North Liberty State Bank - North Liberty, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 24, 1928
Location: North Liberty, Indiana (41.534, -86.427)

Metadata

Model: gpt-5-mini
Short Digest: 2391758c

Response Measures

None

Description

Article (The South Bend Tribune, 1928-11-24) reports the North Liberty State Bank will operate for the next 90 days under authority of its own officers and under receivership after a court ruling. No mention of a depositor run in the excerpt; action is a receivership/government action. It is unclear from the single short excerpt whether the bank eventually reopened; presence of receivership supports classifying as suspension with closure/receivership. OCR errors in the excerpt were corrected (e.g., broken phrases).

Events (1)

1. November 24, 1928 Suspension

Cause: Government Action
Cause Details: Court ruling placing the bank into receivership; bank to operate under receivership for 90 days following judge's decision.
Newspaper Excerpt: The North Liberty State bank will operate for the next 90 days under the authority its own officers, and under receivership, under ruling handed down by Judge ... denying petition ...
Source: newspapers

Newspaper Articles (1)

1. November 24, 1928 The South Bend Tribune South Bend, IN

Article from The South Bend Tribune, November 24, 1928

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Article Text

BANK RECEIVER IS NOT NAMED The North Liberty State bank will operate for the next 90 days under the authority its own officers, and under receivership, under ruling handed down by Judge Fred superior court No. Friday afternoon, denying petition filed Lenn Oare in behalf Arthur Gilliom and State Bank Commissioner Luther Symons. The will be carried to the state Mr. upon receiving Judge Bingham's rul-