Farmers State Bank - Eminence, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1933
Location: Eminence, Indiana (39.521, -86.641)

Metadata

Model: gpt-5-mini
Short Digest: 30471fa5

Response Measures

None

Description

Newspaper articles (Apr 13, 1933) list Farmers State Bank of Eminence among state banks that have suspended business since January 1. The articles do not describe a depositor run or a reopening; they report municipal claims paid from the state sinking fund for banks that have suspended, implying permanent failure or continued suspension. The exact disposition (receiver assigned) is not specified in the clipping, so classification as suspension_closure is chosen with some uncertainty.

Events (1)

1. January 1, 1933 Suspension

Cause Details: Article states the bank have suspended business since January 1 but gives no cause for the suspension (no run, no receiver, no specific reason provided). Listed among state banks eligible for sinking fund claims, implying failure/suspension of operations since Jan. 1, 1933. (OCR corrected date interpretation from article: suspended business since January 1)
Newspaper Excerpt: The Farmers State Bank of Eminence
Source: newspapers

Newspaper Articles (2)

1. April 13, 1933 The Tipton Daily Tribune Tipton, IN

Article from The Tipton Daily Tribune, April 13, 1933

Click image to open full size in new tab

Article Text

Headaches? Talk to DR. FOSTER FIFTEEN CLAIMS PAID. Municipalities Are Aided By the State Sinking Fund. Indianapolis, April 13 Floyd E. Williamson, state auditor, last night announced that fifteen claims have been paid out of the state sinking fund to municipalities which had funds in banks which have suspended business since January 1. At the same time Williamson said he has received an opinion from Philip Lutz, Jr., attorneygeneral, in which it is held that banks being operated by conservators are not eligible to come under the provisions of the sinking fund law. The claims paid total $61,and have been paid for the following institutions: The Bank of Selma, Selma: The Star City State Bank, Star City: The Oxford State Bank, Oxford and The Farmers State Bank of Eminence. Williamson said there are now 21 state banks which have suspended operations and are eligible to come under the sinking fund law. He said there is sufficient money in the fund to pay all claims on file.

2. April 13, 1933 The Tipton Daily Tribune Tipton, IN

Click image to open full size in new tab

Article Text

Headaches? Talk to DR. FOSTER FIFTEEN CLAIMS PAID. Municipalities Are Aided By the State Sinking Fund. Indianapolis, April 13 Floyd E. Williamson. state auditor, last night announced that fitteen claims have been paid out of the state sinking fund to municipalities which had funds in banks which have suspended business since January 1. At the same time Williamson said he has received an opinion from Philip Lutz, Jr.. attorneygeneral. in which it is held that banks being operated by conservators are not eligible to come under the provisions of the sinking fund law. The claims paid total $61.423 95 and have been paid for the following Institutions: The Bank of Selma, Selma: The Star City State Bank, Star City: The Oxford State Bank. Oxford and The Farmers State Bank of Eminence. Williamson said there are now 21 state banks which have susperided operations and are eligible to come under the sinking fund law. He said there is sufficient money in the fund to pay all claims on file.