5548. Citizens Bank (Covington, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 27, 1931
Location
Covington, Indiana (40.142, -87.395)

Metadata

Model
gpt-5-mini
Short Digest
174c8e97

Response Measures

None

Description

No newspaper text describes any depositor run. The bank is closed (suspended) and a receiver/liquidating agent is handling assets and dividends; by June 30, 1931 a receiver (Fountain Trust Company) is selling the bank's real estate. Closure appears to have occurred prior to Apr 27, 1931 (article says 'closed more than a year ago'). Cause of suspension is not stated in the articles (set to 'other').

Events (3)

1. April 27, 1931 Other
Newspaper Excerpt
H. Lykins, liquidating agent of the Citizens' bank of Covinghas given notice that dividend will for distribution April The bank closed this month and this is the first dividend that has been paid.
Source
newspapers
2. June 30, 1931 Receivership
Newspaper Excerpt
A court order has been issued permitting the Fountain Trust Company, receiver for the closed Citizens bank, to sell the latter institution's real estate.
Source
newspapers
3. * Suspension
Cause Details
Article(s) do not state a cause for the bank's closing; only that the bank had 'closed more than a year ago' and a liquidating agent has been handling dividends.
Newspaper Excerpt
Burke Walker, deputy attorney general, and Luther Symons, state sioner, left today for Covington to file petition receiver for Citizens' bank Covington, which closed more than a year ago.
Source
newspapers

Newspaper Articles (3)

Article from Journal and Courier, April 27, 1931

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Article Text

Will Ask Receiver For Covington Bank Ind., April 27. Burke Walker, deputy attorney general, and Luther Symons, state sioner, left today for Covington to file petition receiver for Citizens' bank Covington, which closed more than a year ago.


Article from Journal and Courier, April 27, 1931

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Article Text

ATTICA ATTICA, Ind., April the fall 1924 and spring of 1925 Harrison Hills was made and opened the community. April started the sixth club year with around .200 memon the club The signs at Wabash bridge and green are being dressed up paint. "The toughest in Indiana" attracts many people who act as "Missourians" until they have tried Mrs. Hazel Coats, of Veedersburg, was elected the office grand the meeting of the grand the Indiana Order of the Eastern Star held in Indianapolis this week. District No. 37 of the Rebekah lodge met Friday Boswell. Those who attended from here were: Mr. and Mrs. Henry Otto, Mr. and Amos Mrs. Mrs. Mr and Mrs. Foster Mr. and Mrs. Floyd Fenters, Mrs. Flora Carter, Gwendolyn Lane, Mrs. Viola Lefton, Mrs. Gladys Mrs. Young, Mrs. Frank Sheets, George Jollief, Mrs. Clifford Griggs, Mrs. Fred Summers and Mrs. Jessup. Supper was served at o'clock, and the work was put on later by the Boswell team. H. Lykins, liquidating agent of the Citizens' bank of Covinghas given notice that dividend will for distribution April The bank closed this month and this is the first dividend that has been paid. Mrs. Lizzie Dinsmore, aunt of Mrs. M. Hixon this city, died Friday afternoon the home of her daughter, Mrs. Lou Douglass, near Dana, Ind. Dinsmore formerly resident of Covington. The Tri Kappas will meet Wedevening with Mrs. W. Irwin Poston. Mr. and Mrs. Roy Dehaven and daughter, Deloris June, of Benton Harbor, Mich., are guests of Mr. and Mrs. George and Mr. and Mahlon Hall, of Shawnee township. Miss Lucetta Morgan. former resident of Stone Bluff, now siding in taken to Friday, where was entered patient in Culver hospital. James M. Wilson, of Newmarwas in Attica Friday Mr from Warren county to Newmarket months His friends in this vicinity will be sorry to learn that members of his family have been in of scarlet fever. Mr. and Mrs. Palmer Krug spent Sunday son, Kirmit Krug, at Rossville, Kirmit has been quite ill for some time. Mr and Mrs. Harry VanDeventer spent Friday in Indianapolis. Ed Wilson and daughter, Mrs. Nelson Elliott, of Indianapospent Friday in Attica with parents, and Mrs. David Mrs. Avis Sheridan and Mr. and Mrs. Frank Martin spent Friday Lafayette the hospital with the latter's daughter, Mrs. Hirshey Woods. Sylvia Pearlman was in Danville Saturday Sylvia teaching dancing and has large classes in Danville Her gave an tertainment the Kiwanis club at the meeting this week. Roe Furr and Sol of Jackson were in Attica on yesterday. Frank Bernhart went to Fort join his wife has from his North Perry street the Arms. R. H. McKinney, Covington at torney, transacting business Attica, Mr. and William Schroeder Richard, Lansing, Mich., guests of Mr. and Mrs. Fulwider. Mr. and Mrs. William Prebble, of West Lebanon, with their guests, Mr. and Mrs. David Green, Dasle Newell and Mrs. Newell, of Chicago, were in Attica yesterday morning. William McKinzie and Charles McAdams, from north Independence, were transacting business in Attica, Friday. Mrs. Will McKinzie, from north of Independence, has gone Chicago for a visit with Mrs. T. TresMrs. Hildebrand and went ChiFriday for visit. Mrs. John Cunningham and Mrs. King Cunningham were shopping Attica Mrs. Rose Jacks, of the Newcastle neighborhood, was able be out this week for the first time return home from the hospital after undergoing sur-


Article from The Indianapolis Times, June 30, 1931

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Article Text

Bank Realty to Be Sold By Times Special COVINGTON, Ind., June 30.-A court order has been issued permitting the Fountain Trust Company, receiver for the closed Citizens bank, to sell the latter institution's real estate. This includes the bank building, several farms, a residence here and a canning factory.