Farmers State Bank - St Paul, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 17, 1933
Location: St Paul, Indiana (39.428, -85.628)

Metadata

Model: gpt-5-mini
Short Digest: 0ba80bf4588b94a5

Response Measures

None

Description

Article (The Republic, 1933-05-17) reports a receiver named and order to liquidate assets after a case filed by the state banking commission. No run or depositor panic is mentioned; this is a regulatory action leading to closure/receivership.

Events (2)

1. May 17, 1933 Receivership

Newspaper Excerpt: Robert McKay ... has been named receiver of the St. Paul Farmers State bank ... The new order completely liquidate the assets the bank. ... McKay, receiver, succeeds Carl Burgett ... who was liquidating agent. The new order completely liquidate the assets the bank. (The Republic, 1933-05-17).
Source: newspapers

2. May 17, 1933 Suspension

Cause: Government Action
Cause Details: Case filed by the state banking commission; hearing held and court ordered liquidation of the bank's assets.
Newspaper Excerpt: Robert McKay ... been named receiver of the St. Paul Farmers State bank by Judge John W. Craig ... The new order completely liquidate the assets the bank.
Source: newspapers

Newspaper Articles (1)

1. May 17, 1933 The Republic Columbus, IN

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Article Text

PAUL BANK RECEIVER NAMED Robert McKay. of Greensburg. former Decatur county been named receiver of the St. Paul Farmers State bank by Judge John W. Craig. of Decatur circuit court. The action was taken after hearof case filed by the state ing commission. Hearing without jury and Luther Symons, former state banking commissioner, was one of the chief witnesses. McKay, ceiver, succeeds Carl Burgett, of Paul, who was liquidating agent. The new order completely liquidate the assets the bank. A course in tap dancing pulsory all freshmen at Tufts college, Boston.