Laurel Bank - Laurel, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 6, 1895
Location: Laurel, Indiana (39.501, -85.186)

Metadata

Model: gpt-5-mini
Short Digest: 038671c0

Response Measures

None

Description

Article (Indianapolis Journal, 1895-03-07) reports the Laurel Banking Company went into voluntary liquidation on March 6, 1895. Cause cited: falling off in deposits and hard times. Although the piece says it is thought the bank may reopen if business revives, the bank entered voluntary liquidation (a suspension leading to closure); classified as suspension_closure.

Events (1)

1. March 6, 1895 Suspension

Cause: Voluntary Liquidation
Cause Details: Voluntary liquidation due to falling off in deposits over the past four months and general hard times; bank went into voluntary liquidation (suspension).
Newspaper Excerpt: LAUREL, Ind., March 6.-The Laurel Banking Company, of this place, went into voluntary liquidation to-day.
Source: newspapers

Newspaper Articles (1)

1. March 7, 1895 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, March 7, 1895

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Article Text

Laurel Bank in Liquidation. Special to the Indianapolis Journal. LAUREL, Ind., March 6.-The Laurel Banking Company, of this place, went into voluntary liquidation to-day. All demands will be paid in full. A falling off in deposits the past four months together with the hard times is the cause of the suspension. It is thought the bank will reopen with a revival of business.