State Bank - Uniondale, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 1, 1932*
Location: Uniondale, Indiana (40.831, -85.242)

Metadata

Model: gpt-5-mini
Short Digest: 604a4dbc

Response Measures

None

Description

Article reports two defunct Uniondale banks and that separate receivers were appointed about a year earlier; decree signed by Judge Decker (dated June 28, 1933) affirms separation of assets/liabilities. No run is described; the bank is defunct and in receivership, consistent with suspension leading to permanent closure. I inferred the receivership appointment was ~June 1932 from the phrase about year ago relative to the June 28, 1933 publication date.

Events (2)

1. June 1, 1932* Receivership

Newspaper Excerpt: Separate receivers were appointed about year ago and they filed report on the separation of assets and liabilities last November 15, and the decree of Judge Decker virtually affirms the joint report of the two receivers filed at that time.
Source: newspapers

2. June 28, 1933 Other

Newspaper Excerpt: Judge John Decker has signed decree for the separation of the assets and liabilities of the two defunct Uniondale banks.
Source: newspapers

Newspaper Articles (1)

1. June 29, 1933 The Star Press Muncie, IN

Article from The Star Press, June 29, 1933

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Article Text

RENAME CRAVEN TO SCHOOL POST Bluffton Board President Is Re-Elected. Bluffton. Ind., June 28.-C. Craven was reappointed a member of the city school board by the city council at the meeting Tuesday night. term of three years. He is concluding his eighth year as member of the board and is president of the board. He was first named in 1925 to fill two years of the unexpired term W. Rogers. resigned. and three reappointments will bring his total service to eleven years at the conclusion of his new term. Other members of the board are Howard Ullman and W. Kunkel Jr. Craven was the only candidate whose name placed in The council also authorized the of sanitary to serve for a period of at least two on salary of $60 per month It will be his duty to inspect premises and to order cleanups where needed and to order nuisances abated. Decree Separates Defunct Banks. Judge John Decker has signed decree for the separation of the assets and liabilities of the two defunct Uniondale banks. the State Bank of Uniondale, the first bank that did business there, and the Bank of Uniondale, organized following the failure of the first bank and taking over the assets and liabilities of the first bank. Separate receivers were appointed about year ago and they filed report on the separation of assets and liabilities last November 15, and the decree of Judge Decker virtually affirms the joint report of the two receivers filed at that time One of the interesting items finds that the State Bank of Uniondale owes the Bank of Uniondale $15,000, the second bank having paid out for the old bank $75,000 and having collected on assets of the old bank only about $60,000. In the report of the there was some doubt about the bank building property and farm of eighty acres. It was found that the bank building the property of the first bank, State Bank of Uniondale and the farm belongs to the Bank of Uniondale. Mrs. Ola Dyar Succumbs. Mrs. Ola May Dyar. 50. wife of Dr. W. Dyar. prominent Ossian physician, died at o'clock this morning at the Lutheran Hospital, Fort Wayne. She had been in poor health number of years and underwent an operation Monday. Death was attributed to coronary thrombosis Surviving are the husband and one son, Dr. E. W. Dyar. Jr., of Indian- apolis; her mother, residing in Illinois; three brothers, Dr. G. Hardin. of Flat Rock, Ill.; R. C. Hardin, of Robinson, Ill.; George Hardin, of Sullivan, and sister. Mrs. Fannie Jones, of Hardinville, Ill. Mrs. Dyar was member of the Ossian Presbyterian Church and of the Eastern Star and Pythian Sisters lodges. Funeral will be held 'clock Friday afternoon at the Ossian Presbyterian Church and burial will be in the Oaklawn Cemetery. Ossian. Hurt in Auto Accident. James Haggard. of Monroe, was taken the county hospital here for treatment for severe lacerations about his face, received last night when the machine of his neighbor, Everett Rice, with whom he was riding, collided with machine driven by Miss Mary Kipfer, east of this city, point on state road 124, near Fairview cemetery. Both machines were damaged considerably, but Rice and Miss Kipfer and her sister, Miss Diana Kipfer, riding with her. escaped injury The accident occurred when Miss Kipfer swerved her machine to miss parked auto along side the highway. Trustee Ira Baker, Harrison Township, has turned over to Prosecuting Attorney George Glass, the names two men residing here, for preparation of affidavits charging them with having procured township aid by fraud. The trustee states that he has knowledge that the two men have been working and drawing wages and at the same time coming to him for fuil allowance from relief funds.