First State Bank - Huntington, IN

Episode Information

Episode UID: 71018971610
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7101897 routing
Routing Number: 71-0189
Start Date: February 27, 1934
Location: Huntington, Indiana (40.883, -85.497)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e55e698b1466ae8b

Response Measures

None

Description

Article describes state banking department directing liquidation and plans for a new bank; single short article leaves some ambiguity about formal receivership status.

Events (1)

1. February 27, 1934 Suspension

Cause: Government Action
Cause Details: State banking department directing liquidation of First State Bank and managing restricted deposits; plan to organize replacement bank
Newspaper Excerpt: Plans for organization of new bank here and $25,000 surplus, liquidation the First State Bank ... McConaugh of Frank-special representative state banking department, who will direct
Source: newspapers

Newspaper Articles (1)

1. February 27, 1934 The Indianapolis Star Indianapolis, IN

Article from The Indianapolis Star, February 27, 1934

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Article Text

Proposal for New Bank Outlined at [Special to The Indianapolis Star.] HUNTINGTON, Ind., Feb. Plans for organization of new bank here and $25,000 surplus, liquidation the First State Bank, institution open the were late today McConaugh of Frankspecial representative state banking department, who will direct Deposits the new bank would be insured The plan would release 50 per restricted deposits the First kept from month month Class state department. Liquidations the First State Bank would entail 100 per cent assessment of stockholders.