gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6bae73026726445e
Response Measures
None
Description
Embezzlement suits were later filed against bank officials while the institution was in receivership.
Events (3)
1.December 13, 1930Suspension
Cause
Government Action
Cause Details
Closed by the state banking department (failed to open and later described as closed by state banking department)
Newspaper Excerpt
The Bridgman State bank failed to open its doors Saturday
Source
newspapers
2.December 31, 1930Other
Newspaper Excerpt
Embezzlement charges in Bridgman bank case ... charges against officials and employees of the closed Bridgman State bank were contained in petition filed in circuit court
Source
newspapers
3.December 31, 1930Receivership
Newspaper Excerpt
Appointment of receiver asked ... The Bridgman State bank, which closed Dec 13. Appointment of receiver asked R. E. Reichert, state
Source
newspapers
Newspaper Articles (13)
1.December 14, 1930The Des Moines RegisterDes Moines, IA
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Article Text
SUIT DEMANDS N. Y. BANK PROBE
Bank of United States' Stockholder Asks an Accounting
NEW YORK Phe Bank of United States has been named defendant In sult demanding an accounting and calling for an investigation of the institution's affairs Max E Bloch chairman of a stockholders' protective committee, filed the action in Westchester county supreme court The bank was closed Thursday by Joseph Broderick state superintendent of banking
Restrain Bank in East. HARTFORD CONN The Trust of New Britain, capitalized at $500.was restrained from paying out deposits Saturday afternoon by the state bank commissioner.
Elroy Wis Bank Closed. MADISON, The banking department anthat the State Bank of Elroy was closed Saturday on action of its board of directors. The bank last statement showed a surplus of 000 and deposits of The banking departalso the reopening of the Home bank of Blair of $30,000 and that of the Plymouth Exchange bank of Plymouth, capitalized for $50,000
Union City, Ind., Bank Fails. APOLIS state banking department was notified Saturday of the closing of the Union Loan and Trust company at Union The institution was capitalized at $50,000, with deposits of $455,000.
Michigan Depository Closed. BRIDGM MICH The Bridgman State bank failed to open its doors Saturday The bank, fifteen years old. had deposits of approximately $500,000 and was capitalized at $20.000.
Illinois Bank Closed. SESSER. ILL. (P)-The First National Bank of Sesser failed to open Saturday The bank was capitalized at $25,000 and was the only depository here.
2.December 31, 1930The Grand Rapids PressGrand Rapids, MI
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Article Text
EMBEZZLEMENT CHARGES IN BRIDGMAN BANK CASE
St. Joseph Dec. 31 against and employes" closed Bridgman State of Bridgman are contained in petition filed in cuit court Tuesday by resentative the attorney general's The officials and The that there is 000 in the bank. which closed Dec 13. Appointment of receiver asked R. E. Reichert, state
3.February 19, 1931The Herald-PressSaint Joseph, MI
Article Text
Bridgman Bank Receiver Granted Permission to Return Bonds, Other Cash
Judge Charles E. White today granted the request of Gore, receiver for the Bridgman State bank, which was closed last December by the state banking department, return Liberty bonds held by the bank for safe keeping and to return money held by the bank for specific purposes. The petitions were filed by Attorney Frank Hammond, who represents the receiver. The funds held for specific purposes included paid by Abwender, of Three Oaks, December He ordered the bank to pay Raymond W. Hollett, of Harvey, Illinois, the money as the final payment on mortgage. Liberty bonds totaling held by the bank for safe keeping for its patrons were also ordered returned.
4.March 6, 1931The Herald-PressSaint Joseph, MI
Article Text
Bridgman Bank Receiver Files Five Suits Today in Berrien Circuit Court
Five suits were filed in the Berrien county circuit court today Attorney Hammond Gore, receiver for the defunct man State bank. Three of the were to collect on promissory The other two were filed by without declarations Christiansen was named fendant in suit to collect $345 note. judgment in sum $500 is asked. Ackerman was note. judgment the $3,000 was asked. Bruce Myers Grace Myers named defendants collect summons was Konrath, asking and Erien
5.June 16, 1931The Herald-PalladiumBenton Harbor, MI
Article Text
GAST, BERNDT PUT ON PAROLE, PAY SHORTAGE
(Continued from Page One) banking commissioner, ordering the bank receiver to allow a $2,050.96 deposit of School District No. Bridgman, to be off against $5,000 school bonds and interest. While affairs the old Bridgman State bank are being liquidated. the south end resort and nursery center now doing business through an entirely new bank, recently organized with strong financial backing and with steadily increasing deposits. When the former bank closed crisis developed in which the community was for time without banking facilities. This was remedied by the creation of the new bank few weeks ago and since that time conditions in Bridgman have shown steady improvement.
The world's largest salary is perhaps that paid by the American Tobacco Company last year to its president, George Washington Hull. He received $2,283,000.
6.July 1, 1931The Herald-PalladiumBenton Harbor, MI
Article Text
BANK RECEIVER GETS JUDGMENTS
Fletcher Gore, as receiver of the Bridgman State bank, yesterday obtained four default judgments totaling $2,597.91 on promissory notes afthearing by Circuit Judge Charles White. The defaults were granted as follows: Hoffman, $432.07; H. Gitersonke, $854.37: and Alex and Katherine AIThe receiver was represented by Attorney Frank L. Hammond
7.September 1, 1931The Herald-PressSaint Joseph, MI
Article Text
Two Suits Filed Today by Bridgman Bank Receiver
Gore today brought two suits circuit court behalf of the old Bridgman State bank, for which receiver. Each suit brought summons, with no declaration One was for $25,000. against Baldwin, involving notes he had endorsed and stock Mr. Baldwin was president of the closed bank. The other was against Mauerman, involving notes amounting $2,000.
8.September 4, 1931The Herald-PalladiumBenton Harbor, MI
Article Text
BRIDGMAN BANK FOR
Suits collect promissory notes totalling and on stock assessment filed the circuit court today FletchGore. receiver the Bridgman State against five defendants. Kirk Sutherland. cashier the National Bank Trust Co. St. Joseph, sued amounting to $4,900, and for $1,000 stock Adolph and Martha Spitzer were sued notes promissory amounting to Henry Weber was sued on three notes totaling Albert and Matilda Pufall were sued $500 note. Lathrop sued on two notes amounting $625. five were filed through AttorFrank Hammond, Benton Harbor.
9.September 14, 1933The Herald-PressSaint Joseph, MI
Article Text
Bridgman Bank Receiver Wins Judgment circuit court decree awarding Fletcher receiver of the Bridgman State bank, judgment of from the Bridgman Supply Co. filed in the circuit court today The decree signed by Judge CharWhite directs that which security was given may be sold. The bank was represented by Attorney Frank
PLACED ON PROBATION IONIA, Clute placed six months but must $10 court on assault charge preferred by his wife, Marie Kuczowski concert singer and Russian Clute tesin court that he had to cook meals and that he occupied quarters at their home,
10.March 13, 1935The Herald-PalladiumBenton Harbor, MI
Article Text
EVANS WINNER IN HIS THIRD BANK CONTEST
Federal Court Rules Pay Of Receiver Not Preferred Claim
Attorney Fremont Evans today had won his third consecutive "bank suit" in federal courts.
His latest victory was recorded in the U. S. circuit court of appeals at Cincinnati, in a suit brought by Fletcher Gore, as receiver for the old Bridgman State bank, against W. R. Payne, as receiver for the American
11.November 14, 1935The Herald-PalladiumBenton Harbor, MI
Article Text
STERLING NAMED ATTORNEY FOR BANK RECEIVER
Attorney Webster Sterling, Benton Harbor, was appointed by Circuit Judge Charles E. White today to act as attorney for the receiver of the old Bridgman State bank. The receiver is Fletcher Gore.
Attorney Sterling succeeds Attorney Frank L. Hammond, Benton Harbor, recently named deputy commissioner in the state department of labor and industry.
12.November 14, 1935The Herald-PalladiumBenton Harbor, MI
Article Text
Attorney Webster Sterling, Benton Harbor, was appointed by Circuit Judge Charles E. White today to act as attorney for the receiver of the old Bridgman State bank. The receiver is Fletcher Gore.
Attorney Sterling succeeds Attorney Frank L. Hammond, Benton Harbor, recently named deputy commissioner in the state department of labor and industry.
13.November 14, 1935The Herald-PressSaint Joseph, MI
Article Text
Webster Sterling Named Attorney for Receiver of Old Bridgman Bank
Attorney Webster Sterling, Benton Harbor, today was appointed by Circuit Judge Charles E. White to act as attorney for the receiver of the old Bridgman State bank. The receiver is Fletcher Gore.
Attorney Sterling succeeds Attorney Frank L. Hammond, Benton Harbor, recently named deputy commissioner in the state department of labor and industry.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
