5497. Farmers & Merchants Bank (Bryant, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
June 9, 1930
Location
Bryant, Indiana (40.533, -84.964)

Metadata

Model
gpt-5-mini
Short Digest
6fbba2ed

Response Measures

Full suspension

Description

A robbery (June 9) triggered heavy withdrawals; bank was closed June 19 and a receiver (Miss Lelia Huckriede) was appointed later in June 1930. The episode is a run that led to suspension and receivership/closure.

Events (3)

1. June 9, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
A robbery at the bank on June 9 triggered depositor panic and withdrawals totaling about $50,000.
Measures
Bank closed to-day; directors appointed a committee to liquidate; directors announced there would be no loss to depositors.
Newspaper Excerpt
A run caused by a robbery on June 9 ... a total of $50,000 in deposits was withdrawn during the last few days.
Source
newspapers
2. June 19, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Following the run (precipitated by the June 9 robbery and broader withdrawals), the bank was closed on June 19 and a liquidation committee appointed.
Newspaper Excerpt
the Farmers and Merchants bank in Bryant ... to be closed to-day.
Source
newspapers
3. June 26, 1930 Receivership
Newspaper Excerpt
Miss Lelia Huckriede of Bryant was appointed receiver yesterday for the Farmers and Merchants bank of Bryant. The Farmers and Merchants bank was closed recently following withdrawals of more than $50,000.
Source
newspapers

Newspaper Articles (6)

Article from The South Bend Tribune, June 19, 1930

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Article Text

ROBBERY CAUSES RUN, SHUTS BANK By PORTLAND, Ind., June 19-A run caused by a robbery on June 9 and the closing of two banks in Decatur last week, caused the Farmers and Merchants bank in Bryant, seven miles north of Portland, to be closed to-day. total of $50,000 in deposits was withdrawn during the last few days. The bank was organized 30 years ago and capitalized at $25,000. There is a surplus of $30,000, deposits of $141,000 and the bank owns $40,000 worth of real estate. A committee has been apopinted by the directors to liquidate. The directors announce there will be no loss to depositors.


Article from Journal and Courier, June 27, 1930

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Article Text

FIRST WOMAN IN INDIANA APPOINTED BANK RECEIVER Ind., June Huckriede of Lelia receiver yesBryant Farmers and Merfor the terday chants of Bryant. This time in the history the according Indiana the state banking ficials that woman has been partment, receiver for bank appointed Farmers and following bank was of more than $50,000.


Article from Princeton Daily Clarion, June 27, 1930

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Article Text

BANK RECEIVER PORTLAND, Ind., June Miss Lelia Huckriede of Bryant was appointed receiver yesterday for the Farmers and Merchants bank of Bryant. This is the first time in the history of Indiana banking, according to officials of the state banking department, that a woman has been appointed receiver for bank. The Farmers and Merchants bank was closed recently following withdrawals of more than $50,000.


Article from The Vincennes Sun-Commercial, June 27, 1930

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Article Text

No. 449 is preferred by women who like a service weight silk stocking with mercerized top. WOMAN NAMED Repriced. Now $1.29 BANK RECEIVER BUY NOW! PORTLAND, Ind., June 27.Extraordinary Values! For the first time a woman was appointed receiver for an Indiana bank, according to officers of the Sheeting state banking department. Miss Lelia Huckriede, Bryant, was named receiver for the Farm- 9-4 Bleached, Yard ers and Merchants Bank of Bryant. The institution was closed Now35c recently after withdrawals of more than $50,000 had been made.


Article from Muncie Evening Press, June 27, 1930

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Article Text

WOMAN NAMED BANK RECEIVER First Woman to Receive Appointment. PORTLAND, June 27.-Miss Lelia Huckriede was appointed receiver of the Farmers and Merchants Bank of Bryant by Judge Frank Gillespie Thursday. This is the first time in the history of Jay County that a woman has received such an appointment, and one of the few in the state. Bond was fixed in the sum of $15,000. John Bonifas, former cashier, will remain with the bank at the same salary. Miss Emma Bonham, assistant cashier, will remain with the bank for a period of two months. It is expected that 50 per cent distribution will be made by October 1. The balance will be distributed as soon after that time as possible. Fifty orphans from the Soldiers and Sailors Home at Knightstown will be given a two weeks' outing in this city under the auspices of the American Legion, Daughters of Civil War Veterans and the Business and Professional Women's Club.


Article from The Star Press, June 27, 1930

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Article Text

WOMAN NAMED BANK RECEIVER Miss Huckriede in Charge of Bryant Institution. Portland. Ind., June 26.-Miss Lelia Huckriede. of Bryant. was appointed receiver for the Farmers and Merchants bank at Bryant this morning by Judge Frank Gillespie Her bond was fixed at $15,000 John Bonifas, cashier will assist Miss Huckriede in the work of settling the affairs of the bank Miss Emma Bonham, assistant cashier, will also assist with the work for two months It is thought that a distribution of at least 50 per cent can be made by October The Farmers and Merchants Bank was closed a few days ago following a run. when more than $50,000 in deposits were withdrawn. Suit for a receiver was filed by Luther Symons, state bank commissioner Two suits for $500 each have been filed by the Portland Drain Tile Company against the bondsmen of Orestes H. Devoe superintendent of construction of the Engle ditch in Bichland One suit was brought against John T Sutton, James Mulvahill and George A. Buckles. and the other, George A. Buckles, Augustus Cline and Oakley E. Milligan the defendants. Claim is made and Oakley E. Milligan are the defendants Claim is made in both suits that the contract for the ditch was let 1923 by Devoe to Jarrett and Funk This firm contracted with Martin Brothers of Dunkirk. to furnish the tile They were unable supply the amount and contracted with the Portland company for $465 It is alleged that Devoe failed to keep records of counts of done and to collect assessments when due He died in August. 1926 before the work was finished and without paying the Port land company but had $1,000 in his possession at the time of his death. Death Message Received A message was here today telling of the death of George E. Fleming 86. which suddenly this morning at Benton Harbor, Mich He was veteran of the Civil War and lived the greater part of his life in Jay County near New Mt. Pleasant. body be brought Friday will be held at o'clock Saturday after noon at the Williamson Chapel in charge of the Rev H. Nall Bur ial will be in Park Cemetery A fleet of twenty airplanes passed this city today flying toward the south It is thought that the ships were Army planes en route to Kentucky Mother and Daughter Injured Mrs. Charles Bash and daughter Mildred suffered severe and bruises this morning when the car in which they were riding. driven by Mrs William Axe overturned near Bellefontaine The accident was caused by blowout The local Elks Lodge has secured the A1 C. Hansin Carnival Company to show here during the two day street carnival. July and 5. Evidence in the suit to set aside a deed by Peter Gaffer to Monahan has been completed in the Circuit Court The argument hearing was continued. The case was brought to Jay County from the Adams Circuit on a change of venue. Harry P. Clements is made defendant on note and real estate mortgage by Ora E. Whittinghill, of Redkey A Children's Day cantata, "Greater Than Solomon,' will be given at the Antioch M. E. Church Sunday evening. Name New Tliff Administrator. J. V. Ashcraft was appointed administrator of the estate of David H Iliff. The Jay County Saving and Trust Company, former administrator, which is now in the hands of a receiver. was removed. Arrangements have been made with a number of families to give an outing to the children from the Soldiers and Sailors Orphans Home at Knightstown this summer The Jay County Business and Professional Women's Club is sponsoring the vacation. The children will be brought to Portland Sunday, July 20.