Bozeman Waters First National Bank (Poseyville, IN)

View Charter #13503 on SPMC View balance sheet

Episode Information

Episode UID
1350301585
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
135030 national
Charter Number
13503
Start Date
January 20, 1932
Location
Poseyville, Indiana (38.170, -87.783)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e80dd8bda6a37bde

Response Measures

None

Receivership Details

Depositor recovery rate
93.8%
Date receivership started
1932-01-20
Date receivership terminated
1937-02-27
Share of assets assessed as good
33.0%
Share of assets assessed as doubtful
65.7%
Share of assets assessed as worthless
1.2%

Description

Receiver appointed and later arrested for embezzlement; dividends paid to depositors while bank remained closed.

Events (5)
1. November 14, 1930 Chartered
Source
historical_nic
2. January 20, 1932 Receivership
Source
historical_nic
3. January 20, 1932 Receivership
Newspaper Excerpt
MT. Glenn, receiver for the closed Bozeman Waters First National bank of Poseyville
Source
newspapers
4. January 20, 1932 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and suspended operations (receiver later appointed).
Newspaper Excerpt
the bank's suspension
Source
newspapers
5. October 25, 1934 Other
Newspaper Excerpt
A dividend of 35 per cent will be available to depositors of the closed BozemanWaters First National bank, beginning Friday, Elmer W. Heitman, receiver, announces.
Source
newspapers

Newspaper Articles (3)
1. December 5, 1933 The Vincennes Sun-Commercial Vincennes, IN

Article Text

BANK RECEIVER ARRESTED FOR EMBEZZLEMENT MT. Glenn, receiver for the closed Bozeman Waters First National bank of Poseyville, under arrest today on federal warrant charging embezzlement. George A. Bittler, Evansville, was appointed his successor. VISITORS IN CITY Mr. and Mrs. K. Miller, of the Chicago Beach hotel, were scheduled to arrive in Vincennes Tuesday for brief visit. Mrs. Miller is a sister of Jake Gimbel. WHAT HAVE TOU FOUND?-

2. October 25, 1934 Princeton Daily Clarion Princeton, IN

Article Text

BANK TO PAY DIVIDEND POSEYVILLE Ind.. Oct. 25.-A dividend of 35 per cent will be available to depositors of the closed BozemanWaters First National bank, beginning Friday, Elmer W. Heitman, receiver. announces. Payments will be made on presentation of receiver's certificates at the bank The payment will bring to a total of 60 per cent the amount paid to depositors since the bank's suspension, Heitman said.

3. October 25, 1934 Evansville Press Evansville, IN

Article Text

FORMER MT. VERNON WOMAN IS RELEASED Grace Emblem Was Captured By Chinese Bandits By United Press SHANGHAI, Oct. 25.—Grace Emblem, a British subject who formerly lived in Mt. Vernon, Ind., is one of three women who have been released following their capture by communist bandits in Kuichow, Oct. 2. The other two are: Mrs. R. A. Bosshardt and Mrs. Arnolis Hayman. Husbands of Mrs. Bosshardt and Mrs. Hayman are still in the hands of the bandits who have demanded $100,000 ransom. BANK TO PAY OFF Special Correspondence POSEYVILLE, Ind., Oct. 25.—A 35 per cent dividend will be paid Friday to depositors in the closed Bozeman Waters First National Bank, according to Receiver Elmer W. Heitman. This dividend will make a total of 60 per cent paid depositors since the bank's suspension. Creditors are asked to present their receiver certificates at the bank to claim their checks. HENDERSON, Ky., Oct. 25.—Jack Maloney, 32, convict who was released from Eddyville Penitentiary Oct. 11, committed suicide early Thursday by hanging himself by his belt from a Henderson County Jail cell door. His body was found at 6 a. m. He had been dead for about three hours. Maloney was arrested Sunday when he was found in a delirious condition wandering about the