5795. American National Bank (Indianapolis, IN)

View Charter #5672 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5672
Charter Number
5672
Start Date
March 6, 1933
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
e934f42d

Response Measures

None

Description

The predecessor Fletcher-American National suspended at the outset of the national banking holiday (March 1933). A new institution, the American National Bank (successor), opened and released deposits in August 1933. Later the institution was closed and in receivership by January 1936 when dividends were being paid. No run is described in the articles; the initial suspension was due to the national banking holiday (government action).

Events (5)
1. January 8, 1901 Chartered
Source
historical_nic
2. September 5, 1910 Voluntary Liquidation
Source
historical_nic
3. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Predecessor (Fletcher American National) was placed on a restricted basis/suspended at the outset of the national banking holiday; a conservator later managed assets.
Newspaper Excerpt
the Fletcher American suspended business at the outset of the national banking holiday.
Source
newspapers
4. August 24, 1933 Reopening
Newspaper Excerpt
With heavy deposits being made and new accounts opened, the American National bank, successor to the Fletcher-American National bank, began its first day of business today. ... The new institution made $8,000,000 available to depositors for the first time since the institution, then the Fletcher American, was placed on a restricted basis after the national holiday.
Source
newspapers
5. January 15, 1936 Receivership
Newspaper Excerpt
totaling $75,000, will be paid depositers of the closed American National Bank here, Harry W. De Prez, receiver, said today. The dividend will raise the total payment to 95 per cent.
Source
newspapers

Newspaper Articles (4)
1. August 23, 1933 Evening Star Washington, DC
Article from Evening Star, August 23, 1933

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Article Text

INDIANAPOLIS BANK OPENS TOMORROW New Institution to Release $8,000,000, Tied Up Since Holiday. By the Associated Press. INDIANAPOLIS, August -The American National Bank, a new institution supplanting the closed Fletcher American National Bank, will be opened here Thursday. releasing approximately $8,000,000 in deposits that have been tied up since the Fletcher American suspended business at the outset of the national banking holiday. Was State Depository. One of Indiana's largest banking houses, the old Fletcher American served as a depository for more than 200 banks throughout the State. Under the plan approved for formation of the new institution 50 per cent of the approximately $20,000,000 on deposit

2. August 24, 1933 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, August 24, 1933

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Article Text

DEPOSITS ARE HEAVY AS NEW BANK STARTS Many Accounts Begun as American National Opens Doors. EXCEED WITHDRAWALS Correspondent Institutions Send Funds: Half of Deposits Freed. With heavy deposits being made and new accounts opened, the American National bank, successor to the Fletcher-American National bank, began its first day of business today. Expressing confidence in the new institution, business firms and individuals listed deposits far exceeding withdrawals. Several hundred persons transacted business in the institution today, with Indiana banks, which use the American National as a depository, sending deposits by mail throughout the day. At noon, officers estimated deposits were "several times larger than withdrawals." Official figures of the day's business were to be compiled late this afternoon, after banking hours. The bank was opened this morning at 8:30, half an hour earlier than usual, to accommodate depositors. The new institution made $8,000000 available to depositors for the first time since the institution, then the Fletcher American, was placed on a restricted basis after the national holiday. Directors and officers of the institution said they were gratified with the reception accorded opening of the bank. First deposit in the institution was® made when the Postal Telegraph and Cable Company placed funds in the new bank. At 3 Wednesday, assets of the old bank were released by Frank C. Bopp, conservator. No formalities attended the opening, in line with the order of James C. Rogan, new president, who said he believed the fact that the institution was ready for business would be sufficient. With opening of the downtown bank, the branch institution at Forty-second street and College avenue again offered a complete service to depositors.

3. August 25, 1933 The Call-Leader Elwood, IN
Article from The Call-Leader, August 25, 1933

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Article Text

Indiana Bank Licensed. United Press) Washington Aug. 25. Seven additional banks were licensed by the treasury department today to resume business on a normal basis. They included the American National Bank at Indianapolis.

4. January 15, 1936 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, January 15, 1936

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Article Text

totaling $75,000, will be paid depositers of the closed American National Bank here, Harry W. De Prez, receiver, said today. The dividend will raise the total payment to 95 per cent.