5433. Bank of Rensselaer (Rensselaer, IN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 16, 1930
Location
Rensselaer, Indiana (40.937, -87.151)

Metadata

Model
gpt-5-mini
Short Digest
f011397b2846e709

Response Measures

None

Description

Articles indicate the Rensselaer bank was closed by order of directors and turned over to the state banking department in mid-December 1930 (closed Dec 16 per April 1931 story) and had reopened by the April 25, 1931 newspaper. No explicit run on the Bank of Rensselaer is reported in these items (they mention a run on Wheatfield caused by the Rensselaer closing).

Events (2)
1. December 16, 1930 Suspension
Cause
Government Action
Cause Details
Closed by order of the board of directors and placed in hands of the state banking department.
Newspaper Excerpt
Closing of the bank in Rensselaer recently caused a run on the Wheatfield bank.
Source
newspapers
2. April 25, 1931 Reopening
Newspaper Excerpt
Bank Re-opened At Rensselaer ... bank opened its doors being closed December 16.
Source
newspapers

Newspaper Articles (2)
1. December 22, 1930 The South Bend Tribune South Bend, IN
Article from The South Bend Tribune, December 22, 1930

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Article Text

WHEATFIELD BANK IS CLOSED. The WHEATFIELD, Ind., Dec. 22.-The Wheatfield bank was closed Saturday by order of the board of directors and is now in the hands of the state banking department. Closing of the bank in Rensselaer recently caused a run on the Wheatfield bank.

2. April 25, 1931 Journal and Courier Lafayette, IN
Article from Journal and Courier, April 25, 1931

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Article Text

Bank Re-opened At Rensselaer Ind., April bank opened its doors being closed December 16. The completely capital The ofby the President George president tary John Grable: assistant Ed. second sistant, Eva ceiver, Dean, has given report the court and has 81, BREAKS HIP. Mrs. Keeney her home Friday, turing Mrs. Keeney MEDICS MEET. The Medical the Makeever, Friday, with English The Dr. spoke "Sinus Miss Gladys Price went to Muncie, where will the Ball Teachers term. Mrs. Warren and Muncie where Miss student at the Ball Teacher college. 4,000 TREES SET OUT. Amzie Schultz just finished 4,000 trees on farm north Rensselaer The include Scotch, Jack and Schultz trees growing that he before. The trees set under the supervision of Prof. Denuyl Purdue, who brought along his class of students to the planting. probable will used plot the state forestry