Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1917*
Location: Cicero, Indiana (40.124, -86.013)

Metadata

Model: gpt-5-mini
Short Digest: 18217f4e

Response Measures

None

Description

Article (1921-02-23) reports the Farmers and Merchants Bank of Cicero failed about four years earlier (c.1917) and is in receivership; receiver John C. Craig is paying final dividends. No run is described in the article; the bank remains closed and in receivership.

Events (2)

1. January 1, 1917* Receivership

Newspaper Excerpt: The bank failed four years ago, at which time two other banks of Hamilton County were closed by the Auditor of State.
Source: newspapers

2. February 23, 1921 Other

Newspaper Excerpt: John C. Craig, receiver for the Farmers and Merchants Bank of Cicero, has announced that he is engaged in paying a 2 per cent dividend. This will be the last dividend that he will pay and he hopes to file his final report with the court and be discharged within the next month.
Source: newspapers

Newspaper Articles (1)

1. February 23, 1921 Indiana Daily Times Indianapolis, IN

Article from Indiana Daily Times, February 23, 1921

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Article Text

Hopes to Wind Up Bank Affairs Soon Special to The Times. NOBLESVILLE, Ind., Feb. -John C. Craig, receiver for the Farmers and Merchants Bank of Cicero, has announced that he is engaged in paying a 2 per cent dividend. This will be the last dividend that he will pay and he hopes to file his final report with the court and be discharged within the next month. Three years ago he paid a 10 per cent dividend, making a total of 12 per cent which the bank will pay. The bank failed four years ago, at which time two other banks of Hamilton County were closed by the Auditor of State. As a result of these failures, Luther and E. N. Hinshaw and George Bowen were convicted on criminal charges, but they appealed their cases and all of them were reversed by the Supreme Court. Since then they have been dismissed by the lower court.