Bank of Tocsin - Tocsin, IN

Episode Information

Episode UID: 71092471501
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7109247 routing
Routing Number: 71-0924
Start Date: January 1, 1925*
Location: Tocsin, Indiana (40.830, -85.109)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5a89585aace5cf06

Response Measures

None

Description

Article states the bank was closed in 1925 and is in receivership as of 1929.

Events (3)

1. January 1, 1925* Suspension

Cause Details: Article only states the bank was closed in 1925; no cause given.
Newspaper Excerpt: the bank of Tocsin, a private institution, which was closed in 1925
Source: newspapers

2. February 1, 1929 Other

Newspaper Excerpt: Eighty creditors of the bank of Tocsin ... sued stockholders today for payment of balance of claims.
Source: newspapers

3. February 1, 1929 Receivership

Newspaper Excerpt: The receiver has assets now to pay only 5 per cent more, according to an announcement.
Source: newspapers

Newspaper Articles (1)

1. February 1, 1929 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, February 1, 1929

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Article Text

DV Untied PT688 TOCSIN, Ind., Feb. 1.-Eighty creditors of the bank of Tocsin, a private institution, which was closed in 1925, sued stockholders today for payment of balance of claims. Only 50.12 per cent of total claims of $133,146.08 have been paid, it was said. The receiver has assets now to pay only 5 per cent more, according to an announcement.