Inland Bank & Trust Company - Indianapolis, IN

Episode Information

Episode UID: 20009871552
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 2000987 routing
Routing Number: 20-0098
Start Date: April 1, 1929*
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 97c82beac5127aa0

Response Measures

None

Description

Article describes closing Dec 24, 1931 and an approved plan to end the receivership in 1934.

Events (3)

1. April 1, 1929* Other

Newspaper Excerpt: its $298,000 deposits having been sold to the State Savings & Trust Company in April, 1929.
Source: newspapers

2. December 24, 1931 Suspension

Cause: Government Action
Cause Details: Bank closed and placed in receivership on Dec. 24, 1931; deposits previously sold to State Savings & Trust Company.
Newspaper Excerpt: At the time of its closing, Dec. 24, 1931, the Inland bank had no depositors
Source: newspapers

3. January 22, 1934 Receivership

Newspaper Excerpt: Plan for ending receivership of the Inland Bank and Trust Company ... today was approved by Superior Judge John W. Kern.
Source: newspapers

Newspaper Articles (1)

1. January 22, 1934 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, January 22, 1934

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Article Text

# Inland Bank Liquidation # Plan Approved by Court Company and Two Affiliates Settle Claims for 50 Cents on Dollar. Plan for ending receivership of the Inland Bank and Trust Com- pany and two affiliated firms, through a settlement with creditors of 50 cents on the dollar, today was approved by Superior Judge John W. Kern. The affiliated companies are the Inland Investment Company and Inland National Corporation. At the time of its closing, Dec. 24, 1931, the Inland bank had no de- positors, its $298,000 deposits having been sold to the State Savings & Trust Company in April, 1929. Two of the principal stockholders and directors of the three com- panies, Eugene C. Shireman, Martinsville, and William M. Bartlett Jr., Indianapolis, are to pay the actual cash settlements, according to the plan. The petition states they have obtained waivers from the three other directors, who also were creditors, and options and consent from two of the principal creditors, the In- diana National bank, and Othniel Hitch, receiver for the Leaseholders Realty Company, owners of the In- land bank building. H. Nathan Swain, attorney, H. L. Clevenger, ac- countant, and the Inland National Corporation, a holding company, held all shares in the bank except the ninety shares required to be held by directors. Under today's agreement, Mr. Hitch will dismiss his suit, based on a $5,000 claim of the Leaseholders company. Principal creditor claim is said to be the Indiana National bank, with $20,000. All other claimed are said to total only about $50. # RELIGIOUS FANATIC # MURDERS TWO SONS 'Had Devil in Them,' Says Crazed Father. By United Press SEATTLE, Wash., Jan. 22.-A strange case of religious fanaticism was revealed today in the slaying of two young boys whose father allegedly confessed that he had been "told by God" to kill them. Police charged the father, Oscar Hestnes, 43, unemployed painter, with choking his sons, John, 9, and Henry, 5, to death. The bodies, with the throats bruised were found on a bedroom floor of the Hestnes home at Ballard near here. The father, for whom a sanity test was planned, insisted, police said, that he had been directed to kill the children "because they had the devil in them.' Scout Telescope Stolen A telescope valued at $250 was stolen from the Boy Scout reserva- tion north of Lawrence, F. O. Bel- zer, scout executive, reported today. Times Index Page Bridge .################