State Bank (Oxford, IN)

Episode Information

Episode Type
Suspension → Closure
Start Date
January 1, 1933*
Location
Oxford, Indiana (40.520, -87.248)
Bank Type
state
Routing Number
71-0595

Metadata

Episode ID
Bank ID
City ID
180440817
Model
gpt-5-mini
Short Digest

Notes

Article lists Oxford State Bank among institutions that have suspended and for which sinking-fund claims were paid; exact suspension date and whether permanent closure/receivership occurred not explicitly given.

Events (1)
1. January 1, 1933* Suspension
Cause Details
Article only states the bank has suspended operations since January 1; no specific trigger given.
Newspaper Excerpt
The Oxford State Bank, Oxford
Source
newspapers

Newspaper Articles (2)
1. April 13, 1933 The Tipton Daily Tribune Tipton, IN

Article Text

Headaches?

Talk to

DR. FOSTER

FIFTEEN CLAIMS PAID.

Municipalities Are Aided By the State Sinking Fund.

Indianapolis, April 13 Floyd E. Williamson, state auditor, last night announced that fifteen claims have been paid out of the state sinking fund to municipalities which had funds in banks which have suspended business since January 1. At the same time Williamson said he has received an opinion from Philip Lutz, Jr., attorneygeneral, in which it is held that banks being operated by conservators are not eligible to come under the provisions of the sinking fund law. The claims paid total $61,and have been paid for the following institutions: The Bank of Selma, Selma: The Star City State Bank, Star City: The Oxford State Bank, Oxford and The Farmers State Bank of Eminence. Williamson said there are now 21 state banks which have suspended operations and are eligible to come under the sinking fund law. He said there is sufficient money in the fund to pay all claims on file.

2. April 13, 1933 The Tipton Daily Tribune Tipton, IN

Article Text

Headaches? Talk to DR. FOSTER

FIFTEEN CLAIMS PAID.

Municipalities Are Aided By the State Sinking Fund.

Indianapolis, April 13 Floyd E. Williamson. state auditor, last night announced that fitteen claims have been paid out of the state sinking fund to municipalities which had funds in banks which have suspended business since January 1. At the same time Williamson said he has received an opinion from Philip Lutz, Jr.. attorneygeneral. in which it is held that banks being operated by conservators are not eligible to come under the provisions of the sinking fund law. The claims paid total $61.423 95 and have been paid for the following Institutions: The Bank of Selma, Selma: The Star City State Bank, Star City: The Oxford State Bank. Oxford and The Farmers State Bank of Eminence. Williamson said there are now 21 state banks which have susperided operations and are eligible to come under the sinking fund law. He said there is sufficient money in the fund to pay all claims on file.