Farmers State Bank (Redkey, IN)

Episode Information

Episode UID
71105071477
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
7110507 routing
Routing Number
71-1050
Start Date
January 1, 1923*
Location
Redkey, Indiana (40.349, -85.150)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0f0eec598464684a

Response Measures

None

Description

Articles show the bank is defunct with a receiver and distributions to depositors; closure occurred prior to 1924.

Events (3)

1. January 1, 1923* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed (failed) and placed in receivership prior to 1924; insolvency/problem-specific led to suspension
Newspaper Excerpt
the Farmers' State bank, which were closed two years ago
Source
newspapers
2. September 18, 1924 Receivership
Newspaper Excerpt
Three suits on claims were filed in circuit court today by the Union State Bank, receiver of the Farmers State Bank of Redkey.
Source
newspapers
3. June 10, 1925 Receivership
Newspaper Excerpt
Union State Bank, receiver for the old Bank of Redkey and the Farmers' State Bank, which were closed two years ago, made the fourth distribution of funds to the depositors
Source
newspapers

Newspaper Articles (5)

Article from The Richmond Item, September 18, 1924

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COURT NEWS Suit to foreclose mortgage was filed in the circuit court by the Woodlawn cemetery association against Clarence E. Williams. Suit on note demanding $400 has been filed in the circuit court by Richard G. Dick against Reuben R. Oren, Jessie I. Oren and Leotis A. Oren. Three suits on claims were filed in circuit court today by the Union State Bank, receiver of the Farmers State Bank of Redkey. Two were against the estate of Leroy DeArmond, and one was against James A. Strong. The will of Sarah Collins was filed for probate with the county clerk. She leaves all her property to her son, Charles V. Collins and to the three children of her deceased daughter, Rhoda E. Hunt. She nominated her son-in-law, Logan A. Hunt, executor. The will of Caroline Benson was today filed for probate. She wishes


Article from The Argos Reflector, November 6, 1924

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Cornelius Renn, forty-eight years old, was drowned in the Ohio river at New Albany when a skiff he was rowing was run down by a tow of barges. The marker dedicated to the memory of Gen. Lew Wallace was unveiled at his boyhood home at Brookville under the direction of Twin Forks chapter of the D. A. R. I. W. Bowen, sixty-five, of Fountain City, was instantly killed and his wife seriously hurt when their automobile was struck by a south-bound Big Four passenger train in Alexandria. Mrs. Cynthia Manning, Bremen, convicted on a charge of bootlegging, has been sentenced by Judge R. R. Carr to three months in the woman's prison at Indianapolis and to pay a fine of $150. Amos Surface of Crawfordsville was elected president of the Indiana Young People's Conference of Religious Education, at the closing session of the fourth annual meeting held at Columbus. Ross J. Hurd, age twenty, son of Mr. and Mrs. Frank W. Hurd of Huntington, was killed in an automobile accident near Mansfield, Ohio, where he was employed as city editor of the Daily Journal. The approach of the winter months has resulted in no marked increase in coal production in the Indiana coal fields, officials at Terre Haute say, and in the coal industry there are no prospects for a decided improvement in this field, or for that matter in any of the union fields. The bell in the old Miami county courthouse at Peru, which for nearly half a century summoned lawyers to court and announced fires and which was taken down 12 years ago, has been placed on a concrete foundation near the present county building as a relic of older days. Frank Caldwell, age thirty-six, was killed when he came in contact with a high-tension electric wire of the Northern Indiana Power company, west of Tipton. Caldwell, with James Almond and Ona Grant, was repairing an insulator when the accident occurred. Almond was burned on the face. The men lived in Kokomo. Rev. Andrew Barclay Meldrum, sixty-seven, of Cleveland, Ohio, pastor emeritus of the old Stone Presbyterian church, that city, has taken his third bride, Anna Newcomb Wannamaker, fifty, of Goshen, a well-known soprano and soloist in Reverend Meldrum's church. The couple are honeymooning in Chicago. Three checks presented at the Bankers' Trust company in Indianapolis, which totaled $600,000, failed to pass the cashier's window when they were presented by a man giving the name of David Wood. Police learned that Wood was recently in a hospital for treatment in Illinois. Relatives identified him. Of 37 hospitals in Indiana inspected by the American College of Surgeons, 29 or 75.7 per cent met the requirements and have been placed on the approved list, according to Franklin H. Martin, director general of the clinical congress of the college, who attended the hospital conference of the congress in New York city. The new fish hatchery at Avoca, in Lawrence county, will be in full operation next spring, George N. Mannfeld, superintendent of fisheries and game, announced at Indianapolis. It will be the fifth of its kind operated by the state conservation department to propagate young game fish for stocking the public waters of the state. Elva Henderson, who acted as superintendent of construction, has been appointed hatchery superintendent. Six of the defendants in the Gary liquor conspiracy cases, who were given sentences of a year and a day in the federal prison and whose appeals were denied by the United States Circuit Court of Appeals, will appeal to the Supreme court, they announced at Gary. The six are Mayor Roswell O. Johnson, D. M. Kinder, present prosecutor; Lewis E. Barnes, former sheriff; Clyde Hunter, former prosecutor; B. A. Lucas and B. S. Narcovich, attorneys. Everett Hottel, ten years old, son of Isaac Hottel, of near Bradford, was killed by an automobile driven by Kenneth Bullington of New Albany. Edward C. Elliott, president of Purdue university, presided at the dedication of the new Purdue university poultry building at Indianapolis. It was the chief event of the meeting of the Indiana State Poultry association. Henry W. Marshall of Lafayette, president of the board of trustees of the university, presented the poultry building to the poultry industry of Indiana. Ray Wells, thirty years old, of South Whitley, was drowned when a truck dashed over a culvert into a creek near South Whitley, pinning him underneath in the water. A total of $56,691.61 was sent out in checks to depositors of the defunct Bank of Redkey and Farmers' State bank by the receiver, the Union State bank, of Redkey. This disbursement totals 40 per cent made to the depositors of the Bank of Redkey, and 60 per cent paid depositors of the Farmers' State bank. Cherry trees in all parts of Pike county are blooming for a second time this year. In Petersburg many trees are in bloom. This is caused by the lateness of the fall, and the lack of cold weather to hold back next year's blooms, it is said. The Michigan road, which is being paved between Shelbyville and New Bethel, is nearly completed, according to officials of the Davis Construction company of Tipton, which has the contract for the work. It is believed that the actual paving of the road will be completed by November 1. Federal agents from Indianapolis operating in Lafayette Wednesday made several arrests under the federal prohibition law. Quantities of home brew were found at each place searched. Those taken in custody include John Snyder, George Snyder, Bruce Kelly, and Edward Morris. Funeral services for Rev. C. H. Trusty, former pastor of the Seventh Christian church, who died at his home in Indianapolis, were held at the Central Christian church. Dr. Allan B. Philputt, dean of the Disciples of Christ preachers of Indianapolis, pastor of the Central Christian church, preached the funeral sermon. The vocational education department of the Sweetser high school in Marion has organized with the view of ridding the community of rats, mice, sparrows, crows and pigeons. Each rat, it is said, destroys $10 worth of produce each year and sparrows destroy $2 in grain. The hunt will begin November 1 and will continue through to December 6. Peter R. Miller, Democratic candidate for sheriff of Pike county, who suffered from ptomaine poisoning, died at the Princeton hospital. Miller served two terms as sheriff of Pike county. M. C. Stoops, chairman of the Democratic county central committee, called for a meeting of the county central committee to select Miller's successor. Terror-stricken Chinese members of the On Leong tong have appealed to the police in both the cities of Hammond and East Chicago for police protection. All the tong men have received death threats and report the presence of strange Chinamen in the district. It has been reported to the police that Chicago Chinese have been buying firearms in large quantities. Two men, one unidentified, were instantly killed and four persons were injured when inbound Terre Haute, Indianapolis & Eastern traction car No. 43 struck an automobile near Indianapolis, throwing the traction car down a 15-foot embankment and grinding the automobile and its occupants to pieces beneath it. The dead: Marion Adams, fifty years old, Indianapolis; unidentified man. The injured: Mrs. Leo Mass, Greencastle; D. C. Gibson, Indianapolis; Curt Brenton, Terre Haute; Comus Richmond, Terre Haute. Enraged, it is said, because he saw his four-year-old son playing with matches in his home, and wishing to give the child an object lesson that he might not repeat the offense, Albert Lovelace, a barber of Columbus, placed the burning end of his cigar against the child's arm, burning a place as large as a 5-cent piece. The grandmother, Mrs. Florence Lovelace, tried to intercede and Lovelace is alleged to have kicked her from the house. Two charges of assault and battery were filed against him for the attacks, to which he pleaded guilty and was fined $30 on each charge. Indiana farmers marketing their grain through the Indianapolis board of trade during the month of September added $623,810 to their receipts over what they received in September marketing last year, due to the continued advancing prices of grain. Total cash receipts for the grain marketed through the board for the month aggregated $2,752,540, while the 1923 total for the same month was but $2,122,730. Corn shippers scored the heaviest increase in price for the 1,312,000 bushels of that grain sold through the board brought approximately $1,430,080, while last year's September figures of 1,254,000 bushels was $1,053,460, a gain of $376,620 on the last month's shipments. One of the biggest of the tasks in connection with the construction of the big Ross-Ade bowl at Purdue university at Lafayette was completed when the last of the forms about the concrete seats was removed. Dr. James O. Parramore of Rochester, N. Y., was selected to head the new $500,000 Lake County Tuberculosis sanatorium at Hammond by the board of trustees. The sanatorium will accommodate 300 patients and will be ready for occupancy the coming winter. Rev. Louis Crafton of Indianapolis is the new president of the Indiana Baptist Young People's union, succeeding Ford Porter of Evansville, who resigned. Rev. Mr. Crafton, who had been vice president, is succeeded by Charles Rhoads of Indianapolis. A legislative committee was appointed and a code of ethics adopted by the board of governors of the Indiana Real Estate association in quarterly session, following a joint luncheon with the Indianapolis Real Estate board at the chamber of commerce.


Article from The Newburgh Register, April 24, 1925

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Cornelius Renn, forty-eight years old, was drowned in the Ohio river at New Albany when a skiff he was rowing was run down by a tow of barges. The marker dedicated to the memory of Gen. Lew Wallace was unveiled at his boyhood home at Brookville under the direction of Twin Forks chapter of the D. A. R. I. W. Bowen, sixty-five, of Fountain City, was instantly killed and his wife seriously hurt when their automobile was struck by a south-bound Big Four passenger train in Alexandria. Mrs. Cynthia Manning, Bremen, convicted on a charge of bootlegging, has been sentenced by Judge R. R. Carr to three months in the woman's prison at Indianapolis and to pay a fine of $150. Amos Surface of Crawfordsville was elected president of the Indiana Young People's Conference of Religious Education, at the closing session of the fourth annual meeting held at Columbus. Ross J. Hurd, age twenty, son of Mr. and Mrs. Frank W. Hurd of Huntington, was killed in an automobile accident near Mansfield, Ohio, where he was employed as city editor of the Daily Journal. The approach of the winter months has resulted in no marked increase in coal production in the Indiana coal fields, officials at Terre Haute say, and in the coal industry there are no prospects for a decided improvement in this field, or for that matter in any of the union fields. The bell in the old Miami county courthouse at Peru, which for nearly half a century summoned lawyers to court and announced fires and which was taken down 12 years ago, has been placed on a concrete foundation near the present county building as a relic of olden days. Frank Caldwell, age thirty-six, was killed when he came in contact with a high-tension electric wire of the Northern Indiana Power company, west of Tipton. Caldwell, with James Almond and Ora Grant, was repairing an insulator when the accident occurred. Almond was burned on the face. The men lived in Kokomo. Rev. Andrew Barclay Meldrum, sixty-seven, of Cleveland, Ohio, pastor emeritus of the Old Stone Presbyterian church, that city, has taken his third bride, Anna Newcomb Wannamaker, fifty, of Goshen, a well-known soprano and soloist in Reverend Meldrum's church. The couple are honeymooning in Chicago. Three checks presented at the Bankers' Trust company in Indianapolis, which totaled $600,000, failed to pass the cashier's window when they were presented by a man giving the name of David Wood. Police learned that Wood was recently in a hospital for treatment in Illinois. Relatives identified him. Of 37 hospitals in Indiana inspected by the American College of Surgeons, 29 or 75.7 per cent met the requirements and have been placed on the approved list, according to Franklin H. Martin, director general of the clinical congress of the college, who attended the hospital conference of the congress in New York city. The new fish hatchery at Avoca, in Lawrence county, will be in full operation next spring, George N. Mannfeld, superintendent of fisheries and game, announced at Indianapolis. It will be the fifth of its kind operated by the state conservation department to propagate young game fish for stocking the public waters of the state. Elva Henderson, who acted as superintendent of construction, has been appointed hatchery superintendent. Six of the defendants in the Gary liquor conspiracy cases, who were given sentences of a year and a day in the federal prison and whose appeals were denied by the United States Circuit Court of Appeals, will appeal to the Supreme court, they announced at Gary. The six are Mayor Rosswell O. Johnson, D. M. Kinder, present prosecutor; Lewis E. Barnes, former sheriff; Clyde Hunter, former prosecutor; B. A. Lucas and B. S. Narcovich, attorneys. Everett Hottel, ten years old, son of Isaac Hottel, of near Bradford, was killed by an automobile driven by Kenneth Bullington of New Albany. Edward C. Elliott, president of Purdue university, presided at the dedication of the new Purdue university poultry building at Indianapolis. It was the chief event of the meeting of the Indiana State Poultry association. Henry W. Marshall of Lafayette, president of the board of trustees of the university, presented the poultry building to the poultry industry of Indiana. Ray Wells, thirty years old, of South Whitley, was drowned when a truck dashed over a culvert into a creek near South Whitley, pinning him underneath in the water. A total of $56,691.61 was sent out in checks to depositors of the defunct Bank of Redkey and Farmers' State bank by the receiver, the Union State bank, of Redkey. This disbursement totals 40 per cent made to the depositors of the Bank of Redkey, and 60 per cent paid depositors of the Farmers' State bank.


Article from The Newburgh Register, April 24, 1925

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Foreignβ€” Eugene M. Barnes, from Waco, Texas, was killed by Mexican bandits on the road near Palma, Vera Cruz, according to dispatches received by the State department at Washington. The court-martial and execution of three Mexican rebel leaders is reported to Mexico City from Piedras Negras by the chief of military operations in the state of Vera Cruz. The Japanese now in Mexico will seek to restrict rather than encourage Japanese immigration to Mexico, it was definitely learned from a member of the Japanese mission at Mexico City. The appointment of Emile Daeschner to succeed Jules Jusserand as ambassador to the United States was approved by the cabinet at Paris, France. Gen. Luigi Pelloux, former premier Italy, died in Rome. He was born in 1830. He entered the Italian army in 1848 as a sub-lieutenant and rose to the rank of a lieutenant general. Seven vessels confiscated by the Portuguese government during the war from Germany were sold at public auction at Lisbon by the marine authorities. They netted Β£92,312. Finance Minister Clementel of France has signed a contract with J. P. Morgan and the group of bankers Mr. Morgan represents for a loan of 3,000,000,000 francs, unconfirmed reports in semi-official circles declared. The National Bank of Nicaragua has arranged with a syndicate of New York bankers for funds to finance the Nicaraguan coffee crop, an operation requiring about $2,000,000, it was announced at Managua. Ending of the war with the Chinese central government was officially announced at Mukden, Manchuria, in a communique issued at the headquarters of Chang Tso Lin. Retreat of central government armies at Shanhaikwan has been cut off, it was declared. Greek government at Athens has asked that the reported wholesale arrest of Greek citizens at Constantinople be investigated at the special meeting of the League of Nations' council at Brussels October 27. The French army occupying Dortmund gathered its possessions and quit the Ruhr, thus marking an end to one of the biggest political and military moves in Europe since the war. The evacuation of Dortmund marks the end of the French regime in the Ruhr. ers' Trust company in Indianapolis, which totaled $600,000; failed to pass the cashier's window when they were presented by a man giving the name of David Wood. Police learned that Wood was recently in a hospital for treatment in Illinois. Relatives identified him. Of 37 hospitals in Indiana inspected by the American College of Surgeons, 29 or 75.7 per cent met the requirements and have been placed on the approved list, according to Franklin H. Martin, director general of the clinical congress of the college, who attended the hospital conference of the congress in New York city. The new fish hatchery at Avoca, in Lawrence county, will be in full operation next spring, George N. Mannfeld, superintendent of fisheries and game, announced at Indianapolis. It will be the fifth of its kind operated by the state conservation department to propagate young game fish for stocking the public waters of the state. Elva Henderson, who acted as superintendent of construction, has been appointed hatchery superintendent. Six of the defendants in the Gary liquor conspiracy cases, who were given sentences of a year and a day in the federal prison and whose appeals were denied by the United States Circuit Court of Appeals, will appeal to the Supreme court, they announced at Gary. The six are Mayor Rosswell O. Johnson, D. M. Kinder, present prosecutor; Lewis E. Barnes, former sheriff; Clyde Hunter, former prosecutor; B. A. Lucas and B. S. Narcovich, attorneys. Everett Hottel, ten years old, son of Isaac Hottel, of near Bradford, was killed by an automobile driven by Kenneth Bullington of New Albany. Edward C. Elliott, president of Purdue university, presided at the dedication of the new Purdue university poultry building at Indianapolis. It was the chief event of the meeting of the Indiana State Poultry association. Henry W. Marshall of Lafayette, president of the board of trustees of the university, presented the poultry building to the poultry industry of Indiana. Ray Wells, thirty years old, of South Whitley, was drowned when a truck dashed over a culvert into a creek near South Whitley, pinning him underneath in the water. A total of $56,691.61 was sent out in checks to depositors of the defunct Bank of Redkey and Farmers' State bank by the receiver, the Union State bank, of Redkey. This disbursement totals 40 per cent made to the depositors of the Bank of Redkey, and 60 per cent paid depositors of the Farmers' State bank.


Article from The Star Press, June 10, 1925

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REDKEY DEPOSITORS GET PART PAYMENT Fourth Distribution of Funds of Two Defunct Banks Made. Redkey, Ind., June Union State Bank, receiver for the old Bank of Redkey and the Farmers' State Bank, which were closed two years ago, made the fourth distribution of funds to the depositors of two banks today. Morris Stults is in charge of the work The distribution today 20 per cent of the original deposit at the Farmers' State Bank cent at the Bank of Redkey The Farmers' State Bank has paid the Bank of Redkey has paid 50 per cent. Redkey Short Notes. The town board has purchased new pipe-pulling to be used by George plant. Jesse Neely and Dott Barley taking the male census of The Indiana General Service Company begin short time to rebuild its lines Redkey