5573. Farmers & Merchants Bank (Decker, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1931*
Location
Decker, Indiana (38.519, -87.523)

Metadata

Model
gpt-5-mini
Short Digest
52f9944d

Response Measures

None

Description

Articles (Mar–Apr 1932) state the Farmers & Merchants Bank at Decker has been closed for about one year and a receiver (Stuart Fisher) is administering assets and paying dividends. No article describes a depositor run prior to suspension; the bank is in receivership and paying dividends, indicating permanent closure rather than reopening.

Events (3)
1. April 1, 1931* Suspension
Cause Details
No cause given in the articles; only that the bank has been closed about a year and is in receivership.
Newspaper Excerpt
The bank has been closed for about one year
Source
newspapers
2. April 4, 1932 Other
Newspaper Excerpt
The Farmers and Merchants bank of Decker will pay depositors 10 per cent dividend, Stuart Fisher, receiver for the bank, announced in Circuit court Monday morning.
Source
newspapers
3. * Receivership
Newspaper Excerpt
Stuart Fisher, receiver of the Farmers and Merchants bank at Decker, to pay the depositors 15 per cent dividend on their deposits; receiver has funds sufficient to disburse dividend among the depositors.
Source
newspapers

Newspaper Articles (2)
1. March 29, 1932 The Vincennes Sun-Commercial Vincennes, IN
Article from The Vincennes Sun-Commercial, March 29, 1932

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Article Text

PETITION ASKS BANK RECEIVER PAY DIVIDEND John G. Johnson, Decker Depositor, Seeks 15 Percent Return. A petition asking the court to order Stuart Fisher, receiver of the Farmers and Merchants bank at Decker, to pay the depositors 15 per cent dividend on their deposits the bank was presented before Judge W. S. Hoover in Circuit court Monday The title of the proceedings was State of Indiana in the relation of Luther N. Symons, bank commissioner, vs. Farmers and Merchants bank of The petition. filed by John G. Johnson, alleges he depositor in the bank and that the receiver has funds sufficient to disburse dividend among the depositors. The court set next Monday as the date to answer the petition. The bank has been closed for about one year Other actions taken during the regular Monday motion day session of court were as follows: Indiana Limestone company vs. Thomas J. Edwards and George F. Edwards Plaintiff dismisses cause. Nathan W. Beitman vs. The People's National Bank and Trust Company of damages. Judgment for the defendant Federal Land Bank of Louisville VS. John S. Taylor. Eva Taylor, Peoples National bank of St. Francisville. Ill., and Shell Petroleum company Cause dismissed as for Shell Petroleum company. Finding for plaintiff other defendants Maude Murray VS. Claude T. Murray, divorce. Default Louis Chaudoird vs. Emile Chaudoire, divorce. Default Find For Plaintiff American bank VS Thomas M. Ryan, Lida J. Ryan and George Ryan, notes. Finding for plaintiff and judgment. Edgar N. Haskins, receiver for the Peoples' Savings, Loan and Building association, VS. William T. Berry and Annettie R. Berry, foreclosure of mortgage on real estate. Finding for plaintiff Edgar N. Haskins, receiver for the Peoples' Loan and Building association, VS. William Wilkes and Della A. Wilkes. foreclosure of mortgage on real estate. Finding for the plaintiff. Edgar N. Haskins, receiver for the Peoples' Savings, Loan and Buildassociation. William Weitz Mabel Weitz. foreclosure mortgage on real estate. Finding for the Charles Leich and Company vs Ennis-McKim Chemical Corporation, account. Finding for plaintiff for $273.09

2. April 4, 1932 The Vincennes Sun-Commercial Vincennes, IN
Article from The Vincennes Sun-Commercial, April 4, 1932

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Article Text

BANK RECEIVER Decker Depositors to ceive 10 Percent. The Farmers and Merchants bank of Decker will pay depositors 10 per cent dividend, Sturat Fisher, receiver for the bank, announced in Circuit court Monday morning. Last Monday petition was filed John Johnson, depositor the bank, declaring had inforthat the bank collected in funds sufficient to warrant the payment of dividend. The receiver appeared in court Monday morning and declared the intention of paying the dividend.