Peoples State Bank of Windfall IN bond certificate 1919 (Indiana)

Small town Indiana banking piece!  First Mortgage Real Estate Bond dated 1919. Classic eagle vignette at the top.  Issued and cancelled. Folds from storage. Coupons 9 and 10 remain attached.  Approximately 8.5 x 14 inches.

Incorporated 1912 and rechartered as Union State Bank in 1932 during the Great Depression. This community bank funded real estate and small business loans.

Windfall is a town in Wildcat Township, Tipton County, in the U.S. state of Indiana. It is part of the Kokomo, Indiana, Metropolitan Statistical Area. Windfall's population was 697 as of the 2021 census. Windfall was founded by James B. Fouch in 1853. Fouch platted the land with the goal of securing a train station to earn business from the lucrative lumber trade. He built the first sawmill in 1853. A Christian church was built just outside Windfall in 1854. The congregation moved to Windfall in 1866. A Methodist church was organized in Windfall in 1857, with meetings taking place in a school house. The Windfall post office has been in operation since 1855. There is no definitive history explaining how Windfall was named, but a niece of James B. Fouch told a local newspaper in 1949, “The story has been told to me that Windfall was named by my uncle after a terrific windstorm had swept through the village.”

The village was incorporated on March 24, 1871 by a unanimous vote of the people who had settled there. As other settlers came to the village it grew opposite from the way Fouch intended. As a result, Windfall's Main Street, the original street, is southwest from the center of the town. That same year, the Windfall Baptist church was founded.

From 1944 to 1945 Windfall was home to a World War II German POW camp, Windfall Indiana World War II POW Camp.

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