Hope State Bank - Hope, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 19, 1923
Location: Hope, Indiana (39.304, -85.771)

Metadata

Model: gpt-5-mini
Short Digest: 9311827a

Response Measures

None

Description

Article (1923-10-19) states the Hope State Bank has closed its doors and describes ongoing negotiations for reorganization tied to exposure to Republic Refining Company (which went into receivership/bankruptcy). No run is mentioned. Closure appears to be a suspension leading toward reorganization/closure; no reopening is reported in these articles.

Events (1)

1. October 19, 1923 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank held about $15,000 in checks given by Republic Refining Company, which went into receivership and bankruptcy, creating distress for the bank.
Newspaper Excerpt: Negotiations for a reorganization of the Hope State Bank, which has closed its doors, are continuing.
Source: newspapers

Newspaper Articles (1)

1. October 19, 1923 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, October 19, 1923

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Article Text

# PARLEY ON HOPE BANK Negotiations for a reorganization of the Hope State Bank. which has closed its doors, are continuing. A conference of bank officials with J. M. Sims, Indianapolis, former president of the Republic Refining Company, was held Thursday. John O. Spahr, attorney for Sims, said the bank holds about $15,000 in checks given by Sims. The Republic Refining Company recently went into receivership and later into bankruptcy. It was said no definite conclusion concerning the bank had been reached.