Paoli State Bank (Paoli, IN)

Episode Information

Episode UID
9212518291571
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
921251829 hash
Start Date
November 24, 1930
Location
Paoli, Indiana (38.556, -86.468)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f7718b68ed2efb9c

Response Measures

None

Description

Closure appears initiated by directors' resolution (pending audit) and by 1932 the bank was in liquidation.

Events (2)
1. November 24, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Closed by directors' resolution pending audit by state banking authorities; directors expressed belief bank solvent.
Newspaper Excerpt
Paoli State bank failed to open today. notice posted on the door said the bank closed resolution directors pending audit by the state banking Directors express belief that the bank solvent
Source
newspapers
2. February 24, 1932 Other
Newspaper Excerpt
they ... at Paoli, Ind. yesterday two unmasked bandits apparently spent the day mapping plans to rob the Paoli State bank, neglecting to notice was process of liquidation.
Source
newspapers

Newspaper Articles (2)
1. November 25, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, November 25, 1930

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Article Text

Small Indiana Bank Suspends. PAOLI, Ind., Nov. 24 Paoli State bank failed to open today. notice posted on the door said the bank closed resolution directors pending audit by the state banking Directors express belief that the bank solvent, said time perfect plans to restore the cash

2. February 24, 1932 The Great Falls Leader Great Falls, MT

Article Text

ALL WORK, FOR SOME BANDITS CHICAGO, Feb. all work and not much If any pay for the bandits. robbers thieves in the midwest these days. Down at Paoli, Ind. yesterday two unmasked bandits apparently spent the day mapping plans to rob the Paoli State bank, neglecting to notice was process of liquidation. They got day before thief spent hours breaking weighing machine at gansport Ind find marked weight free, and there wasn't Here recently safe blowers gone the trouble of wrecking unlocked safes and getting even when they had signs on them saying they weren't locked.