State Bank - Valparaiso, IN

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 1, 1932*
Location: Valparaiso, Indiana (41.473, -87.061)

Metadata

Model: gpt-5-mini
Short Digest: 121d1771

Response Measures

None

Description

OCR errors in the article; it describes that two of Valparaiso's three banks had suspended earlier in the year and that the State Bank is 'nearing reopening' and resuming operations. No explicit discrete depositor 'run' on the State Bank is described; situation is presented as part of the wider banking collapse (1932). Dates not precisely given in text beyond the newspaper date.

Events (2)

1. May 1, 1932* Suspension

Cause: Macro News
Cause Details: Part of the wider banking collapse earlier in the year (Great Depression banking failures) that caused two of the city's three banks to suspend
Newspaper Excerpt: With of the city's three banks susp[ended], the remaining institution pended... Valparaiso, one the communities hard hit by the banking collapse the first part the year
Source: newspapers

2. May 17, 1932 Reopening

Newspaper Excerpt: State Bank nearing of the operatreopening assurance through with and dealings with dominated by the them they consequence, have no real respect opinion... officials of Bank, have guided safely through the confident that the support depositors ... insures sucoperation. State Bank nearing reopening of the operations assurance ...brought out of hoarding ... placed in circulation, indicates that banking returning.
Source: newspapers

Newspaper Articles (1)

1. May 17, 1932 Vidette-Messenger of Porter County Valparaiso, IN

Article from Vidette-Messenger of Porter County, May 17, 1932

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Article Text

authorsuspensions released depositors, That the nation's banking situagreatly diested by the last month twelve Institutions were able to reclosed. the norbanking facilities will go far general confidence, lessen business distress and stimulate forces working toward roeovery admitted. Valparaiso, one the communities hard hit by the banking collapse the first part the year, reacting encouragingly. With of the city's three banks susthe remaining institution pended, over hundred new accounts. the people the not lost confidence banking and that they appreciate While true that banks now are operating on very careful basis, holding credit extensions to minimum, they are pervaluable and necessary services. Complete restitution banking operations awaits decision on the those having funds, that stitutions now operating, are $200,been "brought" out of hoarding, the two months and placed in circulation, indicates that banking returning. However, as bankers are required to prepared to meet heavy prompted by fear uncertainty, they will have carry huge cash balances. For instance, Valparaiso's going bank. in statement, listed cash serves at $140,000. They are known much higher at this time. While this may bolster confidence strangles normal operations banking service is dependant upon funds to be not funds held for liquidity. That Valparaiso the making best of its financial situation factor ment. Officials of Bank, have guided safely through the confident that the support depositors and the general insures sucoperation. State Bank nearing of the operatreopening assurance through with and dealings with dominated by the them they consequence, have no real respect opinion pretty French returned to Paris after States. "Bathtubs can't mean culture and skyscrapers don't prove anything the status civilization," said Mademoiselle Fournier. "What have we to learn from culture of males who let the rule them? would prefer to the Orient where subjugated, but happy. American girl nothlove and just out who can earn plendollars for her, also wash the dishes every night after dinner the baby to French saying was fault Another argued that the Amertoward women was the fact that Colonial they shared all the hardships the and well earned be respected and even ended declaring that there men left the the much better