7250. Kevil Bank (Kevil, KY)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 1, 1933
Location
Kevil, Kentucky (37.085, -88.887)

Metadata

Model
gpt-5-mini
Short Digest
6637eb7a

Response Measures

None

Description

Kevil Bank closed only for the state bank holiday proclaimed by Governor Ruby (Ruby?) Laffoon on 1933-03-01 and was reported to reopen the next day. No run on the bank is described in the articles; closure is government-ordered and temporary.

Events (1)
1. March 1, 1933 Suspension
Cause
Government Action
Cause Details
Closed in observance (or response) to Governor Laffoon's four-day bank holiday proclamation; reported closed only for the day and to reopen the following morning.
Newspaper Excerpt
KEVIL. Ky., March Kevil Bank was closed today but will reopen for business according R. Haley, the cashier.
Source
newspapers

Newspaper Articles (3)
1. March 1, 1933 The Paducah Sun Paducah, KY
Article from The Paducah Sun, March 1, 1933

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Article Text

Rudy, Reeves Oppose Closing Orders PADUCAH'S Gardner Refuses To Close Mayfield Banks West Kentucky banks, confident financial conditions affect them normal, today were firmly opposed to following Governor Laffoon's "bank holiday" tion, and business the banks was carried on usual. From all sections of the district statements from bankers that they do not believe conditions warrant the closing of banks for "holiday" and that their institutions will remain open unless the public forces other action by unreasonable withdrawals. Incensed at Action The heads of the bankinstitutions declared that they could not agree with Governor and were incensed at his action in issuing the proclamation ordering the four-day "holiday." Only one bank in all of western Kentucky took notice of the proclamation, and that one institution, the Kevil bank, was closed only today and announced that it will be open for business as usual Thursday morning. A statement by Richard Rudy, president of the Citizens Savings bank of Paducah, expressed the attitude of all the bankers of the district. do not feel that the situation calls for the tion taken by Governor Laffoon, Mr. Rudy said. bank's financial condition is sound, so there is no reason that we should close. We do not wish to take any action that would curtail business, which would result if the 'holiday' suggestion was followed, and, therefore, it is our intention to continue business as usual. think the public should appreciate such Continued on Page 7)

2. March 1, 1933 The Paducah Sun Paducah, KY
Article from The Paducah Sun, March 1, 1933

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Article Text

Banks West Kentucky Stay Open Business Goes On As Usual In Purchase March of the banks of MAYFIELD, Ky., Graves and Hickman counties will be closed during the four-day "bank holiday" proclaimed by Governor Laffoon, according to Ed Gardner, president of the First National Bank of Mayfield and one of the prominent bankers of this district. "The banks of Mayfield are in good condition and there is no reason why they should be closed," Mr. Gardner said. "We will continue to do business as usual." PRINCETON BANKS OPEN PRINCETON, Ky., March First National Bank Princeton will not observe the state bank holiday according to statement from its president, R.M. Pool. Ray Baker, president, also announced that the Farmers National would remain open. BARDWELL Ky., March Bardwell Depositors Bank will main open for business as usual," officials said this morning, "unless, of course, the depositors start sudden run on the bank." WICKLIFFE, Ky., March Bank of Wickliffe will not take advantage of the "bank holiday" ordered by Governor Laffoon and reopened for business as usual today, was announced by Trimble, president. Ky., March Marion Farmers Bank and Trust Company will not be affected by Governor' Laffoon's bank proclamation. and will remain open, according to Franklin, the president. FULTON. Ky. March conduct business as usual, no limit on withdrawals this Morris, of the City National Bank of Fulton, announced this morning. CENTER. Ky., March Lovelace, cashier of the bank Center said that their bank would stay open through the holiday. HOPKINSVILLE Ky., March W. Tandy, president of the First City Bank said that his remain open today, and no doubt throughout the entire bank holiday. EDDYVILLE, Ky., March M. Smith, president of the First State Bank, said his bank would not close during the band holiday. He also said the Citizens Bank at Kuttawa would remain open. Ky., March Street, president of the Trigg County Farmers Bank, said his bank would not close during the holiday. MURRAY, Ky., March -George Hart, president of the Bank Murray, said his bank would be open for business during the holiday. ASHLAND, March The Second and Third National Banks here are not observing the holiday proclamation by Governor Ruby Laffoon today, but nounced they would restrict withdrawals until further notice to five per cent of deposits of February 28. similar policy has been adopted by the banks in Catlettsburg, Russell and Greenup. HOPKINSVILLE Ky., March H. Eckles, of the Planters Bank and Trust Company, said his bank would remain open throughout the holiday. KEVIL. Ky., March Kevil Bank was closed today but will reopen for business according R. Haley, the cashier. Officials of the bank had not decided this morning whether limit withdrawals would fixed. HICKMAN Ky. March Citizens Bank Hickman will remain open "in full" during the "bank holiday,' it was announced yJ. A. Whipple, president. Ky. March 1-Officials of the Bank of Clinton said this morning they "see no reason why the bank should be closed, so will remain open." BENTON, Ky., March the Bank of Marshall county, of which Joe Price president, and the Bank of Benton, of which D. Peterson president, will remain open usual according to statements from the presidents.

3. March 1, 1933 The Paducah Sun Paducah, KY
Article from The Paducah Sun, March 1, 1933

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Article Text

Officials Say Bank Holiday Not Necessary Purchase Incensed at Action of Governor; Declare Situation Normal Except For a Small Area In Northern Kentucky Only one bank in all West Kentucky today was affected by Governor Laffoon's "bank holiday" proclamation, and that one institution, the Kevil bank, was closed for only today and will reopen Thursday morning as usual. "Business as usual, unless the other action," apparently was the slogan this morning of all the bankers of the First District, who declared they could not understand Governor Laffoon's reasons for claring the "holiday." From all the bankers came expressions of confidence in their institutions and in the willingness of the public to cooperate so that no harm could result from this situation. Purchase bank officials were incensed by the action of Governor Laffoon, saying the bank holiday was not necessary for Kentucky. They declared the banking situation was normal except for a small area in Kentucky near Cincinnati, where some trouble was experienced because of the Ohio situation. Paducah's two banks will not take part in the four-day "bank holiday" declared by Governor Laffoon and will remain open for business as usual, officials of the institutions announced this morning. "We can see no reason why our bank should be closed," said Richard Rudy, president of the Citizens Savings Bank. "We will not take advantage of this proclamation issued by Governor Laffoon unless the attitude of the public forces us to do so. Therefore our institution will remain open for business as usual." "My opinion is the same as that expressed by Mr. Rudy," Robert L. Reeves, president of the Peoples National Bank, declared. "The Paducah banks are in sound financial condition, and therefore have no desire to suspend business. The Peoples National Bank will not close unless the public forces us to do The cooperation of the public so that the ordinary business of the banks can be carried on without a halt was asked by both the officials, who pointed out that the Paducah banks are in no danger unless the depositors withdraw their funds entirely without reason. Both the Citizens Savings Bank and the Peoples National Bank easily weathered the "run" which followed the closing of the City National Bank in October, 1931, and emerged with the confidence of the public in their financial soundness. All pay checks issued today by the Illinois Central to employees will be cashed immediately, Mr. Rudy and Mr. Reeves said.