4864. Old Adams County Bank (Decatur, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 13, 1930
Location
Decatur, Indiana (40.831, -84.929)

Metadata

Model
gpt-5-mini
Short Digest
421dd3595ea8fd10

Response Measures

None

Description

Articles report the Old Adams County Bank closed/failure (closed 'yesterday' in 1930-06-14 paper) and the deputy state banking commissioner took charge, indicating an official suspension and receivership/closure. OCR errors in Article 1 (garbled names and phrases) were corrected when extracting quotes and meaning. Other articles describe runs on neighboring banks triggered by this bank's failure, but there is no clear report of a depositor run on Old Adams County Bank itself prior to its closure.

Events (2)
1. June 13, 1930 Receivership
Newspaper Excerpt
Lower D. Barr, deputy state Thomas commissioner, who came banking charge of the here yesterday to Bank, also took old Adams County affairs the Feoples charge Loan and Trust Company. Matthias Kirsch is president institution closed E. the Bell vice president, and Lower D. Barr, deputy state commissioner, who came in charge of the bank here yesterday ... took charge of Old Adams County affairs (Article text indicates deputy state banking commissioner took charge.)
Source
newspapers
2. June 13, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Reported as a bank failure; the paper says the Old Adams County Bank 'was closed yesterday' and calls it a bank failure, prompting state banking commissioner involvement.
Newspaper Excerpt
bank closing Adams County Bank old having been closed yesterday. bank failure the the fourth was county of the old Adams Bank yesterday
Source
newspapers

Newspaper Articles (2)
1. June 14, 1930 The Kokomo Tribune Kokomo, IN
Article from The Kokomo Tribune, June 14, 1930

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Article Text

BANK FORCES SECOND RUN SUSPEND DECATUR TO AT and Trust Company, Decatur, capitalized doors at noon today closed the special meeting lowing directors. was the board In Decatur two bank closing Adams County Bank old having been closed yesterday. bank failure the the fourth was county of the old Adams Bank yesterday, steady Loan and Trust the Peoples continued this morning directors were compelled the bank noon. With the close the bank loft only the First city. serious run on this Bank. has was posted The Peoples Bank on the doors noon: for further protection of "Closed leaves four banks The are the First Nathe county. They tional Bank Decatur: the the Bank of Berne and State the Bank of Geneva. the two weeks the Within State Bank Berne and Peoples Grove Bank, also have the Linn been closed. Matthias Kirsch is president institution closed E. the Bell vice president, and Lower D. Barr, deputy state Thomas commissioner, who came banking charge of the here yesterday to Bank, also took old Adams County affairs the Feoples charge Loan and Trust Company. but declined to make statement.

2. June 14, 1930 The Springfield News-Leader Springfield, MO
Article from The Springfield News-Leader, June 14, 1930

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Article Text

MAIL THIEF CONFESSES TAKING $4000 IN LOOT ST. LOUIS, June 14.-(AP)Louis C. Kanuer, Jr., 26, confessed mail box thief, today led postoffice inspectors to west end apartments and lifted door mats and rugs to show them more than 100 rifled letters. He was arrested Thursday when he attempted to cash a stolen check. Kaneur said he had opened about 1000 letters and obtained about $4000 since Christmas. He recently served an 18-months sentence on a similar charge. POSTMASTERS NOMINATED WASHINGTON, June 14-The following postmaster nominations were sent to the senate today: Missouri-Buffalo, Phil Hawkins; Collins, Earnest R. Smith; Eldorado Springs, John M. Atkinson, Jr.; Joplin, Charles L. Martin; Keytesville, Joe P. Stiles: Labadie, George E. Drewel; Licking, Berry Crow; Lilbourn, George E. Richars; Westboro, George Bentley; Winona, Ruby Foster. INDIANA BANK CLOSES DECATUR, Ind., June 14-The People's Loan and Trust company, a $500,000 institution, was forced to suspend business at noon here today following mad run on the bank by depositors alarmed by the failure here yesterday of the $1,150,000 old Adams county bank. At the same time a run was being made on the First National bank. $3,000,000 institution here, and the only bank left operating here.