Citizens Bank (Hope, IN)

Episode Information

Episode UID
1972265791550
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
197226579 hash
Start Date
February 1, 1929*
Location
Hope, Indiana (39.304, -85.771)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ec5d45ada1381b5b

Response Measures

None

Description

OCR errors in articles corrected (e.g., 'ruary' -> February).

Events (2)

1. February 1, 1929* Suspension
Cause
Government Action
Cause Details
Closed by national bank examiners (regulatory action) in February 1929.
Newspaper Excerpt
closed by national bank examiners on ruary
Source
newspapers
2. May 29, 1929 Receivership
Newspaper Excerpt
Receiver is Making Arrangements to Collect From Others. ... the reopening the Citizens' bank has been pronounced recently was after the clรณsof the Citizens institution. said be progressing. Those supporting the proposal ... Charles Ellis, receiver for the defunct Citizens bank Hope, Ind., has filed federal court ... (article dated 1930-06-14 also references receiver Charles Ellis).
Source
newspapers

Newspaper Articles (2)

Article from The Republic, May 29, 1929

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Article Text

OUT OF ON STOCK IN HOPE BANK Receiver is Making Arrangements to Collect From Others. RUSH OF CLAIMS SEEN JUNE FINAL DATE, so LESS THAN TWOTHIRDS HAVE BEEN FILED, STATEMENT. Sixteen of the stockholders National bank payments 100 per made against them the failure the being made Charles from some yet paid, learned The six stockholders who have paid their held stock of the face value of 600. or nearly of the total issue $30,000 for which the funct bank Howmade arrangements with Mr. Ellis to pay his assessment of and settled few days, piece of property having been sold to take care of obligation. An action looking toward dian for Arthur years of age, who is in ill been instituted circuit court here. when matter pleted an assessment made against Galbraith expected to be paid. Next Payment Monday. This will leave only four other stockholders who have not met their Stewart, the time that closed by national bank examiners on ruary after of $130.had sustained through his alleged stack the bank. His affairs in bankpart the ment stock be paid, the bank being listed along other general creditors. First payment the stock second Monday. Under the law. banks given the privilege paying period of four months. the being month apart. When the made the notes to Ellis while the themselves do not draw failure to payments the dates sults in an interest charge being added. June 22 Last Day for Claims. While looking toward the reopening the Citizens' bank has been pronounced recently was after the clรณsof the Citizens institution. said be progressing. Those supporting the proposal to have evolved plan which be submitted the comptroller of the Washington for approval within short time. August the the today called attention to the fact that June 22 the date for filing claims the bank. than the claims been listed the where Mr. Ellis and Mr. Wildman make their for this reason rush during the next three weeks. When nouncement made several that would those the bank deluged days. but when learned that would by filing and that plenty time had been allotthe filing activity stopped almost as suddenly had begun.


Article from The Kokomo Tribune, June 14, 1930

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Article Text

Receiver Brings Action Indianapolis, June Charles Ellis, receiver for the defunct Citizens bank Hope, Ind., has filed federal court here to aside convertance by Mrs. Ursula Barnes her children of land in Bartholo166 acres county. The transfer, made Nov. 1929, alleged the receiver, was for the purpose evading pay. Mrs. Barnes of note for ment by $3,800 held by the bank. The value of the land set at $14,000.