Industrial State Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: January 21, 1933
Location: Wichita, Kansas (37.692, -97.338)

Metadata

Model: gpt-5-mini
Short Digest: 3adbf5d0

Response Measures

Full suspension

Other: Directors decided to close bank for the day after heavy withdrawals.

Description

Article (The Hutchinson News, 1933-01-23) reports the Industrial State Bank of Wichita failed open today after Heavy Saturday, implying heavy withdrawals (a run) over the prior Saturday that prompted directors to close the bank. No reopening or receivership is mentioned in the article, so I classify as run -> suspension -> closure.

Events (2)

1. January 21, 1933 Run

Cause: Bank Specific Adverse Info
Cause Details: Heavy withdrawals on the preceding Saturday at the bank (reported as Heavy Saturday), precipitating crisis
Measures: Directors decided to close the bank (led to failure to open next business day)
Newspaper Excerpt: the Heavy Saturday
Source: newspapers

2. January 23, 1933 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors closed the bank following heavy withdrawals; bank did not open for business on Jan. 23, 1933 (deposits totaled $107,000).
Newspaper Excerpt: WICHITA BANK FAILED OPEN TODAY ... The Industrial State bank here not for business today order directors decided night the closing would
Source: newspapers

Newspaper Articles (1)

1. January 23, 1933 The Hutchinson News Hutchinson, KS

Article from The Hutchinson News, January 23, 1933

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Article Text

WICHITA BANK FAILED OPEN TODAY Wichita Jan. The dustrial State bank here not for business today order directors deelded night the closing would the Interthe Heavy Saturday given the directors reason closing Deposits totalled $107,000. St. house, down here