J. F. Wild & Co. State Bank - Indianapolis, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 26, 1933
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini
Short Digest: 720de91b

Response Measures

None

Description

Article (Apr 26, 1933) describes the bank as 'defunct' with a receiver (Richard L. Lowther) paying dividends to depositors. No run is reported in the text. The bank was closed and in receivership; hence classified as a suspension/closure with receiver. Exact suspension date not given in the article.

Events (3)

1. April 26, 1933 Other

Newspaper Excerpt: With 62½ per cent previously paid, this allowance makes a total 65 per cent dividend to depositors, Receiver Richard L. Lowther told the court.
Source: newspapers

2. April 26, 1933 Receivership

Newspaper Excerpt: Distribution of an additional 2½ per cent dividend to depositors of the defunct J. F. Wild & Co. state bank was ordered today by Probate Judge Smiley N. Chambers. ... Receiver Richard L. Lowther told the court.
Source: newspapers

3. * Suspension

Cause Details: Bank is described as defunct and in receivership; article does not state the trigger (no run or regulatory action specified).
Newspaper Excerpt: defunct J. F. Wild & Co. state bank
Source: newspapers

Newspaper Articles (1)

1. April 26, 1933 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, April 26, 1933

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Article Text

# WILD BANK TO PAY DIVIDEND Additional 2.5 Per Cent Payment Is Ordered by Judge. Distribution of an additional 2½ per cent dividend to depositors of the defunct J. F. Wild & Co. state bank was ordered today by Probate Judge Smiley N. Chambers. With 62½ per cent previously paid, this allowance makes a total 65 per cent dividend to depositors, Receiver Richard L. Lowther told the court. "This will not be the last of the dividend," Chambers said. He directed Lowther to write each depositor explaining status of the trust. Cash on hand, available for distribution, is $93,818, Lowther's report to the court states. However, only $85,037 will be disbursed at this time. The receiver asked permission to retain part of the fund to complete operation of the receivership. Fund from which the payment is made was secured from judgments against estates of John J. Appel, Robert I. Todd and from Frank N. Millikan, former directors of the institution, the petition stated. The receiver has collected majority of the $115,000 put up by the directors on accommodation notes prior to the bank's closing, according to Chambers. Letters from Lowther accompanying the dividend checks stated that unliquidated assets left in the receivership total about $500,000. While the court and receiver desire to liquidate these assets immediately, he said, they feel that it is advisable to await better real estate market conditions.