6365. North Side State Bank (Vincennes, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1926*
Location
Vincennes, Indiana (38.677, -87.529)

Metadata

Model
gpt-5-mini
Short Digest
f177e428

Response Measures

None

Description

Articles show the North Side State Bank was in receivership (receiver J. B. E. LaPlante) and its property was being sold to the school city; no article describes a depositor run. This indicates the bank suspended/failed and was placed in receivership and its assets disposed — classified as a suspension leading to closure (suspension_closure). Dates are taken from the newspaper items (receiver and sale mentioned in Jan 1926 and referenced again Sep 1926).

Events (4)
1. January 1, 1926* Suspension
Cause
Government Action
Cause Details
Bank was in receivership (receiver J. B. E. LaPlante) indicating official suspension/closure by regulatory/receivership action
Newspaper Excerpt
purchase of the Northside State bank property ... purchased from J. B. E. LaPlante, the bank receiver
Source
newspapers
2. January 26, 1926 Other
Newspaper Excerpt
bond issue of $10,000 ... providing for the chase of the Northside State bank property at Second and Sycamore streets. The property is to be purchased from J. B. E. LaPlante, the bank receiver, for $9,000 ... building can be remodeled at a cost not to exceed $1,000
Source
newspapers
3. January 26, 1926 Receivership
Newspaper Excerpt
purchased from J. B. E. LaPlante, the bank receiver, for $9,000, free of all incumbrances. ... The building is being used at present on a rental basis.
Source
newspapers
4. September 13, 1926 Other
Newspaper Excerpt
Receiver J. B. E. Laplante having reported coming into possession of eleven shares of the stock of the Bloomfield Brick company ... the request was granted.
Source
newspapers

Newspaper Articles (2)
1. January 26, 1926 The Vincennes Sun-Commercial Vincennes, IN
Article from The Vincennes Sun-Commercial, January 26, 1926

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Article Text

APPROVES ISSUE FOR BRANCH $10.000 proved Monday a bond issue of $10,000 of the school city of Vincennes, providing for the chase of the Northside State bank property at Second and Sycamore streets. The property is to b: purchased from J. B. E. LaPlante, the bank receiver, for $9,000, free of all incumbrances. It is stated that the building can be remodeled at a cost not to exceed $1,000. The school city plans to purchase the property for use as a branch library, for the use of the people of the north end of the city. The school city has a branch library in the building at present which is well patronized. They building is being used at present on a rental basis.

2. September 13, 1926 The Vincennes Sun-Commercial Vincennes, IN
Article from The Vincennes Sun-Commercial, September 13, 1926

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Article Text

IN CIRCUIT COURT TO FACE CHARGE Howard Vandermark, who being prosecuted for an alleged use of bootleg gasoline on which it is alleged the three cent tax has not been paid, appeared in circuit court Monday by his attorneys, Clark, Ramsey and Grayson, waived arraignment, and was given until next Monday to enter his pleading. Vandermark, it is understood, will carry the case to the Indiana supreme court. if found guilty. Howard McManus Saturday: in circuit court withdrew his plea 01 not guilty to vehicle taking and pleaded guilty. He was sentenced to serve three to five years in the state reformatory. Charles Mominee, Saturday, pleaded guilty to, charge of passing a bad check and was sentenced to two to fourteen years in the state reformatory. Later the sentence was suspended pending good behavior, the defendant having served to date a total of six months in jail. Ruth Purtle versus Roscoe Purtle, divorce, dismissed. George L. Ryan versus William Gilmore, replevin. Court found nothing was due the plaintiff and that the defendant recover for the costs of the Opal Scott versus Hover Scott, divorce, cause dismissed. Sinclair Oil company versus Leon Jones, account and attachment, cause dismissed. Joseph L. Byers and others, versus Leon Jones, account and attachment, cause dismissed. Elaine Marchel versus Rebe Marchel, divorce, default entered against the defendant. Robert L. Evans versus William Harrison and others, note, cause dismissed. Hester Blann versus John Blann, divorce, restraining order issued't prevent the defendant from molesting his wife. Alta Bruner versus Joseph Bruner, divorce, default entered against the defendant. Eben H. Wolcott versus North Side bank. Receiver J. B. E. Laplante having reported coming into possession of eleven shares of the stock of the Bloomfield Brick compainy of the per value of $100 same ata $1100, at private sale. The request was granted. Albert Ashby, charged with reckless driving and manslaughter, asks release from custody on the grounds that three terms have passed without his case being called for trial. Harold Carter, charged with se duction, cause dismissed. Ed Warren, remanded to jail in default of a bond for $2000.