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Granger, Texas · a Michigan lawsuit · the same-name sweep of the failure lists
The Granger National Bank is in Texas. The trap is real and it is dispelled whole. Granger National Bank is a genuine, FDIC-insured national bank — of Granger, Texas: founded 1920, "the oldest banking institution in Granger [Texas]," its historic building erected in 1924, locally owned, the Heger family holding a majority interest since 1973, its centennial marked in 2020, headquartered at 201 W. Davilla St, Granger, TX 76530, FDIC Certificate 3232 (the bank's own site; ratesandinfo). It survived the 1929 crash and the Great Depression — in Texas. It has no connection to Granger, Indiana, no branch in Indiana, and its 1920 founding and Depression survival must not be attributed to this ground, which had no bank at all in 1920 and none for decades after (art-75-1, art-75-6).
The second Texas trap closes a false failure. Farmers State Bank of Granger, Texas — the second banking institution founded in that town — closed in 1926; its 1908–09 building became Granger city hall in 1929 (Texas Historical Marker No. 9100, 212 E. Davilla St, Granger, TX). A search hit reading "Granger bank closed in 1926" is therefore a Texas fact about a Texas bank, dispelled on the record for any Indiana use.
The remaining same-name checks are printed with their results. The FDIC Failed Bank List contains no failure of any bank in Granger, Indiana, and no same-name failure of the seated row's institutions in any Granger: Old National Bank's only failure-list connection is as an acquirer (Integra Bank National Association, Evansville, failed July 29, 2011, acquired by Old National). The "Granger-causality" of the econometric literature (including an FDIC working paper of 2005–06) is a statistical term named for a person, not a bank or a place. And Detroit Trust Co. v. Granger, 270 N.W. 239 (Michigan), is a stockholder-liability suit concerning William B. Granger, a vice-president of the Grand Ledge State Bank — a man's surname in a case caption, not a Granger bank failure in any state. The wrong-city address trap of the present row — Old National's Heritage Square office, Granger in the bank's locator and Mishawaka in the map data — is carried whole in the banked fragment and stands as printed there. With those dispelled, the failure record of art-75-6 stands clean: in 1929–1934, and in every year since, no bank failure belongs to Granger, Indiana.