6062. Markle State Bank (Markle, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 1, 1933*
Location
Markle, Indiana (40.825, -85.339)

Metadata

Model
gpt-5-mini
Short Digest
51c25b25

Response Measures

None

Description

Articles report the Markle State Bank was closed in late March 1933 and a receiver (C. E. Paul) was appointed by court on April 1, 1933 after the state banking commission filed a petition. No run is described in the provided articles; closure appears driven by regulatory action leading to receivership.

Events (2)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
State banking commission filed petition leading to bank closure; directors and depositors requested receiver appointment.
Newspaper Excerpt
Markle State Bank which was closed last week.
Source
newspapers
2. April 1, 1933 Receivership
Newspaper Excerpt
Circuit Judge Sumner Kenner today appointed C. E. Paul, of Markle, as receiver for the Markle State Bank which was closed last week. Petition for appointment of a receiver was filed by the state banking commission.
Source
newspapers

Newspaper Articles (2)
1. April 2, 1933 The Star Press Muncie, IN
Article from The Star Press, April 2, 1933

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Article Text

MARKLE MAN NAMED STATE BANK RECEIVER Huntington, Ind., April 1 (P)-Circuit Judge Sumner Kenner today appointed C. E. Paul, of Markle, as receiver for the Markle State Bank which was closed last week. Petition for appointment of a receiver was filed by the state banking commission. The directors and seventy per cent of the depositors had filed an application asking for Paul's appointment.

2. April 9, 1933 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, April 9, 1933

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Article Text

Markle Bank Receiver Seeks Full Assessment [Special to The Indianapolis Star.] HUNTINGTON. Ind., April Charles E. Paul, for the Markle closed recently the filed suit cent assessment of in Circuit today public funds deposited Sparks trustee Rock ship. the sufficient satisfy obligations of the institutions.