Lincoln Bank and Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 11, 1934
Location: Muncie, Indiana (40.193, -85.386)

Metadata

Model: gpt-5-mini
Short Digest: b474e888

Response Measures

None

Description

Article (Indianapolis Times, 1934-07-11) reports the Lincoln Bank and Trust Company has been in receivership four years and that the receivership is to be closed and assets sold. There is no mention of a depositor run in the text, so this is classified as a suspension leading to permanent closure/receivership resolution.

Events (1)

1. July 11, 1934 Receivership

Newspaper Excerpt: Upon order of Circuit Judge L. A. Guthrie, receivership of the Lincoln Bank and Trust Company is to be closed and assets sold. The bank has been in receivership four years.
Source: newspapers

Newspaper Articles (1)

1. July 11, 1934 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, July 11, 1934

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Article Text

Receivership to End By Times Special MUNCIE, July 11.-Upon order of Circuit Judge L. A. Guthrie, receivership of the Lincoln Bank and Trust Company is to be closed and assets sold. The court acted upon recommendation of Jacob D. Miltenberger, receiver. The bank has been in receivership four years. It has paid four dividends-one of 25 per cent, two of 20 per cent and the fourth, 10 per cent.