Jf Wild & Company Bank (Indianapolis, IN)

Episode Information

Episode UID
374081591532
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
37408159 hash
Start Date
August 2, 1927
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b776450df7e914ef

Response Measures

None

Description

Receivership and liquidation followed court action in Aug 1927; no contemporaneous run described.

Events (2)
1. August 2, 1927 Receivership
Newspaper Excerpt
Decision that the State shall continue its audit of the closed J. F. Wild & Co. Bank ... Iglehart ... was named receiver by Probate Judge Mahlon E. Bash late Monday on petition of Symons.
Source
newspapers
2. August 8, 1927 Suspension
Cause
Government Action
Cause Details
Placed in receivership by probate court on petition of State Bank Commissioner; state audit and receiver appointed.
Newspaper Excerpt
The Wild bank receivership started August 8, 1927.
Source
newspapers

Newspaper Articles (5)
1. August 2, 1927 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, August 2, 1927

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Article Text

# AUDITING WILD BANK State Goes on With Receiver's Representatives. Decision that the State shall continue its audit of the closed J. F. Wild & Co. Bank with representatives of Receiver E. H. Iglehart present was reached today at a conference of Iglehart, State Bank Commissioner Luther Symons and Thomas D. Barr, assistant commissioner. Iglehart, an attorney with offices in the Fletcher Savings and Trust Bldg., will determine further steps in liquidation of the bank assets when the audit has been completed. He was named receiver by Probate Judge Mahlon E. Bash late Monday on petition of Symons. He named Walter Myers and Donald F. Smith to act as receiver's attorney.

2. January 16, 1928 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, January 16, 1928

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Article Text

# Shock of Seeing Escort Killed Leads to Death Woman Never Recovered From Nervous Strain After Haag Murder. Shock, resulting from witnessing the murder of Wilkins Haag, Indianapolis capitalist, with whom she was lunching, Sept. 17, 1926, was the chief cause of the death of Miss Jessie Murphy, 30, of 1117 E. Market St., relatives said today. Miss Murphy died Sunday at St. Vincent's Hospital after a long illness. She never had recovered from the nervous strain of having seen two bandits shoot down her escort in cold blood in an attempt to steal his $3,000 diamond ring at the Green Mill Barbecue in E. Thirty-Eighth St. Funeral services will be held at 8:30 a. m. from the home followed by rites at 9 a. m. at St. Joseph's Church. Miss Murphy was born in Indianapolis and had lived here all her life. She was graduated from Holy Cross grade school and St. John's academy. She was a member of St. Joseph's church. She was employed as an accountant and bookkeeper by the J. F. Wild & Co. bank receivers. Surviving her are her parents, Mr. and Mrs. Frank M. Murphy, and two brothers, Joseph E. Murphy, Indianapolis, and Raymond F. Murphy, Cincinnati, Ohio. Two men sought in the murder case have evaded arrest by Marion County authorities so far. They were held on other charges by Chicago officials and extradition to Indiana was blocked. Second extradition papers were obtained about three weeks ago, but it was found that one of the men had jumped his Chicago bond and the other was being held on a theft charge. Miss Jessie Murphy Baby Show Planned By Times Special MARION, Ind., Jan. 16.-A baby show will be one of the features of the Home Complete Exposition to be held here Feb. 1-4 under auspices of the Marion American Legion.

3. February 27, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, February 27, 1929

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Article Text

OPEN HEARING IN WILD BANK RECEIVER CASE Mismanagement Complaint Against R. L. Lowther Sifted. Hearing on making permanent appointment of Robert L. Adams as receiver for the J. F. Wild Realty Company was started today before Federal Judge Robert C. Baltzell. Adams was made temporary receiver several days ago on complaint of Mrs. Frieda P. Harrington, Evanston, Ill., a preferred stockholder, that Richard L. Lowther, serving as receiver, under Marion probate court, for both the realty company and the J. F. Wild & Co. Bank, of which the realty company was a subsidiary, was handling the realty company affairs for benefit of the bank instead of for the realty company. Offer of W. H. Thompson, Lowther's attorney, to have Charles Martindale, attorney for Mrs. Harrington, named attorney for Lowther as receiver, or for the present three directors to resign in favor of three disinterested directors, was rejected by Martindale. Two witnesses were called this morning before court recessed until 2 p. m., Dwight Posten, Attica, Ind., and James M. Waugh, Crawfordsville, both stockholders. Waugh testified Lowther told him the realty company was indebted to the bank in the sum of $181,000, representing an advance made by the bank, and suggested that preferred stockholders permit all stock to be made common stock SO they might all have a voice in operation of the company. It was testified Lowther, as bank receiver, holds all present common stock in the realty company. The realty company was formed by the bank to finance construction and operation of the bank building, the bank contracting to pay all interest and other costs, and to retire the realty company's preferred stock.

4. March 2, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, March 2, 1929

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Article Text

WILD RECEIVER HEARING HELD Expect Ruling Soon From Judge Baltzell. Oral arguments in the complaint of Mrs. Frieda P. Harrington, Evanston. Ill. for removal of Richard L. Lowther as probate court receiver for the J. F. Wild Realty Company and appointment of permanent federal court receiver, Friday were heard by Federal Judge Robert Baltzell Robert L. Adams, attorney, was named temporary federal court receievr several days ago, and the arguments today were on the question of making him permanent receiver. The complaint charged Lowther, who also probate court receiver for the J. F. Wild & Co. Bank, was handling realty company affairs for benefit of the bank to detriment of realty company stockholders Charles Martindale attorney for Mrs. Harrington, asserted Lowther as receiver for the realty company. could not consistently sue himself as bank receiver, in pushing the realty company's claims against the bank in connection with lease to the bank of the Wild Bank buildHe also held that the realty company directors have no legal status because no consideration was given for common stock shares issued in their names. Will H. Thompson, Lowther's attorney, argued that the federal court order naming Adams and empowering him to take possession of realty company assets invaded jurisdiction of the probate court. A ruling in the case is expected soon.

5. March 7, 1934 The Indianapolis News Indianapolis, IN

Article Text

QUICK LIQUIDATION AIDED DEPOSITORS But Recovery of Part of Assets of Wild Bank No Solvency Proof, Opinion. RECEIVER REVIEWS CRASH Value of Remaining Assets Depends Largely on Future Business Conditions. This is the sixth of a series of articles reviewing the condition of closed banks of Indianapolis with a view to providing depositors with information on the present status of these defunct institutions. The fact that Richard L. Lowther, receiver, has effected a 65 per cent. distribution to general creditors of the J. F. Wild & Co. Bank, with promise of more, is the subject of probably as many erroneous comments as was the failure of the bank. This receivership record, more favorable than that of any other Indianapolis bank receiver in the period, is sometimes cited as a "proof" that the Wild bank should not have been closed. The Wild bank receivership started August 8, 1927. Forty-five per cent. of its depositor liabilities were discharged within the year. Immediate liquidation of assets at a time when conditions were more nearly normal than at any time since made this liquidation possible.