Meyer-Kiser Bank - Indianapolis, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1928*
Location: Indianapolis, Indiana (39.768, -86.158)

Metadata

Model: gpt-5-mini
Short Digest: b3ba02c9

Response Measures

None

Description

Article (1934) discusses embezzlement trial and refers to the bank's failure to show profit in 1928 and identifies a receiver (Thomas E. Garvin). No run is described; the bank is in receivership, indicating it closed. Classified as a suspension leading to closure. Date of failure cited as 1928 in the text; receiver was active by 1934.

Events (2)

1. January 1, 1928* Receivership

Newspaper Excerpt: after the bank failed to show profit in 1928 ... Thomas E. Garvin, receiver for the Meyer-Kiser Bank, ... were other witnesses.
Source: newspapers

2. July 17, 1934 Other

Newspaper Excerpt: STATE CLAIMS BANK PAID DIVIDEND FOR BANKRUPT CONCERN ... The state today, through witnesses in the embezzlement trial of Melville S. Cohn, former vice-president of the Meyer-Kiser Bank here, sought to show funds of the bank were used...
Source: newspapers

Newspaper Articles (1)

1. July 18, 1934 The Star Press Muncie, IN

Article from The Star Press, July 18, 1934

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Article Text

STATE CLAIMS BANK PAID DIVIDEND FOR BANKRUPT CONCERN Indianapolis, July 17 (A)-The state today, through witnesses in the embezzlement trial of Melville S. Cohn, former vice-president of the Meyer-Kiser Bank here, sought to show funds of the bank were used pay a $37.50 dividend to a stockholder of a real estate company that was in receivership and for which the bank had floated stock issue. Defense objections repeatedly were interposed as state attorneys began an attempt to prove. that after the bank failed to show profit in 1028 its officers used funds of the institution to prevent collapse of several real estate companies. Special Judge Alex G. Cavins withheld decision on several of the objections. Miss Grace Jackson, a former vicepresident of the bank, testified she signed $37.50 dividend check payable to Albert Blue, preferred stockholder in the Fralich Realty Company, and Blue told the company he received it. The specific charge On which Cohn is being tried is based on this check. Thomas E. Garvin, receiver for the Meyer-Kiser Bank, and J. J. Kelly. of Gary, receiver for the Fralich company, were other witnesses.