6395. Central State Bank (West Lebanon, IN)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
May 12, 1893
Location
West Lebanon, Indiana (40.270, -87.387)

Metadata

Model
gpt-5-mini
Short Digest
25a8ab35

Response Measures

Full suspension

Other: Articles indicate the Central Bank (Central State Bank) of West Lebanon was listed among banks that 'closed' following the failure of Columbia National of Chicago; separate reports said it was 'running' but would probably have to close temporarily.

Description

Newspapers report a run (May 12) on the Central (called Central bank of West Lebanon) triggered by the failure of the Columbia National of Chicago and list the Central among banks that closed after that failure (dispatch dated May 13). No later article confirms reopening or permanent failure, so suspension status is confirmed but final outcome is unclear. OCR corrected minor capitalization and reconciled Central bank with provided name Central State Bank.

Events (2)
1. May 12, 1893 Run
Cause
Correspondent
Cause Details
Run triggered by failure of Columbia National Bank of Chicago and connection of its president Zimri Dwiggins (stockholder) with the Central.
Newspaper Excerpt
The central bank of West Lebanon was running today, but will probably have to close, at least temporarily on account of the failure of the Columbia national bank of Chicago.
Source
newspapers
2. May 13, 1893 Suspension
Cause
Correspondent
Cause Details
Suspension listed as due to connection with Dwiggins, Starbuck & Co. and the failure of the Columbia National of Chicago.
Newspaper Excerpt
Dispatches received here announce the suspension of the following banks ... Central bank, West Lebanon, Ind.
Source
newspapers

Newspaper Articles (3)
1. May 18, 1893 Grant County Herald Lancaster, WI
Article from Grant County Herald, May 18, 1893

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Article Text

MANY BANKS CLOSE. Result of the Failure of the Columbia National of Chicago. CHICAGO, May 13.-Dispatches received here announce the suspension of the following banks, all of them due to their connection with Dwiggins, Starbuck & Co., of the Columbia national bank of this city, which closed its doors on Thursday: Bank of Dunkirk, Portland, Ind., liabilities estimated at from $75,000 to $100,000; Commer rial state bank of Russiaville, Ind., deposits, 560,000; Farmers' bank, Greentown, Ind.: priwater banking firm of Dwiggins, Starbuck & Co., at Williamsburg, O.; Ottawa bank, Elmore. O: Commercial bank of Morristown, Ind: Citizens' national bank, Boswell. Ind.: Commercial bank of Brookston, Ind.; Commercial bank at Walkerton, Ind.: Farmers' and Merchante bank of Genewa. Ind : Bank of Greenwood, Ind.; Bank of Orleans, Orleans, Ind.: Citizens bank, Hebron, Ind.: Farmers' and Merchants' bank, Casey, Ill.: Citizens' bank of Edwardsburg, Mich Bank of Lawton, Mich.: Bank of Oregon. Wis: Union bank, Richland, Mich: Spiceland bank, Spiceland, Ind : Citi zens' state bank, Knox, Ind: Central bank, West Lebanon, Ind.; banks at Oxford, Ind, and Arcadia. Ind.

2. May 18, 1893 Oxford Eagle Oxford, MS
Article from Oxford Eagle, May 18, 1893

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Article Text

Will Probably Have to Close. Artica, Ind. May 12-The central bank of West Lebanon was running today. but will probably have to close, at least temporarily on account of the failure of the Columbia national bank of Chicago. Zimri Dwiggins, president of the latter, is a stockholder in the Central. though it is said his stock is represented by a note. Most of the Central's stock is held by local people, who are amply able to pay all demanda made upon the bank. The general impression is that, though the Central will be temporarily disabled, it will continue in business

3. May 19, 1893 The Jasper Weekly Courier Jasper, IN
Article from The Jasper Weekly Courier, May 19, 1893

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Article Text

WIII Probably Have to Close. ATTICA. Ind.. May 12.-The central bank of West Lebanon was running to day, but will probably have to close. at least temporarily on account of the failure of the Columbia national bank of Chicago. Zimri Dwiggins, president of the latter. is a stockholder in the Central. though it is said his stock is represented by a note. Most of the Central's stock is held by local people. who are amply able to pay all demands made upon the bank. The general impression is that. though the Central will be temporarily disabled. it will continue in business.