Paoli State Bank - Paoli, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 24, 1932
Location: Paoli, Indiana (38.556, -86.468)

Metadata

Model: gpt-5-mini
Short Digest: c66bcacb

Response Measures

None

Description

Article (dated 1932-02-24) reports the Paoli State Bank was in the process of liquidation. No run or depositor disturbances are described. I interpret this as a suspension leading to permanent closure/liquidation.

Events (1)

1. February 24, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Article states the bank was in the process of liquidation, indicating voluntary winding up/closure.
Newspaper Excerpt: they neglected to notice was process of liquidation.
Source: newspapers

Newspaper Articles (1)

1. February 24, 1932 The Great Falls Leader Great Falls, MT

Article from The Great Falls Leader, February 24, 1932

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Article Text

ALL WORK, FOR SOME BANDITS CHICAGO, Feb. all work and not much If any pay for the bandits. robbers thieves in the midwest these days. Down at Paoli, Ind. yesterday two unmasked bandits apparently spent the day mapping plans to rob the Paoli State bank, neglecting to notice was process of liquidation. They got day before thief spent hours breaking weighing machine at gansport Ind find marked weight free, and there wasn't Here recently safe blowers gone the trouble of wrecking unlocked safes and getting even when they had signs on them saying they weren't locked.