Dime Savings & Trust Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: trust
Start Date: February 23, 1933
Location: Fort Wayne, Indiana (41.131, -85.129)

Metadata

Model: gpt-5-mini
Short Digest: c09434cf4e514ae6

Response Measures

None

Description

Article (Feb 23, 1933) reports the Dime Savings and Trust Company restricting withdrawals (5% per month) and enforcing the 60-day notice on savings/certificates but stating it will continue business as usual. No run or closure reported. Cause appears tied to local banking actions (other Fort Wayne banks, e.g., First National, adopting similar restrictions) during the 1933 banking disturbances.

Events (1)

1. February 23, 1933 Suspension

Cause: Local Banks
Cause Details: Following actions by other local banks (the old First National began enforcing the sixty-day rule), the Dime Savings & Trust restricted checking withdrawals to 5% per month and enforced 60-day notice on savings/certificates as a precautionary liquidity measure at the height of the 1933 banking disturbances in the region (no insolvency alleged).
Newspaper Excerpt: Officers of the Dime Savings and Trust Company, Ft. Wayne, one of the smaller financial institutions here, announced today that withdrawals on checking accounts will be restricted to 5 per cent a month temporarily. The bank also is enforcing the sixty-day notice on withdrawal of savings and certificates of deposits. It will continue business as usual.
Source: newspapers

Newspaper Articles (1)

1. February 23, 1933 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, February 23, 1933

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Article Text

WITHDRAWALS BY CHECK HELD DOWN BY BANK Business as Usual Will Be Order in Ft. Wayne Institution. By United Press FT. WAYNE, Ind., Feb. 23.-Officers of the Dime Savings and Trust Company, Ft. Wayne, one of the smaller financial institutions here, announced today that withdrawals on checking accounts will be restricted to 5 per cent a month temporarily. Z The bank also is enforcing the sixty-day notice on withdrawal of savings and certificates of deposits. It will continue business as usual. The old First National bank, one of the largest financial institutions in Ft. Wayne, started enforcing the sixty-day rule Monday, but has