5544. Farmers Savings & Trust Company (Corydon, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
March 4, 1922
Location
Corydon, Indiana (38.212, -86.122)

Metadata

Model
gpt-5-mini
Short Digest
4faef8a3

Response Measures

None

Description

State bank examiners closed the Farmers Savings & Trust Co.; a receiver was appointed (Govt action). Losses reported ~ $100,000. No article describes a depositor run prior to closure.

Events (2)
1. March 4, 1922 Receivership
Newspaper Excerpt
was appointed receiver for the Farmers Savings and Trust Co. ... Their bonds were fixed at $20,000.
Source
newspapers
2. March 4, 1922 Suspension
Cause
Government Action
Cause Details
Closed by state bank examiners (official action resulting in suspension/closure).
Newspaper Excerpt
Samuel L. Refly formerly assistant cashier of the defunct Corydon National bank, which was closed recently by national bank examiners, was appointed receiver for the Farmers Savings and Trust Co., which was also closed by state bank examiners, by Judge F. J Wilson.
Source
newspapers

Newspaper Articles (3)
1. March 5, 1922 South Bend News-Times South Bend, IN
Article from South Bend News-Times, March 5, 1922

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Article Text

APPOINT RECEIVERS FOR DEFUNCT BANKS CORYDON Ind., March 4.Samuel L. Refly formerly assistant cashier of the defunct Corydon National bank, which was closed recently by national bank examiners. was appointed receiver for the Farmers Savings and Trust Co., which was also closed by state bank examiners, by Judge F. J Wilson. W. D. Barnes was appointed receiver for the Elizabeth State bank. which also was closed by an examiner. Their bonds were fixed at $20,000. Mr. Barnes was president of the Elizabeth bank before state authoritties took charge.

2. March 7, 1922 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, March 7, 1922

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Article Text

Corydon Bank Loss May Reach $500,000, Report (By Associated Press) CORYDON, Ind., March 7.-Invest:gation of the three defunct banks in and near Corydon, has not yet been completed, but it was said by bank examiners yesterday that the loss of the Corydon national bank will reach $500,000. The loss of the Elizabeth bank will run as high as $17,000 and that of the Farmers' Savings and Trust company $100,000, the examiners said. Receivers of the bank have been appointed and will take over the affairs of the in. stitution as soon as the examiners have completed their investigation.

3. February 23, 1923 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, February 23, 1923

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Article Text

Suit Charges Irregularity By Times Special CORYDON, Ind., Feb. 23.-Suit for $44,739.36 has been filed against Wilson E. Cook and the American Surety Company by Samuel L. Rielly, receiver of the Farmers' Savings and Trust Company, which failed a year ago. Cook was secretary-treasurer. Charges of irregularity are made.