5245. 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
bb328a20

Response Measures

None

Description

Articles (Feb–Mar 1933) describe a suspended State Bank of Rock Island being the subject of a depositors' campaign to sign agreements to allow reopening. No explicit bank run is described. Reopening plans and a merchants' celebration are reported in March 1933.

Events (3)
1. February 1, 1933* Suspension
Cause Details
Bank had been closed/suspended prior to the campaign; articles do not state explicit cause (mentions depositors' agreements required for reopening).
Newspaper Excerpt
the plan for reopening of the State bank ... solicitors are meeting with the most encouraging ... headquarters are being maintained ...
Source
newspapers
2. February 18, 1933 Other
Newspaper Excerpt
More Than 50 Percent Report at Rock Island Already Favorable. ... agreements ... for reopening of the State plan bank ... 150 solicitors forming teams in the campaign ... signatures ... basis of agreements for reopening the State Bank of Rock Island were made their reports at meeting this morning ... Chairman Popplewell announced ... 4,166 agreements ... have been filed ... the ditor must approve status the agreements before the bank can be reopened.
Source
newspapers
3. March 1, 1933* Reopening
Newspaper Excerpt
MERCHANTS MARK OPENING ... plans for an observance of the reopening ... suggestion that factory whistles be blown and church bells rung when the bank reopens. ... The idea of the observance will renew the confidence of depositors and residents locally.
Source
newspapers

Newspaper Articles (3)
1. February 18, 1933 The Dispatch Moline, IL
Article from The Dispatch, February 18, 1933

Click image to open full size in new tab

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

Click image to open full size in new tab

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

Click image to open full size in new tab

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.