4715. Acton State Bank (Acton, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 21, 1928
Location
Acton, Indiana (39.656, -85.967)

Metadata

Model
gpt-5-mini
Short Digest
56db71f9f0194caf

Response Measures

None

Description

Newspapers report the State Bank Commissioner closed the Acton State Bank in mid-June 1928 and sought a receiver; no mention of a depositor run. This indicates a suspension by government action followed by receivership (permanent closure). The June 21, 1928 article sets a hearing for appointment of a receiver on the coming Saturday (June 23, 1928).

Events (2)
1. June 21, 1928 Suspension
Cause
Government Action
Cause Details
State Bank Commissioner Luther F. Symons closed the institution earlier that week and brought suit for appointment of a receiver.
Newspaper Excerpt
Hearing on the appointment of a receiver for the Acton State Bank of Acton, sought by State Bank Commissioner Luther F. Symons, who closed the institution early this week, has been set for 9, Saturday morning...
Source
newspapers
2. June 23, 1928 Receivership
Newspaper Excerpt
Hearing on the appointment of a receiver for the Acton State Bank of Acton ... has been set for 9, Saturday morning, before Superior Judge Byron K. Elliott. Symons brought suit for the receiver.
Source
newspapers

Newspaper Articles (2)
1. September 1, 1927 The Hancock Democrat Greenfield, IN
Article from The Hancock Democrat, September 1, 1927

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Article Text

New Cases Filed The Acton State Bank Acton Groyson Albert doing business under the partners, firm of Groyson Coffin. and for receiver. Demand William Nicklaus versus Heller, Morris, al., acceptance. Oliver Newman versus estate Philander Collyer, deceased, claim, Lillian Shea versus Herbert note, Board Children's Guardians Hancock County, Indiana versus Hannah, suit for custody children. Horace Trabue and Edith Trabue versus Al Malroy, Marshal, application for Habeus Corpus. Nell Ashton versus Nelson Ashton, for divorce. Jesse Barnard, versus McCame, al., suit for partition real estate.

2. June 21, 1928 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, June 21, 1928

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Article Text

The City in Brief FRIDAY EVENTS Knights of Columbus luncheon, SpinkArms. Exchange Club luncheon, Lincoln. Altrusa Club luncheon. Columbia Club. Master Painters' Association lunchcon. Elks Club. Optimists Club luncheon, Claypool. Phi Delta Theta luntheon, Chamber of Commerce. First Ward Republican Club meeting, Compton Hall, 8 p. m. Hearing on appointment of a receiver for the Acton State Bank of Acton, sought by State Bank Commissioner Luther F. Symons, who closed the institution early this week, has been set for 9, Saturday morning, before Superior Judge Byron K. Elliott. Symons brought suit for the receiver. A miniature Statue of Liberty, and a big mantel clock were stolen from the apartment of Miss Flossie Becker, 3032 E. Washington St., early Thursday morning she reported to police. She values the loot at $50. Mrs. A. Z. Dickman, 136 Central Ave., reported an antique quilt, an heirloom valued at $50, stolen from the wash line in her backyard. Miss Mary Frances Rasley, 11, of 2856 Macpherson St., received a broken shoulder when struck by an automobile driven by L. G. Cumming,s, 4166 Washington Blvd., near her home. Sixteen stitches were necessary to close a shoulder wound received by Osner Wells, 2906 Brookside Ave, in an automobile accident Wednesday afternoon. Cars driven by his nephew, August Wells, 611 E Twenty-Fourth St., and William T'. Riley, 1718 W. North St., collided at Walcott and Ohio Sts. Thomas Snyder, Indiana Motor Truck Association secretary, has received word from Henry T. Davis, Indianapolis convention bureau manager, that the Midwest Motor Transportation Congress will mect here in October, 1929. Davis attended a meeting of officers at Columbus, Ohio. The meeting will bring about 2,000 visitors. Hearing on the $15,000 suit of the Madison County Farm Bureau against the Commercial Insurance Company, Newark, N. J., in Federal Court, was continued Wednesday afternoon in order to permit an audit of boks of Henry Shuman, former bureau manager, accused of having caused losses the insurance company is asked to make good.