Oolitic State Bank - Oolitic, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 15, 1932
Location: Oolitic, Indiana (38.901, -86.525)

Metadata

Model: gpt-5-mini
Short Digest: 058924c1

Response Measures

None

Description

Article (Dec 17, 1932) reports payments by the receiver (Albert Fields) to depositors of the defunct Oolitic State Bank, referencing a December 15 payment. No run is mentioned; bank is closed and in receivership, so classified as suspension_closure (permanent closure with receiver).

Events (1)

1. December 15, 1932 Receivership

Newspaper Excerpt: Depositors Of Defunct Oolitic State Bank Receive Checks From Albert Fields ... Announcement made today ... by Albert Fields, the bank receiver ... The amount of the checks totaled ... on the deposits.
Source: newspapers

Newspaper Articles (1)

1. December 17, 1932 The Times-Mail Bedford, IN

Article from The Times-Mail, December 17, 1932

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Article Text

BANK RECEIVER MAKES PAYMENT Depositors Of Defunct Oolitic State Bank Receive Checks From Albert Fields Announcement made today positors Bank December 15th by Albert Fields, the The amount of the checks totalten the deposits. on the about the hope of the bank receiver to later make another payment.