National Bank of LaGrange

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Start Date: *
Location: Lagrange, Indiana (41.642, -85.417)

Metadata

Model: gpt-5-mini
Short Digest: 97422bb2

Response Measures

None

Description

OCR corrected 'Larange' -> 'LaGrange'. Article (Dec 20, 1932) reports the National Bank of LaGrange was in receivership/liquidation and paid 90.50% to depositors — indicates a permanent closure/receivership liquidation. No run or temporary suspension/reopening is mentioned.

Events (1)

1. * Receivership

Newspaper Excerpt: the National bank of Larange paid 90.50
Source: newspapers

Newspaper Articles (1)

1. December 20, 1932 The Republic Columbus, IN

Article from The Republic, December 20, 1932

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Article Text

INDIANA IS FAIR IN BANK RATING Has Had Fewer Suspensions Than Most Mid-West States in Period. Washington, Dec. 20. ana fared better than most of the eight middle states in the total number of bank suspensions during the 11/2-year period ended June The annual report of the comptroller of the to congress, shows Indiana had 352 suspensions during the period, while Illinois, Iowa, Missouri and Minnesota had far greater numbers Iowa's 887, Illinois' 648, Missouri's 572 and Minnesota's 559 placed Indiana fifth among its neighboring middle western states. Of Indiana's group 321 and private institutions and 31 were national. Others Low in Scale. Ranking below Indiana Wisconsin with 158. Ohio with 212 and Michigan with 247. The report shows that of the four national bank receiverships in Indiana liquidated and finally or restored to solvency, one of them paid 102.3 per cent to its depositors and again was as solvent, while two of the others paid nearly 100 per The First bank of Sheridan paid the 102.3, while the National bank of Larange paid 90.50 and the First National of Noblesville paid 98.2 per cent. The First National bank of Ambia paid 52.1 The comptroller's report also shows Luther F. Symons, the Indiana banking commissioner. has 534 banking institutions of all classes under his jurisdiction. This is the smallest number of any of the middle western states with the exception of Michigan, which has 478.