State Bank - Kempton, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 4, 1933
Location: Kempton, Indiana (40.288, -86.230)

Metadata

Model: gpt-5-mini
Short Digest: e6bc064c

Response Measures

None

Description

Article is a notice to depositors (Jul 21, 1934) stating the State Bank of Kempton suspended payments on March 4, 1933. No mention of a depositor run is present. The notice and involvement of the Auditor of State/Attorney General indicate the bank remained closed and state authorities were handling public funds; therefore classified as suspension leading to closure. Cause for the suspension is not stated in the article.

Events (1)

1. March 4, 1933 Suspension

Cause Details: Article does not state the reason for the suspension of payments; only that the bank suspended payments on March 4, 1933 and state officials are administering public funds thereafter.
Newspaper Excerpt: which bank suspended pay ment on March 4, 1933
Source: newspapers

Newspaper Articles (1)

1. July 21, 1934 The Tipton Daily Tribune Tipton, IN

Article from The Tipton Daily Tribune, July 21, 1934

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Article Text

Notice to Depositors. Pursuant to Section 9 of Chapter 33, Acts of 1932, Page 146, it is the decision of the Auditor of State and the Attorney General, that there was on deposit with the State Bank of Kempton Ind., which bank suspended pay ment on March 4, 1933, the fol lowing Public Funds classed as New Money: Tipton County Town of Kempton 792.76 Jefferson Township, Tipton County 14,979.91 Prairie Township, Tipton County 4,650.03 Ten days after this publication. if there is no objection, the Auditor of State will issue his warrant for the above amounts. FLOYD E. WILLIAMSON, Auditor of State PHILIP LUTZ, JR., Attorney General c-250 State of Indiana