Article Text
BANK RECEIVER NAMED. FORT WAYNE. June R. for the Grabill Clarence R. McNabb Allen Circuit court today He ceeds the Harlan State bank. receiver was necessary because the State bank now is in ership.
5712. Grabill State Bank (Grabill, IN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- June 9, 1933
- Location
- Grabill, Indiana (41.211, -84.967)
Metadata
- Model
- gpt-5-mini
- Short Digest
92ab164c
Response Measures
None
Description
Newspaper articles (June–Oct 1933) report a receiver was appointed for the Grabill State Bank and subsequent receiver's reports show shortages. No article describes a depositor run. The bank was placed in receivership by court action and did not reopen in the coverage provided, so classify as suspension leading to closure (receivership).
Events (4)
1.
June 9, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Circuit court appointed a receiver for the Grabill State Bank (court action leading to suspension/closure).
- Newspaper Excerpt
- Charles R. Schrom was appointed receiver for the Grabill State bank by Judge Clarence R. MeNabb in Allen Circuit court today.
- Source
- newspapers
2.
June 10, 1933
Receivership
- Newspaper Excerpt
- BANK RECEIVER NAMED. Fort Wayne, Ind., June 9. Charles R. Schrom was appointed receiver for the Grabill State bank by Judge Clarence R. MeNabb in Allen Circuit court today. He succeeds the Harlan State bank. A new receiver was necessary because the Harlan ... (1933-06-10 Indianapolis Star).
- Source
- newspapers
3.
August 14, 1933
Other
- Newspaper Excerpt
- FORT WAYNE JUDGE SCORES GRABILL BANK RECEIVER ... Declares Noah Amstutz Paid $18,000 in Fees Without Court Order ... Amstutz was appointed the Harlan State bank receiver for the Grabill State on July ... June 1933 ... an audit of the accounts of the Grabill State bank ... found discrepancies ...
- Source
- newspapers
4.
October 4, 1933
Other
- Newspaper Excerpt
- FUND SHORT, REPORT ... supplemental report filed today in Circuit court here by the Harlan receiver the Grabill State revealed shortage Noah Amstutz ... charged himself fees without first obtaining authority ... shows discrepancy between amount charged by Amstutz as his fee ... and the amounts paid.
- Source
- newspapers
Newspaper Articles (7)
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Article Text
BANK RECEIVER NAMED. Fort Wayne, Ind., June 9. Charles R. Schrom was appointed receiver for the Grabill State bank by Judge Clarence R. MeNabb in Allen Circuit court today. He succeeds the Harlan State bank. A new receiver was necessary because the Harlan
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Article Text
FORT WAYNE JUDGE SCORES GRABILL BANK RECEIVER Declares Noah Amstutz Paid $18,000 in Fees Without Court Order Fort Wayne, Aug. Noah Amstutz for his method of ducting the of the State bank, specifically for allegedly paying himself fees without court order authorizing action, Judge Clarence McNabb late Friday recommended Amstutz that he be prepared to turn to the new Charles Schramm, with the filing his final report. Judge McNabb set Monday the time for hearing ceiver's report and declared that would entertain at that time motion for filing of final report by the original receiver and would allow time for the preparation of the report. The bearing Friday was on the physical condition of Amstutz termine whether was physically to through hearing the activities conducting the receivership. During hearing the appropriation by Amstutz of for his conducting the receivership, was brought out attorneys for new Amstutz appointed the Harlan State bank. named receiver for the Grabill State on July He relieved. however, June 1933. when the Harlan State bank, now in the hands of receiver resigned receiver for the Grabill institution. Disapproval the long period of time which been conducted. voiced by Judge McNabb at the hearing. the court declaring: doubt there is any other bank in state of Indiana which has been in progress riod of which the receivhas filed current reports. here what Amstutz has done in order that obtain to date have what has done assets the bank that other may get the money coming to An audit of the accounts of the Grabill State bank made by and Bureceiver. found the to for and for more of the assets of the bank the the original took charge. at the hearing Frifor the amount. but did not account for the attorney for that asked tell the of the order that the action may proceed. must be endJudge McNabb think this court has right hear from Mr. Amstutz what he has doing bring this action close. has worked position. but this am must begin down on hastened to that there was no cause for receiver for bank." Judge McNabb responded, that spent the order from the court. should certainly feel
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Article Text
FUND SHORT, REPORT A supplemental report filed today in Circuit court here by the Harlan receiver the Grabill State revealed shortage Noah Amstutz of who was placed charge of the affairs of Grabill bank representative of the Harlan submitted final report When Judge Clarence R. McNabb received the he Amstutz chraging for fees without first obtaining authority from Judge Gives Comment. Judge McNabb ordered supplemental report filed. This supplemental report received cording to the judge, shows discrepancy between amount charged by Amstutz as his fee for acting for and the paid to The report set forth that when two different auditing firms made reports on the they acted on the theory that the Harlan State bank for all ing into its and all the money not be for the difference charged against the Harlan State bank as receiver fees.
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Article Text
BANK RECEIVER IS SHORT IN ACCOUNTS Final Report Shows Allen Co. Official Paid Self $18,980.94 For Services WAYNE Oct in the sum revealed in the of the Harlan State report Bank as receiver for the Grabill State Bank which was submitted cuit Court late Monday supplemental final report requested by Judge McNabb when approved previous report in charge of the having charged himself than $18,000 receiver first obtaining authority The Harlan State Bank in the report that through directors Amstutz charge of and administer State Bank institution had been have been charged in sheet three receiver's fees namely $880.94 shows that fees were made out the following May January 15 1929 May $5,800 July 14. 1930 $500 March 28 1931 difference
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Article Text
RECEIVER SHORT FT. WAYNE. Ind., Oct. '4.-Shortage of the receiver in the sum of 180.94 is revealed in the supplemental final report of the Harlan State bank. as receiver for the Grabill State bank, which was submitted to Judge Clarence R. McNabb in circuit court.
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Article Text
FUND REPORTED SHORT FORT WAYNE, Ind., Oct. supplemental report filed today in Circuit court here by the Harlan State Bank received for the Grabill State Bank revealed shortage amounting $3,180.94. Noah Amstutz of Harlan, who was placed in charge of the affairs of the Grabill bank as representative of the Harlan bank, submitted final report to the court several weeks ago. When Judge Clarence R. McNabb received the report he criticized Amstutz with charging