Bank of Uniondale (Uniondale, IN)

Episode Information

Episode UID
71093171550
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7109317 routing
Routing Number
71-0931
Start Date
February 14, 1929
Location
Uniondale, Indiana (40.831, -85.242)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e9d79a8595bd5074

Response Measures

None

Description

The private Bank of Uniondale (organized 1929) suspended March 1930 and later went into receivership; it succeeded an earlier State Bank that failed in Feb 1929.

Events (3)
1. February 14, 1929 Suspension
Cause
Local Banks
Cause Details
County-wide runs and panicky withdrawals in Wells County in Feb 1929 led to the closing of the State Bank of Uniondale (predecessor) and other local banks
Newspaper Excerpt
the date for the February 21st hearing. ... Applications filed ... for the Wells for receivers Bank of and County Bank Uniondale. ... the Wells county bank today ... the closing of the ... the Union Savings Trust company ... closed its doors this morning after Wednesday.
Source
newspapers
2. March 19, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors voted to liquidate and suspended operations; petition filed by shareholders to appoint trustee to liquidate assets
Newspaper Excerpt
The directors voted Tuesday night to liquidate, and the bank suspended operations yesterday
Source
newspapers
3. May 5, 1931 Receivership
Newspaper Excerpt
Davilla Lamm... was appointed receiver of the Bank of Uniondale by Judge J. F. Decker after an entry ... of that institution had been made by the court. The Bank of Uniondale is a private or partnership bank ... ceased to do a banking business March 19, 1930. ... The appointment of a receiver, it ... was inaugurated upon complaint ... by stockholders and officers of the Bank of Uniondale. (May 5, 1931 article.)
Source
newspapers

Newspaper Articles (8)
1. February 14, 1929 The Times Hammond, IN
Article from The Times, February 14, 1929

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Article Text

BARR CALLS SITUATION VERY BAD Bluffton Is Without a Bank When Fifth Bank Is Closed by State INTERNATIONAL NEWS SERVICE Ind., Feb. the face financial that terday pend operations, board of rectors of Union Savings Trust company, $400,000 today decided close the bank. This action run bank paid out, left the city of Bluffton bank and Wells county only three bank. ing those at Ossian, and The closing of the tirely voluntary the part the officials who explained being done to "give the expublic time draw its The development while state examiners headed by Thomas Barr, assistant state banking were on the seems have his proportion," Barr the Union Trust company was perfectThe bank put out and offered $50,000 tide but the directors didn't think they had better take The bank doesn't and solvent. that while the explained banking department didn't state Union Saving Trust close by company, its board of directors, had step Meanwhile the residents of Poneabout 300 to, miles Bluffton, sons 10 today Bank of only bank, Poneto, in the The said have withstood bank but after the business Cashier of the Mussellman called which held at mass the Poneto grade auditorium More than 125 school night. citizens attended. plea for support made every present the behind the bank. promised citizens were disWhile excited closing the last cussing the state bankBluffton bank today, examiners here force, ing charge of the closed Applications filed tutions. Judge W. Circuit for the Wells for receivers Bank of and County Bank Uniondale. the date for the February 21st hearing. was filed application also An officials of the court by the which prifor of liquidate the bank's trustee to affairs. Center Bank at LibThe Liberty erty fully sol- his Barr, received vent by close to avoid the frenzy of the depositors. the Barr, however, Wells county today situation in result of situation the the hope Barr over. that the

2. February 14, 1929 The South Bend Tribune South Bend, IN
Article from The South Bend Tribune, February 14, 1929

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Article Text

LAST BLUFFTON BANK IS CLOSED Six Institutions in One Indiana County Shut Within 24 Hours. Associated BLUFFTON, Ind., Feb 14. The Union Savings & Trust company, the only remaining bank in Bluffton, closed its doors this morning after Wednesday. The Farmers Deposit bank of Montpelier, on the Wells-Blackford county line, also closed this morning. said to Wednesday. Four in Wells county closed Wednesday Fred president of the Union Savings Trust company, and Thomas state bank examiner, said the closing was due to the run on the bank and that was entirely solvent. Officers and directors said they expected to the 60 days permitted by effect and then hoped to reopen. The Union Savings Trust had deposits of approxiWednesday the Wells County bank, with deposits of closed. few hours later the bank Uniondale closed. Petitions were filed in circuit court here asking for ceivers for both institutions, alleging they were failing and insolvent condition. The Bank Petroleum and the Liberty Center State bank also closed Wednesday. The smaller banks cleared through the Wells County Guy Bracken is president of the Farmers Deposit of Montpelier. had deposits of approximately The state banks at Poneto and Craigville and the Farmers State bank Ossian, other banks in the county, still are open. SANITARIUM SUES ACTRESS. LOS Calif., Feb. Alma Rubens. film actress. convalescing in sanitarium following nervous breakdown. has been made defendant $105 suit by another sanitarium, alleging nonpayment for

3. February 16, 1929 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, February 16, 1929

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Article Text

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.

4. March 21, 1930 The Star Press Muncie, IN
Article from The Star Press, March 21, 1930

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Article Text

BANK GRANTED RIGHT TO CLOSE Bluffton Institution to Act as Uniondale Trustee. Bluffton, Ind., March 20.-Judge A. W. Hamilton this afternoon granted a petition signed by eighty-four per cent of the stockholders of the Bank of Uniondale asking for the appointment of trustee to liquidate the bank's assets. The Old National Bank of Bluffton was appointed trustee. with bond placed at $25,000 The voluntary petition for liquidation set that the bank's statement showed assets sufficient to pay depositors in full Deposits total approximately $155,000 The directors voted Tuesday night to liquidate, and the bank suspended operations yesterday The state banking department was notified and Thomas D. Barr, deputy state banking commissioner, is having an audit made The bank is capitalized at $10,000 The petition filed for liquidation bore signatures of sixty-five stockholders. Bull Injures Ertel James Ertel residing on the D. W Lesh farm in Rockcreek Township. is recovering from injuries received two days ago when he was attacked by an angry bull. He managed to partially hold it at bay until he was reached by Mr. Lesh. He suffered a broken rib and body bruises. Sheriff Luster Bowman and Chief of Police A. N. Plessinger went to the state penal farm today with two prisoners. Travis McGoldrick and Arnold Peeper. The latter has 133 days and the latter sixty days to serve The marriage of Mrs. Rosa Lesh and Wesley A. Markley. well known local couple, took place at 8 o'clock this morning at the Presbyterian parsonage with the Rev. W. M. Elliott officiating. The couple left on honeymoon trip to Michigan. They will reside at 702 South Jersey street. The groom is a carpenter and building contractor. The marriage of Miss Cecile Harriet Miller. daughter of Andrew Miller. of Chester Township, and Francis William Sheets, of Mrs. Charles Sheets. of Liberty Township, took place at 4 o'clock yesterday afternoon at the M. E. parsonage at Montpelier, with the Rev. Edward Antle officiating They will reside with the bride's parents. marriage was issued here this afternoon to John Frederick Raub, of Huntington, son of William A. Raub, and Blanche Daisy Miller a daughter of David Miller, of Rockcreek Township. Carpenter Dies at Murray. Peter F. Wickliffe, 70. died at the home of Mrs. Newton Davis at Murray at 10 30 o'clock last night, following an illness of four weeks, of kidney trouble and complications. He was carpenter and was a resident of Wells County thirty-five years and resided for a number of years at Ossian Surviving are two sons, Ora, of Fort Wayne and Dell, near Ossian: and three daughters. Mrs. Minnie Hoot. Warren. O. Mrs. Nathaniel Prough of near Ossian: and Mrs. Golda Pangborn. Warren. O. Brothers and sisters living are Branson and Martin Weaver Fort Wayne Frank. near Yoder Mrs. Uriah Mast. Uniondale and Mrs. Jasper Middaugh, west of Ossian Funeral services will be held at the Prospect M. E. Church at o'clock Saturday afternoon. Burial will be at Prospect cemetery Grover Denny. of Union Township today announced his candidacy for the Democratic nomination for trustee of Union Township. at the primary May 6. He is the third candidate on the Democratic ticket The Nickel Plate Railway Company today filed appeal bond in the sum

5. May 6, 1931 The Star Press Muncie, IN

Article Text

FARMER NAMED BANK RECEIVER Davilla Lamm to Settle Uniondale Accounts. Bluffton, Ind., May 5.-Davilla Lamm, prominent Rockcreek Township farmer. president of the county council of Wells County, today was appointed receiver of the Bank of Uniondale by Judge J. F. Decker after an entry of of that institution had been made by the court Bond of the receiver was fixed at The receivership action was inaugurated upon complaint R Lipkey, president of the Bank of Uniondale, and Arthur Lockwood, another stockholder The Bank of Uniondale is a private or partnership bank which was launched March 2. 1929 after the old State Bank of Uniondale had closed its doors. The Bank of Uniondale, the new institution, ceased to do a banking business March 19, 1930. when petition was filed, signed by 80 per cent of the stockholders. asking that be appointed to liquidate the bank The old National Bank of Bluffton was appointed trustee and has served in that capacity since. Believed to Be Solvent. The complaint recites that the trustee took charge of notes, accounts and bills receivable in the aggregate sum of $211,089.75. and that the bank owed depositors $151, 402 65 and other creditors $50,550.65 There has been liquidation by the allowance of offsets in the sum of 449 and collections by the trustee of $17,140.81 and collections by the Lincoln Bank and Trust Company and M. E. Stults. receiver of the Wells County Bank. in the sum of 261 62 on notes posted as collateral security on loans. It is recited in the complaint that when the Bank of Uniondale was closed was believed to be solvent, but that allowance of claims in the sum of $33 based on contracts with the old Uniondale State Bank, which were not known to be liabilities at the time the Bank of Uniondale closed. now makes the latter institution hopelessly insolvent. The appointment of a receiver, it

6. April 14, 1932 The Star Press Muncie, IN

Article Text

UNIONDALE BANK HEARING TODAY Scheduled Before Judge Decker at Bluffton. Bluffton, Ind., April Decker will hear arguments Thursday in cases involving receiverships for two closed Uniondale banks, the State Bank Uniondale which closed in February, 1929, and Bank of Uniondale, organized in 1929 to succeed the closed state bank, which in turn was closed in 1930. After the Bank Uniondale was closed trustee had charge of its affairs for time, but later Lamm When the private Bank of Uniondale was organized took the assets liabilities of the State Bank of Uniondale, under contract whereby assumed liabilities of the state bank and received with provisions in the contract for demnity event of deficits in the affairs of the state bank. Receivers File Action. Some months after the bank closed action taken to have fairs the two banks separated and Roy Liberty Center, was appointed for the original bank, State Bank of Uniondale. He filed petition asking that Receiver the private bank, be ordered to turn over to him assets the state bank. This followed by by Receiver Lamm of the private bank, asking that the contract under which the private bank took over the state bank nullified and hearing held by the court determine the separate assets and liabilities the two banks. This cross-complaint asks that all action in payment claims be staid until affairs of the two banks are definitely adjudicated. The district meeting of Daughters of Rebekahs of Adams, Wells, Hunt-

7. June 29, 1933 The Star Press Muncie, IN

Article Text

RENAME CRAVEN TO SCHOOL POST Bluffton Board President Is Re-Elected. Bluffton. Ind., June 28.-C. Craven was reappointed a member of the city school board by the city council at the meeting Tuesday night. term of three years. He is concluding his eighth year as member of the board and is president of the board. He was first named in 1925 to fill two years of the unexpired term W. Rogers. resigned. and three reappointments will bring his total service to eleven years at the conclusion of his new term. Other members of the board are Howard Ullman and W. Kunkel Jr. Craven was the only candidate whose name placed in The council also authorized the of sanitary to serve for a period of at least two on salary of $60 per month It will be his duty to inspect premises and to order cleanups where needed and to order nuisances abated. Decree Separates Defunct Banks. Judge John Decker has signed decree for the separation of the assets and liabilities of the two defunct Uniondale banks. the State Bank of Uniondale, the first bank that did business there, and the Bank of Uniondale, organized following the failure of the first bank and taking over the assets and liabilities of the first bank. Separate receivers were appointed about year ago and they filed report on the separation of assets and liabilities last November 15, and the decree of Judge Decker virtually affirms the joint report of the two receivers filed at that time One of the interesting items finds that the State Bank of Uniondale owes the Bank of Uniondale $15,000, the second bank having paid out for the old bank $75,000 and having collected on assets of the old bank only about $60,000. In the report of the there was some doubt about the bank building property and farm of eighty acres. It was found that the bank building the property of the first bank, State Bank of Uniondale and the farm belongs to the Bank of Uniondale. Mrs. Ola Dyar Succumbs. Mrs. Ola May Dyar. 50. wife of Dr. W. Dyar. prominent Ossian physician, died at o'clock this morning at the Lutheran Hospital, Fort Wayne. She had been in poor health number of years and underwent an operation Monday. Death was attributed to coronary thrombosis Surviving are the husband and one son, Dr. E. W. Dyar. Jr., of Indian- apolis; her mother, residing in Illinois; three brothers, Dr. G. Hardin. of Flat Rock, Ill.; R. C. Hardin, of Robinson, Ill.; George Hardin, of Sullivan, and sister. Mrs. Fannie Jones, of Hardinville, Ill. Mrs. Dyar was member of the Ossian Presbyterian Church and of the Eastern Star and Pythian Sisters lodges. Funeral will be held 'clock Friday afternoon at the Ossian Presbyterian Church and burial will be in the Oaklawn Cemetery. Ossian. Hurt in Auto Accident. James Haggard. of Monroe, was taken the county hospital here for treatment for severe lacerations about his face, received last night when the machine of his neighbor, Everett Rice, with whom he was riding, collided with machine driven by Miss Mary Kipfer, east of this city, point on state road 124, near Fairview cemetery. Both machines were damaged considerably, but Rice and Miss Kipfer and her sister, Miss Diana Kipfer, riding with her. escaped injury The accident occurred when Miss Kipfer swerved her machine to miss parked auto along side the highway. Trustee Ira Baker, Harrison Township, has turned over to Prosecuting Attorney George Glass, the names two men residing here, for preparation of affidavits charging them with having procured township aid by fraud. The trustee states that he has knowledge that the two men have been working and drawing wages and at the same time coming to him for fuil allowance from relief funds.

8. November 22, 1933 The Star Press Muncie, IN

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NEW TRIAL PLEA IN SUIT DROPPED Damages Awarded at Bluffton to Be Paid. Bluffton, Ind., Nov. defendant today withdrew motion for new trial the damage of Ronald Floyd Shady, 10, by his father, Oscar T. Shady, as next friend, against the City of Fort Wayne, in which jury in the Wells Circuit Court here returned verdict few weeks ago the plaintiff damages in the sum of $10,000. It was reported here in connection with the dismissal of the motion for new be made the of the jury's The damages in the sum of and was based burns received by the Shady boy when he came trical defendant company at sub-station in Fort Wayne. Put 240 Men to Work. Forrest M. Woodward. acting chairman of the Wells County unemployment relief commission, reported today men put work past two days on public works and county, to 175 that had been employed on state roads. The additional put to work on city county ditches There will be added 175 the force on road and 154 county city projects The city council today plans construct an eight inch water main from Wiley Lancaster street. of 4,500 feet..as an additional city project to furnish emSamuel Warner. 81 is opposing appointment guardian look aftestate an action trial here before Judge and jury in Circuit appointment of asked in petition filed by Albert Warner and Estalla May Bond, and grounds leged account his age and infirimities defendant incapable of managing estate. Wife Is Granted Divorce. Mrs. Christy May Garrett granted divorce from Harold E. Garrett Circuit Court here today, her former name of Christy May Welsh restored. defendant defaulted appearance and the defense mitted Prosecuting Attorney George Glass. W Hess, of this city escaped injury this morning when his automoskidded went into ditch near Ossian. The front the car nosed into the ditch and rear then swung round field. The machine damaged considerably. Files Report. Lamm today filed current Uniondale, the bank to fail Uniondale, private institution that was organized after Uniondale State Bank had been closed his report Lamm that he was charged with totaling Since that report filed two separate receiv erships established for the two banks and Lamm's report shows that ceiver for Uniondale State Bank assets which along totaled chargeable Lamm as receiver for the Bank of Uniondale assets totaling and farm acres. Chief of Plessinger day the James, and Miss Olive Van Meter. Okla The young couple will reside in that city where the groom is employed with jewelry