6093. State Bank (Monon, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 5, 1932
Location
Monon, Indiana (40.868, -86.879)

Metadata

Model
gpt-5-mini
Short Digest
9cce723e

Response Measures

None

Description

Articles show the State Bank of Monon was in receivership by Feb 1932 and receivers were still administering the bank's assets in Dec 1932 (selling real estate, releasing notes). No article describes an antecedent depositor run; instead the bank was placed in receivership and is being wound up. Therefore classify as a suspension (closure) with receivership.

Events (3)
1. February 5, 1932 Receivership
Newspaper Excerpt
Receivers State Bank of Monon VS Paul Glick et al-Re-assigned for trial Feb. 18. (Docket entry showing receivers in place.)
Source
newspapers
2. February 5, 1932 Suspension
Cause Details
Article notes that receivers were handling litigation related to the State Bank of Monon; no explicit cause for suspension given.
Newspaper Excerpt
Receivers State Bank of Monon VS Paul Glick et al-Re-assigned for trial Feb. 18.
Source
newspapers
3. December 28, 1932 Receivership
Newspaper Excerpt
State VS State Bank of Monon-Receivers file order to release certain notes and mortgages upon the receipt of $50 which is granted. Also file petition to expend $107.50 for construction of fences on lands belonging to trust and to build a new roof on a brick building situated on the described real estate which is granted.
Source
newspapers

Newspaper Articles (2)
1. February 5, 1932 The Monticello Journal Monticello, IN
Article from The Monticello Journal, February 5, 1932

Click image to open full size in new tab

Article Text

NOTES FROM THE DOCKET OF WHITE CIRCUIT COURT Probate Frank Fitzpatrick estate-Ceci! Fitzpatrick named administrator. Guy Klinkhamer estate-Everett M. Harmon named administrator. Mary E. Sharkey estate-Final port set for hearing Feb. 27. Monia Telephone Co. vs Mary Phebus estate-Set for trial Feb. heritance tax appraiser set for hearing Feb. 25. Wm. A. Barnes estate-Petition granted to sell U. S. gold bonds on open market. Mary E. Herron estate-Final report approved. Franklin P. Nipple estate-No inheritance tax payable. Joseph V. Younger estate-Final report set for hearing Feb. 27. Myrtle B. Brockway estate-Final report set for hearing Feb. 29. John S. Rainier estate-Final report approved. Henry A. Blume estate-No inheritance tax due. Final report approved. Civil Caleb J. Fry et al vs Carl Middlestadt et al-Court orders claims in this receivership must be filed with Charles Sill, receiver, within ten days. Ora A. Rawlins vs Archie K. Rawlins-Dismissed by plaintiff. Vernie Seymour VS Iva 1. Seymour -Motion to modify former order of court set for hearing Feb. 9. Receivers State Bank of Monon VS Paul Glick et al-Re-assigned for trial Feb. 18. American Ag. Chemical Co. vs George Bullington Sr. et al-Dismissed on plaintiff's motion. James Bowsher vs Ben BowsherJudgment to plaintiff of $132 and costs. Alice Capper vs Jonathan Capper -Affidavit for citation filed. State ex rel Luther Symons Farmers State Bank Receivers granted petition to pay $100 to Homer Elliott, Indianapolis attorney, for services before supreme court; also payment to Jim Engle of $10 for transportation. Northwestern Life Ins. Co. V1 Adolphus Bissonnette et al-Allowance of $200 to Charles Sill, receiver. State vs Harry Ént-Assigned for trial Feb. 10. Burdell B. Baker, trustee, et al vs Benjamin V, Craig et al-Set for trial Feb. 16. Chas, H. Leeson and Florence E. Leeson vs Howard C. Robbins-Assigned for making up of issues Feb. 19. Daisy Tuggle vs Arch Elijah et al -Sot for trial Feb. 23. Arthur Cray vs L., Vernon Sharp-Judgment to plaintiff of and costs. Marie Van Deman vs Willard Van Deman-Custody of minor child to plaintiff and allowance of $5 per week support money and $50 attorney fees. Mr. and Mrs. John Stater and Mr. and Mrs. Lester Stater of Connersville came yesterday for a visit with the former's brother, Harry Stater and family. They will return home tomorrow.

2. December 28, 1932 The Monticello Journal Monticello, IN
Article from The Monticello Journal, December 28, 1932

Click image to open full size in new tab

Article Text

NOTES FROM THE DOCKET OF WHITE CIRCUIT COURT Wm. F. Brucker and Wm. N. Loughry, receivers, vs Selina Graves Moody-Defendant files verified motion to dissolve the attachment. State vs Elbridge G. Ricker-Motion for, change of venue from Carroll county sustained, and cause is now changed to Carroll county. Metropolitan Life Ins. vs Thomas M. Jennett et al-Court approves final report of receiver, receiver is discharged and trust is closed. Mutual Benefit Life Ins. Co. vs Thomas J. Humphreys et al-Final report approved, receiver is discharged and clerk ordered to pay to plaintiff funds in his hands for distribution. State VS Farmers State Bank-Receivers file verified petition for an order authorizing them to sell and execute a deed to Jacob T. Miller of Marion county of certain described real estate in White county which is granted. State VS State Bank of MononReceivers file order to release certain notes and mortgages upon the receipt of $50 which is granted. Also file petition to expend $107.50 for construction of fences on lands belonging to trust and to build a new roof on a brick building situated on the described real estate which is granted. Monticello Lumber & Coal Co. vs Henry J. Keifer-Cause assigned for trial for Jan. 6. State VS State Bank of Wolcott and Eben Wynkoop files intervening petition asking for a preference of claim. Mutual Benefit Life Ins. Co. vs Edna J. Victor etal-Ralph W. Scowden enters appearance for de-\ fendants, Edna J. Victor and Raymond H. Victor. Lafayette Joint Stock Land Bank vs Fred Thomas et al-Carr, Wason and Love enter appearance for defendants, Wm. K. O'Connell, Joanna O'Connell and Margaret A. Shine. Bertie Ella Craig vs Chas. CraigApplication for suit money taken under advisement. Lafayette Joint Stock Land Bank vs Wilmer O. Biddle et al-Motion for change of venue filed and cause is ordered changed to Carroll county. Lafayette Savings Bank VS Fred J. Williams et l-Finding that receiver should be appointed. Ward Pampel is named receiver and gives bond in sum of $1,000. Mutual Benefit Life Ins. Co. vs Marie H. Stuhmer-Defendant files motion for a change of venue from White county which motion is sustained the court. Read Phosphate Co. vs Dan L. Boller et al-On plaintiff's motion cause is dismissed and costs are paid. Mutual Benefit Life Ins Co. Roscoe V. Halstead et al-Clerk of Jasper circuit court files transcript