Ladoga State Bank - Ladoga, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1927*
Location: Ladoga, Indiana (39.914, -86.801)

Metadata

Model: gpt-5-mini
Short Digest: 9ce01981a4fa4de8

Response Measures

None

Description

Article reports that the State Bank of Ladoga was closed by the state bank (state banking authority) and that a new charter was granted for the Ladoga State Bank to replace the closed institution. No run is mentioned; the prior bank was closed by government action and appears to be permanently closed and replaced by a newly chartered state bank.

Events (2)

1. February 1, 1927* Suspension

Cause: Government Action
Cause Details: Closed by the state bank (state bank commissioner/authority) a few days before the charter was granted for the replacement institution.
Newspaper Excerpt: The new bank will replace the State Bank of Ladoga, which was closed by the state bank several days ago.
Source: newspapers

2. March 2, 1927 Other

Newspaper Excerpt: A charter was granted to the Ladoga State Bank by the state charter board at its regular session. The new bank will replace the State Bank of Ladoga ... have capital stock of 25,000.
Source: newspapers

Newspaper Articles (1)

1. March 2, 1927 The Indianapolis News Indianapolis, IN

Article from The Indianapolis News, March 2, 1927

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Article Text

BANK CHARTER GRANTED Ladoga State Bank Replaces Institution Closed Recently. A charter was granted to the Ladoga State Bank by the state charter board at its regular session, The new bank will replace the State Bank of Ladoga, which was closed by the state bank several days ago frozen of Greencastle president Homer is and James Ladoga, of Greencastle in cashier. are experienced cording to the report of the state bank missioner Luther to of the charter new bank have capital stock of 25,000. More than subscribers petitioned the board for the charter.