gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2449669dc8da8003
Response Measures
None
Events (3)
1.February 13, 1929Run
Cause
Bank Specific Adverse Info
Cause Details
A run began on the Wells County State Bank which precipitated runs on other county banks.
Measures
None specified for stopping withdrawals; bank examiners were rushed in.
Newspaper Excerpt
The panic started with a run on the Wells County State Bank, a $1,250,000 institution.
Source
newspapers
2.February 13, 1929Suspension
Cause
Bank Specific Adverse Info
Cause Details
State banking examiner closed the Wells County State Bank after runs and examinations showing failing/insolvent condition.
Newspaper Excerpt
The Wells County State Bank did not open for business today... The bank was closed by Thomas Barr, examiner.
Source
newspapers
3.March 8, 1929Receivership
Newspaper Excerpt
Judge A. W. Hamilton ... appointed Morris E. Stults as receiver for the Wells county bank ... which closed Feb 13.
Source
newspapers
Newspaper Articles (22)
1.February 13, 1929The TimesHammond, IN
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TWO MORE WELLS COUNTY BANKS CLOSE
NEWS SERVICE BLUFFTON, Ind., Feb. mad that started with the Wells County State bank, $1,250,000 institution here, caused runs on the other banks in this county that forced three other banking institutions to close their doors today. The three other Wells county banks that elosed their doors in rapid today, were: Uniondale State bank at Uniondale, 10 miles north of Bluffton. The Liberty Center State bank Liberty Center, 10 miles west of Bluffton. The Bank Petroleum, 10 miles Bluffton. afternoon only four banks left open in Wells county. were: The Union Savings and Trust Ossian State Bank. Craigville State Bank. The Poneto State Bank. The state banking department understood rushing men here to control the situation.
2.February 13, 1929The TimesHammond, IN
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BLUFFTON, Ind., closing the Wells County bank, $1,250,000 institution today, hours later, the State bank, $225,000 ten miles of forced that institution to close its doors. Palmer bank examtook charge the affairs of the Uniondale bank.
3.February 13, 1929The TimesHammond, IN
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TWO MORE WELLS COUNTY BANKS CLOSE
[INTERNATIONAL NEWS SERVICE] BLUFFTON, Feb. mad that started with the the Wells County bank, $1,250,000 institution here, caused runs on the other banks in this county that forced three other banking institutions close their doors today. The three other Wells county banks that closed their doors in rapid succession today, were: The Uniondale State bank at Uniondale, 10 miles north of Bluffton. The Liberty bank at Liberty Center, 10 miles of Bluffton. The Bank of Petroleum, 10 miles Bluffton. This only four banks were left open in Wells county. They were: The Union Savings and Trust company of Bluffton. The Ossian State Bank. The Craigville State Bank. The Poneto State Bank. The state banking department was understood to rushing men here to control the situation.
4.February 13, 1929The TimesHammond, IN
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RUN CLOSES SECOND BANK
BLUFFTON, Ind., -Following the closing of the Wells County bank, $1,250,000 institution here today, hours the Uniondale State $225,000 at forced that stitution close its doors. Palmer took the affairs the Uniondale bank.
5.February 13, 1929The TimesHammond, IN
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RUN CLOSES SECOND BANK
BLUFFTON, Ind., Feb. -Following the closing the Wells County bank, $1,250,000 institution here today, several hours later, the Uniondale State bank, $225,000 bank at Uniondale, ten miles west of here, forced that stitution close its doors. Palmer Ice, bank examtook charge of the affairs of
6.February 14, 1929Leader-TribuneMarion, IN
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Have Asked for Receiver lowing the closing of four wells county banks today Luther F. Sy mons, state bank commissioner, ap peared in circuit court here this afternoon with two petitions asking that receivers be appointed for the Wells County State Bank, of Bluff ton, and the State Bank of Union dale, two of the institutions that closed The Bank of Petroleum and the Liberty Center State Bank also suspended operations. The petitions set out that exby the banking depart ment showed the Wells County State Bank and the State Bank of Uniondale are "in failing and insolvent Judge A. W. Hamilton set Feb 21 as the dathe for hearing on the petitions. The Wells County State Bank did not open for business today, and shortly after non the three other banks, which cleared through the Bluffton institution, also closed their doors. The Wells County Bank was capitalized at $100,000 and showed deposits of $1,250,000 E. B. Williamson is president R. S. Morrow, first vice-president: Frank Waugh, second vice president, and R. N. Fitzpatrick cashier. The bank was closed by Thomas Barr, examiner The capitalization of the Uniondale Bank was $25,000 and deposits were $200,000. H. W. Lipkey is president and W. A. Brickley cashier. The Union Savings and Trust Company now is the only bank in failed in 1927. deposits of $1,500,000. Receivers as yet have made no payments on deposits.
7.February 14, 1929The Washington TimesWashington, DC
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4 Banks In Indiana Are Closed by Runs BLUFFTON, Ind., Feb. 14 (U.S.). Frenzied depositors yesterday closed four banks in Wells county. The State Banking Department was reported to have rushed men here to control the situation and save the four remaining institutions. The panic started with a run on the Wells County State Bank. a $1,250.000 institution. when the doors : were opened this morning. This brought runs on three other banks and closed 11" all four.
8.February 14, 1929The Richmond ItemRichmond, IN
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FOUR BANKS IN WELLS COUNTY ARE CLOSED UP
(By The Associated Press) BLUFFTON, Ind., Feb. Following the closing of four Wells county banks today Luther F. Symons, state bank commissioner, appeared in circuit court here this afternoon with two petitions asking receivers be appointed for the Wells County State bank, of Bluffton, and the State bank of Union-
9.February 14, 1929The Richmond ItemRichmond, IN
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dale, two of the institutions that closed. The bank of Petroleum and the Liberty Center State bank also suspended operations. The set that examinations by the department showed the County State bank and the State bank Uniondale are "in a failing and insolvent condition.' Judge A. W. Hamilton set February 21 the date for hearings on the petitions. The Wells County bank was capnot open for today, shortly afternoon the three banks, which through the Bluffton institution, also closed their doors. The Wells county bank was cap- italized at $100,000 and showed deposits of $1,250,000. B. Williamsson is president; R. Morrow, first vice president; Frank Waugh, second vice R. N. Fitzpatrick cashier. The bank was closed by Thomas Barr, The capitalization the Uniondale bank was $25,000 and deposits were $200,000. H. W. Lipkey is president and W. A. Brickley cashier. The Union Savings Trust company now is the only bank in Bluffton. Studebaker bank failed 1927, with deposits of $1,500,000 as yet have made no payments on deposits.
Snakes, contrary to common be lief cannot sting-but some can bite.
10.February 14, 1929The Star PressMuncie, IN
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BANKS CLOSED
Receivers Are Asked Two Institutions.
Bluffton, Ind., Feb. 13 closing four Wells County Luther Symons, state bank appeared in Cirhere this afternoon with asking that receivers be appointed for the County State of Bluffton, and the State Bank Uniondale, two of the institutions closed. Bank Petroleum and the Liberty Center State Bank Hearing on Petitions Feb. 21. The petitions out that examinadepartment the Wells County State Bank State failing and condiJudge Hamilton set February the date for hearing on the The Wells County State Bank did open today. and shortnoon three other cleared through the Bluffton institution, also closed their doors. Bluffton Left With One Bank. Wells County Bank was $100,000 and showed Williamson Morrow, first vicepresident; Frank Waugh, second and Fitzpatrick, cashier. bank closed by examiner. The the Uniondale Lipkey president The and Trust ComBluffton. Studebaker Bank failed in 1927, deposits made payments on
Bank May Be Reopened Soon. The Liberty Center State Bank closed doors about noon with consent Deputy State Bank Commissioner Barr. and hopes reopen for busiwithin few days. This bank to wholly solvent and closing give public citement time allay fears about Center started on the bank that reached close the bank temporarily consent given by department. Hope Pay Dollar for Dollar. The Wells Bank, closing of which started the and run closed three other banks has expressed hope that depositors will fully 100 cents dollar. Waugh stated Continued Second Page.
11.February 14, 1929The Huntington PressHuntington, IN
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BANKS CLOSED IN WELLS COUNTY
BLUFFTON, Ind., Feb. four Wells Following the closing county banks today Luther F. Symons, state bank appeared circuit court here this afternoon with two peittions asking that receivers appointed for the Wells County State of Bluffton, and the State Bank Uniondale, two of the institutions that closed. The Bank of and the Liberty Center State bank also suspended operations. The petitions out that examinations the banking department showed the Wells County State bank and the State Bank of Uniondale are "in failing and incolvent condition. resudge W. Hamilton set Feb. 21 the date for hearings the petiWells County State bank did not for business shortly the three other banks, which cleared through the Bluffton institution, closed their doors. Wells County bank was capital$100,000 showed deposits $1,250,000 E. B. Williamson is presR. S. Morrow first Frank Waugh, second and R. N. Fitspatrick cashier. The bank was closed by Thomas Barr, excapitalization of the Uniondale bank was $25,000 deposits were $200,000. H.W. Dipkey is president and W. Brickley caishier. The Union Savings and Trust Company now is in Bluffton. The Studebaker bank in 1927, with deposits of $1,500,000. Receivers have made no payments on de-
12.February 14, 1929The Call-LeaderElwood, IN
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RECEIVERS ASK FOR WELLS COUNTY BANKS
Bluffton Ind., Feb. 13.-Receivers were sought for the Wells County State Bank of Bluffton and the State Bank of Uniondale in a petition here today. The petition was filed by Luther F. Symons, state bank commissioner, following the closing of four Wells county banks today. The petition was filed in Circuit court by Mr. Symons The Bank of Petroleum and the Liberty Center State Bank also sus pended operations. The petitions set out that examinations by the banking department showed the Wells County State bank and the State Bank of Uniondale are
13.February 14, 1929The Call-LeaderElwood, IN
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AL SMITH IN HAVANA.
"in a failing and insolvent condition. Judge W. Hamilton set Feb 21 Havana, Feb. 13.-Alfred E. Smith. A. the date for hearings on the peti- New York's former governor, arrived as tions. in Havana today aboard the steamer The Wells County State bank did Shawnee, accompanied by Mrs. Smith. not open for business today, and short Mr. and Mrs. William Kenny, John ly after noon the three other and a large party of friends which cleared through the BlufftonThe former governor said he was hero institution, also closed their doors. IC forget polities for the present. Fishing. bathing and general recreational pursuits will occupy his time, he said. Read the classified ads every day, Numerous functions have been plan25 words for 25 cents,
14.February 14, 1929The Anderson HeraldAnderson, IN
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State Official Asks Court To Appoint Two Receivers.
BLUFFTON, Feb. 13. Following the closing of four county banks today Luther mons, state bank peared circuit court here this afternoon two petitions asking receivers appointed for the County state bank, Bluff the Bank Uniontwo of the institutions that clos The bank Petroleum and the Liberty Center State bank also sus pended operations. The petitions out that examinations by the banking showed the county state bank and the state bank Uniondale failing and insolvent Judge Hamilton February the date for hearings the petitions. Closing is The Wells county state bank did open for business today, and shortly after noon the three other banks, which cleared through the Bluffton institution, also closed their doors. The Wells county bank was talized $100,000 and showed posits $1,250,000. president: Morrow, first Frank ond and patrick, cashier. The bank closed Thomas Barr, examiner The the Uniondale bank $25,000 and deposits $200,000. H. president and W. Brickley cash-
The Union Savings and Trust Company the only bank BluffThe Studebaker failed In deposits of $1,500,000. Receivers made no payments deposits.
BANK RUN
Closing
In Indiana Within 24 Hours After First Collapse.
Cashier Of Hope Institution Held For Federal ment Confessed
THE Ind., February Union Savings Trust Company, remaining operating Bluffton Wells County Bank closed its doors yesterday. was closed today. reported many deposi tors withdrew money from the bank
The Farmers Deposit Bank the Blackford county line. closed today. said, yesterday. The bank has deat Guy Bracken, the said closed protect depositors and the bank solvent. Luther Symon, State Comand State Banking are in Wells County going records the Wells County Bank, 'three other banks the county which closed following action Wells County Bank, through which Other banks the county that are closed State Bank of Petroleum, the Bank and the erty Center Bank.
Receivers
Symon petitions the Wells Circuit Court that ceivers appointed for Wells County Both petitions set that conducted Banking these institutions failing and condition. the banking situation largely the result that followed the closing here Studeposits $1,500,000 That bank and far distribuon common have
DISPATCH THE Ind., February Herman Cashier National Bank, Ind., closed this was Federal Howard Young, United States sioner, request Bert Patterson, Bank Stewart had admitted having nipulated the shortage. arrested in an office the Merchants National Building taken where he hearing and was held by Hope, and former President the bank Arranged To
Details the which accomplished not his Mely United Marshal told him that has money. over make the shortage Luther Symons, State Commissioner, statement today which said the stability the should affected closing The the Banking banking situation Wells has by agithe failure of the Studebaker Bank two Unfounded culated have public confidence that locality. opinion that most, out present difficulty the the by the conditions Wells County.'
16.February 15, 1929The HustlerMadisonville, KY
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BANKS CRASH AFTER RUNS TAKE FUNDS
BLUFFTON, Ind., Feb. Union Savings Trust Company, only remaining bank in Bluffton, closed morning after $500,000 run yesterday. The Farmers Deposit Bank of Montpelier also closed today, due, was said here, to a $500,000 run yesterday. Four banks in Wells county closed yesterday. President Fred Tangeman, of the Union Savings Trust Company, said his bank was solvent, and he hoped to reopen the institution after the usual sixty days for reorganization.
Following the closing of four Wells county banks yesterday, Luther Symons, state bank commissioner, appeared in circuit court with petitions asking that receivers be appointed for the Wells County State bank, of Bluffton, and the Bank Uniondale, two of the that closed. bank of Petroleum and the Liberty State bank also suspended operations. The petitions set out that examinations by the banking department showed the Well County State bank Uniondale failing and insolvent condition." Judge Hamilton set February the date for hearings the petitions. The Wells County bank was capitalized at $100,000 and showdeposits of $1,250,000. The Union Savings Trust company the only bank in Bluffton. The Studebaker bank failed in 1927, with deposits of Receivers as yet have made no payments on deposits.
17.February 16, 1929The Indianapolis TimesIndianapolis, IN
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CLOSED BANKS PLAN TO OPEN Wells County Crisis May Be Eased Next Week. By Times Special BLUFFTON, Ind., Feb. 16.-Wells county's banking crisis may be eased early next week when the Union Savings and Trust Company is expected to open its doors. Five financial institutions in the county closed- during the week. A mass meeting at which all parts of the county was represented was held here Friday night, several speakers expressing confidence that the situation could be relieved. There were indications that the panicky feeling which caused runs is subsiding. The Wells County State bank here was the first to close. Three other banks, which used the local institution for clearing purposes, ceased business the following day. Then the Union Trust and Savings closed as a precautionary measure, after a run had started. The three others closed were at Liberty Center, Petroleum and Uniondale. At the meeting there were indications that the Liberty Center and Uniondale banks also would re-open next week. Liquidation was reported in progress at Petroleum. The audit of the Wells County State bank has not been completed and there is no information available at this time on its condition.
18.February 16, 1929The Star PressMuncie, IN
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BLUFFTON
Prospects Brighter for Two Others.
Bluffton. Ind., Feb. 15 The Union Savings Trust company, which closed doors here temporarily Thursday morning. with the consent of the state banking department, for the purpose of giving the depositors opportunity recover from panicky state of mind. that threatened to continue an unnecessary and unwarranted run on the bank, today announced plans reopen banking institution next Monday This reopening was provisional proper restored fidence expressed citizens Bluffton Mass Meeting Held.
For the purpose having the banking explained fully and opportunity pubexpress attitude the financial crisis Wells County suspension of business since meeting was here The the public favorable the pany but stand back of other banks ready proceed with the regular depositors that there will no runs from such banks and withdrawals limited to the needs the general of business. The auditorium jammed, the publicity given newspapers personal extended today from city having brought citizens from every section of the county.
Other Banks May Open. With the perfectly condition the Company plained there confidence the which seemed that this bank will able to reopen for The Liberty Center State bank another that the banking partment permitted close few days to give the situation time calmed down and which expected resume business soon, possibly the first of the week Uniondale bank is another which may able restoration public confidence Petroleum bank reported going forward with plans for liquidaThe audit of the Wells County bank, this city, first close, had not been completed today and no statement or plans for the regarding
19.March 8, 1929The South Bend TribuneSouth Bend, IN
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INDIANA BANK RECEIVER NAMED
By BLUFFTON Ind., March 8. Judge A. W. Hamilton in Wells circuit court Thursday appointed Morris E. Stults as receiver for the Wells county bank an institution with deposits of than $1,230,000 which closed Feb 13. Stults furnished bond of $100,000 Testimony given prior to the apthat depositors in the Wells county bank would sustain some losses. Mr. Stults also is receiver for the Studebaker bank which closed March 27. 1927. It had deposits of almost $2,000,000. So far the Studebaker bank has been able to pay only 10 per cent on deposits.
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Newest in spring coats. charming silk frocks in white and colors. The finest children's department in the city. -Adv.
20.March 23, 1929Muncie Evening PressMuncie, IN
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BLUFFTON BANK AGAIN CLOSED
Lack of Public Confidence Is Cited by Official.
BLUFFTON, Ind., March The Union Savings and Trust Company which was closed February 14 and re-opened Thursday, again was closed by directors today, following run. The bank, having capital of $450,000, was closed February 14, after run which had dwindled its resources. The day previous the Wells County Bank failed to open its doors, and the run on the Savings Company occurred. New Run Closes Bank. At its reopening, Thursday, directors believed that the confidence its depositors had been restored and that it could resume its busiApparently the depositors believed the institution was not good shape and another run curred today and after meeting
Continued Three
21.October 24, 1929The Indianapolis TimesIndianapolis, IN
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Bank Claims Paid BLUFFTON, Ind., Oct. 24.-Distribution of $157,726.08 as a 15 per cent dividend on claims against the defunct Wells County bank here, has been made by Morris E. Stults, receiver. The bank closed Feb. 13.
22.September 29, 1930Garrett ClipperGarrett, IN
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CROSS COMPLAINT FILED BY BLUFFTON BANK RECEIVER
Answer to Fort Wayne Bank's Claim Says Full Amount of Original Loan Paid
Ind., Sept Morris Stults, the defunct Wells County bank this has filed in the Wells county circuit claim filed some time ago by the First National and Tri-State National banks of Fort Wayne, the claim the time filing being alleged notes for the First National bank by the County bank prior to the time went into receivership. The out the fact that the Wells County bank ecuted notes in the and turned the First NationIn answer the of the First been lost the receivership due
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
