5546. State Bank (Uniondale, IN)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
June 1, 1932*
Location
Uniondale, Indiana (40.831, -85.242)

Metadata

Model
gpt-5-mini
Short Digest
80c8add9c06c5294

Response Measures

None

Description

The articles describe the State Bank of Uniondale as a defunct/closed institution with receivers appointed and assets/liabilities being separated from a subsequently organized private Bank of Uniondale. No run is described; receivers were appointed and the bank remained closed. OCR errors in articles (missing punctuation and truncated lines) were corrected when extracting snippets.

Events (4)

1. June 1, 1932* Receivership
Newspaper Excerpt
Separate receivers were appointed about year ago and they filed report on the separation of assets and liabilities last November 15, and the decree of Judge Decker virtually affirms the joint report of the two receivers filed at that time . . . One of the interesting items finds that the State Bank of Uniondale owes the Bank of Uniondale $15,000 ... (The Star Press, 1933-06-29).
Source
newspapers
2. January 1, 1933* Suspension
Cause Details
Article states the State Bank of Uniondale had been closed and is described as defunct; no specific cause (e.g., run or insolvency details) is provided in the articles.
Newspaper Excerpt
Lamm today filed current Uniondale, the bank to fail Uniondale, private institution that was organized after Uniondale State Bank had been closed his report Lamm ... two separate receiverships established for the two banks and Lamm's report shows that receiver for Uniondale State Bank assets which along totaled ... (The Star Press, 1933-11-22).
Source
newspapers
3. June 29, 1933 Other
Newspaper Excerpt
Decree Separates Defunct Banks. Judge John Decker has signed decree for the separation of the assets and liabilities of the two defunct Uniondale banks, the State Bank of Uniondale ... and the Bank of Uniondale ... the decree of Judge Decker virtually affirms the joint report of the two receivers filed at that time.
Source
newspapers
4. June 23, 1934 Other
Newspaper Excerpt
Bank Receiver Resigns. Roy Mossburg, Liberty Center, has resigned as receiver for the Uniondale State Bank, according to announcement made following his appearance in the Wells Circuit Court.
Source
newspapers

Newspaper Articles (3)

Article from The Star Press, June 29, 1933

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Article Text

RENAME CRAVEN TO SCHOOL POST Bluffton Board President Is Re-Elected. Bluffton. Ind., June 28.-C. Craven was reappointed a member of the city school board by the city council at the meeting Tuesday night. term of three years. He is concluding his eighth year as member of the board and is president of the board. He was first named in 1925 to fill two years of the unexpired term W. Rogers. resigned. and three reappointments will bring his total service to eleven years at the conclusion of his new term. Other members of the board are Howard Ullman and W. Kunkel Jr. Craven was the only candidate whose name placed in The council also authorized the of sanitary to serve for a period of at least two on salary of $60 per month It will be his duty to inspect premises and to order cleanups where needed and to order nuisances abated. Decree Separates Defunct Banks. Judge John Decker has signed decree for the separation of the assets and liabilities of the two defunct Uniondale banks. the State Bank of Uniondale, the first bank that did business there, and the Bank of Uniondale, organized following the failure of the first bank and taking over the assets and liabilities of the first bank. Separate receivers were appointed about year ago and they filed report on the separation of assets and liabilities last November 15, and the decree of Judge Decker virtually affirms the joint report of the two receivers filed at that time One of the interesting items finds that the State Bank of Uniondale owes the Bank of Uniondale $15,000, the second bank having paid out for the old bank $75,000 and having collected on assets of the old bank only about $60,000. In the report of the there was some doubt about the bank building property and farm of eighty acres. It was found that the bank building the property of the first bank, State Bank of Uniondale and the farm belongs to the Bank of Uniondale. Mrs. Ola Dyar Succumbs. Mrs. Ola May Dyar. 50. wife of Dr. W. Dyar. prominent Ossian physician, died at o'clock this morning at the Lutheran Hospital, Fort Wayne. She had been in poor health number of years and underwent an operation Monday. Death was attributed to coronary thrombosis Surviving are the husband and one son, Dr. E. W. Dyar. Jr., of Indian- apolis; her mother, residing in Illinois; three brothers, Dr. G. Hardin. of Flat Rock, Ill.; R. C. Hardin, of Robinson, Ill.; George Hardin, of Sullivan, and sister. Mrs. Fannie Jones, of Hardinville, Ill. Mrs. Dyar was member of the Ossian Presbyterian Church and of the Eastern Star and Pythian Sisters lodges. Funeral will be held 'clock Friday afternoon at the Ossian Presbyterian Church and burial will be in the Oaklawn Cemetery. Ossian. Hurt in Auto Accident. James Haggard. of Monroe, was taken the county hospital here for treatment for severe lacerations about his face, received last night when the machine of his neighbor, Everett Rice, with whom he was riding, collided with machine driven by Miss Mary Kipfer, east of this city, point on state road 124, near Fairview cemetery. Both machines were damaged considerably, but Rice and Miss Kipfer and her sister, Miss Diana Kipfer, riding with her. escaped injury The accident occurred when Miss Kipfer swerved her machine to miss parked auto along side the highway. Trustee Ira Baker, Harrison Township, has turned over to Prosecuting Attorney George Glass, the names two men residing here, for preparation of affidavits charging them with having procured township aid by fraud. The trustee states that he has knowledge that the two men have been working and drawing wages and at the same time coming to him for fuil allowance from relief funds.


Article from The Star Press, November 22, 1933

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Article Text

NEW TRIAL PLEA IN SUIT DROPPED Damages Awarded at Bluffton to Be Paid. Bluffton, Ind., Nov. defendant today withdrew motion for new trial the damage of Ronald Floyd Shady, 10, by his father, Oscar T. Shady, as next friend, against the City of Fort Wayne, in which jury in the Wells Circuit Court here returned verdict few weeks ago the plaintiff damages in the sum of $10,000. It was reported here in connection with the dismissal of the motion for new be made the of the jury's The damages in the sum of and was based burns received by the Shady boy when he came trical defendant company at sub-station in Fort Wayne. Put 240 Men to Work. Forrest M. Woodward. acting chairman of the Wells County unemployment relief commission, reported today men put work past two days on public works and county, to 175 that had been employed on state roads. The additional put to work on city county ditches There will be added 175 the force on road and 154 county city projects The city council today plans construct an eight inch water main from Wiley Lancaster street. of 4,500 feet..as an additional city project to furnish emSamuel Warner. 81 is opposing appointment guardian look aftestate an action trial here before Judge and jury in Circuit appointment of asked in petition filed by Albert Warner and Estalla May Bond, and grounds leged account his age and infirimities defendant incapable of managing estate. Wife Is Granted Divorce. Mrs. Christy May Garrett granted divorce from Harold E. Garrett Circuit Court here today, her former name of Christy May Welsh restored. defendant defaulted appearance and the defense mitted Prosecuting Attorney George Glass. W Hess, of this city escaped injury this morning when his automoskidded went into ditch near Ossian. The front the car nosed into the ditch and rear then swung round field. The machine damaged considerably. Files Report. Lamm today filed current Uniondale, the bank to fail Uniondale, private institution that was organized after Uniondale State Bank had been closed his report Lamm that he was charged with totaling Since that report filed two separate receiv erships established for the two banks and Lamm's report shows that ceiver for Uniondale State Bank assets which along totaled chargeable Lamm as receiver for the Bank of Uniondale assets totaling and farm acres. Chief of Plessinger day the James, and Miss Olive Van Meter. Okla The young couple will reside in that city where the groom is employed with jewelry


Article from The Star Press, June 24, 1934

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Article Text

APPROVES TAX DISTRIBUTION State Auditor Checks Wells County Settlements. Bluffton, Ind., June 23.-The state auditor has notified County Auditor Paul Scott of approval given to the settlement sheet for Wells County on the spring collection of taxes. The settlement sheet as approved by the state auditor shows that taxes totaling $269,227.70 were collected in this county, and this amount was distributed to the various taxing units as follows: Jackson Township, 19; Center, $12,746.60; Liberty, $10,836.8 Nottingham, $14,348; Rockcreek, $8,898.65: Union, $12,331.98; Jefferson, $16,549 05: Lancaster, $18,444.4 Harrison, $9,576.17. The Bluffton schools received $25,825 70 and the civil city received $16,978.75. Small towns in the county received the following amounts: Poneto, $216.71: Unionsian. $2,209.44 and Vera Cruz, $13.20 Lodge to Be Installed. Next Wednesday evening. June 27, the new Knights of Pythias lodge will be instituted at Uniondale with at least fifty-seven members. Grand Chancellor Commander Harry Sullivan, Vevay; Grand Keeper of Records and Seals Carl R. Mitchell, Indianapolis, and Grand Master at Arms Harvey Walter, Montpelier, will be in charge of ceremonies Lodges to be represented at the meeting are Bluffton, Pennville, Geneva, Monroeville, Decatur, Fort Wayne, Markle, Huntington, Marion, Warren, Roll, Tocsin and County Agent M. S. Smith has received word that a representa of the federal government will be here Tuesday to inspect hog contracts signed by Wells County farmers. Bank Receiver Resigns. Roy Mossburg, Liberty Center. has resigned as receiver for the Uniondale State Bank, according to announcement made following his appearance in the Wells Circuit Court. Mossburg resigned as receiver in order that he might move his family to Kokomo, where he has accepted a position in the accounting department of the Indiana Farm Bureau. He will have the north part of the state as his territory Miss Ida Thomas. retired city school teacher, has filed suit in Circuit Court here against the Hoosier Condenser Milk Company to have the court set aside a judgment taken against her in the sum of $200. The case grows out of the defendant's suit against stockholders of the defunct Wells County Bank. Miss Thomas in her complaint recites that the case against the stockholders was filed May 9, 1929, and that default by her was entered of record as of May 26, 1932. She avers that despite the default, the effect of which was not apparent to her at the time, she has meritorious defense, and she asks that judgment be set aside, that she may submit her defense. Judge Tharles Ryan. Fort Wayne, is special judge the case.