Old Bank - Perryville, KY

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: February 4, 1932
Location: Perryville, Kentucky (37.650, -84.950)

Metadata

Model: gpt-5-mini
Short Digest: e700a9cd

Response Measures

None

Description

Article (Kentucky Advocate, 1932-02-04) reports that the Old Bank in Perryville had suspended some months earlier because liquid assets were insufficient and has now reopened at its old stand. No run or depositor panic is mentioned. Cause for the suspension is interpreted as bank-specific liquidity shortfall (bank_specific_adverse_info).

Events (2)

1. February 4, 1932 Reopening

Newspaper Excerpt: The Old Bank at Perryville opened for business at the Old stand this morning.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Temporary insufficiency of liquid assets; bank reduced loan accounts prior to suspension.
Newspaper Excerpt: Some months ago the Old Bank suspended operations because the liquid assets were not sufficient for the time being.
Source: newspapers

Newspaper Articles (1)

1. February 4, 1932 Kentucky Advocate Danville, KY

Article from Kentucky Advocate, February 4, 1932

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Article Text

Perryville's Old Bank Opens for Business The Old Bank at Perryville opened for business at the Old stand this morning. Some months ago the Old Bank suspended operations because the liquid assets were not sufficient for the time being. The Old Bank, however, was as solid as the Rock of Gibraltar and reduced its loan accounts and opened up as usual. During these depressing times hundreds and hundreds of banks in the nation have had similar experiences but without losses to anybody.