6296. Farmers State Bank (South Whitley, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 28, 1932
Location
South Whitley, Indiana (41.085, -85.628)

Metadata

Model
gpt-5-mini
Short Digest
e30adfa8

Response Measures

None

Description

Articles (July 28, 1932) state the Farmers' State Bank at South Whitley had already closed and a liquidating agent (former cashier Frank E. Fox) was handling affairs. No mention of a run; instead the bank is in liquidation, implying a suspension that became permanent/closure. Exact closure date not given in these snippets.

Events (2)

1. July 28, 1932 Receivership
Newspaper Excerpt
former cashier of the Farmers' State bank at South Whitley and liquidating agent since the bank closed, ended his life today by shooting; the body was found in rear room of bank by his son, Harold.
Source
newspapers
2. * Suspension
Cause Details
Article only states the bank had closed and was in liquidation; no cause for the suspension is given.
Newspaper Excerpt
former cashier of the Farmers' State bank at South Whitley and liquidating agent since the bank closed
Source
newspapers

Newspaper Articles (2)

Article from Journal and Courier, July 28, 1932

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Article Text

Ends Life COLUMBIA July 28. the Farmers' State bank South Whitley and liquidating agent since the bank closed, life today by shooting. The body found rear room of bank his attributed of his here February.


Article from Palladium-Item, July 28, 1932

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Article Text

$134,000,000 Worth Of Securities Carried Over Indiana Roads INDIANAPOLIS. July 28 Now that it's all over with officials of the state banking department announced today that during the last two weeks $20,000,000 worth of negotiable securities and $114,000,000 worth of non-negotiable securities have been carted about the streets and highways between Indianapolis and Fort The transfer of the securities was made in an armored car with only on guard and as much $600,000 in securities was transported at one time. A law passed by the last legislature required that securities deposited with the state commission be insured Insurance companies declined to insure the securities if more than $4,000,000 was held in any one depository It was then necessary spread the securities among various depositories and banks at Indianapolis and Fort Wayne were selected. John C. Kidd. state insurance commission. and his deputy John Cra mer, supervised the transfer. ENDS OWN LIFE COLUMBIA CITY, Ind., July 28 Frank E. Fox, 60 years old, former cashier of the Farmers' State bank at South Whitley and liquidating agent since the bank closed, ended his today by shooting The was found in rear room of bank by his son, Harold. A note tributed the act to grief over death of his wife last February