roosevelt State closed cash shortage caused by heavy the Binga Bank closed. The Citizens Bank capitalized $200,000 had deposits about
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CHICAGO BANK CLOSES FOLLOWING HEAVY RUN By Associated Aug. The Trust and Savings bank was the state auditor today following the bank during deposits This bank the third withdrawn. south side bank closed during the last The Citizen's bank located and South State streets, the edge the negro district. The first bank to close the Binga deposits of the The second the which had deposits than much of savings. The Roosevelt State closed due to cash shortage by heavy withdrawals after the Binga bank was closed. The Citizens bank was capitalized and had
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Closes South Side CHICAGO. Aug Trust and Savings bank closed the state Tuesday following the bank $500,000 deposits This bank the third side bank closed during the week. Citizens bank located and South State, at of the colored district. The edge bank close the Binga with deposits more than $1,200,000 among the colored population. second the Roosevelt State. had deposits more than million dollars, much savings of colored The State closed due cash caused by heavy after the closed. bank capitalized $200,000 had deposits about million dollars.
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SOUTH BANK CLOSED CHICAGO The Trust and bank closed by the today the bank which were This bank the third south side bank closed during the last The Citizen's bank located and South the edge the negro district The first bank close the Bings deposits of more than the second the than of shortage
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THIRD BANK IN NEGRO SECTION IS CLOSED The Last Chicago Institution Close Paying Out Over $500,000 in Run. CHICAGO, Ill., Aug. Trust Savings bank closed by the state today on the bank during which $500,000 This bank the third south side bank closed during the last week. The Citizens bank located and South State streets, the the Negro district. The first bank close the Binga State, with deposits of more than $1,200,000 among the Negroes. The second was the RooseState, which also had deposits more than much Negro savings. The Roosevelt State closed due to cash shortage caused heavy withdrawals after the Binga bank was closed. The Citizens bank was capitalized at had deposits of about $1,000,000.