State Bank - Walkerton, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 2, 1934
Location: Walkerton, Indiana (41.467, -86.483)

Metadata

Model: gpt-5-mini
Short Digest: 4c9a083b51486cb8

Response Measures

None

Description

Article (South Bend Tribune, 1934-09-02) reports that a receiver was appointed by Circuit Judge Dan Pyle for the Walkerton State Bank and discusses collection of bank levies and stockholder payments. No mention of a depositor run; receiver appointment indicates closure/receivership. OCR errors corrected (e.g., 'Walkerton State bank' normalized to 'Walkerton State Bank').

Events (2)

1. September 2, 1934 Receivership

Newspaper Excerpt: The bank receiver appointed by Circuit Judge Dan Pyle.
Source: newspapers

2. September 2, 1934 Suspension

Cause: Government Action
Cause Details: A receiver was appointed by Circuit Judge Dan Pyle; bank placed under receivership/subject to court collections.
Newspaper Excerpt: The bank receiver appointed by Circuit Judge Dan Pyle.
Source: newspapers

Newspaper Articles (1)

1. September 2, 1934 The South Bend Tribune South Bend, IN

Article from The South Bend Tribune, September 2, 1934

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Article Text

ACTION ON COLLECTION OF BANK LEVIES Although stockholders of the Walkerton State bank of Walkerton, this county, were given until Saturday to make payments 100 ordered steps templated this time to force compliance through lawsuits. Andrew urday night. "Under general conditions," he said, "collections are good. We not plan to take legal action, at this time." The total outstanding stock $25,000. The bank receiver appointed by Circuit Judge Dan Pyle.