State Bank - Kimmell, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1931*
Location: Kimmell, Indiana (41.395, -85.548)

Metadata

Model: gpt-5-mini
Short Digest: 00074080badbbed6

Response Measures

None

Description

Article (Garrett Clipper, 1931-02-26) reports the closing of the Kimmell State Bank and directors announcing liquidation after about $15,000 in deposits were withdrawn. Text is OCR-corrupt but indicates the bank closed and will liquidate (permanent closure). No explicit independent run described beyond gradual withdrawals; cause not specified in the article.

Events (2)

1. February 1, 1931* Suspension

Cause Details: Article notes about $15,000 withdrawn prior to closing but does not identify a specific trigger (rumor, correspondent failure, or bank-specific scandal). Described as gradual withdrawals leading to closing.
Newspaper Excerpt: Closing of the Kimmell State bank Kimmell, in Noble county ... deposits $15,000 withdrawn. Directors announc... they would liquidate
Source: newspapers

2. * Other

Newspaper Excerpt: Directors announced they would liquidate. The bank organized ... (closure and liquidation noted).
Source: newspapers

Newspaper Articles (1)

1. February 26, 1931 Garrett Clipper Garrett, IN

Article from Garrett Clipper, February 26, 1931

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Article Text

"blue Monday" for Frank Small he opened his restaurant morning two bandits robbed Closing of the Kimmell State bank Kimmell, in Noble county by the of Saturday gradual during which deposits $15,000 withdrawn. Directors announcSaturday they would liquidate The bank organized