State Bank (Westfield, IN)

Episode Information

Episode UID
71094571573
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7109457 routing
Routing Number
71-0945
Start Date
January 16, 1931
Location
Westfield, Indiana (40.028, -86.157)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6f736c9c404bff97

Response Measures

None

Events (5)

1. January 16, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after losses from bad notes and mortgages leading to insolvency; receiver petition filed.
Newspaper Excerpt
The bank was closed a week ago.
Source
newspapers
2. January 23, 1931 Receivership
Newspaper Excerpt
A petition asking appointment of receiver for the State bank of Westfield ... was filed in Hamilton circuit court here today by Luther F. Symons, state banking commissioner.
Source
newspapers
3. March 2, 1931 Receivership
Newspaper Excerpt
Judge Fred E. Hines of Hamilton circuit court here appointed Harry Talbert receiver of the bank.
Source
newspapers
4. May 13, 1931 Other
Newspaper Excerpt
Harry Talbert, receiver of the State Bank of Westfield, ... filed a petition ... to assess stockholders 100 per cent; losses ... will total $47,000.
Source
newspapers
5. July 11, 1931 Other
Newspaper Excerpt
Harry Talbert, receiver of the defunct Westfield State bank, will pay a 25 per cent dividend to depositors within two weeks.
Source
newspapers

Newspaper Articles (11)

Article from The Indianapolis Times, January 23, 1931

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Article Text

Bank Receiver Asked By United Press NOBLESVILLE, Ind., Jan. 23.A petition asking appointment of receiver for the State bank of Westfield, Hamilton county, was filed in Hamilton circuit court here today by Luther F. Symons, state banking commissioner. The bank was closed a week ago. Hearing will be held Feb. 2.


Article Text

Bank Receiver Asked By United NOBLESVILLE, Ind., Jan. 23.A petition asking appointment of receiver for the State bank of Westfield, Hamilton county, was filed in court here today by Luther F. state banking The bank was closed a week ago. Hearing will be held Feb.


Article from The Indianapolis Times, March 2, 1931

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Article Text

Bank Receiver Chosen By Times Special NOBLESVILLE, Ind., March 2.On recommendation of Luther F. Symons, state banking commissioner and stockholder of the defunct State Bank of Westfield, Judge Fred E. Hines of Hamilton circuit court here appointed Harry Talbert receiver of the bank.


Article Text

SLAYER IS EXECUTED Bandit Pays With Life for Killing Messenger. United Pa., March Thomas Martin, Philadelphia, was electrocuted at Rockview penitentiary today for the murder Cameron during $34,000 robbery, Dec. Decatur Banks Merge DECATUR, Ind., March old Adams county bank here became the county's strongest institution Saturday when it was merged with the New People's Loan Trust Company. the bined institutions are Old Adams bank founded 1874 People's Loan Trust Company in 1930. Bank Receiver Chosen Times Special NOBLESVILLE, Ind., March On Luther Symons, state banking commissioner of the defunct State Bank Westfield, Judge Fred Hines of Hamilton circuit court here appointed Harry Talbert receiver of the bank.


Article Text

FARMS Four Pieces of Noblesville Property and One In Sheridan LINDSAY BALLARD BUYS A TRACT New Litigations Filed and Marriage Licenses Issued Eight farms in Hamilton county, four pieces of property in Noblesresidence Sheridan changed hands during the endWednesday, according the books the office of Recorder Kinnaman. tract of land in Washington township which Lindsay H Ballard bought Clara Hinshaw was priced at $3,000 which topped the list week. Other farms which changed owners were located Delaware, White River, Clay and Noblesville The transfers for the week are follows: Oley Swank to Leurel lot in George Leach Donovan land twp., Otto Kirby to James Coverdale. lot in Noblesville, Cleave Thomas John W. dergrass, land Delaware twp., $1. Clara Lindsay Washington Clark Mallery Albert Ewing, lot in Sheridan, $200. Albert Ross Ora Kirby, Noblesville, Lindsay H. Ballard to John Pendergrass, land in Delaware Elmer Shelburne to Sadie Brouhard, land Clay twp., James Newby Mollie Newland in White River twp., William Maker to Alfred Moldthan, land in Delaware Mary Carey to Lotta Carey, land in Delaware Edgar Coffman Edgar Moldthan, land in New Cases Filed Ralph Kane Joseph Morgan. receiver of the Greek Orthodox church St. Trias, complaint for torney Rosa Greenwood Hudie Greenwood, complaint for divorce; change of venue from Madison county. David State, tition for of coram nobis. Dorser Clark Kessler Boulevard Realty Co., complaint foreclose mechanics Harry Talbert, receiver State Bank Westfield Charles and Mabel Osman, complaint for possession of real estate. Marriage Licenses Eugene Brewer and Iris Hulse. Elwood D. Craig and Grace M. Buscher James McCown and Ethel M. Cobble.


Article from The Indianapolis Times, May 13, 1931

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Article Text

Bank Receiver Sues By Times Special NOBLESVILLE, Ind., May 13.A petition has been filed in Hamilton circuit court here by Harry Talbert, receiver of the State Bank of Westfield, closed in January, for an order to assess stockholders 100 per cent. Talbert sets out that losses, due to bad notes and mortgages, will total $47,000.


Article Text

STOCKHOLDER LEVY ASKED Bank Receiver Also Seeks Permission to Sell Property. [Special to The News) NOBLESVILLE, Ind., May 13.Harry Talbert, receiver for the defunct State Bank of Westfield, has filed a petition in n court asking to make an assessment of 100 per cent. on all stockholders. The receiver asserts the bank will lose approximately $47 000 because of uncollectable notes and mortgages. The petition further asks for the privilege of selling the bank building, now occupied by the Jolietville State Bank, which was moved to Westfield recently from Jolietville and which will change its name as soon as charter is issued.


Article Text

STREAM SURVEY ASKED Indiana Waters to Be Examined for Trout Stocking. Dr. Will Scott of Indiana university and two students will survey Indiana to determine to what extent they may be stocked with trout, was announced today by Walter Shirts, chief of the fish and game division of the state conservation department, under whose auspices the survey is to be made. Bank Receiver Sues By Times Special NOBLESVILLE Ind., May 13.A petition has been filed in Hamilton circuit court here by Harry Talbert, receiver of the State Bank of Westfield, closed in January, for an order to assess stockholders 100 per cent. Talbert sets out that losses, due to bad notes and mortgages, will total $47,000.


Article from The Indianapolis Times, July 11, 1931

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Article Text

Closed Banks to Pay By Times Special NOBLESVILLE, Ind., July 11.Harry Talbert, receiver of the defunct Westfield State bank, will pay a 25 per cent dividend to depositors within two weeks. This will be the first dividend since the bank was closed last January. Floyd Christian, receiver for the Arcadia Loan and Investment Company, has been authorized to pay a dividend of 15 per cent to depositors, which will be the first paid.


Article from The Indianapolis Times, July 25, 1931

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Article Text

# Bank Asks Name Change By Times Special NOBLESVILLE, Ind., July 25.- The Jolietville State bank has filed a petition in Hamilton circuit court here to change its name to Union State bank. This institution was moved from Jolietville to Westfield recently when the State bank of Westfield went into the hands of a receiver, but the name of the Jolietville State bank was maintained. Half of the stock is owned by residents of Jolietville and the other half by residents of Westfield. Harry Talbert, receiver for the State bank of Westfield, is paying a 25 per cent dividend to depositors.


Article Text

Other News Day From the Court House Harry Talbert receiver for the State Bank, of Westfield. has Calvin Higbee, tract of land in Washington township, according deed filed with Recorder Kinnaman, the consideration being Hattery released Mrs. Fred and Mrs. Ethel Summitt from jail, Thursday evening. They side Sheridan and both of them served days, the result of being fined Judge Hines charges intoxication. The Central Acceptance Company has brought proceedings court against Milo and Rosalind Maudlin for foreclosure chattel mortgage. The County Commissioners are scheduled meet special sion next Monday for the purpose of allowing claims for the primelection. roughly estimated that the primary between and Forty cents be allowed for meals compared with fifty and cents paid few The election years ficials will be paid for only two meals and two days' work according to the rule laid down by the Board. Most of the precincts were finished counting the vote before midnight.