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The $65 Miracle

Two days before Thanksgiving 1931, the Bank of Westerville, Ohio, was short on cash and was shuttered by the state banking superintendent, making it one of 5,000 banks that failed during the Depression. The stark reality of family savings lost, commerce paralyzed and food and clothing in short supply gripped the tiny central Ohio farm community. Five weeks later, town fathers raised an appeal for a new bank: “The Citizens’ Bank. The name is fitting and proper,” they said. “Westerville needs a bank.”  … Back to Article

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