Commercial Bank - Greentown, IN

Episode Information

Episode UID: 553451391121
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 55345139 hash
Start Date: May 12, 1893
Location: Greentown, Indiana (40.478, -85.967)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a53254974f571702

Response Measures

None

Description

Article lists Commercial Bank of Greentown among small Indiana banks that closed after the Chicago failure; OCR makes details fuzzy.

Events (1)

1. May 12, 1893 Suspension

Cause: Correspondent
Cause Details: Closures in Indiana prompted by failure of the Columbia National Bank of Chicago, a correspondent/large city bank failure
Newspaper Excerpt: The failure of the Columbia National Bank of Chicago caused banking institutions throughout Indiana to close small... failures were: the Commercial ... Bank of Greentown;
Source: newspapers

Newspaper Articles (1)

1. May 17, 1893 The Star Reynoldsville, PA

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Article Text

A LONG LIST OF FAILURES MANY SMALL BANKS GO UNDER. The Failure of the Columbia National Bank of Chicago had a Far-Renching InEffect. Most of the Suspended stitutions in Country Towns Be Where the Farmer Will the Loser. officials of the Capitol National doors Bank Indianapolis, The Ind.. which closed its bussay they will be able to resume the Friday within a few days providing is Chemical iness National Bank. of Chicago, able to open its doors. failure of the Columbian National instituThe of Chicago caused banking their Bank, throughout Indiana to close small conlions doors Friday. Most of them are was and the majority of their stock of the error by Dwiggins & Starbuck, stock Columbia owned National. Their capital Columfrom $20,000 to $50,000. The banks in ranged National controlled about 27 bia State and more failures are anticipated State this failures were: the Commercial The of Russiaville; Bank at Dunkirk; Bank Bank. of Greentown; Commercial WalFarmers'. Morristown; Commercial Bank, Greenwood; of of Bank of Greenwood. of The kerton; and Merchants'. of Geneva. The Farmers' at Dunkirk was the heaviest. are failure liabilities are $700,000 and the amount. assets about two thirds that be reported The Indianapolis banks claim to not affected by these failures. FAILURES Mich.-W. IN OTHER P. STATES Brown & Co. CHARLEVOIX. doing business under the made name an of the bankers, Bank of Charlevoix. have assignment -The Ottawn County Columbia, Bank at Elmore, TOLEDO, a branch of the Chicago has its-doors. clo-ed O.-The Farmers Bank its of Con- relaCONVOY, closed its doors. caused by Bank of tions voy, O., with the Columbia National Chicago. MICH Great excitement of a local prePAWPAW. Lawton The managers institution vails at there did not open up the the prebank morning, having left town $18,000 Friday vious night. Citizens have and are some taking legal a deposited in the bank of realizing sotaething. Bank. steps in the hope MICH The Union of Chicago RICHLAND the ColumbiaNational depositis branch closed. of The cashier says that the ors will be RAPIDS, paid in MICH.- full. The private bank RockGRAND institution of Paris & Nove. doors at upon ing county, closed its Indianford, Kent proprietors who live at among the order apolis. of The the bank did a lively business farmers. MICH-The Citizen's About Bank, $25,EDWARDSBURG, closed its doors. township 000 of this of local place. deposits together affected, with It was a and school funds are Columbia. branch of the Chicago -The private banking of Williams firm Dwiggins. Starbuck About $8.000 is of burg. CINCINNATI, O., has failed. & by Co., the Columbia. due be of the Chicago, Williamsburg all of which bank it is Williamsburg thought will orthe arrest for started lost. The postmaster of Lawrence at P. Good. Cincin- exdered pert accountant. who taken had in custody on his arrival nati. Good here. was He is charged with embezzlement. ILL ...RRe J. Hornick, of Grand bankOTTAWA. merchant and speculator. The cause is er. Ridge, made an on assignment. his bank, caused brother by and the given as a entanglement run of his City, Ia. financial backer, John Hornick. of Sioux FAILURES. BANK R. OTHER THA N. Colonel A. of Kuser. the TRENTON. stockholder and applied creditor for the Hygerian principal Ice Company for that company appointment liabilities of a receiver are said to be $150,000 and The the total assets about WIS. the The same. big house furnish- and MILWAUKEE of Frank A. Lappen & Co., are in ing house Furniture Company. were the straits. Bank for Wisconsin National Co. for financial the Lappen Judgments & $10 000: entered $44.000. by and by A. Landauer has filed an attach ment The Piankinton for $219,000. Bank The sheriff is in possession. W. VA.-J. S. packers Sorrell. for in PARKERSBURG, of the largest pork in the meat years West one Virginia. but recently made an assignment are business, liabilities and grocery F. Atkinson. The Cincinnatia to several W. times the asssets. and Philadelphia Pirt-burg. Baltimore The Citizens' National parties are caught. is large creditor. Bank, of this city KY.-The wholesale whiskey LOUISVILLE, Thomas & Sons suspended with firm of W. H. The different business bankers place the of over assets excees payment. which the firm has done liabilities at from $150. 000 to $400,000.