5609. Farmers & Merchants Bank (Winchester, IN)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
December 6, 1930
Location
Winchester, Indiana (40.172, -84.981)

Metadata

Model
gpt-5-mini
Short Digest
4a776eb5467c907a

Response Measures

None

Description

Articles report a run (early December 1930) that exhausted the bank's cash and the bank failed to open Dec 8, 1930. A new bank/charter was granted to take the assets (reported Jan 10, 1931), indicating reorganization and resumption under a new charter. OCR errors in some articles (e.g., fragmented lines) were corrected when extracting dates and names.

Events (3)
1. December 6, 1930 Run
Cause Details
A depositor run exhausted the bank's ready cash; no specific trigger described in articles
Newspaper Excerpt
Because of a run Saturday, which exhausted its ready cash, the Farmers and Merchants bank of Winchester, Ind., failed to reopen its doors today
Source
newspapers
2. December 8, 1930 Suspension
Cause Details
Bank failed to open (suspended payments) after the run exhausted cash; state banking commissioner went to confer with directors
Newspaper Excerpt
The Farmers and Merchants Bank ... failed to open its doors today following a run on the bank Saturday which exhausted its cash.
Source
newspapers
3. January 10, 1931 Other
Newspaper Excerpt
Grant a charter to Farmers and Merchants bank Winchester to take the assets of the Farmers and Merchants bank there which closed its doors Dec. 3. announced today by Thomas D. Barr Deputy state banking commissioner
Source
newspapers

Newspaper Articles (5)
1. December 8, 1930 The Daily Reporter Greenfield, IN
Article from The Daily Reporter, December 8, 1930

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Article Text

WINCHESTER BANK CLOSED WINCHESTER, Ind., Dec. 8 (INS) The Farmers and Merchants Bank. a $700,000 institution here, failed to open its doors today following a run on the bank Saturday which exhausted its cash. Thomas Barr, assistant State banking commissioner. was here today conferring with the directors of the bank. It was reported that an attempt is being made to reorganize he bank. The closed bank was one of the oldest banking institutions in Eastern Indiana having been in business for more than half a century. Philip Kabel is president and D. M. Simmons is the cashier.

2. December 8, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, December 8, 1930

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Article Text

THE INDIANAPOLIS TIMES BANK AT WINCHESTER ILLNESS FA FAILS TO OPEN DOORS Run Exhausts Cash; State Official TO CONTRA Goes to Confer With Heads. Because of a run Saturday, which exhausted its ready cash, the Rites for J. E. M Farmers and Merchants bank of Winchester, Ind., failed to reopen to Be Held Tu its doors today, the state bankLast rites will be hel ing department announced. the home and at 9 Tu Thomas D. Barr, deputy state Joan of Arc church for banking commissioner, has gone to McNamara, 65, Indian tractor and business ma Winchester to confer with officials of the bank. Saturday at his home avenue, after an illne Its capitalization was given as $50,000; loans, $525,000; deposits, months. Burial will b $705,000, and surplus and undivided Cross cemetery. President of the McN profits, $40,000, the banking department announced. struction Company, whi Philip Kabel is president and D. a large amount of pavir M. Simmons cashier of the closed Indiana, Mr. McNaram institution. head of the McNamara

3. December 8, 1930 JG-TC: Journal Gazette and Times-Courier Mattoon, IL
Article from JG-TC: Journal Gazette and Times-Courier, December 8, 1930

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Article Text

ONE OF INDIANA'S OLDEST BANKS ORDERED CLOSED Winchester, Farmers and Merchants Bank, institution here, failed to open doors today, following run on the which closed bank was of the banking institutions in eastern diana, having been in business half century.

4. December 11, 1930 Greenfield Republican Greenfield, IN
Article from Greenfield Republican, December 11, 1930

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Article Text

WINCHESTER Ind., Dec. Farmers and Merchants Bank, $700,000 institution here, failed open doors today following on the bank which its cash Thomas Barr, assistant State banking was here today with the directors of the bank. was reported that an attempt is being made to organize he bank. The closed bank was one of the oldest in EastIndiana been business more than half century. Philip Kabel is president and Simmons the cashier.

5. January 10, 1931 The Tipton Daily Tribune Tipton, IN
Article from The Tipton Daily Tribune, January 10, 1931

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Article Text

New Bank Opens. Jan Grant a charter to Farmers and Merchants bank Winchester. to take the assets of the Farmers and Merchants bank there which closed its doors Dec. 3. announced today by Thomas D. Barr Deputy state banking commissioner