Farmers State Bank (La Fontaine, IN)

Episode Information

Episode Type
Suspension โ†’ Reopening
Start Date
June 1, 1925*
Location
La Fontaine, Indiana (40.674, -85.721)
Bank Type
state
Routing Number
71-1130

Metadata

Notes

The bank closed in June 1925 and reopened after paying depositors in full.

Events (3)

1. June 1, 1925* Suspension
Cause Details
Bank closed and entered receivership in June 1925; specific trigger not mentioned.
Newspaper Excerpt
Farmers' State Bank at Lafontaine, which closed last June and has been in the hands of a receiver since
Source
newspapers
2. June 1, 1925* Receivership
Newspaper Excerpt
has been in the hands of a receiver since
Source
newspapers
3. November 20, 1925 Reopening
Newspaper Excerpt
Farmers' State Bank at Lafontaine... is to be reopened. Depositors and creditors have been paid almost in full.
Source
newspapers

Newspaper Articles (2)

Article from The Indianapolis Times, November 20, 1925

Click image to open full size in new tab

Article Text

Hoosier Briefs OTICE burglars! Please lay off me for a while. N Try the barbers, they have more money than I." Attorney R. N. Smith, La Porte, ran this notice in newspapers after burglars stole $200 from his home. Previously, $50 was taken from his office. Smith also won a $250 radio and because he wasn't present to receive it, it was awarded to another. Approximately $50,000 from appropriations will be turned back to the city's general fund at Connersville the first of the year, according to William Dentlinger, city clerk. Gary's new $1,000,000 Palace Theater is being rushed to completion for opening Thanksgiving day. When Ray Deffenbaugh, Bluffton farmer, was stricken with appendicitis, neighbors husked his farm cฮ“op. Fred Diederich is the chairman of the Boosters' Club organized at Newcastle. Two hundred members are sought. OR the first time in years, the law against Sunday F hunting was invoked in Kosciusko County when Weldon Richie and Ezra Kaiser were arrested by game wardens and fined $9.50 by Justice Ira Ferverda. Mrs. Hilda Shane, widow of a Warsa wlawyer, has sued an accident insurance company alleging refusal to pay a policy for her husband's death. He stumbled and fell while hunting, injuring his foot. Infection set in and caused his death, she charges. - Derrick Guilford, 71, laborer, and Lotta Kistler, 63, both of Auburn Junction, are newly weds. It is the second matrimonial venture for each. Farmers' State Bank at Lafontaine, which closed last June and has been in the hands of a receiver since, is to be reopened. Depositors and creditors have been paid almost in full.


Article from Leader-Tribune, September 9, 1927

Click image to open full size in new tab

Article Text

LAFONTAINE BANK RECEIVER TO MAKE REPORT VERY SOON The last case before the final report by the receiver of the Farmers State Bank of Lafontaine, is being cleared up in the Miami county circuit court it was learned here Thursday. The receiver, W. H. Sharpe, expects to make his final report in the case before the close of the September of the Wabash Circuit court. The depositors of the bank were paid fifty per cent. of their deposits shortly after the appointing of the receiver. Within 85 days he had paid them in full with the exception of a county and township deposit totalling about $30,000.