5844. Indiana Banking Company (Indianapolis, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 2, 1893
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
062a64dc

Response Measures

None

Description

Articles show the bank was in receivership (receiver F. Rand) in Dec 1893 and the receiver petitioned to sell assets in Jan 1894. The reports imply the bank suspended/payments and was closed and put into receivership; no article describes a depositor run. Classified as suspension leading to closure (receivership).

Events (2)
1. December 2, 1893 Receivership
Newspaper Excerpt
F. Rand, receiver of the Indiana Banking Company, yesterday filed his report on the intervening petition ... The receiver reported that he had assigned to the attorneys the Sturm and Heath notes and Sturm contract with the bank, and the report was approved by Judge Bartholomew, who sat as special judge.
Source
newspapers
2. January 3, 1894 Other
Newspaper Excerpt
Receiver Rand, of the Indiana Banking Company, yesterday filed a petition ... asking authority to sell a five-thousand-dollar note for $25. ... The receiver says that both the maker and indorsers of the note are insolvent ... and recommends that the court order the sale made for that amount.
Source
newspapers

Newspaper Articles (2)
1. December 2, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, December 2, 1893

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Article Text

# Receiver's Report. F. Rand, receiver of the Indiana Banking Company, yesterday filed his report on the intervening petition for an allowance filed in Room 1 last Wednesday. The receiver reported that he had assigned to the attorneys the Sturm and Heath notes and Sturm contract with the bank, and the report was approved by Judge Bartholomew, who sat as special judge.

2. January 3, 1894 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, January 3, 1894

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Article Text

# It Sold Cheap. Receiver Rand, of the Indiana Banking Company, yesterday filed a petition in Room 1 of the Superior Court asking authority to sell a five-thousand-dollar note for $25. The note is one executed by Col. B. C. Shaw in February, 1879, payable in four months, and indorsed by Irvin Robbins and Aquilla Jones, sr. The receiver says that both the maker and indorsers of the note are insolvent, and says that he is offered $25 for the note by Aquilla Jones, jr., and recommends that the court order the sale made for that amount.