Deputy State Bank - Deputy, IN

Episode Information

Episode UID: 71072771575
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7107277 routing
Routing Number: 71-0727
Start Date: March 26, 1931
Location: Deputy, Indiana (38.794, -85.653)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5a5bd6a032b46aee

Response Measures

None

Description

State banking commissioner took charge after closure; correspondent failure cited as cause.

Events (1)

1. March 26, 1931 Suspension

Cause: Correspondent
Cause Details: Failure of a Louisville bank with which Deputy State Bank was a correspondent precipitated the closure.
Newspaper Excerpt: DEPUTY STATE BANK SUSPENDS BUSINESS The Deputy State bank of Deputy, Ind., closed its doors today. Luther F. Symons, state banking commissioner, left this morning to take charge of the bank's affairs.
Source: newspapers

Newspaper Articles (1)

1. March 26, 1931 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, March 26, 1931

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Article Text

DEPUTY STATE BANK SUSPENDS BUSINESS The Deputy State bank of Deputy, Ind., closed its doors today. Luther F. Symons, state banking commissioner, left this morning to take charge of the bank's affairs. Failure of a Louisville bank is believed to have caused the crash at Deputy, according to Symons. The Indiana bank was a corresponding member of the Louisville institution. It is capitalized at $25,000, with $70,000 in loans and $70,000 in deposits, and surplus and undivided profits of $1,50. D. W. Robertson is president of the bank and F. A. Anderson cashier.