Bank of Syracuse - Syracuse, IN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 13, 1932
Location: Syracuse, Indiana (41.428, -85.752)

Metadata

Model: gpt-5-mini
Short Digest: 45c1b818

Response Measures

None

Description

Article (Detroit Free Press, Feb 14, 1932) lists Hutsonville, Illinois among banks certified as reopened. No run or cause is mentioned. Reopening implies a prior suspension; cause of suspension not stated.

Events (2)

1. February 13, 1932 Reopening

Newspaper Excerpt: Re-openings certified through to the American Banker last week included banks in Johnson City and Hutsonville, Illinois: Warsaw and Syracuse, Indiana: Orapohoe, Nebraska, and Perryville, Kentucky.
Source: newspapers

2. * Suspension

Cause Details: Not specified in the article; only reopening is mentioned, implying an earlier suspension.
Newspaper Excerpt: Re-openings certified through to the American Banker last week included banks in Johnson City and Hutsonville, Illinois
Source: newspapers

Newspaper Articles (1)

1. February 14, 1932 Detroit Free Press Detroit, MI

Article from Detroit Free Press, February 14, 1932

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Article Text

BANK FAILURES AT YEAR'S LOW Only 17 Close, Seven Reopen in Week NEW YORK, Feb. 13-Suspensions of banks in the United States dropped to record low weekly figure for the past 12 months, while reopenings continued favorably, the Banker, daily banking publication issued in New York, reports for the week just passed. Bank closings reported totaled only for the week. Re-openings were seven. No bank closings at were reported on Tuesday Feb which was the first day with no closings since in 1930. Failures since the first of the year, at the close of the week reached 402, the list having been swelled by the addition of 24 January failures, the report of which been delayed by the Illinois banking department. Total estimated deposit liabilities tied up in closings to date this year have been $199,950,000. The total additional closings reported last week affected $20,450,000 in deposits. January closings total 351. In the first 10 working days of February there have been only 51 suspensions. Reopenings certified through to the American Banker last week included banks in Johnson City and Hutsonville, Illinois: Warsaw and Syracuse, Indiana: Orapohoe, Nebraska, and Perryville, Kentucky.