5886. Maple Road State Bank (Indianapolis, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 30, 1930
Location
Indianapolis, Indiana (39.768, -86.158)

Metadata

Model
gpt-5-mini
Short Digest
c24f4201

Response Measures

Full suspension, Books examined

Other: State banking department took control of the institution after directors closed doors to stem run.

Description

Articles report a run on the Maple Road State Bank on Dec 30, 1930; directors closed doors to stem withdrawals and the Indiana State Banking Department took control. No article indicates the bank reopened; likely remained closed. The Citizens State Bank closed earlier the same day and appears to have triggered local contagion.

Events (3)
1. December 30, 1930 Run
Cause
Local Banks
Cause Details
Run occurred a few hours after the Citizens State Bank was closed, suggesting contagion from local bank failure.
Measures
Directors closed the bank's doors to stem withdrawals and conserve assets.
Newspaper Excerpt
directors of the institution having closed its doors Tuesday afternoon to stem a run and conserve its assets.
Source
newspapers
2. December 30, 1930 Suspension
Cause
Local Banks
Cause Details
State banking department took control after directors closed doors amid the run triggered by the earlier Citizens State Bank closure.
Newspaper Excerpt
Affairs of the Maple Road State bank ... were in the hands of the state banking department today, directors of the institution having closed its doors Tuesday afternoon to stem a run
Source
newspapers
3. May 15, 1931 Other
Newspaper Excerpt
Pullen was president of the Citizens State bank ... and vice-president of the Maple Road State bank. Thirtyeighth and Illinois streets. The west side institution closed the morning of Dec. 30 and in the afternoon the Maple road bank was closed.
Source
newspapers

Newspaper Articles (3)
1. December 30, 1930 The St. Louis Star and Times St. Louis, MO
Article from The St. Louis Star and Times, December 30, 1930

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Article Text

TWO LARGE BANKS CLOSE DOORS AT INDIANAPOLIS Dec. The Maple Road State Bank institution closed afternoon being the Indianapolis bank suspend today The Citizens Bank with nearly deposits closed doors noon Mississippi Banks Close MISS Dec to Denotice the front doors of two the largest banks Clarksdale today lowing They Planters National Bank Planters Trust and Savings Bank, an affiliated banks also were Mississippi closed today Maj. Franco In Belgium scraps of Maj. Ramon Franco, air who fled from his native land cently attempt arrived here today in search of

2. December 31, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, December 31, 1930

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Article Text

STATE CONTROLS BANK Maple R d Institution Is in Hands of Indiana Department. Affairs of the Maple Road State bank, 3817 North Illinois street, were in the hands of the state banking department today, directors of the institution having closed its doors Tuesday afternoon to stem a run and conserve its assets. The bank's closing came a few hours after the Citizens State bank, 2602 West Michigan street, was closed by the banking department for the same reasons. The Maple Road State bank was capitalized at $25,000; had loans of $180,000, deposits of $180,000, and surplus of $10,000. K. T. Brock is president and L. V. Wright, cashier. J. W. Pullen, president of the Citizens State bank, is vice-president of the Maple Road bank.

3. May 15, 1931 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, May 15, 1931

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Article Text

Lying on the garage floor near the exhaust of his car, which was running, John Pullen, 50, of 418 Buckingham drive, former official of two state banks which closed in December, attempted to take his life today. Following first aid treatment at his home, Pullen was rushed to city hospital where he received oxygen treatments. Later he was removed to the Methodist hospital. His condition was reported as "fair" by physician. Pullen had gone to the garage at 5 a. m. His brother-in-law, William Guynn, 52, of the same address, found him at 7:30. Pullen lay with his head at the end of the exhaust. He had covered his head with an overcoat, which, police said, possibly prevented his death. Pullen was president of the Citizens State bank, 2600 West Michigan street, and vice-president of the Maple Road State bank, Thirtyeighth and Illinois streets. The west side institution closed the morning of Dec. 30 and in the afternoon the Maple road bank was closed. Recently, according to Mrs. Gertrude Pullen, his wife, Pullen has been in ill health. He returned from Martinsville Sunday. First aid was administered Pullen