Citizens State Bank (Chalmers, IN)

Episode Information

Episode UID
71065871611
Episode Type
Suspension ā†’ Closure
Bank Type
state
Bank ID
7106587 routing
Routing Number
71-0658
Start Date
March 8, 1934
Location
Chalmers, Indiana (40.663, -86.869)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e5aed824e5be1797

Response Measures

None

Description

Court appointed special representative and bank is in liquidation under state supervision.

Events (3)
1. March 8, 1934 Receivership
Newspaper Excerpt
Special agent granted petition for an order authorizing him to pay and deliver to respective claimants ... Court allows ... Special representative ordered to expend not to exceed the sum of $10 per week for clerical hire.
Source
newspapers
2. March 8, 1934 Suspension
Cause
Government Action
Cause Details
Bank placed in liquidation and special representative appointed by court/Department of Financial Institutions.
Newspaper Excerpt
In the matter of the liquidation of the Citizens State Bank of Chalmersā€”D. D. McCuaig, special representative files bond ... Inventory filed.
Source
newspapers
3. April 28, 1934 Other
Newspaper Excerpt
In the matter of the liquidation of the Citizens State Bank of Chalmers -Same proceedings.
Source
newspapers

Newspaper Articles (2)
1. March 8, 1934 The Monticello Herald Monticello, IN

Article Text

Civil Ross E. Nolan vs Charles Scottā€”Complaint filed in duplicate. Frank Nolan vs Charles Scottā€”Complaint filed in duplicate. Laura Mildred Thomas vs Clarence Walter Thomas ā€” Complaint filed in duplicate. Hearing held on the application for restraining order, and court finds for the plaintiff that the defendant should be restrained from selling or disposing of certain personal property. Cause set for hearing on the application for a temporary injunction for March 1st. Mutual Benefit Life Ins. Co. vs Maude Holdridgeā€”Cause is assigned for trial for March 15. Dale W. Carr, adm. vs Mattie Alltopā€”Defendant makes default. In the matter of the liquidation of the Citizens State Bank of Chalmersā€”D. D. McCuaig, special representative files bond in the penal sum of $7000 with American Surety Co. of N. Y., as surety. Inventory filed. State and Savings Bank of Monticello is designated as a depository for funds belonging to this trust. Special agent granted petition for an order authorizing him to pay and deliver to respective claimants of bank first lien trust funds, collection trust funds, and safe keeping accounts. Court allows, pursuant to the order of the Department of Financial Institutions, the sum of $75 per month to D. D. McCuaig for his services, six cents per mile for mileage in the discharge of his duties. Special representative ordered to expend not to exceed the sum of $10 per week for clerical hire. In the matter of the liquidation of the Peoples State Bank of Wolcottā€”Same proceedings. In the matter of the liquidation of the State Bank of Idavilleā€”George Kistler special representative, ordered to pay state department $33.65 for expenses incurred. Rensselaer Building, Loan and Savings Assn. vs Martha F. Norris et alā€”Final report and vouchers filed. Final report approved. Clerk is ordered to pay to plaintiff $40.97 in his hands for distribution. Receiver is discharged and trust closed. In the matter of Orland Elstonā€”Child ordered sent to Riley hospital at Indianapolis for treatment. Edward Elston, Monon, appointed to accompany the child. State vs Joshua M. Bechdolā€”Jenkines and Jenkines enter appearance for the defendant. Defendant files motion to quash the affidavit, which motion is overruled by the court, and to which ruling the defendant excepts. Defendant enters plea of not guilty of issuing a fraudulent check. State vs Farmers State Bankā€”Receivers file petition for an order authorizing them to institute suit to quiet title to certain described real estate belonging to this trust, which petition is granted. Lafayette Joint Stock Land Bank vs Francis Tyrrell et alā€”Defendant files answer to the complaint in general denial. Wm. F. Brucker and Wm. N. Loughry, receivers, vs White Co. Board of Finance et alā€”Complaint filed in duplicate, and upon plaintiff's motion summons is ordered to issue to sheriff of White county for all defendants returnable March 3. Dale W. Carr, adm. vs Mattie Alltopā€”The court finds for the plaintiff that the estate of John P. Carr is the owner in fee simple of the real estate that the plaintiff is entitled to have his title to the real estate quieted. In the matter of the liquidation of the State Bank of Idavilleā€”The allowance of $35 per month of Thomas J. Hanna as attorney for the special agent, as fixed by the Department of Financial Institutions, is confirmed by the court, and special agent is ordered to pay amount as a part of the expenses of this trust.

2. April 28, 1934 The Monticello Journal Monticello, IN

Article Text

NOTES FROM THE DOCKET OF WHITE CIRCUIT COURT Civil Mutual Benefit Life Ins. Co. vs Grover Safford et al-Defendant files affidavit and motion for a change of venue from White county State vs Farmers State Bank-Receivers file 'verified report of sale of certain real estate and report is approved. Real estate is sold to William and Mary R. Beeman for $2,000. Deed is ordered delivered. Arra M. Oilar vs Finis M. OilarDefendant ordered to pay $50 for plaintiff's attorney and $4 a week for Abram C. Gates VS Wilbur P. Gates (3 cause assigned for trial for May 16. Emma Bender vs First Union Bank and Trust So. of Winamac- This cause is reassigned for trial for May Federal Land Bank of Louisville vs Minerva Hatton et al-Defendants make default. Finding that the allegations of the petition are true, that the plaintiff is entitled to the immediate possession of the real estate, and that an order issue out of this court to the sheriff, directing the sheriff to place the plaintiff in the immediate possession of the real estate. In the matter the liquidation of the Bank of Brookston-Petition filed praying for an order authorizing and directing it to execute an application to and borrow of the Reconstruction Finance Corporation under the terms of this application the sum of $49,443.75 with 4Ā½ per cent interest, and to pledge certain assets of the trust and bank as security therefor. The court hearing the evidence direct special representative to execute an application to borrow this sum. In the matter of the liquidation of the Peoples State Bank of WolcottPetition filed for an order authorizing special representative to make application to the Reconstruction Finance Corporation for a loan for the purpose of paying dividends to the creditors and to pledge the assets of the bank as security. Court grants the prayer of said petition and it is ordered that an order be executed for an application for a loan In the matter of the liquidation of the Citizens State Bank of Chalmers -Same proceedings. Star City Building and Loan Association vs Ross Burget et al-Lafayette Loan and Trust Co. of Tippecanoe county is appointed receiver of the real estate described in the mortgage. Charles McKinney vs Grover Safford et al-Cause is now ordered changed to Jasper county. Mutual Benefit Life Ins. Co. Grover Safford et al-Venue of cause now ordered changed to Jasper coun- In the matter of the change of name of Lowell F. Bracknen-Upon petitioner's motion notice is ordered to be given as required by statute. State VS State Bank of Wolcott- Finds for the intervening petitioner, Wm. H. Gerberich, that the claim of said petitioner should be allowed in the sum of $305.85 and that the receiver should credit that amount on the stock assessment note of Wm. H. Gerberich. State vs Harrison Risner-Written motion to dismiss this cause is sustained and cause is dismissed. Sureties on recognizance bond are released. State vs Morgan Whitaker-Same proceedings. Equitable Securities Co. vs Theo Thayer-Cause is assigned for trial for May 14. Bank of Reynolds vs Walter W. Hare-On plaintiff's motion this cause is dismissed and the costs are paid. Poor Sisters of St. Francis vs Chas. L. Vaughan, as executor-Complaint filed in duplicate and upon plaintiff's motion summons is ordered to issue to sheriff of Tip : : ecanoe county for defendants May 3. Bert Van Voorst and Fred Dahling, as receivers vs Middlestadt Realty Co. -Report filed of sale of real estate showing that lots 48, so, 52 and 54 on Railroad street in Monon were sold to Dorothy M. Thomas for sum of $200. Sale approved and deed ordered delivered. State vs State Bank of WolcottReceiver ordered to pay to Albert A. Wallace the sum of $25 in full of the amount pledged for a certain reward for the apprehension of Carl Middlestadt. Joseph Shindelar vs Home Ins. Co. N. Y. (2 cases)-Cause is assigned for trial for May 11. Orval Boicourt vs Edna J. Victor et al-Plaintiff files motion to dismiss cause, which motion is sustained and cause is dismissed.