Indiana Lawrence Bank & Trust Company

Episode Information

Episode UID: 71043971586
Episode Type: Run → Suspension → Reopening
Bank Type: state
Bank ID: 7104397 routing
Routing Number: 71-0439
Start Date: February 1, 1932*
Location: North Manchester, Indiana (41.001, -85.769)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 505ab2760bbb665e

Response Measures

None

Events (2)

1. February 1, 1932* Run

Cause Details: A threatened run on the bank prompted actions; article does not specify a rumor or particular trigger
Measures: Depositors were asked to sign protective agreements promising not to demand full payment
Newspaper Excerpt: Owing to threatened run on the bank at that time the institution closed for a few days
Source: newspapers

2. February 1, 1932* Suspension

Cause Details: Bank closed for a few days to stem threatened run and secure protective agreements from depositors
Newspaper Excerpt: Owing to threatened run on the bank at that time the institution closed for a few days in order to have depositors sign protective agreements
Source: newspapers

Newspaper Articles (1)

1. February 12, 1933 Leader-Tribune Marion, IN

Article from Leader-Tribune, February 12, 1933

Click image to open full size in new tab

Article Text

ANSWER IS FILED IN DEPOSIT CASE Wabash, Ind., Feb. 11.-An answer was filed today in the suit of Harley E. Fawcett against the Indiana Lawrence/Bank and Trust Co., of North Manchester, in which Fawcett is seeking to collect money he has in the bank on a certificate of deposit. In the answer it is set out that prior to February 2, last year, Faw. cett had approximately $3,000 on deposit in the bank. Owing to threatened run on the bank at that time the institution closed for a few days in order to have depositors sign "protective agreements" by which they promised not to demand full payment on funds they had in the bank and thus permit the bank to continue operation. Fawcett signed such an agreement, but is now demanding his money. The bank sets out that it has of fered to advance him $700 on his deposit, but that to pay him the full amount he had on deposit and not pay others would be unjust. -

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

Flag Article for Review

Flag Episode for Review