Bank of Redkey (Redkey, IN)

Episode Information

Episode UID
3112014691484
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
311201469 hash
Start Date
August 10, 1923
Location
Redkey, Indiana (40.349, -85.150)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9e72e2f446dae5e6

Response Measures

None

Description

Article explicitly reports the Bank of Redkey closed after a depositor run in August 1923 and is later referenced as having a receiver in 1927.

Events (2)
1. August 10, 1923 Run
Cause
Local Banks
Cause Details
Depositor run affecting local banks; Bank of Redkey closed under similar conditions to Farmers State Bank's run.
Newspaper Excerpt
Several days ago the bank of Redkey closed under similar conditions. A depositor's run has closed the Farmers State Bank.
Source
newspapers
2. December 30, 1927 Receivership
Newspaper Excerpt
Wilfred Stratton, the Union Sate Bank, receiver of the Bank of Redkey, Wellington Doddridge ... John W. Holmes, receiver of the Farmers State Bank of Portland.
Source
newspapers

Newspaper Articles (2)
1. August 10, 1923 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, August 10, 1923

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Article Text

Second Redkey Bank Closes By Times Special REDKEY, Ind., Aug. 10.-A depositor's run has closed the Farmers State Bank. Several days ago the bank of Redkey closed under similar conditions. A meeting of the stockholders will be held Aug. 17 and it is thought a new bank to be known as the Union State Bank of Redkey will be opened as a result of the consolidation of the two.

2. December 30, 1927 Muncie Evening Press Muncie, IN
Article from Muncie Evening Press, December 30, 1927

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Article Text

JUDGMENT OF $7,000 GRANTED BY COURT Ind., Dec. ment of $7,762.32 has been awarded the Aetna Life Insurance Company against Lucinda Stratton. Wilfred Stratton, the Union Sate Bank, receiver of the Bank of Redkey, Wellington Doddridge, Henry W. Lonknecker, Ward Bell, Powell, Wolfe and John W. Holmes, receiver of the Farmers State Bank of Portland. The judgment was awarded the insurance company by Judge R. Wheat Circuit Court on its notes, mortgag and receivership suit. Frank of this city, was named as receiver of the real estate in Jay County involved in the suit possession of the and he was given and placed under $1,000 property bond. English is spoken by about 000,000 people.