German Bank - Evansville, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 16, 1902
Location: Evansville, Indiana (37.975, -87.556)

Metadata

Model: gpt-5-mini
Short Digest: ccf77b84

Response Measures

None

Description

The single article (Indianapolis Journal, 1902-12-16) states that the German Bank of Evansville have suspended business. No mention of a prior run or of reopening or receivership is given. Because the article only reports a suspension with no later reopening reported in the provided material, I classify this as a suspension that likely resulted in closure; this is somewhat uncertain due to lack of follow-up information.

Events (1)

1. December 16, 1902 Suspension

Cause Details: Article provides no reason for the suspension; cause not specified in text.
Newspaper Excerpt: Since the last call the German Bank, of Evansville, ... have suspended business.
Source: newspapers

Newspaper Articles (1)

1. December 16, 1902 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, December 16, 1902

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Article Text

STATE BANKS THRIVING DEPOSITS INCREASED $800,000 SINCE LAST REPORT TO AUDITOR. Overdrafts Have Decreased and More Loans Have Been Made-Banks' Resources and Liabilities. Indiana state banks are thriving, according to the last reports made to the auditor of state and prepared by Lee O. Rothchild, chief clerk of the Bank Department. The report answers the call made Nov. 25. A comparison with the report made Sept. 15 shows that deposits have increased over $800,000, loans and discounts over $700,000, while overdrafts have decreased $40,000 over the last call. On a combined capital of $4,770,550 the surplus and profits amount to $1,530,619.62, which is a most excellent showing in the opinion of bankers. Since the last call the German Bank, of Evansville, and the State Bank, of North Judson, have suspended business. The figures prepared by Mr. Rothchild follow: -Resources.-