5537. State Bank (Topeka, IN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
January 9, 1933
Location
Topeka, Indiana (41.539, -85.540)

Metadata

Model
gpt-5-mini
Short Digest
345021282141e589

Response Measures

None

Description

Newspapers report The State Bank of Topeka suspended payment on January 9, 1933 and the Indiana state bank department requested a receiver to wind up the Topeka State Bank (article dated 1933-02-17). No article describes a depositor run; the bank suspended and was placed in receivership/being wound up, so classify as suspension_closure.

Events (2)

1. January 9, 1933 Suspension
Cause Details
Article states the bank suspended payment on January 9th, 1933 but gives no explicit cause in the provided excerpts.
Newspaper Excerpt
It is the decision ... that there was on deposit with The State Bank of Topeka, which bank suspended payment on January 9th, 1933
Source
newspapers
2. February 17, 1933 Receivership
Newspaper Excerpt
Receiver Asked for Topeka Bank Indiana state bank department has asked the LaGrange circuit court appoint receiver to wind up affairs of the Topeka State Bank, recently closed.
Source
newspapers

Newspaper Articles (2)

Article from Angola Herald, February 17, 1933

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Article Text

PEN AND SCISSORS Well Known Reading Man DiesPercy Barre, 50. well known citizen of Reading. Mich. died at his home there Thursday morning from pneumonia. had been active in produce business until short time ago, when he retired. Bryan Factory Swamped with Puzzle Holabird company at Bryan. Ohio, is shipping jig saw puzzles daily and not able to keep up with orders. Production will stepped up to 40,000 daily in a few days. Evidences of Prosperity The business of Ashley have organized club and will give sugar drawings recent sale in Bryan. 55 fine horses sold an average of 150 each handle factories at Hicksville are now operating at 65% of boom time business net indebtedness was reduced by $31,000 during the past year. Methodist Church Fire destroyed Methodist church at Bellvue. Mich. last week. with loss of An overheated furnace was given as the cause. Will Foreclose School Mortgages The of Noble counhave instructed the county auditor to foreclose mortgages given for school fund loans. when the interest is not paid. There is $8.500 of terest money due. for which the county is responsible to the state school funds Hicksville Sued for Sewer Damcity of Hicksville, Ohio. has been made defendant in damage suit by three farmwho allege their lands have been damaged by stream pollution from the city sewer outlets. Receiver Asked for Topeka Bank Indiana state bank department has asked the LaGrange circuit court appoint receiver to wind up affairs of the Topeka State Bank. recently closed. Former Treasurer LaGrange Is Haglind. World war soldier and former LaGrange treasurer. died in the Hines hospital near last Burial made in the National cemetery at Arlington.


Article from The Topeka Journal, April 13, 1933

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Article Text

Notice to Depositors You and each of you are hereby notified that the Attornev Gene al and the Auditor of State, respectively, of the State of Indiana, have made the following decision regarding deposits of Public Funds classified as New Money: "It is the decision of the Attorney General the Auditer of State, that there was on deposit with The State Bank of Topeka, which bank suspended payment on January 9tb, 1933 the following Public Funds classed as New Money Civil Town of Topeka, LaGrange County, $1077,85 Eden Township, aGrange County. $28 66 Clearspring Township, ange County $41 50 LaGrange County $832 07 All in compliance with Section 9 of Chapter 33 Acts 1932, page