Bozeman Waters First National Bank (Poseyville, IN)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
January 1, 1932*
Location
Poseyville, Indiana (38.170, -87.783)
Bank Type
national
Charter Number
13503

Metadata

Receivership Details

Depositor recovery rate
93.8%
Date receivership started
1932-01-20
Date receivership terminated
1937-02-27
Share of assets assessed as good
33.0%
Share of assets assessed as doubtful
65.7%
Share of assets assessed as worthless
1.2%

Notes

Receiver was in place and bank remained closed with receiver payments; later receiver arrested for embezzlement.

Events (6)

1. November 14, 1930 Chartered
Source
historical_nic
2. January 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank suspended operations and a receiver was appointed (bank closed and in receivership)
Newspaper Excerpt
Payments will bring to a total of 60 per cent the amount paid to depositors since the bank's suspension
Source
newspapers
3. January 20, 1932 Receivership
Newspaper Excerpt
Lee Glenn, receiver for the closed First National Bank of Poseyville, since January 1, 1932, ... charged with embezzling $3,000 of the bank's funds.
Source
newspapers
4. January 20, 1932 Receivership
Source
historical_nic
5. December 5, 1933 Other
Newspaper Excerpt
MT. Glenn, receiver for the closed Bozeman Waters First National bank of Poseyville, under arrest today on federal warrant charging embezzlement. George A. Bittler, Evansville, was appointed his successor.
Source
newspapers
6. October 25, 1934 Other
Newspaper Excerpt
A dividend of 35 per cent will be available to depositors of the closed BozemanWaters First National bank, beginning Friday, Elmer W. Heitman, receiver, announces.
Source
newspapers

Newspaper Articles (5)

Article Text

BANK RECEIVER ARRESTED FOR EMBEZZLEMENT MT. Glenn, receiver for the closed Bozeman Waters First National bank of Poseyville, under arrest today on federal warrant charging embezzlement. George A. Bittler, Evansville, was appointed his successor. VISITORS IN CITY Mr. and Mrs. K. Miller, of the Chicago Beach hotel, were scheduled to arrive in Vincennes Tuesday for brief visit. Mrs. Miller is a sister of Jake Gimbel. WHAT HAVE TOU FOUND?-


Article Text

Disabled Vet Sends for Xmas Party CLOSED BANK RECEIVER HELD Two Tots Realize Long Ambition to Give to Fund CHRISTMAS PARTY FUND Previously $152.63 Joseph Keith Welborn Poseyville Official Accused of Joan Harrell 1.00 Embezzling $3,000 Disabled Vet Total $155.63 Lee Glenn. receiver for the closed First National Bank of Poseyville, since January 1, 1932, Tuesday was federal prisoner in the Vanderburgh county jail, charged embezzling $3,000 of the bank's funds. Glenn preliminary hearing and is in jail in default of $5,000 William J. Large the office of the U. currency. in Poseyville Tuesday investigating circumstances surrounding the Glenn is former assistant cashier Dahlgrin, bank and acted as receiver for several banks. Every year for years and years Disabled has sent dollar boost the Courier and Journal fund. Here his 1933 disabled vetean the world share earthly goods to the extent dollar every year give some child you and can share with the little and you ones Such little amount of money provide happiness Children who will attend big party Christmas time will remember throughout the years of Nothing will ever able dim the memory supreme happilovely toy and fruit and candy from Santa Claus the midst of the gay party the Christmas tree will rise great tically. crowned the brilliant star. symbolic star when the Christ was Let the Christmas star this year CONTINUED ON PAGE EIGHT


Article Text

Disabled Vet Sends $1 for Xmas Party CLOSED BANK RECEIVER HELD Poseyville Official Accused of Embezzling $3,000 Lee Glenn. receiver for the closed First National Bank of Poseyville, since January 1, 1932. Tuesday federal prisoner in the Vanderburgh county jail, charged with embezzling $3,000 of the bank's funds. Glenn waived preliminary hearing and is in jail in default of $5,000 William J. Large of the office of the U. comptroller Poseyville Tuesday investigating circumstances the Glenn former assistant cashier of Dahlgrin, bank and has acted as receiver for several banks.


Article Text

BANK TO PAY DIVIDEND POSEYVILLE Ind.. Oct. 25.-A dividend of 35 per cent will be available to depositors of the closed BozemanWaters First National bank, beginning Friday, Elmer W. Heitman, receiver. announces. Payments will be made on presentation of receiver's certificates at the bank The payment will bring to a total of 60 per cent the amount paid to depositors since the bank's suspension, Heitman said.


Article Text

FORMER MT. VERNON WOMAN IS RELEASED Grace Emblem Was Captured By Chinese Bandits By United Press SHANGHAI, Oct. 25.β€”Grace Emblem, a British subject who formerly lived in Mt. Vernon, Ind., is one of three women who have been released following their capture by communist bandits in Kuichow, Oct. 2. The other two are: Mrs. R. A. Bosshardt and Mrs. Arnolis Hayman. Husbands of Mrs. Bosshardt and Mrs. Hayman are still in the hands of the bandits who have demanded $100,000 ransom. BANK TO PAY OFF Special Correspondence POSEYVILLE, Ind., Oct. 25.β€”A 35 per cent dividend will be paid Friday to depositors in the closed Bozeman Waters First National Bank, according to Receiver Elmer W. Heitman. This dividend will make a total of 60 per cent paid depositors since the bank's suspension. Creditors are asked to present their receiver certificates at the bank to claim their checks. HENDERSON, Ky., Oct. 25.β€”Jack Maloney, 32, convict who was released from Eddyville Penitentiary Oct. 11, committed suicide early Thursday by hanging himself by his belt from a Henderson County Jail cell door. His body was found at 6 a. m. He had been dead for about three hours. Maloney was arrested Sunday when he was found in a delirious condition wandering about the