First National Bank - Marion, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4189
Charter Number: 4189
Start Date: December 1, 1930*
Location: Marion, Indiana (40.550, -85.659)

Metadata

Model: gpt-5-mini
Short Digest: 8db3919e

Response Measures

None

Description

Articles indicate the First National Bank of Marion closed in December (reported in Jan 1931) and a receiver was acting for the bank. No article describes a depositor run prior to suspension. Cause of closure is not stated in the excerpts (insufficient information), so cause is classified as 'other/unknown'. Dates: the bank closed December (year inferred as 1930 since the receiver report is dated Jan 13, 1931).

Events (4)

1. December 1, 1930* Suspension

Cause Details: Article states bank closed December but gives no reason or explanation for the suspension/closure.
Newspaper Excerpt: RECEIVER REPORTS ON MARION BANK who has been acting receiver of the First National bank, which closed December
Source: newspapers

2. January 13, 1931 Receivership

Newspaper Excerpt: RECEIVER REPORTS ON MARION BANK who has been acting receiver of the First National bank ... made his first the public showing the assets of the bank exceed the liabilities by $170,985 ... The total assets are given as $1,952,643 and the liabilities as 781 657 He has cash on hands of $158,000 ... (Evansville Courier and Press, 1931-01-13).
Source: newspapers

3. May 23, 1931 Other

Newspaper Excerpt: The First National bank here recently was appointed receiver for the Indiana corporation. The receiver informed the court that the lines had not been operated at a profit ... (Indianapolis Times, May 23, 1931).
Source: newspapers

4. November 18, 1931 Other

Newspaper Excerpt: Claims totaling $5,800 were allowed as general claims against the First National Bank, receiver ... (Chronicle Tribune, 1931-11-18).
Source: newspapers

Newspaper Articles (4)

1. January 11, 1930 Leader-Tribune Marion, IN

Article from Leader-Tribune, January 11, 1930

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Article Text

Court Calendar Circuit Judge O. D. Clawson has set the following cases for the schedule of the tenth week of the November term. which starts Monday. JanMonday, Baxter garden. Tuesday. Jan 21 Swanger & Clain Darby Paper Co. Bedell Migr. Wednesday, Jan. 22-Pettiford Beck: Harding Shelby. Thursday Jan Fear; Seale Fear. Friday Jan. R. Esler vs. First National Bank, receiver.

2. January 13, 1931 Evansville Courier and Press Evansville, IN

Article from Evansville Courier and Press, January 13, 1931

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Article Text

RECEIVER REPORTS ON MARION BANK who has been acting receiver of the First National bank, which closed December today made his first the public showing the assets of the bank exceed the liabilities by $170,985 The total assets are given as $1,952,643 and the liabilities as 781 657 He has cash on hands of $158,000 and the ability of the bank to make an early will on the collection of outstanding

3. May 23, 1931 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, May 23, 1931

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Article Text

OFFER FOR BUS LINE Reindeer and Greyhound Seek to Acquire Indiana Coach. By Times Special MARION, Ind., May 23.-Authority of the public service commission has been requested following permission granted by Judge Oren W. Dickey to attorneys for Reindeer Stages, Inc., and Greyhound Lines, Inc., to take over the operation of the lines of the Indiana Safety Coach Corporation. The First National bank here recently was appointed receiver for the Indiana corporation. The receiver informed the court that the lines had not been operated at a profit and requested permission to turn them over to the other firms. Both the Reindeer Stages and Greyhound Lines are believed interested in continuing the operation of the lines until they are offered for sale by the receiver.

4. November 18, 1931 Chronicle Tribune Marion, IN

Article from Chronicle Tribune, November 18, 1931

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Article Text

HOLDS CLAIMS CASE HEARING Superior Judge Oren W. Dickey today heard evidence claims filed against receivers in two cases pendin his court. Claims totaling $5,800 were lowed as general claims against the First National Bank, receiver the Indiana Safety Coach Corp The court claims parts of claims totaling $23,000. Creditors of the defunct concern will receive 15 cent claims which now total The court also allowed claim filed by Mrs Mand Kinnear against National bank. ceiver for the Kinnear in the sum The claim was allowed as general claim. A. A. U. RE-ELECTS BRUNDAGE KANSAS cluding annual convention the of Avery Brundage of Chicago, as president, and the selection New York its 1932 convention city, the Amateur Ath letic Union prepared today form an alliance with the Y. M