5302. Peoples State Bank (Michigantown, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 22, 1931
Location
Michigantown, Indiana (40.326, -86.393)

Metadata

Model
gpt-5-mini
Short Digest
9ccdea97c4aaba69

Response Measures

None

Description

State banking department 'took charge' of Peoples State Bank (Michigantown) following the suicide of cashier Goodnight. Articles (Dec 23, 1931) report the commissioner Luther Symons taking control. OCR is imperfect; names corrected where obvious. No mention of a depositor run or reopening—state took charge, implying government action and likely closure/receivership.

Events (2)
1. December 22, 1931 Other
Newspaper Excerpt
suicide yesterday of Goodnight, cashier of the bank for twenty years (reported Dec. 23, 1931 referring to suicide the previous day). This preceded the state taking charge of the bank's affairs and prompted the action by the banking department or commissioner in Indianapolis to intervene. OCR shows fragmented text but indicates the suicide occurred Dec. 22, 1931.
Source
newspapers
2. December 23, 1931 Suspension
Cause
Government Action
Cause Details
State banking department/commissioner Luther Symons took charge of the bank's affairs following the suicide of the long-time cashier (Goodnight).
Newspaper Excerpt
the state banking department, Michigantown, Clinton county today, Luther Symons, banking take charge the affairs of the Peoples State Bank there. This action followed the suicide yesterday of Goodnight, cashier of the bank for twenty years.
Source
newspapers

Newspaper Articles (2)
1. December 23, 1931 The Times Hammond, IN
Article from The Times, December 23, 1931

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Article Text

BANKER SUICIDES Ind., Dec. the state banking department, Michigantown, Clinton county today, Luther Symons, banking take charge the affairs of the Peoples State Bank there. This action followed the suicide yesterday of Goodnight, cashier of the bank for twenty years.

2. December 23, 1931 The Times Hammond, IN
Article from The Times, December 23, 1931

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Article Text

BANKER SUICIDES INDIANAPOLIS, Ind., Dec. of the state MichiClinton county today, on instructions Luther Symons, commissioner, take charge affairs of the Peoples State Bank there. This followed the suicide of of the bank for