Jackson Township Bank - Pershing, IN

Episode Information

Episode UID: 71109571585
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7110957 routing
Routing Number: 71-1095
Start Date: January 1, 1932*
Location: Pershing, Indiana (41.096, -86.319)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 8dd594ecd95b8c0b

Response Measures

None

Description

Closed in Jan. 1932 for liquidation with a receiver; receiver later paid depositors in full.

Events (2)

1. January 1, 1932* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank was closed in January 1932 for liquidation (voluntary winding up) per article.
Newspaper Excerpt: When the Jackson Township Bank of Pershing was closed on Jan. 1932, for liquidation
Source: newspapers

2. April 29, 1934 Receivership

Newspaper Excerpt: In his final report as receiver, filed in Wayne circuit court today, was disclosed that all depositors had been paid in full and stockholders realized dollar for dollar on their investment.
Source: newspapers

Newspaper Articles (1)

1. April 29, 1934 The Richmond Item Richmond, IN

Article from The Richmond Item, April 29, 1934

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Article Text

Depositors Paid Dollar for Dollar by Bank Receiver When the Jackson Township Bank of Pershing was closed on Jan. 1932, for liquidation, depositors and assumed that they have to stand loss, but Robert E. L. Hartman, has long since satisfied all of their claims dollar for dollar, it was revealed Saturday. In his final report as receiver, filed in Wayne circuit court today, was disclosed that all depositors had been paid in full and stockholders realized dollar for dollar on their investment. In the process of liquidation Mr. Hartman purchased all of the outstanding stock himself, paying par for it, and then paid off the claims of the depositors. The receiver paid the 1934 taxes before closing up the affairs of the institution, the report revealed. The case is said to be unusual in banking circles.