Bank of Hammond (Hammond, IN)

Episode Information

Episode UID
71008871585
Episode Type
Run → Suspension → Closure
Bank Type
private
Bank ID
7100887 routing
Routing Number
71-0088
Start Date
January 1, 1932*
Location
Hammond, Indiana (41.583, -87.500)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5e3165a189722b8c

Response Measures

None

Description

The bank suspended in January 1932 following heavy withdrawals and never reopened as the same entity, eventually being liquidated while a new bank (Calumet State Bank) took its place.

Events (4)
1. January 1, 1932* Run
Cause Details
Heavy withdrawals mentioned as the reason for closing in January 1932.
Newspaper Excerpt
State Bank Hammond, which closed January after heavy the tion to for business today
Source
newspapers
2. January 1, 1932* Suspension
Cause
Local Banks
Cause Details
Closed at the same time as the Hammond National Bank and Trust Company during a period of local bank failures.
Newspaper Excerpt
This bank was closed January same time that the Hammond National Bank and Trust company operations
Source
newspapers
3. January 23, 1932 Receivership
Newspaper Excerpt
The bank was turned back to its officers Saturday Thomas bank examiner, and Barr, state Theodore Moore, cashier, was named liquidating agent.
Source
newspapers
4. March 1, 1933* Other
Newspaper Excerpt
The newly organized Calumet State Bank Hammond will opened for business in the quarters formerly occupied by the suspended State Bank of Hammond Calumet avenue. ... Mr. Moor cashier the Bank Hammond. He liquidating agent for Directors of the bank Joseph William Eric Haehnel, HeckleLeo Harold Meyer and Charles Scott. The bank by the state the forepart month $25,000. According Mr. Meyer, will Hammond erated exclusively by Hammond terests business men.
Source
newspapers

Newspaper Articles (10)
1. January 25, 1932 Journal and Courier Lafayette, IN
Article from Journal and Courier, January 25, 1932

Click image to open full size in new tab

Article Text

BANK AT HAMMOND TO REOPEN DOORS HAMMOND, Ind. Jan. State Bank Hammond, which closed January after heavy the tion to for business today The bank was turned back to its officers Saturday Thomas bank examiner, and Barr, state Theodore Moore, cashier, was named liquidating agent. Barr said the bank was in such condition as to permit its reopen- The bank will be open for all today, the receiving and paying deposits, Anthon Tapper, president. The date for of be announced soon, Tapper said.

2. February 20, 1932 The Llano Colonist New Llano, LA
Article from The Llano Colonist, February 20, 1932

Click image to open full size in new tab

Article Text

A RECORD YEAR FOR BANK FAILURES Bank failures reached a record total of 2,302 in the United States in 1931, according to figures given by the American Banker. Net deposits of $1,580.000,000 were involved Bank failures and mergers led to a reduction in the number of banks in the country to 20,700 at the end of the year, with deposits of approximately $50,000,000,000. With the increasing number of bank failures, the point has been reached where quite a number of cities are completely without banks. In Hammond, Ind., where there used to be seven banks, for instance, every bank has been closed, the last two to fail being the National Bank of Hammond and the State Bank. Only one bank was open for business last month in nearby Gary. Iowa City also joined the growing list of bankless midwest cities on January 20, as two banks closed there. In Urbana, Ill., a five-day "emergency holiday" had to be ordered by the mayor to halt hysteria brought on by bank suspensions in Champaign and Urbana. Meanwhile American bankers are taking alarm at the increasing number of depositors who seek safety in the government postal savings department, despite its low rate of interest. A recent letter from the chairman of the New York State Bankers Association to member institutions calls on them to bring pressure on Congress to curtail government expenditures and points out that it is wrong in principle that the government should operate a banking business in competition with privately owned institutions.. Deposits of government savings banks have increased thruout the United States since 1929 from $167,800,000 to $596,660,000 on December 31, 1931. This represents a new record, according to post office officials, being $68,000,000 more than on November 30, and almost three times the amount on deposit in November, 1930.

3. January 30, 1933 The Times Hammond, IN
Article from The Times, January 30, 1933

Click image to open full size in new tab

Article Text

STATE BANK REPORTS ARE PREMATURE Liquidating Agent of Bank Silent On Plans for Institution Reports that the suspended State Bank of Hammond would opened characterized "premature" today Theodore Moor, former cashier of the tution, who now serving uidating nothing to at this time," Mr. Moor declared. When asked not he had made application to the state charter board for charter, Moor repeated that he had nothing present. will release an official nouncement definite transpires," Mr. Moor said. This bank closed January 1932, time that the Hammond National Bank company suspended Mr. Moor immediately appointed liquidating agent for Institution by He been that time addition to erating currency exchange in the banking quarters. Last summer applied to the Finance loan $200,000 which reopen the Lengthy negotiations followed. but nothing defimaterialized. reported that curity for loan than the bank able to furnish. Shortly after the institution was placed liquidation, state banking declared it in good shape and that the departwould in any plan to open the Anton Tapper was president of the State Bank until he affiliated the Hammond National Bank Trust company its president.

4. January 30, 1933 The Times Hammond, IN
Article from The Times, January 30, 1933

Click image to open full size in new tab

Article Text

STATE BANK REPORTS ARE PREMATURE Liquidating Agent of Bank Silent On Plans for Institution Reports that the suspended State Bank of Hammond would be reopened soon were characterized "premature" today by Theodore Moor, former cashier of institution, who now is serving as liquidating agent. have to this time," Mr. declared. When asked whether or not he had made application to the state charter board for charter, Mr. Moor repeated he nothing to at present. release an official announcement as soon as definite transpires," Mr. Moor said. This bank was closed January same time that the Hammond National Bank and Trust company operations, Mr. Moor appointed liquidating agent his institution by banking department. He has been liquidating assets since that time addition operating currency exchange in the banking quarters. Last summer he applied to the Finance for loan of $200,000 which to reopen Lengthy negobut definite reported that the curity the than the bank able furnish. Shortly after the institution placed in liquidation, the state banking in good shape and that the department would aid in plan to open the Anton Tapper president of the State Bank of Hammond until he became affiliated with the Hammond National Bank Trust company its president.

5. February 24, 1933 The Times Hammond, IN
Article from The Times, February 24, 1933

Click image to open full size in new tab

Article Text

MOOR NAMED DEFENDANT Theodore Moor, cashier of the suspended State Bank of Hammond action for $1,500 District receiver for defunct First National Bank of Gary Moor being sued for liability shares stock the institution $300 interest. Force, filed the action for Receiver

6. February 24, 1933 The Times Hammond, IN
Article from The Times, February 24, 1933

Click image to open full size in new tab

Article Text

NEW BANK WILL OPEN MARCH The newly organized Calumet State Bank Hammond will opened for business in the quarters formerly occupied by the suspended State Bank of Hammond Calumet avenue. Joseph Meyer, president of the Indiana Botanic Gardens, Hammond, head the banking institution president and the chairman of the board of directors. and Moor Mr. Moor cashier the Bank Hammond. He liquidating agent for Directors of the bank Joseph William Eric Haehnel, HeckleLeo Harold Meyer and Charles Scott. The bank by the state the forepart month $25,000. According Mr. Meyer, will Hammond erated exclusively by Hammond terests business men.

7. March 16, 1933 The Times Hammond, IN
Article from The Times, March 16, 1933

Click image to open full size in new tab

Article Text

Lake Banks Over Business OMINOUS Co. Received Happy WARNING KIDNAPED CHILD BACK UNHARMED CRACK PENNSY RESTORED ECONOMY FLYER IS PARTLY IGNORED CONFIDENCE BILL NEAR DERAILEDINGARY BY VICTIM REPORTED ITS FINAL Chair Car And Diner of "New Yorker" Leave the Double Fatality Results From Rails Near 4th Ave. PASSAGE South Shore Crash Last Dosits Exceed Withdrawals By Ratio of 2 to 5 to 1 Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday-the first day of their reopening following a nine-day moratorium. Deposits, ranging from two to four times withdrawals. and, in one more than ported by each In every instance, the bankers stated that confidence completely restored. W. Gasser, president of the Gary which the banking in Lake county. reflected the tenor of statements the NEARLY NIL could not for day. deposits approxi$400,000 comparison, were almost nil. Stomers were in an excellent frame mind. They dark attitude just before the moratorium was declared." An even more optimistic statement came from president and cashier of the Mercantile Bank of Hammond. never better spirit in my 20 years of banking experience than that which Mr. Elam said. "In my opinion, fear has been routed and confidence is restored. We look forward to the future optimism." Mr. Elam said deposits in his inatitution exceeded $50,000 yesterday. He anticipates continued excess of deposits Theodore Moor, of the Calumet State Bank of reported deposits exceeded withdrawals by five to certainly surprised by the markable response accorded bank yesterday by depositors and alike. It red letter day in the history of Hammond and (Continued on Page Two) Night Astrology's ominous prophecy to Blair Williams, 35. Chicago, an automobile mechanic, was borne out today as his body and that of a companion, Dorland S. McEvers, 34. lie in a Hammond morgue, victims of a grade crossing crash at Calumet avenue and the South Shore interurban tracks in Hammond last night. Both died while rushed to St. Margaret's hospital by police after light coupe were riding through the lowered and struck by The found 250 the the the than 500 feet by Motorman City, told that valve shut the of that unable of City, verified this PAPER that for of on which following warnof Taurus. Your good days for March 29. Your days are 21 Take no chances on the verse days. Favorable days good things the terday was March 15, the March." to Coroner result panion compression and is ing that of both the today. their bodies the chine." POLICE PUZZLED Police to how the happened in the which, it belonged to Charles H. Brown, of LaGrange, III. WII(Continued Page

8. March 16, 1933 The Times Hammond, IN
Article from The Times, March 16, 1933

Click image to open full size in new tab

Article Text

RESTORED CONFIDENCE REPORTED BY Deposits Exceed WithdrawBy Ratio of 2 to 5 to 1 Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday-the first day of their reopening following a nine-day moratorium. Deposits, ranging from four times in more than were reported by each institution. In every Instance, the bankers stated that confidence W. W. president the Gary State bank. which is largest banking institution in Lake county. reflected the general tenor of statements the remarks: NEARLY NIL could not for better day. Our deposits approximated $400,000 and our in almost nil. Customers an excellent of mind. cheerful contrasted their attitude just before the declared. An even more optimistic ment came from G. Elam, president and cashier of the Mercantile Bank of Hammond. seen better spirit in my 20 years of banking experience than that which prevailed yesterday in our Mr. said. "In my opinion, fear has been routed and confidence stored. We look forward to the future optimism." Mr. Elam said deposits in his He excess of Theodore cashier of the Calumet State Bank of reported deposits withdrawals by five tainly surprised by the markable accorded bank by depositors and customers alike. letter day in the history of Hammond and fairly that (Continued on Page

9. March 16, 1933 The Times Hammond, IN
Article from The Times, March 16, 1933

Click image to open full size in new tab

Article Text

Lake OMINOUS Co. Banks Over Business Received Happy WARNING KIDNAPED CHILD BACK UNHARMED CRACK PENNSY RESTORED ECONOMY FLYER IS PARTLY CONFIDENCE BILL NEAR DERAILEDINGARY BY VICTIM REPORTED ITS FINAL Deposits Exceed Withdrawals By Ratio of 2 to 5 to 1 Restored confidence in the soundness of Lake county's banking institutions was reported by executives this morning in recounting the business turn-over yesterday-the first day of their reopening following a nine-day moratorium. Deposits, ranging from to four times withdrawals, and, in one case, more than that. were reported by each institution. In every the bankers stated that restored. W. W. Gasser, president of the Gary State which now the largest in Lake reflected the tenor of statements the NEARLY NIL could not for better day. Our mated $400,000 our comparison, almost nil tomers were in an excellent of mind. They hopeful, contrasted their dark attitude just before the declared. An even more optimistic statement came from Elam, vice president cashier of the Merof better spirit in my years of experience than that which prevailed yesterday institution," Mr. Elam said. opinion, fear been routed and confidence stored. We forward to the future considerable optimism." Elam said deposits his $50,000 He continued excess of deposits withdrawals. Theodore Moor, cashier of the Calumet State Bank reported deposits drawals by to tainly surprised by the markable response accorded bank depositors and customers red letter day in the history of Hammond and indicates, fairly conclusively, that (Continued Page Double Fatality Results From South Shore Crash Last Night Astrology's ominous prophecy to Blair Williams, 35. Chicago, an automobile mechanic, was borne out today as his body and that of a companion, Dorland S. McEvers, 34, lie in Hammond morgue, victims of a grade crossing crash at Calumet avenue and the South Shore interurban tracks in Hammond last night. Both died being rushed police shortly after they were riding crashed through the lowered gates and struck westbound The bodies found about the point intersect those of the railroad. The totally demolished, carried along the 500 by the impact of the colliMotorman H. Ireland, of told authorities the safety shut the impact of the Conductor Michigan City, verified this ARNING PAPER queer twist fate first that police came across person when on which Sign of Taurus. Your March are 20, 29. adverse days for are and # Take no chances the days. Favorable days to start things Under date small in terday was March 15, the of according Coroner Andrew Hofmann, the result crushed skull, while panion succumbed compression is of not the their bodies being after viewing the demolished chine." POLICE PUZZLED to how the happened which, it belonged to H. of LaGrange, Continued Page

10. May 25, 1933 Vidette-Messenger of Porter County Valparaiso, IN
Article from Vidette-Messenger of Porter County, May 25, 1933

Click image to open full size in new tab

Article Text

Myen bank) receiver, of Hashmond disposing of its real estate, will the speaker Friday evening at o'clock the Chamber of ComThe Porter County Estate Board having Mr. Real and to the Trescott to Valparaiso, interested of the best considered the Calumet Disinformed men in the actual conditions trict on estate. will be "Cal Mr. Trescott's topic District Coming Back," umet will us of though Valthe World's Fair Calumet Disand the entire paraiso trict. Since he has had such direct Bank of Hamtouch Myen failure, in helping mond since its real holdings, dispose of its with authto speak Mr. Schlethe district. throughout the local Board man, president welcome any extends hearty attend citizens meeting.