First State Bank - Hobart, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 6, 1931
Location: Hobart, Indiana (41.532, -87.255)

Metadata

Model: gpt-5-mini
Short Digest: c3871cea

Response Measures

None

Description

Short news item (Evansville Press, 1931-10-06) reports closing of First State Bank of Hobart and that the State Banking Department examiner will investigate. No run or depositor panic is mentioned; closure appears regulatory/administrative but no receiver or reopening is described in the text, so classified as suspension leading to closure. OCR corrected none significant.

Events (1)

1. October 6, 1931 Suspension

Cause Details: Article only reports the bank was closed and that the state examiner would investigate; no cause given.
Newspaper Excerpt: Closing of the First State Bank of Hobart, Lake County, was reported to the State Banking Department today. Thomas Barr, state examiner, said he would go to Hobart to investigate.
Source: newspapers

Newspaper Articles (1)

1. October 6, 1931 Evansville Press Evansville, IN

Article from Evansville Press, October 6, 1931

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Article Text

THIEVES GET JEWELRY Joseph Hufnagel Home Entered Monday Night Thieves who entered the rear door of the home of Joseph Hufnagel, 411 N. Barker-av, Monday night took two gold rings valued at $60 watches, police said. wedding ring. beads and valuable stick pen were stolen week ago from the home of Laura Schmitt, 419 Fulton-av. BANK CLOSED By Oct. -Closing of the First State Bank of Hobart, Lake County, was reported to the State Banking Department today. Thomas Barr, state examiner, said he would go to Hobart to investigate.