6408. Farmers & Merchants Bank (Winchester, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 6, 1930
Location
Winchester, Indiana (40.172, -84.981)

Metadata

Model
gpt-5-mini
Short Digest
949fd0e1

Response Measures

Full suspension, Books examined

Other: State banking commissioner went to confer with directors; attempt to reorganize mentioned.

Description

Multiple articles (Dec 8, 1930) report a run on the Farmers & Merchants Bank that exhausted its cash (run dated Saturday, Dec 6, 1930) and the bank failed to open on Dec 8, 1930. Reports mention attempts to reorganize but no explicit reopening or receiver assignment is reported in these items, so classified as run -> suspension -> closure (permanent closure implied). Bank charter type not specified in text.

Events (3)
1. December 6, 1930 Run
Cause Details
Heavy withdrawals (run) on Saturday exhausted the bank's ready cash; no specific trigger or rumor described in articles.
Newspaper Excerpt
Following a run on the bank Saturday which exhausted its cash.
Source
newspapers
2. December 8, 1930 Other
Newspaper Excerpt
It was reported that an attempt is being made to reorganize the bank. The closed bank was one of the oldest banking institutions in Eastern Indiana having been in business for more than half a century.
Source
newspapers
3. December 8, 1930 Suspension
Cause Details
Bank failed to reopen on Dec 8 after Saturday run exhausted cash; state banking official conferred with directors; attempt at reorganization reported.
Newspaper Excerpt
failed to open its doors today following a run on the bank Saturday which exhausted its cash.
Source
newspapers

Newspaper Articles (4)
1. December 8, 1930 The Daily Reporter Greenfield, IN
Article from The Daily Reporter, December 8, 1930

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Article Text

WINCHESTER BANK CLOSED WINCHESTER, Ind., Dec. 8 (INS) The Farmers and Merchants Bank. a $700,000 institution here, failed to open its doors today following a run on the bank Saturday which exhausted its cash. Thomas Barr, assistant State banking commissioner. was here today conferring with the directors of the bank. It was reported that an attempt is being made to reorganize he bank. The closed bank was one of the oldest banking institutions in Eastern Indiana having been in business for more than half a century. Philip Kabel is president and D. M. Simmons is the cashier.

2. December 8, 1930 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, December 8, 1930

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Article Text

THE INDIANAPOLIS TIMES BANK AT WINCHESTER ILLNESS FA FAILS TO OPEN DOORS Run Exhausts Cash; State Official TO CONTRA Goes to Confer With Heads. Because of a run Saturday, which exhausted its ready cash, the Rites for J. E. M Farmers and Merchants bank of Winchester, Ind., failed to reopen to Be Held Tu its doors today, the state bankLast rites will be hel ing department announced. the home and at 9 Tu Thomas D. Barr, deputy state Joan of Arc church for banking commissioner, has gone to McNamara, 65, Indian tractor and business ma Winchester to confer with officials of the bank. Saturday at his home avenue, after an illne Its capitalization was given as $50,000; loans, $525,000; deposits, months. Burial will b $705,000, and surplus and undivided Cross cemetery. President of the McN profits, $40,000, the banking department announced. struction Company, whi Philip Kabel is president and D. a large amount of pavir M. Simmons cashier of the closed Indiana, Mr. McNaram institution. head of the McNamara

3. December 8, 1930 JG-TC: Journal Gazette and Times-Courier Mattoon, IL
Article from JG-TC: Journal Gazette and Times-Courier, December 8, 1930

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Article Text

ONE OF INDIANA'S OLDEST BANKS ORDERED CLOSED Winchester, Farmers and Merchants Bank, institution here, failed to open doors today, following run on the which closed bank was of the banking institutions in eastern diana, having been in business half century.

4. December 11, 1930 Greenfield Republican Greenfield, IN
Article from Greenfield Republican, December 11, 1930

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Article Text

WINCHESTER Ind., Dec. Farmers and Merchants Bank, $700,000 institution here, failed open doors today following on the bank which its cash Thomas Barr, assistant State banking was here today with the directors of the bank. was reported that an attempt is being made to organize he bank. The closed bank was one of the oldest in EastIndiana been business more than half century. Philip Kabel is president and Simmons the cashier.