First State Bank (Kewanna, IN)

Episode Information

Episode UID
71064071562
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7106407 routing
Routing Number
71-0640
Start Date
February 1, 1930*
Location
Kewanna, Indiana (41.019, -86.413)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1a23c5f9329c7768

Response Measures

None

Events (3)

1. February 1, 1930* Suspension
Cause
Government Action
Cause Details
Judge appointed receiver and assets frozen after bank closed; court action following failure
Newspaper Excerpt
Bright named receiver of the First State Bank, which its doors two weeks ago ordered of frozen assets.
Source
newspapers
2. February 12, 1930 Receivership
Newspaper Excerpt
Bright named receiver of the First State Bank ... He now a the in Kewanna. The bank ... deposits $225,000.
Source
newspapers
3. August 9, 1930 Other
Newspaper Excerpt
Organization of a new bank, the Kewanna State bank, to be open for business Sept. 1 ... will occupy the building in which the former First State bank was located.
Source
newspapers

Newspaper Articles (2)

Article from The Indianapolis News, February 12, 1930

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Article Text

KEWANNA BANK RECEIVER Bright Named by Judge- Former to The News] Ind., February Bright receiver of the First State Bank, which its doors two weeks ago ordered of frozen assets. to provide bond of Judge the receiver after Luther Symons, state banking had do Kumler has as treasurer for He now a the in Kewanna. The bank and had deposits $225,000. Judge Miller also honored the petition of Harry the receiver for the Akron Foundry Company Showalter, in the for receiver, saying the company in danger and that owed many debts and claims.


Article from The Indianapolis Times, August 9, 1930

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Article Text

SEE BUSINESS AID IN KEWANNA BANK Northern Town Without Can't Die Financial Plant Since Poison and Auto Crash February. Fail to Bring Desired Ball Times Special KEWANNA, Ind., Aug. 9.-OrSuicide. ganization of a new bank, the Kewanna State bank, to be open Bu United Press for business Sept. 1, has been anVANSVILLE, Ind., Aug. 9.-A nounced here by a group of local E drink of lethal poison, plus businessmen. A charter has been granted the an auto crash, failed to bring success to Lawrence Hill, 30, in new institution by the state bankhis suicide attempt, and he was ing department and all preliminary taken to a hospital in a critical arrangements have been completed. condition. The institution will have a capitalAfter drinking poison, Hill ization of $25,000 and a surplus of started down the street in his car. $6,250 when the doors are opened. It will occupy the building in which When the poison took effect he the former First State bank was lost control of the machine and located. collided with a parked car, inflictThis town suffered severe ing serious abrasions. financial reverses since the closing of its two banks last winter. The First State bank went into receivership last February and HOPPERS STILL twenty-nine days later the American National bank was closed. Since then this community has been without a bank and together ON THE MARCH with its financial losses has been seriously handicapped. The men who signed the apInsects Carry Destruction plication for the charter have not been connected with the defunct institutions. Through Posey County. They are: Henry Hirsch of By United Press Logansport, owner of an elevator MT. VERNON, Ind., Aug. 8.-Reat Grass Creek; Charles Evans, William C. Miller, Edward Kreamer lentless march of a great army of and Ralph McConnell of Kewanna, grasshoppers continued today, with and Richard M. Thomas of Grass a quarter of a mile path of destrucCreek. noth registered during