Citizens State Bank - Brownstown, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 19, 1924
Location: Brownstown, Indiana (38.879, -86.046)

Metadata

Model: gpt-5-mini
Short Digest: 5763b374

Response Measures

None

Description

Article (Oct 21, 1925) refers to 'Union State Bank as receiver of the Citizens State Bank', indicating Citizens State Bank had been placed in receivership and therefore closed permanently. No run is mentioned in the text. The receiver signed a praecipe on 1924-06-19 (mentioned in the complaint), so I use that date for the receivership action.

Events (2)

1. June 19, 1924 Receivership

Newspaper Excerpt: On June 19, 1924, it is alleged said Union State Bank as receiver signed a praecipe for an execution...contrary to the agreement entered into between the plaintiff and Union State Bank as receiver of the Citizens State Bank
Source: newspapers

2. June 19, 1924 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; Union State Bank acting as receiver according to complaint
Newspaper Excerpt: Union State Bank as receiver of the Citizens State Bank
Source: newspapers

Newspaper Articles (1)

1. October 21, 1925 Jackson County Banner Brownstown, IN

Article from Jackson County Banner, October 21, 1925

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Article Text

BANK RECEIVER SUED FOR DAMAGE (Continued From Page One.) creditors, which provided that Sherman Hall and Leva Hall turn over for the benefit of creditors, four joint stock farms, Loan Bonds of the value of $1000 each, which complaint alleges they did, that said creditors including said Union State Bank as receiver, agreed that such payment would discharge, release and fully satisfy all indebtedness of said Sherman Hall as set forth in the complaint. It is further alleged that said bank as receiver filed a petition with the judge of the circuit court in vacation asking permission to enter into such an agreement and approve its action and that said court did approve same. On June 19, 1924, it is alleged said Union State Bank as receiver signed a praecipe for an execution, which was duly executed and Sheriff Sneed, acting as Sheriff of Jackson county, levied on personal property of Sherman Hall, consisting of growing crops and farm tools and sold same under said execution, all of which was contrary to the agreement entered into between the plaintiff and Union State Bank as receiver of the Citizens State Bank for which the plaintiff asked $1000 damage. Two damage suits resulting from the same automobile accident are among the new cases filed the past week, in which County Commissioner Jas. R. Crabb is named as defendant. The plaintiff in one case is Albert Fields, ex-mayor of Bedford, who asks $500 damage to his automobile. The other plaintiff is Geo. Fields, who was riding in the Fields car at the time of the accident, who asks $1000 for personal injuries. The accident August 31, 1925, on the road, when the Crabb and Fields cars collided about two miles east of Brownstown. The complaint alleges that the defendant failed to signal when he started to make left turn into a side road, and in doing SO the two cars crashed together. Other New Cases Flora Henderson vs, Arthur Henderson; divorce. Plaintiff also asks care and custody of their five children $15 per week for support for the three youngest children. H. Williams & Son vs. Maurice Whiteford; on note, demand $100. Russell Baker vs. Goldie Baker; divorce. Parties were married June 25, 1910, and separated May 6, 1925. Laura Hulse VS. Chas. Hulse: divorce. Parties were married November 7, 1908, and separated October 5, 1925. Ernst Bros. VS. Jacob Bowman, on account; demand, $75.