4784. Farmers State Bank (Boston, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1933*
Location
Boston, Indiana (39.741, -84.852)

Metadata

Model
gpt-5-mini
Short Digest
52dbfe5592e23096

Response Measures

None

Description

Newspaper articles (Mar 31–Apr 1, 1933) report the Farmers' State Bank of Boston, IN suspended operations recently and a receiver (Luther Stanley) was appointed and filed bond. The suspension appears caused by heavy withdrawals (a percent-withdrawal limit had been put into effect); no explicit independent run event is described beyond withdrawals. Receiver named Mar 31, 1933.

Events (2)
1. March 1, 1933* Suspension
Cause Details
Bank closed after imposition of a percentage-withdrawal limit due to heavy withdrawals; articles say it suspended operations only recently.
Newspaper Excerpt
The Farmer's State bank closed after recent percent withdraw limit was put into effect.
Source
newspapers
2. March 31, 1933 Receivership
Newspaper Excerpt
The Farmers' State bank, Boston, Ind., placed receivership yesterday, filed by Luther Stanley, attorney, named receiver ... bond of $10,000.
Source
newspapers

Newspaper Articles (2)
1. March 31, 1933 Palladium-Item Richmond, IN
Article from Palladium-Item, March 31, 1933

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Article Text

STANLEY BOSTON BANK RECEIVER Richmond attorney named receiver for Farm bank Boston following court. today The hearing petition of bank which he asked the appointment of the Stanley was named by Judge Hoelscher and filed bond $10,000 after his The bank did not contest the receiverThe Farmer's State bank closed after recent percent withdraw limit was put into effect.

2. April 1, 1933 The Richmond Item Richmond, IN
Article from The Richmond Item, April 1, 1933

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Article Text

Receiver Named for Boston Bank The Farmers' State bank, Boston, Ind., placed receivership yesterday, filed by Luther Stanley, attorney, named receiver institution bond of $10,000. The contested the bank, which suspended operations only recently.