Bedford bank - Bedford, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 28, 1894
Location: Bedford, Indiana (38.861, -86.487)

Metadata

Model: gpt-5-mini
Short Digest: cf625bba

Response Measures

None

Description

Article (Aug 12, 1894) describes creditors' meeting and references a receiver; no mention of a depositor run. Bank is in receivership and assets (farms, sand pit) are being considered for sale, indicating a suspension with permanent closure/receivership. A prior creditors' meeting on 1894-07-28 is referenced.

Events (2)

1. July 28, 1894 Suspension

Cause Details: Not specified in article; creditors' meetings and disposition of assets indicate bank stopped normal operations prior to July 28.
Newspaper Excerpt: At a preceding meeting, on Saturday, July 28, a general report was submitted of the business transacted during the year passed.
Source: newspapers

2. August 12, 1894 Receivership

Newspaper Excerpt: BEDFORD, Aug. 12.-Special-Creditors of the Bedford bank assembled at the court house yesterday afternoon. ... There was also a discussion relative to the sand pit... It seems there exists some misunderstanding in regard to the sand pit. Some claim that sand is being sold at $8 per car and that but $1 of the amount is being turned over to the receiver.
Source: newspapers

Newspaper Articles (1)

1. August 15, 1894 The Indiana State Sentinel Indianapolis, IN

Article from The Indiana State Sentinel, August 15, 1894

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Article Text

Bank Creditors Hold n. Meeting. BEDFORD, Aug. 12.-Special-Creditors of the Bedford bank assembled at the court house yesterday afternoon. The meeting was called to order with Robert Parks in the chair and Edward Thornton secretary. Although some feverish discussion was had, but very little business was transacted. At a preceding meeting, on Saturday, July 28, a general report was submitted of the business transacted during the year passed. Another meeting is to be held on Saturday, Aug. 25. Yesterday resolutions were passed recommending that the Leatherwood and White river bottom farms be offered for sale immediately. There was also a discussion relative to the sand pit, but not resolution was passed. It seems there exists some misunderstanding in regard to the sand pit. Some claim that sand is being sold at $8 per car and that but $1 of the amount is being turned over to the receiver. This matter will probably come up again at the night meeting for a more definite decision.