Corydon National Bank (Corydon, IN)

Episode Information

Episode UID
776001467
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
77600 national
Charter Number
7760
Start Date
March 4, 1922
Location
Corydon, Indiana (38.212, -86.122)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
639d7ca0451930e7

Response Measures

None

Receivership Details

Depositor recovery rate
75.0%
Date receivership started
1922-03-08
Date receivership terminated
1929-08-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
55.5%
Share of assets assessed as doubtful
23.5%
Share of assets assessed as worthless
21.0%

Description

Closed by national bank examiners and placed in receivership in March 1922.

Events (4)

1. May 27, 1905 Chartered
Source
historical_nic
2. March 4, 1922 Suspension
Cause
Government Action
Cause Details
Closed by national bank examiners (federal examiners closed the bank).
Newspaper Excerpt
the defunct Corydon National bank, which was closed recently by national bank examiners.
Source
newspapers
3. March 8, 1922 Receivership
Source
historical_nic
4. March 8, 1922 Receivership
Newspaper Excerpt
Receivers of the bank have been appointed and will take over the affairs of the institution as soon as the examiners have completed their investigation.
Source
newspapers

Newspaper Articles (10)

Article from South Bend News-Times, March 5, 1922

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Article Text

APPOINT RECEIVERS FOR DEFUNCT BANKS CORYDON Ind., March 4.Samuel L. Refly formerly assistant cashier of the defunct Corydon National bank, which was closed recently by national bank examiners. was appointed receiver for the Farmers Savings and Trust Co., which was also closed by state bank examiners, by Judge F. J Wilson. W. D. Barnes was appointed receiver for the Elizabeth State bank. which also was closed by an examiner. Their bonds were fixed at $20,000. Mr. Barnes was president of the Elizabeth bank before state authoritties took charge.


Article from The Richmond Palladium and Sun-Telegram, March 7, 1922

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Corydon Bank Loss May Reach $500,000, Report (By Associated Press) CORYDON, Ind., March 7.-Invest:gation of the three defunct banks in and near Corydon, has not yet been completed, but it was said by bank examiners yesterday that the loss of the Corydon national bank will reach $500,000. The loss of the Elizabeth bank will run as high as $17,000 and that of the Farmers' Savings and Trust company $100,000, the examiners said. Receivers of the bank have been appointed and will take over the affairs of the in. stitution as soon as the examiners have completed their investigation.


Article from South Bend News-Times, April 9, 1922

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the ruse of Tommy O'Connor," also were indicted. it was believed: They are held in the Marton county jail Whether South Bend persons, suspected of violating interstate traffic laws, were indicted was not made known. All names included in the list of indictments are being withheld by the district attorney pending arrests. Federal agents will inyade Indiana cities within a few days to take into custody those wanted to answer charges of federal violations. The biggest Indiana liquor ring case hinges about the indictment of Big" Jim Carreero and 20 other defendants of Clinton, reputed to be the state's chief source of liquor supply, since the Muncle and Gary-South Bend "rings" were broken up last fall. Sensational developments are expected in event the case of George Remus, Chicago attorney, said to be head of one of the largest and most notorious liquor rings in the United States, come to trial. Remus has been mentioned frequently with a large liquor withdrawals from bonded warehouse at Lawrenceburg and he is charged not only with liquor law violations but is alleged to have offered bribes to Indiana prohibition officials. Inasmuch as Remus already is under indictment at Cincinnati and Chicago and is under bonds aggregating $60,000 it is considered improbable that he will face trial here. Five Indianapolis men, who escaped charges in connection with heldup of mail train and killing of a mail clerk near Champaign, III., last fall, by frank admission of liquorrunning activities, were indicted on charges of prohibition law violation. They were arrested after a negro had been killed by supposed liquor runnors near Clinton, Ind., shortly after the mail robbery. Ben Applegate, George Applegate and Wilson Cooke officers of the defunct Corydon National bank of Corydon were indicted in connection with the closing of that institution, and William Taylor, fugitive cashier of the First National bank of Ambia, also was indicted. Terre Haute is not mentioned among the major indictments and Evansville, usually prominent in federal court, is represented by only two liquor case défendants. A dozen defendants and as many stolen automobiles are involved in indictments covering an alleged automobile theft conspiracy with ramifications leading from Chicago to Knoxville, Tenn. William Humbert, in jail here, James Click of Anderson and Herbert Seal, of near Noblesville, are the defendants whose names have been made public.


Article from Journal and Courier, March 22, 1923

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Bank's Receiver Starts Suit For $36,000 Judgement [By the Associated Press.] INDIANAPOLIS, Mar. 22.—Suit to obtain judgment of $36,000 against the American Surety company of New York to recover losses incurred when officials of the Corydon National bank of Corydon, Ind., are alleged to have defrauded depositors, was filed in federal court by William Flora, receiver for the institution.


Article from The Fort Wayne Journal Gazette, March 22, 1923

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SUE SURETY COMPANY FOR LOSS IN BANK Receiver for New Corydon Institution Seeks to Recover $36,000 INDIANAPOLIS, March 21.—Suit to obtain judgment of $36,000 against the American Surety company of New York, to recover losses incurred when officials of the Corydon National bank, of Corydon, Ind., are alleged to have defrauded depositors, was filed in federal court today by William Flora, receiver for the institution. The complaint recites that the defendant company was accepted as surety for George W. Applegate, Benjamin S. Applegate, and William E. Cook, ex-officials of the bank. The ex-officials were indicted in federal court and after pleading guilty to charges of fraudulently obtaining $64,000 from the institution, were sentenced to serve terms in Atlanta penitentiary.


Article from The Indianapolis Times, November 19, 1923

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Bank Receiver Asks $1,256.60 Judgment of $1,256.60 against Walter Love of Central, Harrison County, on a $1,116.45 note, was asked in a suit filed by William H. Flora, receiver of the Corydon National Bank, in Federal Court today.


Article from The Indianapolis Times, November 19, 1923

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"Oompah" Band N'ever'thing An open-air meeting with an "oompah" band and everything will be held at the corner of Delaware and Market Sts. at 8 p. m. Tuesday by the Booster Club, a Republican organization recently organized. Among those invited are Mayor Shank and Elias W. Dulberger, candidates for Governor. The meeting is being engineered by John E. Edwards, president. Bank Receiver Asks $1,256.60 Judgment of $1,256.60 against Walter Love of Central, Harrison County, on a $1,116.45 note, was asked in a suit filed by William H. Flora, receiver of the Corydon National Bank, in Federal Court today.


Article from The Indianapolis Times, November 19, 1923

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Article Text

Bank Receiver Asks $1,256.60 Judgment of $1,256.60 against Walter Love of Central, Harrison County, on a $1,116.45 note, was asked in a suit filed by William H. Flora, receiver of the Corydon National Bank, in Federal Court today.


Article from The Brookville Democrat, March 13, 1924

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Article Text

INDIANA STATE NEWS Indianapolis.—The board of trustees of Indiana university has approved the appointment of a military committee to have general oversight of military affairs at the Indiana university school of medicine, especially in connection with the establishment of a general hospital for the organized reserves of the army, to be known as General Hospital No. 32 (Indiana university school of medicine unit, Indianapolis). Further details regarding the General hospital unit were made public at Indianapolis. The hospital unit will be in the direct charge of the trustees of the university, subject to the command of the surgeon general of the army. Plymouth.—The Marshall county grand jury returned an indictment against Raymond B. Smith, charging him with murder in the first degree. Smith has been in jail here since February 9, charged with the slaying of his grandmother, Mrs. Frances Sweet, two years ago. That Mrs. Sweet was murdered became known after Mrs. Margaret Smith, wife of the accused, had informed officials in seeking a divorce that her husband had shot the old woman and buried her body under the foundation of an outbuilding on their farm near here. Mrs. Sweet's body was dug from under the building and held as evidence during the grand jury investigation. Indianapolis.—The state highway commission has awarded C. Y. Foster & Sons of Carmel the contract for providing seed for state highway roadsides this year. The company was the lowest of seven bidders. The highway department plants grass and clover seed on the shoulders of newly-constructed roads to prevent erosion and to keep down weeds. The commission intended to spend about $4,000 for seed this year, but because of its diminished income it will spend only about $2,500, it was said in the department. Indianapolis.—In a letter to the county commissioners John D. Williams, director of the state highway department, notified the commissioners that the bridge over Eagle creek in Kentucky avenue would be added to the state highway system as soon as suitable weather for bituminous paving arrives, if the commissioners would maintain the bridge in the meantime. The commissioners said they would agree to the proposition made by Williams. Anderson.—Rollin Flynn and Charles O. Sawyer both of Muncie members of the train crew of the east-bound Union Traction car which was wrecked at Alfont February 2, with a loss of 16 lives, were charged with involuntary manslaughter in the Madison Circuit court at Anderson. Flynn and Sawyer had waived preliminary hearing before a justice of the peace and were bound over to the Circuit court under bonds of $3,000 each. Indianapolis.—The appointment of the Indiana Coolidge committee, consisting of a man and woman from each of the 13 congressional districts, was announced by Ewing R. Emison of Vincennes, state manager of the Hoosier campaign for President Coolidge. Fred C. Dickson of Indianapolis, vice president of the Union Trust company, was named as treasurer of the organization. Indianapolis. — Sixty-eight defendants were named in 41 indictments returned by the federal grand jury to Judge Anderson. As names of the defendants will not be made public until they have been arrested, it is not known whether the name of Governor McCray was in the list. Homer Elliott, United States district attorney, refused to make any statement. Marenzo.—Eight teamsters were arrested and arraigned here before John R. Pirtle, justice of the peace, charged with heavy hauling over gravel roads at a time when the roads were in a condition to be damaged. Each person entered a plea of guilty and paid a fine and costs of $13.50. Indianapolis.—The rule of the city board of school commissioners whereby a teacher must retire after 45 years of teaching service should be rescinded, it was recommended by the board of directors of the Indianapolis Chamber of Commerce. Washington.—The following men have received commissions in the officers' reserve corps: Mark Emerson Hamer, Indianapolis, lieutenant colonel, infantry; Clarence O'Dell Miller, Fort Wayne, first lieutenant, judge advocate. Indianapolis.—The state highway department's revenues in 1924 and 1925 will be reduced about $3,000,000 because of the finding that the 1924 law increasing automobile registration fees is invalid, Earl Crawford, member of the state highway commission, said. Greensburg.—The Methodist church of Milford was named as a beneficiary in the will of Mrs. Fannie C. Blackmore. The sum of $2,000 is given the church. Indiana Harbor.—After shooting Mrs. Rose Bevan, twenty-four years old, to death in her room, Edward Habeat, thirty-eight years old, a roomer at the home here, committed suicide. It is believed that Mrs. Bevan rejected the attentions of Habeat. Mrs. Bevan's husband is a well-known business man of Indiana Harbor. Richmond.—An increase of $600 in the maximum salary of carriers was asked in a resolution adopted by the Indiana Letter Carriers' association, raising their salary from $1,400 to $2,000 annually, at annual meeting here. Indianapolis.—Curtailment of the construction program of the state highway department on account of the action of the Supreme court invalidating the increased automobile license fees was discussed at a meeting of the state highway commission. The commission held a conference with Governor McCray. Following the meeting John D. Williams, director, said that no definite action had been taken in regard to the part of the 1924 program to be eliminated. He said, however, that very little more mileage would be placed on contract for construction this year. The commission has let three contracts for the 1924 program, which will make up the major part of the work for this year. Washington, D. C.—According to statistics made public by the Department of Commerce, the total debt of the state of Indiana, the counties in the state, incorporated places, and all other civil divisions, was $166,754,000 at the end of the fiscal year 1923. This indebtedness was distributed as follows: State government, $2,325,000; counties, $88,903,000; incorporated places, $32,587,000; all other civil divisions, $42,939,000. The latest estimate of the census bureau of the population of Indiana, made in 1923, fixes the total at 3,013,134. Taking that figure, the per capita debt of the state and all its governmental units at the end of 1923, was $55.34. Enos.—Silvertop Breede, government boiler inspector working under the direction of the interstate commerce commission, who has been inspecting engines on the Chicago & Eastern Illinois railway, has been ordered by the Washington authorities to come to Enos, where one of the government-built locomotives of the World war period, the largest of their kind in this section, exploded with terrific force, tearing Engineer Frank Baker of Hammond and Fireman Jesse Meyer of Danville, O., to pieces. Indianapolis.—The growth of college extension teaching in connection with township and city institutes in Indiana has passed the experimental stage and is progressing splendidly, according to a circular issued at Indianapolis by the state department of public instruction. There are such classes in 65 of the 92 counties in Indiana. In these are enrolled more than 5,000, 600 elementary and high school teachers, and for which they will receive college credit. Washington.—Motion picture houses are operating without interference in Washington on Sunday, but only after a long fight on the question. Road shows and vaudeville are being suppressed. Mayor McCarty's vote broke a tie at a recent action on the matter by the common council, three members being in favor of an ordinance prohibiting Sunday theatrical performances and three voting against it. One councilman was absent. Indianapolis.—The United States bureau of fisheries is to co-operate with the state conservation department this year in obtaining for Indiana 20,000,000 pike-perch eggs for artificial propagation, and later public stream and lake stocking in Indiana, according to an announcement of Richard Lieber, director of the conservation department at Indianapolis. Terre Haute.—Prof. William A. McBeth, sixty-eight years old, for 30 years an instructor in the Indiana State Normal school, died here, following a stroke of apoplexy. Professor McBeth, a graduate of Yale university, was author of supplementary chapters in history text books used in Indiana. Columbus.—Frank Cox, age seventy-three, of Azalia, committed suicide by shooting himself in the chest with a shotgun. Financial worries were said to have been the cause. Besides the widow, there are three children, Mrs. Bliss Robertson of Indianapolis, Charles Cox of Marysville and Oren Cox of Azalia. Greencastle.—Founders and Benefactors' day at DePauw university was observed on the eighty-sixth anniversary of the organization of the Methodist institution. The speaker was Dr. Thomas W. Nadal, president of Drury college of Missouri. His subject was "Life's Third Dimension." Corydon.—Receivers for the Corydon National bank, which was closed two years ago, will begin making payments of 10 per cent to depositors immediately. This will bring the amount paid depositors up to 60 per cent since the bank closed. Terre Haute.—Dr. Jonathan P. Worrell, eighty years old, nationally known eye and ear specialist, died at his home. Doctor Worrell had been a resident of Terre Haute for more than fifty years, coming from Chester county, Pennsylvania, his birthplace. Indianapolis.—George Allen, Clarke county attendance officer, was removed from office by action of the state board of education at its meeting here. Rockville.—The one hundredth anniversary of Rockville was observed by exercises at the assembly room of the Rockville high school. Logansport.—Frank Tate, age fifty-seven, Wabash county farmer, was found not guilty of a charge of arson by a jury in the Cass Circuit court. Frankfort.—Richard Bolt, an attorney of this city, and Orus Williams, farmer, of near Thornton, were taken to the Indiana penal farm by Sheriff Power to serve sentences. Bolt pleaded guilty to violation of liquor laws while Williams was found guilty of assault and battery. Each will serve 60 days. Fort Wayne.—Typhoid fever caused the deaths of 27 persons in this city during the year 1923, according to the annual report of the board of health. A total of 197 cases of the disease were reported during the year.


Article from The Indianapolis News, October 15, 1924

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AGAINST BANK RECEIVER Suits Filed to Collect Notes Held by Corydon National. Three suits to collect notes held by William Flora, receiver of the