5418. Amboy State Bank (Amboy, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 12, 1918
Location
Amboy, Indiana (40.601, -85.929)

Metadata

Model
gpt-5-mini
Short Digest
42c92c45

Response Measures

None

Description

Bank was closed by a state field examiner after discovery of a large shortage caused by alleged defalcation by cashier John W. Kendall (who disappeared). A receiver was appointed days later. No run is mentioned in the articles.

Events (2)
1. October 12, 1918 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure after discovery of an $80,000–$90,000 shortage due to alleged defalcation by cashier John W. Kendall (who had disappeared).
Newspaper Excerpt
Following an examination of the books of the Amboy State bank here and after it had been ascertained that John W. Kendall, former cashier of the bank, had disappeared about a week ago, the bank was closed by Robert Trass, a field examiner from the state banking department.
Source
newspapers
2. October 18, 1918 Receivership
Newspaper Excerpt
Judge Cole, of the Miami circuit court, appointed William O. Fox receiver for the defunct Amboy State Bank at Amboy, which was closed by order of auditor of state following discovery of shortage reaching around $100,000, due to alleged defalcation of Cashier John Kendall, who is still missing.
Source
newspapers

Newspaper Articles (2)
1. October 17, 1918 Audubon County Journal Exira, IA
Article from Audubon County Journal, October 17, 1918

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Article Text

BANK CLOSED; $80,000 GONE Cashier of the Amboy (Ind.) State Institution Disappeared a Week Ago. I Amboy, Ind., Oct. 12.-Following an examination of the books of the Amboy State bank here and after it had been ascertained that John W. Kendall, former cashier of the bank, had disappeared about a week ago, the bank was closed by Robert Trass, a field examiner from the state banking department. Mr. Trass stated that the shortage of the bank was between $80,000 and $90,000. Kendall had been cashier of the bank for about four years. but was removed last week. It is expected a receiver will be appointed for the bank.

2. October 18, 1918 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, October 18, 1918

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Article Text

RECEIVER FOR DEFUNCT bank. PERU, Ind., Oct. 18.-Judge Cole, of the Miami circuit court, appointed William O. Fox receiver for the defunct Amboy State Bank at Amboy, which was closed by order of auditor of state following discovery of shortage reaching around $100,000, due to alleged defalcation of Cashier John Kendall, who is still missing.