Article text is OCR-corrupted but indicates the Bank of Covington's board voted to liquidate to protect depositors (voluntary liquidation). No mention of a run or temporary suspension; this reads as a voluntary winding up/closure around the newspaper date.
Events (1)
1.March 28, 1930Suspension
Cause
Voluntary Liquidation
Cause Details
Board voted to liquidate the bank to protect depositors (voluntary liquidation/ winding up).
Newspaper Excerpt
voted liquidate protect depositors, President
Source
newspapers
Newspaper Articles (1)
1.March 28, 1930The TimesHammond, IN
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Article Text
FOR DEPOSITORS
March Thomas Barr, state expected to of books of the bank of Covington. voted liquidate protect depositors, President