4553. State Bank (Rock Island, IL)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
February 1, 1933*
Location
Rock Island, Illinois (41.509, -90.579)

Metadata

Model
gpt-5-mini
Short Digest
259440ba987a5667

Response Measures

None

Description

Articles from Feb–Mar 1933 describe the State Bank of Rock Island being closed (seeking depositors' agreements for reopening) and a concerted drive to obtain waivers/agreements to permit reopening. No article describes an initial depositor run; the coverage focuses on a reorganization drive and planned reopening celebration. Dates are from newspaper publication dates; exact closure date is not specified in the clippings.

Events (5)
1. February 1, 1933* Suspension
Cause Details
Bank was closed pending a plan requiring depositors' agreements/waivers to permit reopening; articles do not specify a triggering run or government seizure.
Newspaper Excerpt
agreements ... for reopening of the State plan bank ... solicitors ... campaign for reopening
Source
newspapers
2. February 18, 1933 Other
Newspaper Excerpt
More Than 50 Percent Report at Rock Island Already Favorable. ... more than 50 percent the of the State Bank of Rock Island had signed the positors' up to today ... reports at meeting this morning in headquarters in Fort Armstrong hotel.
Source
newspapers
3. February 24, 1933 Other
Newspaper Excerpt
Hope For Finish Saturday Night of Drive by State Bank of Rock Island ... All the large corporations which the State Bank Rock Island signed agreements in the for opening the bank, was announced today by Chairman the citizens' positors' committee waging the campaign.
Source
newspapers
4. March 1, 1933* Reopening
Newspaper Excerpt
Meeting Be Held Morning to Make Plans Event Tuesday. ... plans for an observance of the reopening of the State Bank of Rock Island ... idea the observance will renew the confidence of depositors and residents.
Source
newspapers
5. March 2, 1933 Other
Newspaper Excerpt
Rock Island Bank Will Open if 376 More Sign Waivers ... signatures of 91 percent of the depositors had been secured. ... only 376 more signatures are needed for the required amount to permit reopening of the bank.
Source
newspapers

Newspaper Articles (4)
1. February 18, 1933 The Dispatch Moline, IL
Article from The Dispatch, February 18, 1933

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Article Text

DEPOSITORS More Than 50 Percent Report at Rock Island Already Favorable. Dispatch Special Service. Rock Island, Feb. With agreements that turned this morning not included in tabulation, more than 50 percent the of the State Bank of Rock Island had signed the positors' up to today, was by Popplewell of the citizens' and committee. The 150 solicipositors' forming teams in the campaign signatures on which are the basis of agreements the for reopening of the State plan bank made their reports at meeting this morning in headquarters in Fort Armstrong hotel. Chairman Popplewell announced after team reports had been made that the solicitors are meeting with the most encouraging Headquarters are being maintained by the citizens and depositors' in Room 19 of the State bank building and in the Commerce office in the Fort hotel. The hotel office open evenings. It is announced that there will no let-up of the campaign Sunday, and the leaders the drive, Chairman Popplewell, Vice Chairman Thomas Kennedy and Bengston, Hugo Mosenfelder and Harry Knox, hope that Monday the drive will be well advanced to its final stages.

2. February 24, 1933 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, February 24, 1933

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Article Text

Hope For Finish Saturday Night of Drive by State Bank of Rock Island Large Corporations Sign Agreements, Chairman Reports. All the large corporations which the State Bank Rock Island signed agreements in the for opening the bank, was nounced today by Chairman the citizens' positors' committee waging the campaign. especially gratifying." said Mr. Popplewell, "that corthese porations have substantial deposit balances, signed agreements none them act consulting their legal staffs advisors. This situation indithe soundness the Following meeting at morning in the room the Fort Armstrong hotel, of the teams of 150 solicitors engaged the drive for signatures plunged into the final effort of the campaign, determined to bring campaign to conclusion today and tomorrow Chairman Popplewell impressed the workers that Illinois Edward Barrett, desires near possible 100 per cent depositors signed up. The ditor must approve status the agreements before the bank can be reopened. So 4,166 agreements, cluding those received today, have been filed, and Chairman Poppleannounced the task the citizens' depositors' committee per cent completed. There new agreements signed yesterday, and the day's reports represented largest amount deposits involved any day's turns the drive. success of the plan sonably said the chairman, those who earlier in the campaign refused sign agreements filing their acceptances of the plan. The drive final stages, and certain the results will the of the bank's depositors, and confidence the program full payment of their posits. Tonight the chairman will make final appeal from radio station WOC 10-minute the program for reopening the explaining of the plan and effect the depositors Popplewell the week made similar radio address from station WHBF, asking cooperation of depositors putting the program effect. have not yet signed, will their agreements promptly, the State bank reopened said Chairman Popplewell. in signing now holding up reopenthe bank and return to its

3. March 2, 1933 The Dispatch Moline, IL
Article from The Dispatch, March 2, 1933

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Article Text

Rock Island Bank Will Open if 376 More Sign Waivers Rock Island, March K. Popplewell, chairman of the citizens' and depositors' committee engaged in campaign to obtain signatures to depositors' agreements for the reopening of the Rock Island State bank announced today that signatures of 91 percent of the depositors had been secured. This percentage represents 4866 agreements and only 376 more signatures are needed for the required amount to permit reopening of the bank. The campaign to obtain the remaining signatures needed is being carried on vigorously. Famine conditions are reported to prevail in Shensi province of China.

4. March 18, 1933 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, March 18, 1933

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Article Text

MERCHANTS MARK OPENING Meeting Be Held Morning to Make Plans Event Tuesday. meeting of Rock Island special has been called for 10 merchants morning in the hotel by the retail Fort Armstrong of the chamber of combureau make plans for an appromerce, observance of the reopening priate State Bank of Rock Island the Tuesday. of celebration have Several types and these will be been proposed, detail before definite discussed made. Every business plans man Rock Island invited and urged attend. been suggested that the has simultaneously with stores open o'clock Tuesday suggestion has also been ing. that factory whistles be made and church bells rung when blown the bank reopens. The idea the observance will renew the confidence of deand residents this positors in the situation in munity well locally. Mergeneral chants also probably offer in conjunction with the observance.