Maple Road State Bank (Indianapolis, IN)

Episode Information

Episode UID
5978084391572
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
597808439 hash
Start Date
December 30, 1930
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
94f58906c52fbac5

Response Measures

None

Description

Bank closed December 1930 after depositor run; later placed in receivership and paid dividends to depositors.

Events (3)
1. December 30, 1930 Run
Cause
Local Banks
Cause Details
Closure and run occurred a few hours after Citizens State Bank was closed by the state banking department, spurring withdrawals.
Measures
Directors closed doors Tuesday afternoon to stem run and conserve assets.
Newspaper Excerpt
directors of the institution having closed its doors Tuesday afternoon to stem a run and conserve its assets.
Source
newspapers
2. December 31, 1930 Suspension
Cause
Government Action
Cause Details
State banking department took control of the bank after directors closed doors to stem the run.
Newspaper Excerpt
Affairs of the Maple Road State bank ... were in the hands of the state banking department today, directors ... having closed its doors Tuesday afternoon
Source
newspapers
3. * Receivership
Newspaper Excerpt
A 2 per cent dividend was paid this week by Maple-rd State Bank, E. Kirk McKinney, receiver, said. The amount paid was $1534 and brings the total dividend payment up to 392 per cent.
Source
newspapers

Newspaper Articles (5)
1. December 30, 1930 The St. Louis Star and Times St. Louis, MO
Article from The St. Louis Star and Times, December 30, 1930

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Article Text

TWO LARGE BANKS CLOSE DOORS AT INDIANAPOLIS Dec. The Maple Road State Bank institution closed afternoon being the Indianapolis bank suspend today The Citizens Bank with nearly deposits closed doors noon Mississippi Banks Close MISS Dec to Denotice the front doors of two the largest banks Clarksdale today lowing They Planters National Bank Planters Trust and Savings Bank, an affiliated banks also were Mississippi closed today Maj. Franco In Belgium scraps of Maj. Ramon Franco, air who fled from his native land cently attempt arrived here today in search of

2. December 31, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, December 31, 1930

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Article Text

STATE CONTROLS BANK Maple R d Institution Is in Hands of Indiana Department. Affairs of the Maple Road State bank, 3817 North Illinois street, were in the hands of the state banking department today, directors of the institution having closed its doors Tuesday afternoon to stem a run and conserve its assets. The bank's closing came a few hours after the Citizens State bank, 2602 West Michigan street, was closed by the banking department for the same reasons. The Maple Road State bank was capitalized at $25,000; had loans of $180,000, deposits of $180,000, and surplus of $10,000. K. T. Brock is president and L. V. Wright, cashier. J. W. Pullen, president of the Citizens State bank, is vice-president of the Maple Road bank.

3. May 15, 1931 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, May 15, 1931

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Article Text

Lying on the garage floor near the exhaust of his car, which was running, John Pullen, 50, of 418 Buckingham drive, former official of two state banks which closed in December, attempted to take his life today. Following first aid treatment at his home, Pullen was rushed to city hospital where he received oxygen treatments. Later he was removed to the Methodist hospital. His condition was reported as "fair" by physician. Pullen had gone to the garage at 5 a. m. His brother-in-law, William Guynn, 52, of the same address, found him at 7:30. Pullen lay with his head at the end of the exhaust. He had covered his head with an overcoat, which, police said, possibly prevented his death. Pullen was president of the Citizens State bank, 2600 West Michigan street, and vice-president of the Maple Road State bank, Thirtyeighth and Illinois streets. The west side institution closed the morning of Dec. 30 and in the afternoon the Maple road bank was closed. Recently, according to Mrs. Gertrude Pullen, his wife, Pullen has been in ill health. He returned from Martinsville Sunday. First aid was administered Pullen

4. May 4, 1934 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, May 4, 1934

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Article Text

PARTY HARMONY TO AID KERN IN MAYORAL RACE Judge Starts Windup of Long, Vigorous Speaking Campaign. Judge John W. Kern, Democratic mayor candidate, today began the windup of a long and vigorous speaking campaign he has carried on during the last month in every section of Indianapolis. Drafted to make the race for mayor, Judge Kern is known to carry almost perfect organized party support. In spite of this fact, he states he has carried on this intensive speaking campaign for the purpose of acquainting citizens in every section of the city with the true facts of who he is and why he is running for the office. Decided upon several weeks ago by leaders as the man to carry the party banner, and reunite the insurgent factions, Judge Kern reluctantly withdrew as a candidate for re-nomination and election to the judgship of superior court, room one. During the last three years, Judge Kern has established an enviable record in that court, finishing second among the five superior judges in number of cases disposed of in 1931 and leading the group in number of cases disposed of in 1932 and 1933. Proud of Bank Record He points with pride to the fact that in the bank receiverships, he has handled the Belmont State bank and paid 18 per cent dividend, with a possible 7 per cent more to come, and the Maple Road bank has paid 35 cents on the dollar to depositors. The Virginia Avenue State bank paid 40 cents on the dollar, and within the last week Judge Kern ordered an initial 30 per cent dividend paid to Aetna Trust Company depositors. Judge Kern is proudest, however. of being able to bring about reorganization of the Trustees System bank and said if nothing hap-

5. December 23, 1935 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, December 23, 1935

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Article Text

3 DEFUNCT CITY BANKS DECLARE YULE DIVIDENDS $141,000 Is Distributed to Depositors in Time for Christmas. Depositors of three defunct Indianapolis banks have received Christmas presents of dividends in excess of $141,000, it was announced today by the receivers. The City Trust Co. declared a 5 per cent dividend amounting to $80,000 last Saturday, Oren S. Hack, receiver, said. A similar dividend payment was made in October, 1934. The Aetna Trust & Savings Co., declared a 7½ per cent dividend amounting to $60,000 last month, officials said. A 2 per cent dividend was paid this week by Maple-rd State Bank, E. Kirk McKinney, receiver, said. The amount paid was $1534 and brings the total dividend payment up to 39½ per cent. Litigation prohibits the. Washington State Savings & Trust Co., Farmers Trust Co. and Meyer-Kiser Bank from declaring dividends at this time, receivers said. Receivers for the J. F. Wild & Co. State Bank and State Savings & Trust saw no prospect of dividend payments, and the Belmont State Bank anticipates a dividend payment soon after the holidays.