5570. Old Adams County Bank (Decatur, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 13, 1930
Location
Decatur, Indiana (40.831, -84.929)

Metadata

Model
gpt-5-mini
Short Digest
42f9e277

Response Measures

None

Description

Articles (dated 1930-06-14) report the Old Adams County Bank was closed/failure 'yesterday' (i.e., 1930-06-13). No explicit run on this specific bank is described; state banking commissioner took charge, implying closure/receivership. Related runs occurred on other Decatur banks (People's Loan & Trust, First National) after this failure, but those are not the primary bank here.

Events (2)
1. June 13, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Article states the bank 'was closed' and 'bank failure' is reported; no explicit external rumor or correspondent failure cited — indicates an adverse bank-specific failure led to suspension.
Newspaper Excerpt
the old Adams Bank yesterday ... was the fourth bank closing in the county. ... institution closed ... deputy state banking commissioner, who came here yesterday to take charge of the Old Adams County Bank
Source
newspapers
2. June 14, 1930 Receivership
Newspaper Excerpt
Lower D. Barr, deputy state banking commissioner, who came here yesterday to take charge of the Old Adams County Bank, also took charge of the Peoples Loan and Trust Company, but declined to make statement.
Source
newspapers

Newspaper Articles (2)
1. June 14, 1930 The Kokomo Tribune Kokomo, IN
Article from The Kokomo Tribune, June 14, 1930

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Article Text

BANK FORCES SECOND RUN SUSPEND DECATUR TO AT and Trust Company, Decatur, capitalized doors at noon today closed the special meeting lowing directors. was the board In Decatur two bank closing Adams County Bank old having been closed yesterday. bank failure the the fourth was county of the old Adams Bank yesterday, steady Loan and Trust the Peoples continued this morning directors were compelled the bank noon. With the close the bank loft only the First city. serious run on this Bank. has was posted The Peoples Bank on the doors noon: for further protection of "Closed leaves four banks The are the First Nathe county. They tional Bank Decatur: the the Bank of Berne and State the Bank of Geneva. the two weeks the Within State Bank Berne and Peoples Grove Bank, also have the Linn been closed. Matthias Kirsch is president institution closed E. the Bell vice president, and Lower D. Barr, deputy state Thomas commissioner, who came banking charge of the here yesterday to Bank, also took old Adams County affairs the Feoples charge Loan and Trust Company. but declined to make statement.

2. June 14, 1930 The Springfield News-Leader Springfield, MO
Article from The Springfield News-Leader, June 14, 1930

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Article Text

MAIL THIEF CONFESSES TAKING $4000 IN LOOT ST. LOUIS, June 14.-(AP)Louis C. Kanuer, Jr., 26, confessed mail box thief, today led postoffice inspectors to west end apartments and lifted door mats and rugs to show them more than 100 rifled letters. He was arrested Thursday when he attempted to cash a stolen check. Kaneur said he had opened about 1000 letters and obtained about $4000 since Christmas. He recently served an 18-months sentence on a similar charge. POSTMASTERS NOMINATED WASHINGTON, June 14-The following postmaster nominations were sent to the senate today: Missouri-Buffalo, Phil Hawkins; Collins, Earnest R. Smith; Eldorado Springs, John M. Atkinson, Jr.; Joplin, Charles L. Martin; Keytesville, Joe P. Stiles: Labadie, George E. Drewel; Licking, Berry Crow; Lilbourn, George E. Richars; Westboro, George Bentley; Winona, Ruby Foster. INDIANA BANK CLOSES DECATUR, Ind., June 14-The People's Loan and Trust company, a $500,000 institution, was forced to suspend business at noon here today following mad run on the bank by depositors alarmed by the failure here yesterday of the $1,150,000 old Adams county bank. At the same time a run was being made on the First National bank. $3,000,000 institution here, and the only bank left operating here.