Thompson State Bank - Edinburg, IN

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: January 8, 1932
Location: Edinburg, Indiana (39.354, -85.967)

Metadata

Model: gpt-5-mini
Short Digest: 0f6f89fe

Response Measures

Full suspension, Books examined

Description

Article (The Republic, 1932-01-09) reports heavy withdrawals (a run on Jan 8, 1932) that forced the Thompson State Bank to close and the state banking department/examiner to take charge on Jan 9, 1932. The piece does not state whether the bank later reopened or was finally closed/placed in receivership, so reopening status is unclear.

Events (2)

1. January 8, 1932 Run

Cause Details: Heavy withdrawals / depositor nervousness triggered a run on the bank
Measures: None described other than increased attention by state banking authorities; directors closed the bank
Newspaper Excerpt: the result of a run ... withdrawals yesterday started heavy
Source: newspapers

2. January 9, 1932 Suspension

Cause: Government Action
Cause Details: State banking department/examiner took charge and the bank closed its doors following the run
Newspaper Excerpt: The Thompson State bank closed doors ... The state banking department took charge
Source: newspapers

Newspaper Articles (1)

1. January 9, 1932 The Republic Columbus, IN

Article from The Republic, January 9, 1932

Click image to open full size in new tab

Article Text

EDINBURG BANK WILL PAY OUT State Is Forced Thompson by "Run" to Suspend Operations. STATE TAKES CHARGE General Feeling Is That DeWill Get positors Paid in Full. The Thompson State bank closed doors inburg this as the result clock morning withdrawals deposits heavy started The state which department took charge banking tub. the morning While crimp put all lines of business Edinthe closing the burg by feeling that depositors general and their money when affairs have been straightened Although the excitement caused when the withdrawals "run" yesterday higher when the bank closed this morning. there seemed to minimum degree of that inconveniences would only temporary. Examiner in Charge. Despite the the opened its morning for usual, the hope the would die down. the directors decided thing operations. The doors closed. and sign placed on signed Waltz, cashier, "Bank of the rectors, 1932 Jesse Ellis, one of the directors, made attributing the closing heavy withdrawals within past two card posted on the bank door said "Closed In the banking department. R. Huston, examinin Established 61 Frank D. president the bank. He only Thursday meeting of rectors. Martin Cutsinger and Jno Graham Waltz cashier: Mr Ellis and Miss Edith Hyde, assistant cashDirectors are Martin Cutsinger dealer: Clarence Cutsinger Shelbyville: Mr. Thompson, Mr. Graham owner of Edinburg Cabinet Amos, owner Veneer and Amos Lumber companies; Mr. Waltz and Mr. Ellis The bank established in 1880 the Thompson bank, private institution. later made state bank. held the confidence its community for years. Send for Change. Business Edinburg was Checks being turned. and checks issued this morning being withdrawn from the payees' hands. forced send here Frankto get change with which to The local banks got hint late yesterday that might wrong Edinburg when Edinburg people appear unusual numbers and make deposits.