Studabaker Bank - Bluffton, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 6, 1932
Location: Bluffton, Indiana (40.739, -85.172)

Metadata

Model: gpt-5-mini
Short Digest: 8b60a6fb

Response Measures

None

Description

Article (The Star Press, 1932-07-06) reports a receiver (Frank Meyers) was appointed for the defunct Studabaker Bank to handle funds from stockholders to satisfy judgments. No run or prior suspension is described; bank is defunct and a receiver is named, so classified as a suspension leading to closure (receiver assigned).

Events (1)

1. July 6, 1932 Receivership

Newspaper Excerpt: Frank Meyers, of this city, was appointed today by Judge Decker to the position of receiver to have charge of funds paid by stockholders of the defunct Studabaker Bank in settlement of judgments entered by Judge Decker on their statutory liability...
Source: newspapers

Newspaper Articles (1)

1. July 6, 1932 The Star Press Muncie, IN

Article from The Star Press, July 6, 1932

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Article Text

BLUFFTON RECEIVER NAMED Frank Meyers Appointed by Judge Decker. Bluffton, Ind., July Frank Meyers, of this city, was appointed today by Judge Decker to the position of receiver to have charge of funds paid by stockholders of the defunct Studabaker Bank in settlement of judgments entered by Judge Deckon their statutory liability of 100 per cent the face value of their stock. The receiver will make distribution funds at such times sufficient funds may paid to rant distribution. The bank capitalized and stock represented in action which judgments were entered totaled The receiver's bond was placed Mr. Meyers is receiver also the defunct Farmers' Deposit Bank Poneto. By handling both receiverships the expenses both receivermay reduced to an extent. Curtis Ray, farmer of Nottingham Township, suffered fracture his right when he was kicked by mule. Fractures Vertebra in Fall. Jesse W. Yarger, farmer near Petroleum, had the fourth dorsal vertefractured when he fell from load of hay. His lower lip was torn badly also and several stitches were required to close was made here today of the secret July 1930 Miss Edris, daughter and Mrs. H. Edris, of this city and Harold son Mrs. Lula of this city. They married the Rev. Matthew The bride had been employed teacher the schools. She attended the Ball State Teachers College. The groom employe the county highway partment. Marriage Is Announced. The was made here today of the marriage Miss Violet Shady, Shady, Craigville, and who associated his father, W. grocery city wedding took place Friday, June at an Church at Covington, with the Rev. Ross officiating. Justin Tinkle, of Mr. and Mrs. Bert Tinkle, this city, suffered severely lacerated nose he was thrown the windshield tomobile driven by Rex Roof, of this collided with the rear of wreckcar near Columbia City last night. Columbia City physician grafted back skin peeled from his nose. Roof was hurt slightly. Three other local boys escaped injury.