Dale Bank - Dale, IN

Episode Information

Episode UID: 2459969591547
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 245996959 hash
Start Date: November 19, 1928
Location: Dale, Indiana (38.169, -86.988)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a18ee4dd2f1654a4

Response Measures

None

Description

OCR errors in article; linkage to indictments and receivership is somewhat garbled.

Events (2)

1. November 19, 1928 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closure tied to failures/receivership connected with Wallace Milling and related indictments of local officials/banker.
Newspaper Excerpt: The Dale bank closed its doors on November 19, 1928.
Source: newspapers

2. * Receivership

Newspaper Excerpt: Both banks now are in State Banking Commissioner Luther Symons, has indicated that there may be to depositors in both banks.
Source: newspapers

Newspaper Articles (1)

1. May 13, 1929 Vidette-Messenger of Porter County Valparaiso, IN

Article from Vidette-Messenger of Porter County, May 13, 1929

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Article Text

WEDEKING INDICTED GRAND JURY Chairman State Highway Commission is Charged with Violation of the diana Warehouse Act. JASPER, Indiana, May Wedeking of Dale, Ind., chairman of the Indiana highway and former instructor at the University of Nebraska, and Gilbert Landgrebe, Ind., banker, were indicted by the Dubois county grand jury here on April 19th charges of violating the Indiana warehouse act was learned here today when became known that Sheriff Joseph Kordes had warrants for the arrests of the two men. The true against the was said have been returned connection with the receivership of the Wallace Milling company Huntingburg, Ind., the failure which was blamed for the closing the Farmers and bank of Ind., inand the Ind., State Bank. Institution. Prosecutor Stanley Krief of the home is at Ind., said today that for the two men would be fixed at each. Inspection statutes showed that warehouse acts. One passed in and the other 1921. The range from $50.00 fine and one year the county jail to $5,000 fine and five years in the state The joint circuit court presided over by Judge Homer Traylor. The Dale bank closed its doors on November 19, 1928. The Huntingburg bank suspended operations February 21, 1929. Both banks now are in State Banking Commissioner Luther Symons, has indicated that there may be to depositors in both banks. Wedeking was former instrucin the Valparaiso high school.