4728. Amboy State Bank (Amboy, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 12, 1918
Location
Amboy, Indiana (40.601, -85.929)

Metadata

Model
gpt-5-mini
Short Digest
b345a8f06be2f063

Response Measures

None

Description

The articles describe the state banking examiner closing the Amboy State Bank after discovering a large shortage due to alleged defalcation by cashier John W. Kendall, who had disappeared. A receiver was appointed June 18 (article gives Oct. 18) — no mention of a depositor run. Dates taken from article text: bank closed Oct. 12, 1918; receiver appointed Oct. 18, 1918.

Events (2)
1. October 12, 1918 Suspension
Cause
Government Action
Cause Details
Closed by state banking department examiner after discovery of $80,000–$90,000 shortage due to alleged defalcation by cashier John W. Kendall.
Newspaper Excerpt
Following an examination of the books of the Amboy State bank here ... the bank was closed by Robert Trass, a field examiner from the state banking department.
Source
newspapers
2. October 18, 1918 Receivership
Newspaper Excerpt
Judge Cole ... appointed William O. Fox receiver for the defunct Amboy State Bank at Amboy, which was closed by order of auditor of state following discovery of shortage reaching around $100,000, due to alleged defalcation of Cashier John Kendall, who is still missing.
Source
newspapers

Newspaper Articles (2)
1. October 17, 1918 Audubon County Journal Exira, IA
Article from Audubon County Journal, October 17, 1918

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Article Text

BANK CLOSED; $80,000 GONE Cashier of the Amboy (Ind.) State Institution Disappeared a Week Ago. I Amboy, Ind., Oct. 12.-Following an examination of the books of the Amboy State bank here and after it had been ascertained that John W. Kendall, former cashier of the bank, had disappeared about a week ago, the bank was closed by Robert Trass, a field examiner from the state banking department. Mr. Trass stated that the shortage of the bank was between $80,000 and $90,000. Kendall had been cashier of the bank for about four years. but was removed last week. It is expected a receiver will be appointed for the bank.

2. October 18, 1918 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, October 18, 1918

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Article Text

RECEIVER FOR DEFUNCT bank. PERU, Ind., Oct. 18.-Judge Cole, of the Miami circuit court, appointed William O. Fox receiver for the defunct Amboy State Bank at Amboy, which was closed by order of auditor of state following discovery of shortage reaching around $100,000, due to alleged defalcation of Cashier John Kendall, who is still missing.