4443. State Bank (Osco, IL)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
March 24, 1933
Location
Osco, Illinois (41.348, -90.280)

Metadata

Model
gpt-5-mini
Short Digest
64be55306b61aa58

Response Measures

None

Description

Articles describe the Osco State Bank having been closed as part of the national banking holiday/closure and then reopening (reported 'opened for business Friday') with large withdrawals/deposits the first day. There is no clear description of a pre-reopening depositor run causing the suspension; the closure was government/national-holiday related. OCR errors in the clippings corrected (e.g., 'Osco State bank' and 'opened for business Friday'). Reopening date inferred as Friday prior to the Mar 27โ€“28, 1933 publications (taken as 1933-03-24).

Events (3)

1. March 24, 1933 Other
Newspaper Excerpt
Deposits Withdrawals at Osco ... exceeded than $7000 the Osco State bank Friday, the day after the national holiopened statement of day, according Arnold Ohrn, the cashier.
Source
newspapers
2. March 24, 1933 Reopening
Newspaper Excerpt
Osco State bank, which opened for business Friday, reported record business ... withdrawals Friday.
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Closed as part of the national banking holiday/holiday-related banking suspension in March 1933.
Newspaper Excerpt
the day after the national holi... opened statement of day
Source
newspapers

Newspaper Articles (2)

Article from The Dispatch, March 27, 1933

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Article Text

Deposits Withdrawals at Osco, March exceeded than $7000 the Osco State bank Friday, the day after the national holiopened statement of day, according Arnold Ohrn, the cashier.


Article from The Rock Island Argus, March 28, 1933

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Article Text

Osco Bank Reports Big Business on Reopening Osco, III., March Osco State bank, which opened for business Friday, reported record busicashier, nounced that amounted more than the withdrawals Friday.