6301. St Joe Valley Bank (St Joe, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 7, 1933
Location
St Joe, Indiana (41.315, -84.901)

Metadata

Model
gpt-5-mini
Short Digest
5a176329

Response Measures

None

Description

Articles (Aug 7 and Sep 11, 1933) report the St. Joe Valley Bank suspended and the state appointing a liquidator/receiver. OCR errors in names: Article 1 names Frank M. Brandon as liquidator; Article 2 names Frank R. Bowman as receiver — likely related appointments/records and OCR confusion of Brandon/Bowman. Evidence shows state action and liquidation rather than a depositor run.

Events (3)
1. August 7, 1933 Other
Newspaper Excerpt
F. M. BRANDON NAMED LIQUIDATE BANKS...appointed and has qualified by posting bond to liquidate the St. Valley bank of St. Joe...appointment was made by state department financial institutions at Indianapolis. Walter D. Stump of Auburn, selected attorney by the same deand Mr. Brandon. The state may any bank to business if found Mr. Brandon is well qualified for the position which he has been appointed. ... Seven years ago went to Niles, to become president of national bank. Before ing appointed bank examiner assistant cashier of the Auburn State bank for number of ...The Hudson bank was closed in June this year, the St. Joe Valley bank suspended few days ago after operating under tions since the banking holiday last March and the Ashley bank has been closed for two years. Notices that the state had taken the banks were filed in the DeKalb circuit court and upon the officers of the banks. Those have the right to apply to the circourt within days for injunction against the state. The state may any bank to business if found Frank R. Bowman has succeeded St. Joe Valley bank as receiver in real estate mortgage case...he qualified by filing $500 bond in the DeKalb circourt, with W. Johnson as surety. (From separate item, Garrett Clipper, 1933-09-11.)
Source
newspapers
2. August 7, 1933 Suspension
Cause
Government Action
Cause Details
State department of financial institutions took action; bank suspended and state filed notices in DeKalb circuit court; state appointed a liquidator/receiver to liquidate the bank and others.
Newspaper Excerpt
the St. Joe Valley bank suspended few days ago after operating under tions since the banking holiday last March
Source
newspapers
3. September 11, 1933 Receivership
Newspaper Excerpt
Frank R. Bowman has succeeded St. Joe Valley bank as receiver...he qualified by filing $500 bond in the DeKalb circourt, with W. Johnson as surety.
Source
newspapers

Newspaper Articles (2)
1. August 7, 1933 Garrett Clipper Garrett, IN
Article from Garrett Clipper, August 7, 1933

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Article Text

F. M. BRANDON NAMED LIQUIDATE BANKS Frank M. Brandon of Auburn, has been appointed and has qualified by posting bond to liquidate the St. Valley bank of St. Joe, Ashley State bank at Ashley and the FarmState bank of Hudson, Ind. Mr. Brandon's appointment was made by state department financial institutions at Indianapolis. Walter D. Stump of Auburn, selected attorney by the same deand Mr. Brandon. The Hudson bank was closed in June this year, the St. Joe Valley bank suspended few days ago after operating under tions since the banking holiday last March and the Ashley bank has been closed for two years. Notices that the state had taken the banks were filed in the DoKalb circuit court and upon the officers of the banks. Those have the right to apply to the circourt within days for injunction against the state. The state may any bank to business if found Mr. Brandon is well qualified for the position which he has been appointed. He served under three state banking commissioners as bank examiner. Seven years ago went to Niles, to become president of national bank. Before ing appointed bank examiner assistant cashier of the Auburn State bank for number of

2. September 11, 1933 Garrett Clipper Garrett, IN
Article from Garrett Clipper, September 11, 1933

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Article Text

Personal Family washings popular prices. Phone 206, Merritt and Mell Gard have dismissed their suit DeKalb court against Georgia Carter for the foreclosure of mechanic's lien. The suit for possession of real brought the DeKalb circuit court by Geo. and Jennie Shull against Jas. Turk was dismissed Friday. Gladys E. Carper. by McClintock, Friday sued Foster and Lillian Hill the circuit court for rent for property in Ozmun's addition Fackler, by Attorney H. Springer, been given judgment the DeKalb circuit against Geo. Wilson. The defendant did not appeear. DeVeny has been given judgment in the DeKalb court against Leroy, Geo. Emma Rudolph on note. the the defaulted. Clyde B. and Jesse Oberlin Friday secured judgment of $312.88 in he DeKalb circuit court against Lon and Jessie Houck on note. Attorney Springer represents the plaintiffs and the defendants did not appear. Following an illness of seven weeks from gall stones and pancreatitis, Mrs. Ronald Jones of age 35 years, dead. She worker in civic fraternal organizations in Ken- Frank R. Bowman has succeeded St. Joe Valley bank as receiver in real estate mortgage case of the Prudential Insurance Co. against Fanny and he qualified by filing $500 bond in the DeKalb circourt, with W. Johnson as surety. Barney Stewart, one of four prisescaped from the county jail at LaGrange Thursday night, sentenced the Indiana reforthe DeKalb circuit court matory for five year term in Deone cember, 1931, for stealing from Corunna. The application of Harley and Florence for the adoption Herbert Johnson has been granted by Judge Endicott in the DeKalb circuit court. The boy six and has been living in the home of Mr. and Mrs. Schoonover for three Their attorney Webster. Flora Gee has been appointed the circuit court as adminstrator the estate of the late Martha Forkner succeed the late Elza R. Kinsey, deceased. of St. Joe, and qualified by filing bond, Laney Gee and R. Bowman sureties. Fred Shroyer. executor of the of the late Shroyer. has been authorized by Judge Endicott sell acres of land in Smithfield in order to claims. pay property was by Albert Hovarter and $2.000 and the executor filed 00 additional bond. Alleging abandonment, Harry M. Stone Friday instituted divorce proceedings in the DeKalb circuit court against Nina Stone. The plaintiff sides 709 South Indiana avenue. He says he and his wife were married 10, 1926. and that she left him Nov. 1930. The last he the month seven Judge awaiting have returns cent