6072. Merom State Bank (Merom, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 13, 1915
Location
Merom, Indiana (39.056, -87.568)

Metadata

Model
gpt-5-mini
Short Digest
f77d5685

Response Measures

None

Description

State auditor (Crittenberger) 'took charge' of the Merom State Bank April 13–14, 1915; articles link the bank to the Anchor Life Insurance Co. and note a receivership was asked for the insurance company. No run or depositor agitation is mentioned. OCR typos in second article corrected (Meron -> Merom; Critterberger -> Crittenberger).

Events (2)
1. April 13, 1915 Receivership
Newspaper Excerpt
This bank... was involved with the Anchor Life Insurance company, for which a receiver has been asked for by the state of Indiana.
Source
newspapers
2. April 13, 1915 Suspension
Cause
Government Action
Cause Details
Auditor of State took charge; bank was involved with Anchor Life Insurance Co., which has had a receivership suit; rumored to hold insurance company stock as loan security.
Newspaper Excerpt
Auditor of State Crittenberger today took charge of the Merom State bank at Merom.
Source
newspapers

Newspaper Articles (2)
1. April 14, 1915 The Detroit Times Detroit, MI
Article from The Detroit Times, April 14, 1915

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Article Text

Indiana Bank Closed. INDIANAPOLIS, Ind., April 13.Auditor of State Crittenberger today took charge of the Merom State bank at Merom. This bank, it is understood, was involved with the Anchoi Life Insurance company, for which a receiver has been asked for by the state of Indiana.

2. April 14, 1915 South Bend News-Times South Bend, IN
Article from South Bend News-Times, April 14, 1915

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Article Text

TAKES OVER MEROM BANK Auditor Crittenberger Takes Charge Without Reason Being Given. INDIANAPOLIS, April 14.-Auditor of State Critterberger Tuesday took charge of the Meron State bank at Merom, Ind. No specific reason was announced. The Merom bank was mentioned in connection with the suit of a receivership for the Anchor Insurance Co. a few days ago. It is rumored that the bank held $20,000 worth of the insurance company's stock as security for loans.