Mooresville State Bank (Mooresville, IN)

Episode Information

Episode UID
71052271573
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7105227 routing
Routing Number
71-0522
Start Date
January 11, 1931
Location
Mooresville, Indiana (39.613, -86.374)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9599f66d382201e4

Response Measures

None

Description

No mention of depositor runs; bank closed and a receiver was appointed after a state investigation.

Events (2)
1. January 11, 1931 Receivership
Newspaper Excerpt
Amos Gillaspy ... has been appointed receiver for the Mooresville State bank by Judge C. Vernon after hearing in Circuit court.
Source
newspapers
2. January 11, 1931 Suspension
Cause
Government Action
Cause Details
Petition filed by the attorney general after investigation by the State Banking Commissioner following the bank's closing.
Newspaper Excerpt
petition ... filed by the attorney general's office after an investigation was made by State Banking Commissioner Luther F. Symons following the closing of the bank.
Source
newspapers

Newspaper Articles (2)
1. January 12, 1931 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, January 12, 1931

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Article Text

MOORESVILLE BANK RECEIVER IS NAMED [Special to The Indianapolis Star.) MARTINSVILLE Ind., Jan. 11.Amos Gillaspy of Clay township has been appointed receiver for the Mooresville State bank by Judge C. Vernon after hearing in Circuit court for receiver was filed by the actorney general's office after an investigation was made by State Banking Commissioner Luther F. Symons following the closing of the bank. No allegation was made in the petition Mr. Gillaspy's bond was fixed at $30,000. He will take charge after his bond is approved. and will attempt to liquidate assets is under way at new bank owned and operated by Moores. ville citizens. Mr. state banking eral Edmund B. Walker were here for the hearing.

2. January 12, 1931 The Tribune Seymour, IN
Article from The Tribune, January 12, 1931

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Article Text

MOORESVILLE BANK RECEIVER IS NAMED Amos Gillaspy of Clay township has been appointed receiver for the Mooresville State bank by Judge C. G. Vernon after hearing in Circuit court. The petition for a receiver was filed by the attorney general's office after an investigation was made by State Banking Commissioner Luther F. -Symons following the closing of the bank. No allega tion of insolvency was made the petition for a receiver. Mr. Gillaspy's bond was fixed at $30,000. He will take charge after his bond is approved, and will attempt to liquidate the bank's assets. A movement is under way at Mooresville to organise? a new bank to be owned and operated by Mooresville citizens. At Barling, Essex, England the diamond wedding of Joseph Mowling and wife, the eightysecond birthday anniversary of Mowling and the first anniversary of a grandehild's wedding were all celebrated on the same day. The hge of the petrified trees in the petriled forest of Arizona is estimated at about 200,000, 000 years.