Auburn State Bank - AUBURN, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1904
Location: AUBURN, Indiana (41.367, -85.059)

Metadata

Model: gpt-5-mini
Short Digest: 1905d5da44774e08

Response Measures

None

Description

Article (Indianapolis Journal, 1904-03-01) states the Auburn Bank of Auburn, Ind. is 'defunct' and 'now in the hands of a receiver.' No mention of a depositor run; indicates the bank was closed and placed in receivership. Date of article used as event date for receivership/suspension since no earlier date is given.

Events (2)

1. March 1, 1904 Receivership

Newspaper Excerpt: now in the hands of a receiver. He believes that if the affairs of the company financed by the bank are correctly administered the institution will be restored to solvency.
Source: newspapers

2. March 1, 1904 Suspension

Cause: Government Action
Cause Details: Bank is defunct and placed in the hands of a receiver according to state bank examiner; effectively suspended operations and taken into receivership.
Newspaper Excerpt: the defunct Auburn Bank of Auburn, Ind., now in the hands of a receiver.
Source: newspapers

Newspaper Articles (1)

1. March 1, 1904 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 1, 1904

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Article Text

Bank May Be Solvent. State Bank Examiner E. M. Hinshaw returned here yesterday, after several conferences with stockholders of the defunct Auburn Bank of Auburn, Ind., now in the hands of a receiver. He believes that if the affairs of the company financed by the bank are correctly administered the institution will be restored to solvency.