Thompson State Bank (Edinburg, IN)

Episode Information

Episode UID
71048771585
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
7104877 routing
Routing Number
71-0487
Start Date
January 8, 1932
Location
Edinburg, Indiana (39.354, -85.967)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0fc5b794d2acdd9d

Response Measures

None

Description

State banking department took charge when the bank closed after heavy withdrawals; later liquidation and receiver payments follow.

Events (4)
1. January 8, 1932 Run
Cause
Rumor Or Misinformation
Cause Details
Heavy withdrawals/run by depositors the day before closure; article describes a run though no specific scandal is given.
Measures
Directors closed the bank; sign posted; state examiner took charge.
Newspaper Excerpt
the excitement caused when the withdrawals run yesterday higher when the bank closed this morning.
Source
newspapers
2. January 9, 1932 Suspension
Cause
Government Action
Cause Details
State banking department took charge and the directors closed the bank following heavy withdrawals.
Newspaper Excerpt
The Thompson State bank closed doors ... The state banking department took charge
Source
newspapers
3. May 4, 1934 Receivership
Newspaper Excerpt
A large number of checks, representing $37,000 in dividends from the defunct Thompson state bank which closed more than two years ago, were issued today by I. J. Waltz, liquidating agent.
Source
newspapers
4. April 6, 1935 Other
Newspaper Excerpt
offer for sale, at private sale, at The Thompson State Bank in Edinburg, Indiana ... the following described real estate ... by virtue of an order of the Johnson Circuit court ... IN THE MATTER OF LIQUIDATION OF THE THOMPSON STATE BANK OF EDINBURG, INDIANA
Source
newspapers

Newspaper Articles (5)
1. January 9, 1932 The Republic Columbus, IN

Article Text

EDINBURG BANK WILL PAY OUT State Is Forced Thompson by "Run" to Suspend Operations. STATE TAKES CHARGE General Feeling Is That DeWill Get positors Paid in Full. The Thompson State bank closed doors inburg this as the result clock morning withdrawals deposits heavy started The state which department took charge banking tub. the morning While crimp put all lines of business Edinthe closing the burg by feeling that depositors general and their money when affairs have been straightened Although the excitement caused when the withdrawals "run" yesterday higher when the bank closed this morning. there seemed to minimum degree of that inconveniences would only temporary. Examiner in Charge. Despite the the opened its morning for usual, the hope the would die down. the directors decided thing operations. The doors closed. and sign placed on signed Waltz, cashier, "Bank of the rectors, 1932 Jesse Ellis, one of the directors, made attributing the closing heavy withdrawals within past two card posted on the bank door said "Closed In the banking department. R. Huston, examinin Established 61 Frank D. president the bank. He only Thursday meeting of rectors. Martin Cutsinger and Jno Graham Waltz cashier: Mr Ellis and Miss Edith Hyde, assistant cashDirectors are Martin Cutsinger dealer: Clarence Cutsinger Shelbyville: Mr. Thompson, Mr. Graham owner of Edinburg Cabinet Amos, owner Veneer and Amos Lumber companies; Mr. Waltz and Mr. Ellis The bank established in 1880 the Thompson bank, private institution. later made state bank. held the confidence its community for years. Send for Change. Business Edinburg was Checks being turned. and checks issued this morning being withdrawn from the payees' hands. forced send here Frankto get change with which to The local banks got hint late yesterday that might wrong Edinburg when Edinburg people appear unusual numbers and make deposits.

2. May 4, 1934 The Republic Columbus, IN

Article Text

BANK RECEIVER ISSUES CHECKS Edinburg, May 4.-A large number of checks, representing $37,000 in dividends from the defunct Thompson state bank which closed more than two years ago, were is sued today by I. J. Waltz, liquidating agent. A light but steady flow of former depositors who had accounts in the bank when it closed called for their money this morning The payment totalled 20 per cent of the amount remaining after the other dividends had been paid.

3. March 26, 1935 The Edinburg Daily Courier Edinburg, IN

Article Text

The undersigned, by virtue of an order of the Johnson Circuit court, of Johnson County, Indiana, made and entered in a cause therein pending entitled IN THE MATTER OF LIQUIDATION OF THE THOMPSON STATE BANK OF EDINBURG, INDIANA, being No. 8598 on the dockets thereof, hereby give notice that, at 10:00 o'clock A. M. on the 6th day of April, 1935, and from day to day thereafter, they will offer for sale, at private sale, at The Thompson State Bank in Edinburg, Indiana, and for not less than the full appraised value thereof, the following described real estate situated in Bartholomew County, in the State of Indiana, to-wit: The Southwest Quarter of the Southeast Quarter of Section Eleven (11), Township Ten (10) North, of Range Four (4) East, except Six and Twenty-five hundredths (6.25) acres off of the North end thereof, containing Thirty-three and Seventy-five hundredths (33.75) acres. Also, Eighteen (18) acres by parallel lines off of the North end of the West Half of the Northeast Quarter of Section Fourteen (14) Township Ten (10), North Range Four (4) East. Also, the Southeast Quarter of the Southwest Quarter of Section Eleven (11) Township Ten (10) North of Range Four (4) East, containing forty and twenty-five hundredths (40.25) acres more or less. Also, the West Half of the East Half of the Northwest Quarter of Section Fourteen (14) in Township Ten (10) North, of Range Four (4) East, except a strip of land one rod in width off of the entire South side thereof. Also, Twenty (20) feet by parallel lines off the South end of the West Half of the Southwest Quarter of Section Eleven (11), Township Ten (10) North of Range Four (4) East, containing six tenths (6-10) of an acre.

4. March 28, 1935 The Edinburg Daily Courier Edinburg, IN

Article Text

SALE OF REAL ESTATE AND PERSONAL PROPERTY The undersigned, by virtue of an order of the Johnson Circuit court, of Johnson County, Indiana, made and entered in a cause therein pending entitled IN THE MATTER OF LIQUIDATION OF THE THOMPSON STATE BANK OF EDINBURG, INDIANA, being No. 8598 on the dockets thereof, hereby give notice that, at 10:00 o'clock A. M. on the 6th day of April, 1935, and from day to day thereafter, they will offer for sale, at private sale, at The Thompson State Bank in Edinburg, Indiana, and for not less than the full appraised value thereof, the following described real estate situated in Bartholomew County, in the State of Indiana, to-wit: The Southwest Quarter of the Southeast Quarter of Section Eleven (11), Township Ten (10) North, of Range Four (4) East, except Six and Twenty-five hundredths (6.25) acres off of the North end thereof, containing Thirty-three and Seventy-five hundredths (33.75) acres. Also, Eighteen (18) acres by parallel lines off of the North end of the West Half of the Northeast Quarter of Section Fourteen (14) Township Ten (10), North Range Four (4) East. Also, the Southeast Quarter of the Southwest Quarter of Section Eleven (11) Township Ten (10) North of Range Four (4) East, containing forty and twenty-five hundredths (40.25) acres more or less. Also, the West Half of the East Half of the Northwest Quarter of Section Fourteen (14) in Township Ten (10) North, of Range Four (4) East, except a strip of land one rod in width off of the entire South side thereof. Also, Twenty (20) feet by parallel lines off the South end of the West Half of the Southwest Quarter of Section Eleven (11), Township Ten (10) North of Range Four (4) East, containing six tenths (6-10) of an acre. Also the undivided one-half part in value of the following described tract of land to-wit: All of the Southwest Quarter of the Northeast Quarter of Section Twelve (12), Township Nine (9) North in Range Five (5) East except a strip Forty-six (46) rods wide by parallel lines off of the entire west side of said

5. March 30, 1935 The Edinburg Daily Courier Edinburg, IN

Article Text

SALE OF REAL ESTATE AND PERSONAL PROPERTY The undersigned, by virtue of an order of the Johnson Circuit court, of Johnson County, Indiana, made and entered in a cause therein pending entitled IN THE MATTER OF LIQUIDATION OF THE THOMPSON STATE BANK OF EDINBURG, INDIANA, being No. 3598 on the dockets thereof, hereby give notice that, at 10:00 o'clock A. M. on the 6th day of April, 1935, and from day to day thereafter, they will offer for sale, at private sale, at The Thompson State Bank in Edinburg, Indiana, and for not less than the full appraised value thereof, the following described real estate situated in Bartholomew County, in the State of Indiana, to-wit: The Southwest Quarter of the Southeast Quarter of Section Eleven (11), Township Ten (10) North, of Range Four (4) East, except Six and Twenty-five hundredths (6.25) acres off of the North end thereof, containing Thirty-three and Seventy-five hundredths (33.75) acres. Also, Eighteen (18) acres by parallel lines off of the North end of the West Half of the Northeast Quarter of Section Fourteen (14) Township Ten (10), North Range Four (4) East. Also, the Southeast Quarter of the Southwest Quarter of Section Eleven (11) Township Ten (10) North of Range Four (4) East, containing forty and twenty-five hundredths (40.25) acres more or less. Also, the West Half of the East Half of the Northwest Quarter of Section Fourteen (14) in Township Ten (10) North, of Range Four (4) East, except a strip of land one rod in width off of the entire South side thereof. Also, Twenty (20) feet by parallel lines off the South end of the West Half of the Southwest Quarter of Section Eleven (11), Township Ten (10) North of Range Four (4) East, containing six tenths (6-10) of an acre. Also the undivided one-half part in value of the following described tract of land to-wit: All of the Southwest Quarter of the Northeast Quarter of Section Twelve (12), Township Nine (9) North in Range Five (5) East except a strip Forty-six (46) rods wide by parallel lines off of the entire west side of said Quarter. Quarter Section containing less said exception eighteen (18) acres more or less, containing in all 141.35 acres more or less. Also, the sale of the personal property belonging to said bank, except cash on hand and current bank account, consisting of the furniture, fixtures and supplies, all notes, secured and unsecured, a certain lease on said building now occupied by said bank, unclaimed accounts, judgments heretofore taken by said Bank, Receiver's Certificate of proof of claim against The First National Bank of Shelbyville, Indiana, restricted bank accounts, bonds and securities, and any and all other property that they now have, as shown by inventory and appraisement marked Exhibit "A" with petitioner's petition to sell, now on file in the Johnson Circuit Court, Franklin, Indiana.