State Bank - Monon, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 27, 1934
Location: Monon, Indiana (40.868, -86.879)

Metadata

Model: gpt-5-mini
Short Digest: bc8755fdcc4a67d8

Response Measures

None

Description

Article (Pharos-Tribune, 1934-05-28) refers to the 'Monon state bank' and says the bank had closed; the piece describes a court action concerning a check placed with bank officials the day before the bank closed. No mention of depositor runs, reopening, or receivership assignment in the excerpt, so this is classified as a suspension that resulted in closure. Date of closure not explicit; used newspaper date to approximate.

Events (1)

1. May 27, 1934 Suspension

Cause Details: Article only states the bank 'closed' and that a depositor sought treatment of an $8,000 check placed with bank officials the day before closure; no clear cause (no run, no government action) is specified.
Newspaper Excerpt: Mrs. Murray seeks to have an $8,000 check placed in the hands... the day before the bank closed, classed as a preferred claim.
Source: newspapers

Newspaper Articles (1)

1. May 28, 1934 The Pharos-Tribune Logansport, IN

Article from The Pharos-Tribune, May 28, 1934

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Article Text

SET ARGUMENTS IN MONON BANK ACTION HOOSIER HATCHERY June 2 has been set as the date and cooking. Preferably middle Michigantown, Ind. for the presentation of arguments aged. Phone 455. in the case of Mrs. Mary Flurray SEVERAL HUNDRED-ext'a nice against the Monon state bank, the White Rock Pullets. 7 wks May evidence in which was pre-ented TEA-and coffee route men-Big 28th Cockerels for capons. before Judge Pro Tem Track M. Bring coops. Hoosier Hatchery. reliable national company needs Kistler last week. In the action a more mea immediately. Pre- Mrs. Murray seeks to have an vious experience unnecessary BABY CHICKS-are now $6 50 per $8,000 check. placed in the hands but must be physically able and of bank officials the day before the 100. Compliance Code No. 528. willing to service 200 steady con- Nice lot started chicks. We do bank closed, classed as a preferred sumers on protected route and custom hatching claim.