State Farmers Bank - Keystone, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 1, 1925*
Location: Keystone, Indiana (40.596, -85.259)

Metadata

Model: gpt-5-mini
Short Digest: 833582a0

Response Measures

None

Description

Article states the bank was closed in August and a liquidating agent (First National Bank of Montpelier) is paying depositors — indicates suspension followed by permanent closure and liquidation. No run is mentioned and no specific cause for the closing is given in the article.

Events (2)

1. August 1, 1925* Suspension

Cause Details: Article only reports the bank was closed in August and a liquidating agent appointed; specific cause not given.
Newspaper Excerpt: The First National Bank of Montpelier, liquidating agent for the State Farmers' Bank of Keystone, has agreed to pay off the latter's depositors by Jan. 1, Barr said.
Source: newspapers

2. December 17, 1925 Receivership

Newspaper Excerpt: The First National Bank of Montpelier, liquidating agent for the State Farmers' Bank of Keystone, has agreed to pay off the latter's depositors by Jan. 1, Barr said.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1925 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, December 17, 1925

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Article Text

BANK CREDITORS SOUGHT Receiver of Lafontaire Institution Administers Affairs Well. According to word received by Thomas D. Barr, State bank commissioner, the receiver of the Lafontaine State Bank has administered the affairs of the institution so well that he is advertising for creditors. The bank was closed in August and W. H. Sharp, Wabash, was named receiver. The First National Bank of Montpelier, liquidating agent for the State Farmers' Bank of Keystone, has agreed to pay oq the latter's depositors by Jan. 1, Barr said.