Toth State Bank - South Bend, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 23, 1930
Location: South Bend, Indiana (41.683, -86.250)

Metadata

Model: gpt-5-mini
Short Digest: b79695fb

Response Measures

None

Description

Article (South Bend Tribune, 1932-07-27) describes the Toth State Bank as closed and in liquidation with a receiver distributing dividends. Closure date given as Feb. 23, 1930. No mention of a depositor run preceding the suspension; receiver already in place and bank in liquidation, so classified as suspension leading to permanent closure/receivership.

Events (2)

1. February 23, 1930 Receivership

Newspaper Excerpt: Citizens' Trust Savings bank, receiver for the Toth institutions ... liquidation Feb. 23, 1930. The present receiver ... to distribute cash to about 2,000 depositors of the closed Toth State bank Aug. ... was announced today by the Citizens' Trust Savings bank, receiver for the Toth institutions.
Source: newspapers

2. February 23, 1930 Suspension

Cause: Government Action
Cause Details: Bank was placed in liquidation and a receiver was appointed on Feb. 23, 1930.
Newspaper Excerpt: the Toth State liquidation Feb. 23, 1930.
Source: newspapers

Newspaper Articles (1)

1. July 27, 1932 The South Bend Tribune South Bend, IN

Article from The South Bend Tribune, July 27, 1932

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Article Text

IS PAID $18,000 CLOSED BANK Toth State Receiver to Distribute Cash to 2,000 Depositors. Approximately $18,000 in cash will distributed to about 2,000 positors of the closed Toth State bank Aug. was announced today by the Citizens' Trust Savings bank, receiver for the Toth institutions. amount represents five perof the deposits when the Toth State liquidation Feb. 23, 1930. 10 per was 1930. The June 1931, the present receiver The the first paid since charge bank's affairs. Other vidends will paid fast as the bank's assets can be liquidated. Because the location Toth State bank at Kemble and Indiana avenues, being convenient to the depositors of that bank than any other location the receiver announced that dividend checks will be delivered to depositors, who for them that location from Aug. Aug. between the be that the depresent his savings book, pass book, certificate of deposit other evidence, that the of the dividend can be endorsed in the pass book, on certificate of deposit, it was announced.