South Chicago Savings Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: savings bank
Start Date: March 29, 1933
Location: Chicago, Illinois (41.850, -87.650)

Metadata

Model: gpt-5-mini
Short Digest: 82901c72

Response Measures

None

Description

Article (Chicago Tribune, 1933-03-29) lists the State Bank & Trust Company among state banks expected to resume operations. No mention of a depositor run; this is part of the 1933 bank closures/reopenings (government-ordered/state-supervised holiday). OCR in the excerpt is noisy and references Chicago area banks; the Downers Grove bank is named in the supplied prompt. Classified as suspension followed by reopening due to state actions.

Events (2)

1. March 29, 1933 Reopening

Newspaper Excerpt: The banks expected to resume today. This brings the total banks to 336 total 704. The list follows: State Bank and Trust ... (listed among banks expected to resume).
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Closed as part of state-ordered bank holiday/inspections during the 1933 banking crisis; listed among banks expected to resume operations.
Newspaper Excerpt: Other Banks to Reopen. State Auditor Edward Barrett last night issued reopen state Only one, the State Bank Trust company Chicago. is in the Chicago area. The banks expected to resume today.
Source: newspapers

Newspaper Articles (1)

1. March 29, 1933 Chicago Tribune Chicago, IL

Article from Chicago Tribune, March 29, 1933

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Article Text

Stock Yards Due to Reopen BY THOMAS FURLONG. The Stock Yards Bank and Trust company, largest bank in Chicago outside the loop, will reopen with new capital national institution before the end of the week, it was reliably reported yesterday. Reopening of the 17 million dollar bank will enable number of downstate banks, which carry their balances with the institution, to resume business simultaneously. Official announcement of the admission of the bank to the national sys. expected the next day The bank serves the stockyards trict and located at 4150 Halsted street. The bank was formed last January the merger the Stock Yards National bank the Stock Yards Trust and Savings bank. Deposits the were just short of million dollars. Plan Changes in Personnel. Plans reopening the bank clude only the substantial new also changes personnel and other adjustments, was stated. Among the present directors the bank are Prince, and Plans for the reopening of another important Chicago bank, The South Chicago Savings bank, also nearing completion, The bank raised nearly the capital necessary for sumption normal business. The bank located in South Chicago steel E. former the United director. the close 1932 of slightly more than million Other Banks to Reopen. State Auditor Edward Barrett last night issued reopen state Only one, the State Bank Trust company Chicago. is in the Chicago area. The banks expected to resume today. This brings the total banks to 336 total 704. The list follows: State Bank and Trust State Bank State bank. State Bank of State Bank Alto Bank of Holles and State Bank of O'Fallon.