5324. Mooreland State Bank (Mooreland, IN)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
March 1, 1933*
Location
Mooreland, Indiana (39.998, -85.251)

Metadata

Model
gpt-5-mini
Short Digest
3dc75dbfeea2a474

Response Measures

None

Description

OCR errors in Article 1 corrected (State Moreland -> Mooreland State). Articles indicate the Mooreland State Bank was closed in March 1933 (likely due to the banking holiday/official actions) and reopened on/around April 7, 1933 after 80% of depositors signed agreements not to withdraw. No explicit bank run is described in the texts; Article 1 mentions receivers will be sought for several Henry County banks including Mooreland, but reopening article shows the bank resumed as a class bank after depositor agreements.

Events (2)

1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed in March 1933 during the period of bank failures/closures and banking holiday; included among banks for which receiverships were to be sought.
Newspaper Excerpt
Eighteen banks, including five Federal Reserve member banks, still closed. seven for which receiverships will sought ... the State Moreland;
Source
newspapers
2. April 7, 1933 Reopening
Newspaper Excerpt
Mooreland Bank Opened The Mooreland State Bank, closed since March reopened ... after 80% of the depositors had signed on their deposits, agreeing not to withdraw any of the money year.
Source
newspapers

Newspaper Articles (2)

Article from The Richmond Item, March 25, 1933

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Article Text

Attack Made on Report Filed by Finance Director RECEIVERS TO NAMED FOR HENRY BANKS New Lisbon, Mt. Summit, Mooreland and Spiceland Banks Included in Plan March Symons, state banking said today applications will made for the appointfor state banks failed open since the the holiday by President The bank said 314 chartered banks and trust companies given class rating have been opened and that others open with class Those moderate restrictions currency withdrawals while those class open percent restrictions withdrawals. Eighteen banks, including five Federal Reserve member banks, still closed. seven for which receiverships will sought The Markle State Harlan bank: the Farmers' State bank of New Mount Summit State the Citizens Amo; the State Moreland; and the Henry County State bank of Spiceland. Bevis covering an investigation charges against Highway rector Merrell and Van highway connection the parts from the state attacked day by Secretary George "the the report, Myers declared that that available ignored entirely the wash report indicates that the director finance did interview the authorities,' Mr. Myers. order to be fair should interviewed both parties this transaction.' The DeWitt Clinton high school York the largest Ohio, March high has an report Finance Director Howard enrollment of over 10,000.


Article from Tri-County Banner, April 7, 1933

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Article Text

Mooreland Bank Opened The Mooreland State Bank, closed since March reopened Class bank after 80% of the depositors had signed on their deposits, agreeing not to withdraw any of the money year. When the was about to lose its bank, commitformed and canvass made the 602 dinner given Wednesday night Mooreland celebrating the Morgan, this city, was present.