6202. Citizens State Bank (Plainfield, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 23, 1928
Location
Plainfield, Indiana (39.701, -86.373)

Metadata

Model
gpt-5-mini
Short Digest
b9abfc4d

Response Measures

None

Description

Articles (both duplicates) report that Horace Hanna was named receiver for the Citizens State Bank of Plainfield and describe the bank as defunct; no run or depositor agitation is mentioned. Receiver appointed by court/State Banking Commission; First National offered to buy assets to pay depositors.

Events (1)
1. April 23, 1928 Suspension
Cause
Government Action
Cause Details
Receiver (Horace Hanna) appointed by Judge Dugan and announced by State Banking Commission; bank described as defunct and placed in receivership.
Newspaper Excerpt
Announcement was made today by the State banking commission that Horace Hanna, Plainfield attorney, had been named receiver of the Citizens State Bank of Plainfield by Judge Dugan of the Hendricks Circuit Court. Offer has been made by the First National bank of Plainfield to purchase part of the assets of the defunct bank and so aid it to pay off the depositors.
Source
newspapers

Newspaper Articles (2)
1. April 23, 1928 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, April 23, 1928

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Article Text

BANK RECEIVER NAMED Horace Hanna to Take Charge of Plainfield Institution. Announcement was made today by the State banking commission that Horace Hanna, Plainfield attorney, had been named receiver of the Citizens State Bank of Plainfield by Judge Dugan of the Hendricks Circuit Court. Offer has been made by the First National bank of Plainfield to purchase part of the assets of the defunct bank and so aid it to pay off the depositors.

2. April 23, 1928 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, April 23, 1928

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Article Text

BANK RECEIVER NAMED Horace Hanna to Take Charge of Plainfield Institution. Announcement was made today by the State banking that Horace Hanna, Plainfield attorney, had been named receiver of the Citizens State Bank of by Judge Dugan of the Hendricks CirCourt. Offer has been made by the First National bank of Plainfield purchase part of the assets of the defunct bank and so aid to pay off the depositors.