Bank of Fredericksburg - Fredericksburg, IN

Episode Information

Episode UID: 71110871589
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7111087 routing
Routing Number: 71-1108
Start Date: May 5, 1932
Location: Fredericksburg, Indiana (38.433, -86.190)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 4d42001fdf8156c2

Response Measures

None

Events (1)

1. May 5, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Gradual loss of business cited by the State Banking Commissioner as cause for the bank's failure.
Newspaper Excerpt: The first state bank suspension in Indiana in more than two months was announced by State Banking Commissioner Luther F. Symons here today. The institution closed was the Bank of Fredericksburg, Ind., a private bank with deposits of about $70,000.
Source: newspapers

Newspaper Articles (1)

1. May 5, 1932 The Times Hammond, IN

Article Text

STATE BANK SUSPENSION INDIANAPOLIS, Ind., May 5.—(I. N.S.)—The first state bank suspension in Indiana in more than two months was announced by State Banking Commissioner Luther F. Symons here today. The institution closed was the Bank of Fredericksburg, Ind., a private bank with deposits of about $70,000. Gradual loss of business was given by Symons as the cause for the bank's failure. Symons said he did not anticipate any loss to the bank's depositors as the net worth of the owners of the bank is said to be more than $200,000. J. H. Hancock is president.

Episode Information

Metadata

Response Measures

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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