Farmers State Bank - Portland, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 30, 1927
Location: Portland, Indiana (40.434, -84.978)

Metadata

Model: gpt-5-mini
Short Digest: d493cdc9

Response Measures

None

Description

Article (Muncie Evening Press, 1927-12-30) refers to a receiver being appointed for the Bank of Redkey, indicating the bank was in receivership/closed. No mention of a depositor run in the provided text, so classified as a suspension leading to closure/receivership.

Events (1)

1. December 30, 1927 Receivership

Newspaper Excerpt: Wilfred Stratton, the Union Sate Bank, receiver of the Bank of Redkey, Wellington Doddridge, Henry W. Lonknecker, Ward Bell, Powell, Wolfe and John W. Holmes, receiver of the Farmers State Bank of Portland.
Source: newspapers

Newspaper Articles (1)

1. December 30, 1927 Muncie Evening Press Muncie, IN

Article from Muncie Evening Press, December 30, 1927

Click image to open full size in new tab

Article Text

JUDGMENT OF $7,000 GRANTED BY COURT Ind., Dec. ment of $7,762.32 has been awarded the Aetna Life Insurance Company against Lucinda Stratton. Wilfred Stratton, the Union Sate Bank, receiver of the Bank of Redkey, Wellington Doddridge, Henry W. Lonknecker, Ward Bell, Powell, Wolfe and John W. Holmes, receiver of the Farmers State Bank of Portland. The judgment was awarded the insurance company by Judge R. Wheat Circuit Court on its notes, mortgag and receivership suit. Frank of this city, was named as receiver of the real estate in Jay County involved in the suit possession of the and he was given and placed under $1,000 property bond. English is spoken by about 000,000 people.