Jasper County Democrat, Volume 13, Number 57, Rensselaer, Jasper County, 26 October 1910 — BANK FAILURE AT LEBANON. [ARTICLE]

BANK FAILURE AT LEBANON.

The Lebanon National Bank of Lebanon, Ind., was closed Monday by the controller of currency. ’ The liabilities were given in the last report at $444,000 and assets $452,000.The faihire is alleged to have been caused from overlending funds. • Depositors w'ill be paid in full, it is stated. An examination made recentlyshowed that the bank was insolvent. The American Trust Co., operated by the same directort as the bank and which done business in the same building with the bank, was also closed, although the latter is solvent, it is reported.