Article Text
Receiver of The J. F. Wild & Co., a State Bank, 703 State Savings and Trust Building, 129. East Market St., Indianapolis, Indiana. Telephone-Lincoln 2312.
J. F. Wild & Company (Indianapolis, IN)
Episode Information
- Episode UID
2797669891525- Episode Type
- Suspension → Closure
- Bank Type
- state
- Bank ID
-
279766989hash - Start Date
- January 1, 1927*
- Location
- Indianapolis, Indiana (39.768, -86.158)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
525a581585677459
Response Measures
None
Description
Bank closed in 1927 and remained defunct with a receiver handling assets into 1930.
Events (2)
1.
January 1, 1927*
Suspension
- Cause Details
- Bank closed its doors in 1927 amid insolvency and did not resume operations.
- Newspaper Excerpt
- the time its doors were closed in 1927.
- Source
- newspapers
2.
June 17, 1930
Receivership
- Newspaper Excerpt
- Receiver of The J. F. Wild & Co., a State Bank, 703 State Savings and Trust Building, 129. East Market St., Indianapolis, Indiana.
- Source
- newspapers
Newspaper Articles (3)
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Article Text
Future dividends to depositors of the defunct J. F. Wild & Co. State bank will be reduced materially because of a recent ruling of the appellate court in which the bank's receiver was prohibited from collecting three notes aggregating $125,000, Probate Judge Mahlon E. Bash said in a statement issued today. Hopes of Richard L. Lowther, receiver, to pay out a total of 72½ per cent to depositors may be shattered, Bash indicated. To date depositors have received 62½ per cent of money on deposit in the bank at the time its doors were closed in 1927. Lowther indicated today a rehearing will be asked of the appellate court on the decision as handed down Thursday. The appellate court, Bash pointed out, upheld a Marion superior court decision which released three Indianapolis financiers from paying
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Article Text
RULING MAY SHATTER WILD DEPOSITORS' HOPES Future dividends to depositors of individual notes aggregating $100,000 to the receiver. Interest total on the defunct J. F. Wild & Co. State the notes raised the obligation to bank will be reduced materially be$125,000. Notes were executed by Robert I. cause of a recent ruling of the apTodd and John J. Appel, now dead, pellate court in which the bank's and Frank M. Milligan. Todd and receiver was prohibited from collectAppel each executed $25,000 notes ing three notes aggregating $125,000, on the bank prior to the closing, Probate Judge Mahlon E. Bash said and Milligan executed a similar in a statement issued today. paper for $50,000. Milligan and Hopes of Richard L. Lowther, reexecutors of the estates of Todd and ceiver, to pay out a total of 72½ per Appel sued to avoid payment. cent to depositors may be shattered, Bash's statement read: Bash indicated. To date depositors "If the decision of the appellate have received 62½ per cent of court stands the final dividend to money on deposit in the bank at the depositors will be reduced matetime its doors were closed in 1927. rially. This shrinkage of $125,000, Lowther indicated today a retogether with complete loss of the hearing will be asked of the appelbank's interest in the Wild building, late court on the decision as handed Majestic building, Elevator Realty down Thursday. Company, Inglerose Investment The appellate court, Bash pointed Company, and many other worthless out, upheld a Marion superior court securities makes the bank insolvent decision which released three Inby almost $900,000. dianapolis financiers from paying