First State Bank - Decatur, IN

Episode Information

Episode UID: 71036671599
Episode Type: Run Only
Bank Type: state
Bank ID: 7103667 routing
Routing Number: 71-0366
Start Date: March 1, 1933*
Location: Decatur, Indiana (40.831, -84.929)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 1a7753e60c01e80d

Response Measures

None

Description

Article recounts a past run that the president quelled; mentions closure only during the bank moratorium.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed only during the general bank moratorium (banking holiday) during the Depression.
Newspaper Excerpt: The First State bank was the only one of three banks in Decatur to survive the depression and one of the few in the county closed only during the bank moratorium.
Source: newspapers

2. * Run

Cause Details: Immediate cause not specified in article; described as a past run during the depression that was quelled by the president's actions.
Measures: President stacked money on counters and invited the public to withdraw funds to reassure depositors.
Newspaper Excerpt: during a run on the bank, he stacked money high on the counters, invited the public to 'come and get your money.'
Source: newspapers

Newspaper Articles (1)

1. July 28, 1935 The Indianapolis Star Indianapolis, IN

Article Text

DECATUR BANK PRESIDENT DIES Charles A. Dugan, First State Head, Succumbs at Home. DECATUR, Ind., July 27.—Charles A. Dugan, 73 years old, president of the First State bank of Decatur, former city school superintendent, prominent in mid-West banking circles, died at his home here at 7:30 o'clock this morning of a heart attack. The First State bank was the only one of three banks in Decatur to survive the depression and one of the few in the county closed only during the bank moratorium. The most spectacular point in Dugan's career was when during a run on the bank, he stacked money high on the counters, invited the public to "come and get your money." This saved the bank. Lived in Decatur 50 Years. Nearly fifty years of Dugan's life were spent in Decatur. During his career he was successively a teacher, superintendent of Decatur schools, professor of mathematics at Blackburn University, Carlonville, Ill.; cashier of the First National Bank and president of the bank, which changed its name to First State Bank several years ago. He had served on virtually every important committee of the state bank association. He was a member of the Masonic lodge and Presbyterian church. Surviving are the widow, three daughters, Mrs. Louie Haerle of Indianapolis, Miss Frances Dugan of Boston, Mass., and Mrs. Ralph T. Unkefer of Philadelphia, Pa., and three grandchildren. Funeral services will be held at 2:30 o'clock Tuesday afternoon at the home, with burial at Decatur cemetery. JEFFERSONVILLE NATIVE DIES. DENVER, Col., July 27.—(AP)—Benjamin C. Watts, 59, Denver business man and a native of Jeffersonville, Ind., died here yesterday after an illness of five weeks. He will be buried at Louisville, Ky. JAMES W. LIVINGSTON. BLOOMINGTON, Ind., July 27.—James W. Livingston, 71 years old, retired farmer, died of pneumonia at his home here tonight. Survivors include seven sons and a daughter. MRS. KATE A. BREEDEN. ENGLISH, Ind., July 27.—Mrs. Kate A. Breeden, 85 years old, widow of the Rev. Charles C. Breeden, died at the Otterbein home, Lebanon, O., which she and her husband entered in 1920. Her funeral has been held there, with burial in the home cemetery. Mrs. Breeden also was a minister in the United Brethren church and, with her husband, served churches at Rockport, Georgetown, Linton, Medora and other southern Indiana towns. They founded the Breeden Memorial Church, Terre Haute, and its pastor, the Rev. M. R. Montgomery, assisted Dr. J. B. Parsons, superintendent of the White River Conference to conduct Mrs. Breeden's funeral. Mrs. Breeden has been an invalid several years, but her cheerful disposition had won for her the title of "Sunshine Lady" from inmates and visitors of the Otterbein home. LLOYD BUCHANAN. LAGRANGE, Ind., July 26.—Funeral services for Lloyd Buchanan, 34 years old, of Rolling Prairie, will be held tomorrow afternoon from the Mt. Zion Lutheran Church in LaGrange with burial in Greenwood cemetery here. A short service was held this afternoon at the home in Rolling Prairie. Mr. Buchanan committed suicide Thursday by shooting himself through the heart while his wife and her sister, Doris Schermerhorn of LaGrange, who has been visiting in the Buchanan home, were in the yard. He was dead when they reached him. Mr. Buchanan had suffered from a nervous trouble for several years. The widow, Ethel Schermerhorn Buchanan, and one son, Jack, 7 years old, survive.