gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6fcf104e8ddc7408
Response Measures
None
Description
Montpelier is described as on the Wells-Blackford county line; bank did not reopen and receivers were appointed.
Events (3)
1.February 13, 1929Run
Cause
Local Banks
Cause Details
Depositors withdrew funds in panic sparked by failures and runs at nearby Wells County banks, producing an $18,000 run on the Montpelier bank.
Measures
Bank suspended operations (failed to open on Feb. 14)
Newspaper Excerpt
an $18,000 run yesterday prevented it opening
Source
newspapers
2.February 14, 1929Suspension
Cause
Local Banks
Cause Details
Closure/suspension followed runs and bank failures in Wells County and contagion across nearby banks.
Newspaper Excerpt
The Farmers Deposit Bank of Montpelier ... closed this morning, due, was said, to an $18,000 run yesterday.
Source
newspapers
3.March 3, 1929Receivership
Newspaper Excerpt
T. C. Peterson, Montpelier attorney, named yesterday ... as receiver for the Farmers Deposit bank of Montpelier which was closed Feb 14.
Source
newspapers
Newspaper Articles (24)
1.February 14, 1929The MessengerMadisonville, KY
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BANKS CRASH AFTER RUNS TAKE FUNDS
Six Indiana Institutions Topple and Receivers Are Sought.
BLUFFTON, Ind., Feb. Union Savings Trust Company, the only remaining bank in Bluffton, closed this morning after $500,000 run yesterday. The Farmers Deposit Bank of Montpelier closed due, was said here, to $500,000 run yesterday. Four banks Wells county closed yesterday. President Fred of Tangeman, the Union Savings Trust Company, said his bank was solvent, and he hoped to reopen the institution after the usual sixty days for reorganization.
Insolvent, Claim. Following the closing of four Wells county banks yesterday, Luther Symons, state bank commissioner, appeared in circuit court with two petitions asking that receivers be appointed for the Wells County State bank, of Bluffton, and the State Bank of Uniondale, two of the institutions that closed. The bank of Petroleum and the Liberty State bank also suspended operations. The petitions set out that examinations by the banking department the Well County State bank of Uniondale failing and insolvent Judge W. Hamilton set February 21 as the date for hearings on the petitions. The Wells bank County was capitalized at $100,000 and showdeposits of $1,250,000. The Union Savings and Trust company now is the only bank in Bluffton. The Studebaker bank failed in 1927, with deposits of $1,500,000. Receivers as yet have made no payments on deposits.
2.February 14, 1929Evening StarWashington, DC
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$50,000 RUN CAUSES BANK TO CLOSE DOORS Bluffton, Ind., Officers Hope to Effect Reorganization Within Sixty Days. By the Associated Press. BLUFFTON, Ind., February 14.-The Union Savings & Trust Co., the only remaining bank in Bluffton, closed its doors this morning after a $50,000 run yesterday. The Farmers' Deposit Bank of Montpelier, on the Wells-Blackford County line, with deposits of $500,000, also closed this morning, due, it was said, to an $18,000 run yesterday. Four banks in Wells County closed yesterday. Fred J. Tangeman, president of the Union Savings & Trust Co., and Thomas Barr, State bank examiner, said the bank was solvent. Officers said they expected to take advantage of the 60 days permitted by law to effect a reorganization and then hoped to reopen. The bank had deposits of approximately $800,000. Yesterday the Wells County Bank, with deposits of $1,250,000, was closed. A few hours later the State Bank of Uniondale closed. Petitions were filed in Circuit Court here asking for receivers for both institutions, alleging they were "in a failing and insolvent condition." The Bank of Petroleum and the Liberty Center State Bank also closed yesterday. The three smaller banks cleared through the Wells County bank.
3.February 14, 1929Argus-LeaderSioux Falls, SD
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Run Forces Last Bank in Indiana City to Close Up
Bluffton, Ind., Feb. Union Savings and company, the remaining bank in Bluffton, closed its doors this morning after $50,000 run The Farmers Deposit bank of Montpelier, on the WellsBlackford county with deposits $500,000 closed morning, due was an run Four banks in Wells county closed yesterday.
4.February 14, 1929Palladium-ItemRichmond, IN
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BANK AT BLUFFTON CLOSES RUN OF
Feb. Union and only bank in Bluffton. closed its morn ing yesterday. Farmers' Deposit bank Montepelier, the county line, closed morn said to Four banks in county closed yesterday. Fred Tangeman, president of the Union Savings and Trust comThomas Barr, state bank examiner, said closing was to the run on the bank that entirely solvent. Officers and directors they expected to take advantage of the sixty days permitted law to effect reorganization then hoped reopen. The Union Savings and deposits Yesterday the Wells bank, deposits of closhours State Bank closed. were filed in the court here asking for both institutions, and (Please Turn to Page Eleven)
5.February 14, 1929The TimesHammond, IN
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ANOTHER BANK CLOSES
MONTPELIER, Ind., The Wells county which five banks have been spread day to Blackford caused here of the Farmers Deposit bank, $610,000 institution. Montpelier 20 miles south of Bluffton. Officers of the closed bank said the decision to suspend reached after run on the bank. The First National bank of this city, the only other banking institution here, immediately posted notice its doors advising that 60 days notice will be required for the withdrawal of deposits and days notice on certificates seems to lost his of Thomas Barr, state missioner, who has hurried to Bluffton in arriving there looking over the the situation. banks have been without justification."
6.February 14, 1929The TimesHammond, IN
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ANOTHER BANK CLOSES
[INTERNATIONAL NEWS SERVICE] MONTPELIER, Ind., Feb. The panic that is sweeping Wells county in which five banks have been closed in spread today to Blackford county and caused the closing here the Farmers Deposit bank, $610,000 institution. Montpelier is about 20 miles south Bluffton. Officers the closed bank said the decision suspend reached after run the bank. The First National bank of this city, other instituimmediately posted doors that 60 days notice will required for the withdrawal of deposits days on certificates of deposits. seems have lost his sense of Thomas Barr, state banking hurried to Bluffin person, upon arriving there looking over the situation. most of the banks have been without justifica-
7.February 14, 1929The La Crosse TribuneLa Crosse, WI
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HEAVY RUNS CLOSE SIX INDIANA BANKS
BLUFFTON, N. D. — (IP) — The Union Savings and Trust company, the only remaining bank in Bluffton, closed its doors Thursday morning after a $60,000 run Wednesday. The Farmers' Deposit bank of Montpelier, on the Wells-Blackford county line, with deposits of $100,000, also closed, due, it was said, to an $18,000 run Wednesday. Four banks in Wells county closed Wednesday.
8.February 14, 1929Evening starWashington, DC
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RUN CAUSES BANK TO CLOSE DOORS
Bluffton, Ind., Officers Hope to Effect Reorganization Within Sixty Days.
By Ind., February Union Savings Trust the only bank Bluffton, closed its doors morning after a $50,000 run yesterday. Farmers' Deposit Bank of Montpelier, Wells-Blackford County line, with deposits of $500,000, closed this morning, due, was said, to an $18,000 run yesterday. Four banks in Wells County closed yesterday. Fred Tangeman, president of the Union Trust Thomas Barr, State bank examiner, the bank was solvent. Officers said they expected to take advantage the by law to and to deposits of apYesterday the Wells County Bank, with deposits few hours State Bank filed Circuit Court for for alleging they "in failing insolvent condition. The Bank of Petroleum and the Liberty Center State Bank three cleared through the Wells County bank.
9.February 14, 1929Anderson Daily BulletinAnderson, IN
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BLUFFTONBANK CLOSES TODAY
UNION SAVINGS AND COMPANY CLOSES FOLLOWING $50,000 RUN
Montpelier Bank Also Is Closed
FOUR BANKS IN WELLS COUNTY SHUT THEIR DOORS YESTERDAY
Depositors In Banks Of Wells And Blackford Counties Become Alarmed Over Failures And Withdraw Funds
Bluffton, Ind., Union Savings and Trust Company. the only remaining bank in Bluffton. closed its doors this morning after $50,000 run yesterday. The Farmers Deposit Bank Montpeller, on the county line, also closed this morning. due, was said, to an $18,000 run yesterday. Four banks in Wells county closed yesterday Fred Tangeman, president of the and Trust and Thomas Barr, state bank examsaid closing was due to the run on the bank and that en tirely solvent. Officers and direct ors said they expected to take advantage of the sixty days permitted by effect and then hoped reopen. The Union Savings Trust deposits of approximately $800,000. STARTED YESTERDAY
Yesterday the Wells County Bank. with deposits $1,250,000. clos few hours later. the State Bank closed Petitions the circuit court asking for for both institutions. alleging they failcondition. The Bank of Petroleum Liberty Center State Bank also closThe three smaller banks cleared through the Bank Guy Bracken president of the Farmers Deposit Bank Montpeller had deposits of approximately $500,000 The state banks Poneto and Craigville and Farmers State Bank Ossian, other banks the ville State Bank and the Markle State Bank, on the county line, also
10.February 15, 1929Baker City HeraldBaker City, OR
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FOUR INDIANA BANKS FAIL
BLUFFTON. Ind., Feb. The Union Savings Trust comthe only remaining bank in Bluffton. closed its doors today ter $50,000 run The Farmers' Deposit bank of Montpelier, with deposits of $500,000, also closed today, said. to an 000 run. Four banks in Wells counhave closed.
11.February 15, 1929The Star PressMuncie, IN
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BLUFFTON NOW WITHOUT BANK
Remaining Institution Closes Opened.
Bluffton. Ind., Feb. 14 closing of the Union Savings Trust Company, of Bluffton, and the failure of the Farmers Deposit Bank. of Montpelier, to open this morning, made total of six banks closed in Wells County within two days. mass meeting of citizens has A been called to enlist aid in opening bank carry on business. Run Closes Montpelier Bank. on Union SavTrust Company was responsible the closing that institution, the Montpelier bank prevented its opening Fred Tangeman, of the Union Bank, that the bank entirely solvent that direcreopen the institution time without depositors The bank had posits The Deposit Bank had posits $500,000. Guy Bracken president. Stability State Banks Safe. The Wells County bank, with posits of closed and few hours later the State Uniondale closed. titions for filed in the Circuit Court here late Bank Petroleum and the Liberty Center State bank closed Luther Symons, state bank commissioner, statement issued Indianapolis today, declared that the stability the banking situation state should not affected various banks Wells County. here had been brought by continual agitation banking growing years said his opinion most, not the banks come out their with little, any, to the depositors. Mass Meeting Friday Night. were of members local service clubs. mass meeting the large auditorium building here Friday night, purpose enlisting the public adopting attitude of confidence toward solvent banks Continued Sixth Page.
12.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.
13.February 15, 1929The Tipton Daily TribuneTipton, IN
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TWO MORE BANKS.
Five Now Closed In Wells County; One In Montpelier.
Bluffton. Ind., Feb. 15 closing of the Union Savings and Trust Company at Bluffton and the failure of the Farmers Deposit bank of Montpelier to open yesterday morning made a total of five banks closed in Wells county and one near the line in Blackford county in two days. A mass meeting of citizens has been called to enlist aid in opening a bank here to carry on business. A $50,000 run on the Union Savings and Trust Company was said to be responsible for the closing of that institution and an $18,000 run on the Montpelier bank prevented it opening.
14.February 19, 1929The TimesHammond, IN
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RECEIVER FOR CLOSED BANK
MONTPELIER, Ind., Feb. meeting the board directors the Farmers Deposit bank here today, James Ogden, the request bank officials, filled petition receiver. The closed Feb. the same time several others failed open their doors. after small It was believed be insolvent.
15.March 4, 1929The Indianapolis StarIndianapolis, IN
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BANK RECEIVER NAMED.
HARTFORD CITY, Ind., March 3. -T. C. Peterson, Montpelier attornamed yesterday in the Blackford Circuit court as receiver the Farmers Deposit bank of Montpelier which was closed Feb 14. The bank opposed the appointment of receiver and has taken an appeal to the state Supreme court asked by the state banking department.
SENTENCED FOR NONSUPPORT years days fined pleaded guilty penal
JOHN PICKETT DEAD VERSAILLES March Pickett, years old. here justice 1914. died Milan clinic last night.
16.March 6, 1929The Indianapolis StarIndianapolis, IN
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HIGH COURT MAY GET SUIT ON BANK RECEIVER
HARTFORD CITY. Ind. March 5. (4) Attorneys for the Farmers Deposit bank of Montpelier today served notice on Judge Victor Sim mons of the Circuit court that they would seek mandate from the Supreme court to compel Judge Simmons to grant change of venue in the suit asking appointment of a receiver for the bank. The bank was closed by the state banking Feb The state department made application for the appointment of receiver and Peterson an at torney of Montpelier was appointed last Saturday by Judge Simmons. Attorneys for the bank opposed the appointment of receive and asked the change of venue. which was denied
17.March 6, 1929The Indianapolis TimesIndianapolis, IN
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JUDGE MAY FACE SUIT Montpelier Bank Attorneys Charge Venue Change Denied. B" Times Special HARTFORD CITY, Ind., March 6-Denial of a change of venue by Judge Victor Simmons of Blackford circuit court may result in a mandamus suit being filed against him in the Indiana supreme court by attorneys for the closed Farmers Deposit Bank of Montpelier. On application of the state banking department, T. C. Peterson, Montpelier lawyer, was appointed receiver for the bank, by Judge Simmons, who refused a venue change asked by the bank's counsel, who opposed receivership.
18.March 15, 1929The Indianapolis StarIndianapolis, IN
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COURT TO GIVE DECISION ON BANK RECEIVER WRIT The Indiana Supreme court will decide this morning whether temporary writ of prohibition to prevent Thomas Peterson from serving receiver for the Farmers Deposit bank of Montpelier shall be made permanent. Final arguments were heard by the court yesterday The bank officials obtained the temporary writ when they alleged that Judge Victor H. Simmons of the Blackford Circuit court refused to grant change venue on receivership proceedings instituted by Luther F. Symons. state bank comThey objected the ceiver named by the Blackford court judge on grounds he was attorney for rival banking concern.
19.May 9, 1929The Indianapolis TimesIndianapolis, IN
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DEFUNCT MONTPELIER BANK WINS APPEAL Receivership Decision of Lower Court Reversed. Appellate court today reversed action of the Blackford's circuit court in appointing a receiver for the Farmers' Deposit Bank of Montpelier. Last February Judge Victor H. Simmons of Blackford's circuit court. appointed Thomas Peterson, atorney, receiver for the defunct bank on the request of Luther F. Symons, state bank examiner. Recently the case was appealed to the higher court on the grounds a change of venue was denied and Peterson was atorney for a competitive bank at Montpelier. The higher court today in reversing the decision held such an action was mandatory under the state banking laws.
20.June 10, 1929Journal and CourierLafayette, IN
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Name Bank Receiver Ind. June today the Farmers' Deposit bank Mont Testimony state bank pelier. examiners Wells indicated that the court stitution insolvent bank's capital surplus $80 offset $85,739.17 in paper examiners testified.
21.June 10, 1929Muncie Evening PressMuncie, IN
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KUNKEL NAMED BANK RECEIVER
Wells County Judge Refuses Recommendations.
(Special to The Press.) June liam Kunkel Bluffton named Monday by Judge Hamilton of the circuit court, as receiver for the Farmers Deposit Bank of The receiver's bond fixed $50,000 August designated the last day for the filing of creditors' claims. Mr. Kunkel is also receiver for the Bank of Poneto, closed since 1925. Stockholders and citizens Montpelier two Stewart Ira but Judge Hamilton refused to either. He held of Stewwould be unwise since stockholder. Nelson's was jected because he was resident of Montpelier.
22.June 11, 1929Leader-TribuneMarion, IN
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Bank Receiver Is Appointed by Judge
Circuit Judge A. W. Hamilton, of the Wells county circuit court, appointed William A. Kunkel, Jr., as receiver for the defunct Farmers' Deposit bank, at Montpelier, which was one of the banks which closed its doors last February.
23.June 20, 1929Chronicle TribuneMarion, IN
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FILE CLAIMS MONTPELIER. Ind., June The Farmers' Deposit bank here, which has been closed since Feb. was today for the filing of claims. William Kunkel, of Bluffton, the bank receiver, was charge.
BUROKER SPEAKS MONTPELIER, Ind., June Rev. Peree Buroker, Wabash, was the speaker at public meeting here last night, sponsored by the Kiwanis club.
24.March 5, 1930The Star PressMuncie, IN
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LOCAL OFFICER GIVES SELF UP
Stewart Answers Montpelier Bank Indictments.
Hartford March Harvey Stewart. Muncie detective and formerly an officer of the Farmers' Deposit Bank, which closed Montpelier year ago, came here day from Muncie and sought Sheriff Ira Barton. Stewart that he had received information that had been indicted by the Blackford County grand jury. Such proved the He charged in three received bond. charges former Monroe, three against Bert another the now ing in
IS OF ANY HE INSISTS HERE
"There's bad some know not guilty any money from or any other bank, and think there Harry Muncie charged grand jury Hartford "When heard about noon went over sheriff came over up bond. The rest them including one about bank about four closed February, and in June Muncie.
Farm Values Blamed bank not closed because funds: after Wells County banks went under year, started run bank examiners advised they advised that liquidate. But the creased values farm mortgaged worth loss, but not an pulled into because worked there and general an get Harry Brown. captain of detectives, that Stewart exceptional joined police department with Dale administration January Brown said Stewart would innocent any charge until proven guilty. and added. have every faith in the world in
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
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