Farmers Trust Company - Huntington, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: March 4, 1925
Location: Huntington, Indiana (40.883, -85.497)

Metadata

Model: gpt-5-mini
Short Digest: 8d7ad66635c2f2ce

Response Measures

None

Description

Article (The Huntington Press, 1925-03-04) reports the local bank 'failed' and that John Wearly is receiver for Farmers Trust Company; mentions alleged embezzlement by Leonard Zeis. No mention of a depositor run — the bank has failed and receiver appointed, consistent with a suspension leading to closure/receivership.

Events (2)

1. March 4, 1925 Receivership

Newspaper Excerpt: John Wearly, receiver for Farmers Trust company.
Source: newspapers

2. March 4, 1925 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Article references alleged embezzlement by Leonard Zeis and multiple unpaid notes/claims leading to bank failure.
Newspaper Excerpt: local bank failed last ... John Wearly, receiver for Farmers Trust company.
Source: newspapers

Newspaper Articles (1)

1. March 4, 1925 The Huntington Press Huntington, IN

Article from The Huntington Press, March 4, 1925

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Article Text

Six complaints, asking the payment of were filed John Wearly, ceiver for Farmers Trust company. local bank failed last filed office Dessie Wright, clerk Huntington circuit court, yesterday. names of the defendants, together with the amount due in each case, Bailey and Mrs. Mary Bailey, Enoch Henry, Edward Keefer George Calvert Company, $200 Howard Hite and John Hite, Ovid Smith and John Smith. $300; Roy Eddingfield Elizabeth field, and Roy and Elizabeth Ed dingfield, $100. Files Quash Motion formal motion quash the plaint against Leonard Zeis, alleged bezzler, was filed yesterday by attorneys the defense. Zeis, who come tomorrow alleged made collections for the Insurance without turning the funds to The Huntington County State bank filed Clive Summers for $125, including the face note, terest on the amount and attorney fees. complaint Hillegas M. Eckman to discounted the bank. The debtors failed to pay. The amount of the was Amended Complaint An amended complaint consolidating making the Huntington Securities plaintiff the suit of the Huntington County State. Mason, asking foreclosure mortgage, was filed circuit yesterday. motion asking change of judge was filed by Eberhart Sapp, for the plaintiff the suit the Bippus State versus Robert T. Brown and John Schenkel. report of the sale of real estate for filed with the partition suit of Ida Wesco versus Charles Evidence was heard in the case Charles versus Swihart, Company, and Adolph Seymour, yesterday circuit court, which appeal from court Squire Jones, decided favor Poorman. Poorman alleged he was partner Seymour in the contract let by Swiand entitled portion the remuneration, which has been the hands court pending settlement of the suit. PAYMENT OF SIX NOTES ASKED BANK RECEIVER