5374. Old State Bank (Oakland City, IN)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Start Date
December 22, 1931
Location
Oakland City, Indiana (38.339, -87.345)

Metadata

Model
gpt-5-mini
Short Digest
fdbae19ff81535df

Response Measures

None

Description

Newspaper account (Evansville Press) on 1931-12-22 reports a heavy run on deposits that caused the Old State Bank of Oakland City to close its doors that day. Subsequent article (Evansville Courier and Press, 1932-01-03) names liquidating officers for banks that recently closed, indicating the bank entered liquidation/receivership. No specific rumor or external shock is given as the trigger; classification reflects a run that produced suspension and permanent closure/liquidation.

Events (3)

1. December 22, 1931 Run
Cause Details
Article states a heavy run on deposits but gives no specific trigger (no rumor, correspondent failure, or macro shock mentioned).
Measures
Bank closed its doors (suspended payments/operations) in response to heavy withdrawals.
Newspaper Excerpt
heavy run on deposits caused the Old State Bank of Oakland City to close its doors today.
Source
newspapers
2. December 22, 1931 Suspension
Cause Details
Suspension/closure of operations as a direct result of the heavy run on deposits noted in the article.
Newspaper Excerpt
Old State Bank of Oakland City to close its doors today.
Source
newspapers
3. January 3, 1932 Receivership
Newspaper Excerpt
LIQUIDATING OFFICERS CHOSEN FOR 3 BANKS ... agents the Gibson county banks which recently closed named today ... Simon, president of the Old State bank Oakland ... appointments were made by Fisher, acting bank commissioner. (Evansville Courier and Press, 1932-01-03).
Source
newspapers

Newspaper Articles (2)

Article from Evansville Press, December 22, 1931

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Article Text

CHINESE LEADER QUITS: ASKS AID Dr. Koo Appeals to U. S. to Act Against Jap Invasion By United NANKING, Dec. 22.-Dr. Wellington Koo, who became acting foreign minister of the Chinese National Government with resignation of C. Wang, resigned today after asking the United States to safeguard China's rights. His resignation came soon after statement notifying the League of Nations Council that China would resist in self defense if Japan attacks Chinchow. Dr. Koo's resignation was not unexpected. as students who dem- VETERAN DISAPPEARS onstrated in Nanking prior to the resignation of Chiang Kai-Shek as head of the government were par- Cap of Man Who "Went to ticularly bitter against the policies of the foreign office. Cut Cane" Found Near Bridge The notification was given Sunday, it was revealed today, in the Special Correspondence daily foreign advices to Geneva on WASHINGTON, Ind., Dec. 22.developments in Manchuria, inThe banks of swollen White River cluding the threatened Japanese were being searched today for advance on Chang Hseuh-Liang's William Williams, 72-year-old Da25,000 troops the Chinchow area. viess County army veteran, who Dr. Koo declared in his note to disappeared yesterday at noon. the United States that Manchuria Telling his half brother, Alfred is an integral part of China and Gilley, with whom he lived, that that the Chinese Government he was going into the woods to therefore has every right to concut himself a cane, Williams left trol the country. JAPANESE DRIVE AGAINST CHINESE IS ON By United Press MUKDEN, Manchuria, Dec. 22.Japan's drive against irregular Chinese progressed smoothly today and apparently without anticipated Enveloping movements continued northwest and southeast of Chinchow designed to compel the Chinese withdrawal from the area. preferably without fighting. OAKLAND CITY, Ind., Dec. 22. heavy run on deposits caused the Old State Bank of Oakland City to close its doors today.


Article from Evansville Courier and Press, January 3, 1932

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Article Text

LIQUIDATING OFFICERS CHOSEN FOR 3 BANKS agents the Gibson county banks which recently closed named today officers the banks all cases being named. Simon. president of the Old State bank Oakland Victor Lemme, of the Mackey State and Stuart Fisher president of the Somerville bank. appointments were made by Fisher, acting bank commissioner.