State Bank - Orion, IL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 6, 1933
Location: Orion, Illinois (41.355, -90.382)

Metadata

Model: gpt-5-mini
Short Digest: 75621aaf

Response Measures

None

Description

Article (The Rock Island Argus, 1933-03-28) reports the State Bank of Orion reopening without restrictions after having observed the state and national banking holiday. No run or depositor panic is mentioned; suspension resulted from government-ordered banking holiday.

Events (2)

1. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Observed the state and national banking holiday (banking moratorium declared in March 1933).
Newspaper Excerpt: having been observing state and national banking holiday since March
Source: newspapers

2. March 28, 1933 Reopening

Newspaper Excerpt: State Bank of Orion reopened this morning, without restrictions, having been observing state and national banking holiday since March ... authorizing the institution to resume business this morning.
Source: newspapers

Newspaper Articles (1)

1. March 28, 1933 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, March 28, 1933

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Article Text

REOPENS No Restrictions Henry County Institution Resumes Business This Morning: (Special to The Argus.) Orion, March State Bank of Orion reopened this ing, without restrictions, having been observing state and national banking holiday since March Walker W. Kerr. cashier, receivcommunication from Edward Barrett, auditor of public accounts, at midnight last night, authorizing the institution to sume business this morning. would have reopened some time ago but for the delay sioned getting from the state auditor's office, which has been flooded with work since the state holiday clared,' one of the bank's officials Henry county now has five banks operating. Besides the Orion bank, the two national institutions Geneseo and the state banks at and Osco are open.