5481. Farmers State Bank (Boston, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1933*
Location
Boston, Indiana (39.741, -84.852)

Metadata

Model
gpt-5-mini
Short Digest
f0e3cd15

Response Measures

None

Description

Newspaper reports (Mar 31–Apr 1, 1933) state the Farmers' State Bank of Boston, Ind., suspended operations only recently and was placed in receivership (receiver named Mar 31, 1933). OCR errors in the clipping (e.g., garbled phrases) were corrected; phrase about a withdrawal limit likely refers to a temporary withdrawal restriction preceding the closure. No explicit run described in the articles.

Events (2)
1. March 1, 1933* Suspension
Cause Details
Bank suspended operations recently; articles mention a withdrawal limit being put into effect prior to closure but do not describe a run or specific cause.
Newspaper Excerpt
The bank... suspended operations only recently.
Source
newspapers
2. March 31, 1933 Receivership
Newspaper Excerpt
Stanley was named receiver for Farm bank Boston... The Farmers' State bank closed after recent ... withdraw limit was put into effect. / The Farmers' State bank, Boston, Ind., placed receivership yesterday, filed by Luther Stanley, attorney, named receiver institution bond of $10,000. The contested the bank, which suspended operations only recently. (Palladium-Item 1933-03-31; Richmond Item 1933-04-01).
Source
newspapers

Newspaper Articles (2)
1. March 31, 1933 Palladium-Item Richmond, IN
Article from Palladium-Item, March 31, 1933

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Article Text

STANLEY BOSTON BANK RECEIVER Richmond attorney named receiver for Farm bank Boston following court. today The hearing petition of bank which he asked the appointment of the Stanley was named by Judge Hoelscher and filed bond $10,000 after his The bank did not contest the receiverThe Farmer's State bank closed after recent percent withdraw limit was put into effect.

2. April 1, 1933 The Richmond Item Richmond, IN
Article from The Richmond Item, April 1, 1933

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Article Text

Receiver Named for Boston Bank The Farmers' State bank, Boston, Ind., placed receivership yesterday, filed by Luther Stanley, attorney, named receiver institution bond of $10,000. The contested the bank, which suspended operations only recently.