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

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 7, 1928
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini
Short Digest: b17670ab

Response Measures

None

Description

The bank is repeatedly described as 'defunct' and in receivership since Aug. 7, 1928. Articles (1935) discuss receivers, receivers' actions, and lack of prospect for dividends. No run is mentioned; the bank remains closed and being wound up, so classified as a suspension leading to permanent closure (receivership).

Events (4)

1. August 7, 1928 Receivership

Newspaper Excerpt: Mr. Lowther has served as receiver and trustee since Aug. 7, 1928.
Source: newspapers

2. May 21, 1935 Receivership

Newspaper Excerpt: Robert F. Davidson, attorney, today took over his duties as receiver for the J. F. Wild & Co. State Bank. He was appointed by Probate Judge Smiley N. Chambers to succeed Richard N. Lowther, Indianapolis attorney, resigned.
Source: newspapers

3. June 25, 1935 Other

Newspaper Excerpt: Suit against 1000 defendants to wind up the realty affairs of the defunct J. F. Wild & Co. State Bank was filed today in Probate Court by Robert F. Davidson, receiver and trustee for the realty.
Source: newspapers

4. December 23, 1935 Other

Newspaper Excerpt: Receivers for the J. F. Wild & Co. State Bank ... saw no prospect of dividend payments.
Source: newspapers

Newspaper Articles (3)

1. May 21, 1935 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, May 21, 1935

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Article Text

NEW RECEIVER IN BANK POST Robert Davidson Named to Manage Affairs of Wild Company. Robert F. Davidson, attorney, today took over his duties as receiver for the J. F. Wild & Co. State Bank. He was appointed by Probate Judge Smiley N. Chambers to succeed Richard N. Lowther, Indianapolis attorney, resigned. Mr. Davidson will receive $600 monthly salary. He was ordered by the court to sell all Florida property held by the defunct bank and to wind up the receivership at the earliest possible date. Most of the property held by the receiver for the bank will realize little or nothing for bank depositors. Judge Chambers said depositors and general creditors have been paid dividends totaling 67½ per cent. A total of $5215.42 in unpaid dividend checks is held by the new receiver. Mr. Lowther has served as receiver and trustee since Aug. 7, 1928.

2. June 25, 1935 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, June 25, 1935

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Article Text

# 1000 ARE SUED BY RECEIVER FOR BANK Move to Wind Up Realty Affairs of Firm. Suit against 1000 defendants to wind up the realty affairs of the defunct J. F. Wild & Co. State Bank was filed today in Probate Court by Robert F. Davidson. receiver and trustee for the realty. The suit was a petition for an order directing sale of realty assets with an appraised value of approximately $400,000. The 1000 defendants include both banks and individuals in nearly every county in the state. Probate Judge Smiley N. Chambers said service would be ordered at once on all defendants and that the order would be issued at the fall term of court.

3. December 23, 1935 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, December 23, 1935

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Article Text

3 DEFUNCT CITY BANKS DECLARE YULE DIVIDENDS $141,000 Is Distributed to Depositors in Time for Christmas. Depositors of three defunct Indianapolis banks have received Christmas presents of dividends in excess of $141,000, it was announced today by the receivers. The City Trust Co. declared a 5 per cent dividend amounting to $80,000 last Saturday, Oren S. Hack, receiver, said. A similar dividend payment was made in October, 1934. The Aetna Trust & Savings Co., declared a 7½ per cent dividend amounting to $60,000 last month, officials said. A 2 per cent dividend was paid this week by Maple-rd State Bank, E. Kirk McKinney, receiver, said. The amount paid was $1534 and brings the total dividend payment up to 39½ per cent. Litigation prohibits the. Washington State Savings & Trust Co., Farmers Trust Co. and Meyer-Kiser Bank from declaring dividends at this time, receivers said. Receivers for the J. F. Wild & Co. State Bank and State Savings & Trust saw no prospect of dividend payments, and the Belmont State Bank anticipates a dividend payment soon after the holidays.