State Stock Bank of Indiana (Peru, IN)

Episode Information

Episode UID
1398605490772
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
139860549 hash
Start Date
April 6, 1864
Location
Peru, Indiana (40.754, -86.069)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c0d586c04ce05a55

Response Measures

None

Description

Bank's notes were redeemed elsewhere at a heavy discount (85c), suggesting suspension and effective failure/closure.

Events (2)

1. April 6, 1864 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended and its notes redeemed at Bank of Goshen at 85 cents on the dollar, indicating insolvency/financial distress.
Newspaper Excerpt
Suspended Banks. ... STATE STOCK BANK, PERU. Redeemed at Bank of Goshen, Goshen at 85c.
Source
newspapers
2. July 18, 1864 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Repeated listing as suspended with redemption at 85 cents, indicating continued suspension/closure.
Newspaper Excerpt
State Stock Bank, Peru, 85 Redeemed at Bank of Goshen, Goshen, at
Source
newspapers

Newspaper Articles (2)

Article from Daily State Sentinel, April 6, 1864

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Article Text

BANK OF ROCKVILLE, WABASH. $15,615 Circulation MERCHANTS' & MECHANICS' BANK, NEW ALBANY. $1,037 Circulation Redeemed at the Branch Bank of the State, at New Albany. FARMERS' BANK OF WESTFIELD. $1,500 Circulation Redeemed at Fletchers' Bank. Indianapolis. LAGRANGE BANK, LIMA. $28,487 Circulation Redeemed at Lagrange Bank, Lima. CANAL BANK, EVANSVILLE. $467 Circulation Redeemed at First National Bank, Evansville. HOOSIER BANK, LOGANSPORT. Circulation $1,150 Redeemed by F.H. Wilson. Logansport, Indiana. BROOKVILLE BANK, BROOKVILLE. Circulation $2,003 Redeemed at Brookville Bank, Brookville. BANK OF INDIANA, MICHIGAN CITY. Circulation $1,494 Redeemed at C. B Blair's Banking House, Michigan City. FAYETTE COUNTY BANK, CONNERSVILLE. Circulation $556 Redeemed at Branch Bank of the State, Connersville. INDIAN RESERVE BANK, KoKoMo. Circulation $921 Redeemed at John Bohan & Co.'s office, Kokomo. BANK OF MONTICELLO. reulation $120 Redeemed at Branch Bank of the State, Lafayette. BANK OF SYRACUSE, GOSHEN. Circulation $1,823 Redeemed at Bank of Goshen, Goshen. CRESCENT CITY BANK, EVANSVILLE. Circulation $1,843 Redeemed at Crescent City Bank, Evansville. Suspended Banks. BANK OF NORTH AMERICA, CLINTON. Redeemed at Southern Bank, Terre Haute at 90c. STATE STOCK BANK, PERU. Redeemed at Bank of Goshen, Goshen at 85c. NEW YORK AND VIRGINIA STATE STOCK BANK. Redeemed olis at A. & J. C. S. Harrison's Bank, Indianapat par. WAYNE BANK, RICHMOND. at par. Redeemed at Fletcher's Bank, Indianapolis. WAYNE BANK, AT LOGANSPORT. Redeemed at Fletcher's Bank. Indianapolis at par.


Article from Evansville Daily Journal, July 18, 1864

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Article Text

SUSPENDED BANKS. Bank of North America. Ulinton. Redeemedat Southern Bank, Terre Hants, at 90c. State Stock Bank, Peru, 85 Redeemed at Bank of Goshen, Goshen, at. New York and Virginia State Stock Bank. Re'd at A, & J. C.S. Harrisons' B'k, Ind'p'ls par Way: e Bank, Richmond. Redeemed at Fletcher's Bank, Ind'p'lis. at par Wayne Bank. at Logansport. Redeemed at Fletcher's Bank, Ind'p lis....at par Boobe County Bank. Redeem dat Fletch r's Bank, Ind'p'lis...at par Traders' Bank, Nashville. Redeement at City Bank, Indianapolis at par Bank of Gosport. Re'dat E, W.Argenbright'soffice,Gomport,atpar