Pittsboro State Bank (Pittsboro, IN)

Episode Information

Episode UID
71088771596
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7108877 routing
Routing Number
71-0887
Start Date
December 29, 1932
Location
Pittsboro, Indiana (39.864, -86.467)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7fc08a0e97df598

Response Measures

None

Description

Receivership by State Bank of Lizton is explicitly reported; no run mentioned.

Events (2)
1. December 29, 1932 Receivership
Newspaper Excerpt
The State Bank of Lizton was appointed receiver for the Pittsboro State Bank when it closed Dec. 29, 1932. A 20 per cent dividend has just been paid, which makes a total of 45 per cent payment to date.
Source
newspapers
2. December 29, 1932 Suspension
Cause Details
Article reports suspension without stating a cause.
Newspaper Excerpt
The Pittsboro State Bank suspended business today. according to word received by Luther F. Symons, state banking commissioner.
Source
newspapers

Newspaper Articles (2)
1. December 30, 1932 The Reporter-Times Martinsville, IN

Article Text

BANK SUSPENDS INDIANAPOLIS, Ind., Dec. The Pittsboro State Bank suspended busl ness today. according to word receiv ed by Luther F. Symons. state banking commissioner. The institution had deposits of $60,000. O. T. Scamahorn was president.

2. July 18, 1935 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, July 18, 1935

Click image to open full size in new tab

Article Text

CITY MAN TO DIRECT NEW PITTSBORO BANK H. E. Ayres to Have Charge of Lizton Firm's Branch Office. By Times Special PITTSBORO, July 18.-The State Commission for Public Institutions has authorized the State Bank of Lizton to establish a branch at Pittsboro. H. E. Ayres, Indianapolis, formerly with the Fletcher Trust Co., will have charge of the branch bank and will move to Pittsboro in the near future. The State Bank of Lizton was appointed receiver for the Pittsboro State Bank when it closed Dec. 29, 1932. A 20 per cent dividend has just been paid, which makes a total of 45 per cent payment to date.