5701. Home Bank of Goodland (Goodland, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 11, 1904
Location
Goodland, Indiana (40.763, -87.294)

Metadata

Model
gpt-5-mini
Short Digest
e3dad041

Response Measures

None

Description

Articles state the Home Bank of Goodland suspended business June 11, 1904. Later (Feb 1907) the former president Fred D. Gilman was convicted of embezzling the bank's funds. No article describes a depositor run or reopening; suspension appears permanent. Bank type inferred as state bank (generic 'Bank' name; could be private but state is more likely).

Events (2)
1. June 11, 1904 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended business; later reports show its former president was accused and subsequently convicted of embezzling the bank's funds, indicating bank-specific insolvency/scandal.
Newspaper Excerpt
Home Bank of Goodland, which suspended business June 11, 1904
Source
newspapers
2. February 2, 1907 Other
Newspaper Excerpt
Fred D. Gilman, former president of the Home Bank of Goodland, which suspended business June 11, 1904, was found guilty today of embezzling the funds of the bank. His sentence will be pronounced Monday.
Source
newspapers

Newspaper Articles (2)
1. February 2, 1907 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, February 2, 1907

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Article Text

GUILTY OF EMBEZZLEMENT. Former Indiana Bank President Has Been Found Guilty. Kentland, Ind., Feb. 2.-Fred D. Gilman, former president of the Home Bank of Goodland, which suspended business June 11, 1904, was found gullty today of embezzling the funds of the bank. His sentence will be pronounced Monday.

2. February 5, 1907 The Lake County Times Hammond, IN
Article from The Lake County Times, February 5, 1907

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Article Text

GILMAN FOUND GUILTY. Kentland, Ind., Feb. 4.-Fred G. Gilman, former president of the Home bank of Goodland, which suspended business June 11, 1904, was found guilty Saturday of embezzling the funds of the bank. Sentence will be pronounced todays