Amboy State Bank (Amboy, IN)

Episode Information

Episode Type
Suspension → Closure
Start Date
October 12, 1918
Location
Amboy, Indiana (40.601, -85.929)
Bank Type
state
Routing Number
71-0673

Metadata

Episode ID
Bank ID
City ID
180430130
Model
gpt-5-mini
Short Digest

Events (2)
1. October 12, 1918 Suspension
Cause
Government Action
Cause Details
Closed by state banking examiner after discovery of $80,000–$90,000 shortage caused by alleged defalcation by cashier John W. Kendall.
Newspaper Excerpt
Following an examination of the books of the Amboy State bank here and after it had been ascertained that John W. Kendall, former cashier of the bank, had disappeared about a week ago, the bank was closed by Robert Trass, a field examiner from the state banking department.
Source
newspapers
2. October 18, 1918 Receivership
Newspaper Excerpt
Judge Cole, of the Miami circuit court, appointed William O. Fox receiver for the defunct Amboy State Bank at Amboy, which was closed by order of auditor of state following discovery of shortage reaching around $100,000, due to alleged defalcation of Cashier John Kendall, who is still missing.
Source
newspapers

Newspaper Articles (2)
1. October 17, 1918 Audubon County Journal Exira, IA
Article from Audubon County Journal, October 17, 1918

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Article Text

BANK CLOSED; $80,000 GONE Cashier of the Amboy (Ind.) State Institution Disappeared a Week Ago. I Amboy, Ind., Oct. 12.-Following an examination of the books of the Amboy State bank here and after it had been ascertained that John W. Kendall, former cashier of the bank, had disappeared about a week ago, the bank was closed by Robert Trass, a field examiner from the state banking department. Mr. Trass stated that the shortage of the bank was between $80,000 and $90,000. Kendall had been cashier of the bank for about four years. but was removed last week. It is expected a receiver will be appointed for the bank.

2. October 18, 1918 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, October 18, 1918

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Article Text

RECEIVER FOR DEFUNCT bank

PERU, Ind., Oct. 18.-Judge Cole, of the Miami circuit court, appointed William O. Fox receiver for the defunct Amboy State Bank at Amboy, which was closed by order of auditor of state following discovery of shortage reaching around $100,000, due to alleged defalcation of Cashier John Kendall, who is still missing.