South Bend National Bank - South Bend, IN

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: national
Bank ID: 1739
Charter Number: 1739
Start Date: February 23, 1933
Location: South Bend, Indiana (41.683, -86.250)

Metadata

Model: gpt-5-mini
Short Digest: 2685cd88

Response Measures

Full suspension

Other: Moratorium (temporary suspension) declared by the bank in response to heavy withdrawals tied to Michigan bank holiday.

Description

OCR-corrected text: this Feb 23, 1933 article reports heavy withdrawals that prompted the South Bend National Bank to declare a temporary moratorium (suspension) on withdrawals. The withdrawals were driven by transfers following the Michigan bank holiday. No article text here states the bank later reopened or was closed permanently, so outcome is unsure.

Events (3)

1. November 29, 1870 Chartered

Source: historical_nic

2. February 23, 1933 Run

Cause: Local Banks
Cause Details: Heavy withdrawals and account transfers by large firms and stores prompted by the Michigan bank holiday and resulting loss of confidence.
Measures: Led bank officials to declare a temporary moratorium (suspension) on withdrawals.
Newspaper Excerpt: The action followed heavy withdrawals ... which transferred their accounts as the result of the Michigan bank holiday.
Source: newspapers

3. February 23, 1933 Suspension

Cause: Government Action
Cause Details: Suspension (temporary moratorium) declared after heavy withdrawals driven by the Michigan bank holiday.
Newspaper Excerpt: South Bend's biggest bank today declared a moratorium on withdrawals. 'The temporary moratorium is purely defensive measure,' bank officials explained.
Source: newspapers

Newspaper Articles (1)

1. February 23, 1933 Journal and Courier Lafayette, IN

Article from Journal and Courier, February 23, 1933

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Article Text

Moratorium by Bank BEND, Ind., Feb. SOUTH National and bank, Bend's biggest bank, today South moratorium on withdeclared of drawals. The action followed heavy withespecially chain large firms, stores, which transferred their counts as the result of the Michigan bank holiday. "The temporary moratorium is purely defensive measure," bank officials explained.