St Joseph County Savings Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: February 18, 1933
Location: South Bend, Indiana (41.683, -86.250)

Metadata

Model: gpt-5-mini
Short Digest: cfd83b7d

Response Measures

Full suspension

Other: Closed their doors (suspension/closure) due to runs precipitated by Michigan bank holiday.

Description

Newspaper reports that the St. Joseph County Savings Bank 'closed their doors' Feb 18, 1933 after runs precipitated by the Michigan bank holiday. Article does not mention reopening or receivership; classification as permanent closure is based on wording 'closed their doors' and contemporaneous context (widespread bank closings in Feb 1933).

Events (2)

1. February 18, 1933 Run

Cause: Macro News
Cause Details: Withdrawals triggered by panic following the Michigan bank holiday (spillover panic from neighboring-state bank holiday).
Newspaper Excerpt: Two large South Bend banks closed their doors today, largely as the result of runs precipitated by the Michigan Bank holiday.
Source: newspapers

2. February 18, 1933 Suspension

Cause: Macro News
Cause Details: Closed because of runs precipitated by the Michigan bank holiday; suspension/closure of payments followed the run-induced liquidity drain.
Newspaper Excerpt: Two large South Bend banks closed their doors today ... The closed institutions were ... the St. Joseph County Savings Bank, a $2,000,000 institution.
Source: newspapers

Newspaper Articles (1)

1. February 18, 1933 The Washington Times Washington, DC

Article from The Washington Times, February 18, 1933

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Article Text

2 South Bend Banks Close, Due to Runs SOUTH BEND, Ind.. Feb. 18 (I.N.S.) .Two large South Bend banks closed their doors today, largely as the result of runs precipitated by the Michigan Bank holiday. Three other banks in the city were not affected. The closed institutions were the St. Joseph County Loan and Trust Company with deposits of approximately $7,000,000 and the St, Joseph County Savings Bank, a $2,000,000 institution.