First National Bank - Richmond, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 17
Charter Number: 2680
Start Date: *
Location: Richmond, Indiana (39.829, -84.890)

Metadata

Model: gpt-5-mini
Short Digest: 80a2b501

Response Measures

None

Description

Article states the 'closed First National bank here' and describes federal indictments of the former president for violating national bank laws. No mention of a depositor run; closure appears tied to enforcement/legal action. Classified as suspension leading to permanent closure (suspension_closure).

Events (3)

1. June 30, 1863 Chartered

Source: historical_nic

2. May 5, 1882 Chartered

Source: historical_nic

3. * Suspension

Cause: Government Action
Cause Details: Bank is closed and federal grand jury indicted the former president and others for violating national banking laws, indicating enforcement action related to the closure.
Newspaper Excerpt: the closed First National bank here, were indicted today by federal grand jury
Source: newspapers

Newspaper Articles (1)

1. January 1, 1928 The Richmond Item Richmond, IN

Article from The Richmond Item, January 1, 1928

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Article Text

Arranging Bonds Clyde Walb, chairman of the Republican state committee, and Valentine Weaver, former president the closed First National bank here, were indicted today by federal grand jury were making tonight to furnish their bonds of each. Both men under indictment for violating the national banklaws. Both men refused tonight to statement other that they hoped arrangements tonight for their bonds which be taken sent to Fort expecttried in federal court at Fort Wayne.