5297. Merom State Bank (Merom, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 13, 1915
Location
Merom, Indiana (39.056, -87.568)

Metadata

Model
gpt-5-mini
Short Digest
528eedc37bab27df

Response Measures

None

Description

State auditor of Indiana took charge of Merom State Bank in mid-April 1915; articles report the auditor 'took charge' and mention connection with Anchor Life Insurance and a receiver for that company. No mention of depositor run or reopening; this appears to be a government action suspension leading to receivership/closure.

Events (2)
1. April 13, 1915 Suspension
Cause
Government Action
Cause Details
Auditor of State Crittenberger (Indiana) took charge of the bank; bank was involved with Anchor Life Insurance Co., for which a receiver had been asked; rumored to hold insurance company stock as loan security.
Newspaper Excerpt
Auditor of State Crittenberger today took charge of the Merom State bank at Merom.
Source
newspapers
2. April 14, 1915 Receivership
Newspaper Excerpt
Auditor Crittenberger Takes Charge Without Reason Being Given...The Merom bank was mentioned in connection with the suit of a receivership for the Anchor Insurance Co.... It is rumored that the bank held $20,000 worth of the insurance company's stock as security for loans.
Source
newspapers

Newspaper Articles (2)
1. April 14, 1915 The Detroit Times Detroit, MI
Article from The Detroit Times, April 14, 1915

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Article Text

Indiana Bank Closed. INDIANAPOLIS, Ind., April 13.Auditor of State Crittenberger today took charge of the Merom State bank at Merom. This bank, it is understood, was involved with the Anchoi Life Insurance company, for which a receiver has been asked for by the state of Indiana.

2. April 14, 1915 South Bend News-Times South Bend, IN
Article from South Bend News-Times, April 14, 1915

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Article Text

TAKES OVER MEROM BANK Auditor Crittenberger Takes Charge Without Reason Being Given. INDIANAPOLIS, April 14.-Auditor of State Critterberger Tuesday took charge of the Meron State bank at Merom, Ind. No specific reason was announced. The Merom bank was mentioned in connection with the suit of a receivership for the Anchor Insurance Co. a few days ago. It is rumored that the bank held $20,000 worth of the insurance company's stock as security for loans.