Commercial Bank - Crown Point, IN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 6, 1933
Location: Crown Point, Indiana (41.417, -87.365)

Metadata

Model: gpt-5-mini
Short Digest: 0117bf26

Response Measures

None

Description

Article (dated 1933-03-06) states the Commercial Bank, Crown Point, was closed for President Roosevelt's national banking holiday (banking moratorium). No run or failure is mentioned; closure appears to be the federal/state-imposed holiday (government action) and therefore interpreted as a temporary suspension likely to reopen. Reopening is not explicitly reported in this article.

Events (1)

1. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Closed because of President Roosevelt's national banking holiday / banking moratorium (March 1933).
Newspaper Excerpt: the cashier of the Commercial Bank Crown Point which was closed today of President Roosevelt's national banking holiday.
Source: newspapers

Newspaper Articles (1)

1. March 6, 1933 The Times Hammond, IN

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Article Text

WILL DISCUSS NEW RELIEF SETUP TODAY [SPECIAL THE TIMES) CROWN POINT. Ind., for the North township cities of Indiana and Whiting will discussed this afternoon by Trustee Myrtle Meara and Virgli Sheppard, director poor relief for Lake county. Peter Hein, of commission, Mr. Sheppard to Hammond for his conMrs. Meara. Sheppard Hein conferred with Mary Wells, of Calulast tentative set-up for to poor relief for the county, recently the ReFinance already has received $278,000 This money deposited the First National Bank, of Chicago. said will available needed, the banking moratorium. Another payment $308,000 the last for March and April poor relief Lake county. Conbalance of the original Mr. Hein devote his time this week the task perfecting definite program. He cashier of the Commercial Bank Crown Point which was closed today of President Roosevelt's national banking holiday.