5988. Lafayette Savings Bank (Lafayette, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
December 28, 1932
Location
Lafayette, Indiana (40.417, -86.875)

Metadata

Model
gpt-5-mini
Short Digest
aea92536

Response Measures

None

Description

Court ordered a receiver for Lafayette Savings Bank (Ward Pampel named) in Dec 1932; by June 1933 receiver continued, indicating the bank remained in receivership/closed. No newspaper text describes a depositor run prior to suspension.

Events (2)
1. December 28, 1932 Suspension
Cause
Government Action
Cause Details
Court finding that a receiver should be appointed; formal receivership ordered by court in the case against the bank.
Newspaper Excerpt
Lafayette Savings Bank VS Fred J. Williams et l-Finding that receiver should be appointed. Ward Pampel is named receiver and gives bond in sum of $1,000.
Source
newspapers
2. June 3, 1933 Receivership
Newspaper Excerpt
Will D. McConnell ordered to continue as receiver, Lafayette Savings Bank VS Mary E. Widmer et al-... The receiver heretofore appointed shall continue.
Source
newspapers

Newspaper Articles (2)
1. December 28, 1932 The Monticello Journal Monticello, IN
Article from The Monticello Journal, December 28, 1932

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Article Text

NOTES FROM THE DOCKET OF WHITE CIRCUIT COURT Wm. F. Brucker and Wm. N. Loughry, receivers, vs Selina Graves Moody-Defendant files verified motion to dissolve the attachment. State vs Elbridge G. Ricker-Motion for, change of venue from Carroll county sustained, and cause is now changed to Carroll county. Metropolitan Life Ins. vs Thomas M. Jennett et al-Court approves final report of receiver, receiver is discharged and trust is closed. Mutual Benefit Life Ins. Co. vs Thomas J. Humphreys et al-Final report approved, receiver is discharged and clerk ordered to pay to plaintiff funds in his hands for distribution. State VS Farmers State Bank-Receivers file verified petition for an order authorizing them to sell and execute a deed to Jacob T. Miller of Marion county of certain described real estate in White county which is granted. State VS State Bank of MononReceivers file order to release certain notes and mortgages upon the receipt of $50 which is granted. Also file petition to expend $107.50 for construction of fences on lands belonging to trust and to build a new roof on a brick building situated on the described real estate which is granted. Monticello Lumber & Coal Co. vs Henry J. Keifer-Cause assigned for trial for Jan. 6. State VS State Bank of Wolcott and Eben Wynkoop files intervening petition asking for a preference of claim. Mutual Benefit Life Ins. Co. vs Edna J. Victor etal-Ralph W. Scowden enters appearance for de-\ fendants, Edna J. Victor and Raymond H. Victor. Lafayette Joint Stock Land Bank vs Fred Thomas et al-Carr, Wason and Love enter appearance for defendants, Wm. K. O'Connell, Joanna O'Connell and Margaret A. Shine. Bertie Ella Craig vs Chas. CraigApplication for suit money taken under advisement. Lafayette Joint Stock Land Bank vs Wilmer O. Biddle et al-Motion for change of venue filed and cause is ordered changed to Carroll county. Lafayette Savings Bank VS Fred J. Williams et l-Finding that receiver should be appointed. Ward Pampel is named receiver and gives bond in sum of $1,000. Mutual Benefit Life Ins. Co. vs Marie H. Stuhmer-Defendant files motion for a change of venue from White county which motion is sustained the court. Read Phosphate Co. vs Dan L. Boller et al-On plaintiff's motion cause is dismissed and costs are paid. Mutual Benefit Life Ins Co. Roscoe V. Halstead et al-Clerk of Jasper circuit court files transcript

2. June 3, 1933 The Monticello Journal Monticello, IN
Article from The Monticello Journal, June 3, 1933

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Article Text

contract of sale upon which contract there is now due the plaintiffs from the defendants the sum of that be strictly foreclosed against said defendant, and that the plaintiff's title to real estate be quieted and set at rest in them. Bonnie Wheeldon VS Virgil Wheeldon-On plaintiff's motion cause is dismissed. Allie Brandt vs John R. RogersFinding that the necessity exists for the appointment of guardian. Gertrude Jackson is appointed guardian. Anthony Mikesell v$ Louisa M, Moncel et al-Cause reassigned for trial for June 3. Geo. A. Shuster vs Anton DeGroot et plaintiff's motion cause is dismissed. Equitable Securities Co. vs Theo of Tippecanoe circuit court files transcript on change of venue to White county. Lafayette Savings Bank vs Mary E. Widmer et al-Defendants failed to comply with the order of the court to file an answer, and make default. John Hancock Mutual Life Ins. Co. vs Robert Chamberlain et al-Adjudged by the court that the plaintiff recover on the promissory notes and mortgage, the sum of $19,449.79, of which amount $926.18 is for plaintiff's attorney, together with the costs of this action; that the mortgage of the plaintiff is first mortgage lien on the real estate and that the equity of redemption of all the defendants be foreclosed and the real estate sold. Will D. McConnell ordered to continue as receiver, Lafayette Savings Bank VS Mary E. Widmer et al-Finding that there is due the plaintiff on the mortgage debt the principal sum of $6500, together with taxes, attorney fees, etc., in all $8421.33. Further ordered that the plaintiff's mortgage is first lien on the real estate, that the equity of redemption of the defendants be foreclosed and the real estate sold. The receiver heretofore appointed shall continue. State, ex rel Luther Symons, Bank Commissioners, vs Farmers State Bank -Receivers file petition asking authority to accept from Elizabeth Graves 10 shares of Union National Savings and Loan Association, Indianapolis, of the face value of $1,000, in consideration of full settlement of suit now pending and in full settlement of any liability on bank stock assessment, and petition is granted as prayed. Receivers authorized to accept stock and to dismiss suit. Wm. F. Brucker et al VS Selina Graves plaintiff's mo- tion cause is dismissed. In the matter of the intervening petition of Chas. H. Murray et Motion for a change of venue from White county sustained by the court and after the parties have stricken according to law, venue of cause ordered changed to Cass county. Stella Stansbury vs Roy Stansbury -Cause assigned for trial for June 8.