Bank of Spiceland - Spiceland, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1893*
Location: Spiceland, Indiana (39.838, -85.439)

Metadata

Model: gpt-5-mini
Short Digest: c75ee658

Response Measures

None

Description

The article reports the Bank of Spiceland suspended in 1893, a receiver (Edwin Hall) was appointed and paid depositors in full, indicating permanent closure. In 1895 the building and outfit were sold to form a new bank under new ownership — not a reopening of the original institution. OCR appears correct.

Events (3)

1. January 1, 1893* Receivership

Newspaper Excerpt: Edwin Hall was appointed receiver, and paid the depositors in full over a year ago.
Source: newspapers

2. January 1, 1893* Suspension

Cause: Correspondent
Cause Details: Forced to suspend in 1893 when its correspondent banks in Indianapolis, Chicago and New York suspended operations.
Newspaper Excerpt: The bank was forced to suspend in 1893, because its correspondents at Indianapolis, Chicago and New York suspended about the same time.
Source: newspapers

3. August 2, 1895 Other

Newspaper Excerpt: The building and outfit of the Bank of Spiceland was yesterday sold to Murray Wildman, who heads a company of men who expect to have a bank in operation here before the close of the month.
Source: newspapers

Newspaper Articles (1)

1. August 3, 1895 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, August 3, 1895

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Article Text

New Bank for Spiceland. Special to the Indianapolis Journal. SPICELAND, Ind., Aug. 2.-The building and outfit of the Bank of Spiceland was yesterday sold to Murray Wildman, who heads a company of men who expect to have a bank in operation here before the close of the month. The capital will be mostly local, and the bank will evidently have strong backing. It is not yet decided whether the bank will be a private one or be organized under the laws of the State. The bank was forced to suspend in 1893, because its correspondents at Indianapolis, Chicago and New York suspended about the same time. Edwin Hall was appointed receiver, and paid the depositors in full over a year ago.