Farmers State Bank (Summitville, IN)

Episode Information

Episode UID
71115971593
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7111597 routing
Routing Number
71-1159
Start Date
September 13, 1932
Location
Summitville, Indiana (40.339, -85.644)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cce9db83d4b08385

Response Measures

None

Description

Bank voluntarily closed and a receiver was appointed; multiple later court/receiver actions confirm liquidation.

Events (4)
1. September 13, 1932 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank 'voluntarily closed its doors' and did not reopen; closure led to receiver appointment.
Newspaper Excerpt
the bank, which voluntarily closed its doors last Tuesday.
Source
newspapers
2. September 20, 1932 Receivership
Newspaper Excerpt
A. Vinson... was this morning appointed by Judge Lawrence Busby of Circuit Court, as receiver for the bank
Source
newspapers
3. December 30, 1933 Receivership
Newspaper Excerpt
Petition asking authority of the court to distribute about $3,000 trust fund assets that are being held the Farmer's State Bank, Summitville, which the process liquidation, was filed yesterday circuit court by Oscar Vinson, receiver for the bank.
Source
newspapers
4. February 28, 1934 Receivership
Newspaper Excerpt
Petireceiver filed for order con firming his agreement to take home owners bonds full payment and mortgage against 20 Homestead addition, Summitville.
Source
newspapers

Newspaper Articles (3)
1. September 20, 1932 The Star Press Muncie, IN

Article Text

SUMMITVILLE BANK RECEIVER IS NAMED Farmers State Cashier Appointed by Court. Summitville, Ind., Sept. A. Vinson, who has been cashier of rick the Farmers State Bank here for number of years, was this morning appointed by Judge Lawrence Busby of Circuit Court, as receiver for the bank, which voluntarily closed its doors last Tuesday. Mr. Vinson is expected to file bond of $10,000 as required by the court order within the next day or two, and and begin active work on the liquidation of the bank's assets. His appointment was made on the petition of the Indiana banking department, through Luther Symons, the most economical means of closing up the daughter, bank's affairs. expected that distribution of quick assets will be made to depositors in short time as result of the apDavis pointment of the receiver. There are no indications that steps will be taken this time to re-open the bank for business. All-day services were held at the and Baptist Church Sunday in connection with evangelistic services. basket after the morning worship, and largely tended fellowship with special held in the afternoon. The night drew an audience which filled the building. teenth Special services will continue every night this week. Reeder. Red Cross sewing unit has been organized here with Mrs. Harold Kilchairman. materials will used pending the arrival terson, shipment of the cotton cloth donated by the government. Cast off and outgrown garments will also be made into suitable clothing for children. Mrs. John Bezell was hostess to the September of the New Hope Community Club. Mrs. Joe Elsworth will be hostess to the meeting. District and Mrs. Thompson are en route home by motor from Portland, Ore., where they the national the Legion. They are Post and Muncie. Mrs. Fred Moss. They will stop in for visit with sister of Mr. Moss.

2. December 30, 1933 The Anderson Herald Anderson, IN

Article Text

NAME RECEIVER FOR EXCHANGE Receiver Asked Until Owners Settle Controversy Everett McDaniels, local attorney, appointed receiver for AnMerchantile Exchange, Inc., 1610 Madison avenue, yesterday circuit court. controversy among stockholders over the appointment manager for the exchange for 1934, is given the reason for the naming of Jonas M. Whetstone has been manager during 1933, and the stockholders are said to be divided regarding the renewal of his contract. McDaniels has been appointed receiver until such time as the stockholders adjust their Plaintiffs who asked for the appointment of receiver Thomas Bronnenberg, James Murphy, Virgil Hoppes, Robert Vestal, Krugler, Elmer Stinson, Fred Seybert, Jesse Hoppes, Henry Stinson, H. Johns, Homer Harmeson, Henry Love, John T. Runk, William Myers, Joseph Lanane, John L. Bird, John R. Ellison, Samuel Hoppes, Quincy Hoppes, ford D. Soals, Jacob Hartzell, Anthony Oliver Harold Conrad and William J. Bulen. Defendants are Jonas Whet stone, as manager and treasurer; John W. Cunningham, president the Board of Directors; Davis, member of the board, and Arthur Hannah, stockholder. Bond in the sum of $5,000 was furnished by Mr. approved Judge Charles Smith. RECEIVER FILES PETITION petition asking authority of the court to distribute about $3,000 trust fund assets that are being held the Farmer's State Bank, Summitville, which the process liquidation, was filed yesterday circuit court by Oscar Vinson, receiver for the bank. The receiver he can pay nine accounts and asks the court advise him as which of the claims classed preferred. The individual sums range from 50 cents to $1,184.55. NEW SUITS FILED Jones, deceased William Robert and Diven. Thomas Bronnenberg Anderson Mercantile Exchange receiver. Ryan Court real estate. Lanham Mary Elizabeth Lewis Kimberlin. MINUTES Circuit Court Farmers State receiver filed. receiver filed. Petition heard. finding exists receiver. ordered charge defendant bond in the sum

3. February 28, 1934 Anderson Daily Bulletin Anderson, IN

Article Text

Court CIRCUIT COURT RECORD Hazel Johnson Metropolitan Life Insurance Company, suit on inpolicy. Dismissed. Charles Hughes, of the and testament of Margaret Bell, deceased, VS. Arthur al., petition sell real estate. Separate answer of each defendant fil. Charles Tucker vs. Jacob Price, al., complaint $200. Rule against plaintiff to anMary Elizabeth Morris V8. Charles Morris, petition execuasking and terpret of decedent. Separate answers defendant filed. State Indiana Elma failure support parent. Cause all defendclerk of ordered make release of bonds on judgmient docket. Milton P'Simer Beatrix Isaacs, al., note, $196.88. Finding for Beckem Reardon Union Tracpersonal injuries, Defendant's motion require plain tiff make his amended complaint specific United States Fidelity Guaranty Company David M. Talbert, at fidavit garnishment. Rule defendfile answer by next call, March 1934. Russell H. Baker George Iterman, et al., damages malpractice and personal injuries, $50, 000. Motion each defendant for trial Hanson Brattain VS. James Day, in general denial filed. Goodyear Glove Rubber Company Edward account, Finding for plaintiff on first paragraph in amount $60.93 interest percent per annum. Finding for plaintiff on ond paragraph on complaint in sum of Nellie Harless, al., Ezekial Parker, writ habeas Writ ordered issued returnable March The Ames Shovel Tool Co., Thomas Stanley account agreement the parties judg ment plaintiff sum $100 garnishee shall issue therelong payments made equivalent what securThe Ames Shovel and Tool Company, Herschel Mitchell, count, Finding for plaintiff in sum State Indiana Virgil John burglary and grand larceay Dismissed. Company notes, $180. against answer by next call, March 1934 State Indiana on the relation of Nellie Rainer Chester Foster bastardy. cause taken advisement until March Lumber and Coal Company Fred Whetsel, foreclose lien. $275. Rule against defendants file answer by March Lumber Company Elwood, Finding for plaintiff sum Judgment rate of percent Fred Helen Fowler By agreement plaintiff sum of $10 the 25th day each month and $10 on the 10th day of each Curley Sam Allen his next friend Martha Allen, Order court for summons to sheriff of Lake Indiana, for defendant, Martha Alice Allen, returnable March 15, New York Life Insurance Compa Noah Ingalls, et al, plaint notes foreclose mortgage $4,300. Proof service of notice filed. Writ ordered issued. State of Indiana on Relation of Luther Symons, bank commissioner the State of Indiana Farmers State Bank, receiver. Petireceiver filed for order con firming his agreement to take home owners bonds full payment and mortgage against 20 Homestead addition, Summitville. Mortgage and executed Kate Lewark in the sum of $1,154 and accept said in full payment note mortgage Home Owners Bonds of Federal Government, and release mortgage on same. Order granted. Mary Brown vs. Nellie G. Critch suit to contest will. The regular judge of this court having counsel in matter this cause disqualifies himself by parties Fred Hines, Judge the Hamilton appointed special judge cause, Paul Victor al, complaint for damages $750. sustained to defendant Victor A. Blubaugh. Demuroverruled as to defendant Edna Blubaugh. Daniel Snider vs. Jesse Smith, complaint Demurrer of defendant sustained. James Heffner Ella Ray, partition real estate. Report filed approved. Deed reportand approved.