5721. First State Bank of Griffith (Griffith, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1915*
Location
Griffith, Indiana (41.528, -87.424)

Metadata

Model
gpt-5-mini
Short Digest
317fb064

Response Measures

None

Description

The articles describe the First State Bank of Griffith having been closed around 1915 after the alleged defalcation by its president (Ross M.). The bank was placed in receivership and creditors/depositors received final distributions (Aug 1919). Later 1920 notices relate to the ongoing receivership and claims by stockholders. No run is described in the articles.

Events (3)

1. January 1, 1915* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after defalcation/embezzlement by the bank's president (referred to as Ross M. absconding).
Newspaper Excerpt
When the Griffith bank was closed just four years ago ... to overcome the defaication of Ross M., the absconding president.
Source
newspapers
2. August 6, 1919 Receivership
Newspaper Excerpt
The mail today carries to the depositors of the First State Bank of Griffith checks representing a final payment of 16 2-3 per cent as previous payments of 83 1-3 per cent have been made, all of the depositors and creditors have now been paid 100c on the dollar.
Source
newspapers
3. April 27, 1920 Other
Newspaper Excerpt
NOTICE TO STOCKHOLDERS: Pursuant to the order of the Lake Superior Court ... notice is hereby given by the undersigned Receiver of the First State Bank of Griffith ... to file ... verified claims of such ownership of shares ... Dated April 27, 1920. FIRST TRUST & SAVINGS BANK, formerly Lake County Savings & Trust Co., Rec. First State Bank of Griffith, Indiana. By PETER W. MEYN, President.
Source
newspapers

Newspaper Articles (5)

Article from The Lake County Times, August 6, 1919

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Article Text

Lake Co. Savings & Trust Co. Makes Unusual Record In Bank Receivership. The mail today carries to the depositors of the First State Bank of Griffith checks representing a final payment of 16 2-3 per cent as previous payments of 83 1-3 per cent have been made, all of the depositors and creditors have now been paid 100c on the dollar.


Article from The Lake County Times, August 6, 1919

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Article Text

Industrial Autocracy Is Atta Selling First Food Boug GRIFFITH BANK CREDITORS RAILROAD GET 100 ON THE DOLLÁR UNION CHIEF When the Griffith bank was closed just four years ago the belief was general that it would be necessary to make Lake Co. Savings & Trust Co. an assessment against the stockholders to overcome the defaication of Ross M. IS AROUSED Makes Unusual Record In Logan, the absconding president. From the beginning, however, the case had the personal attention of bank president Bank Receivership. Peter W. Meyn. Secretary David T Says What Worker Receives In Emery and Charles L. Surprise, as special receivership assistant, and as a result not a depositor will lose a cent. no The mail today carries to the deposiWages He Must Spend tors of the First State Bank of Griffith assessment of the stockholders will be checks representing a final payment of necessary and there will be a small surplus left for the stockholders. 16 2-3 per cent as previous payments of for Necessities. McMahon & Conroy of Hammond have 83 1-3 per cent have been made, all of been the attorneys for the receiver the depositors and creditors have now throughout the proceedings. been paid 100c on the dollar. (BULLETIN.)


Article from The Lake County Times, April 28, 1920

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Article Text

NATHAN MIGATZ. Executor. McMAHON & CONROY, Hammond; Indiana, 4-28Attorneys for Executor. STATE OF INDIANA, COUNTY OF LAKE, SS: IN THE LAKE SUPERIOR COURT. STATE, ex rel Auditor. VS. FIRST STATE BANK OF GRIFFITH. No. 137291. NOTICE TO STOCKHOLDERS: Pursuant to the order of the Lake Superior Court. in the above entitled cause, entered on the 22nd day of October, 1919, notice is hereby given by the undersigned Receiver of the First State Bank of Griffith. Indiana, to all shareholders and bona fide owners and holders of shares of the capital stock in the First State Bank of Griffith, Inidana, to file with the Receiver at its office in Hammond, Indiana, within sixty (60) days from the date of publication of this notice, their verified claims of such ownership of shares of the capital stock in the said First State Bank of Griffith, and any shareholder that fails to file their said claim as such shareholder, with the Receiver within said time, are each forever barred and precluded from participating in the distribution of any residue of assets. Dated April 27, 1920. FIRST TRUST & SAVINGS BANK, formerly Lake County Savings & Trust Co., Rec. First State State Bank of Griffith, Indiana. By PETER W. MEYN, President. McMAHON & CONROY, 4-28Attorneys for Receiver.


Article from The Lake County Times, May 5, 1920

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Article Text

STATE OF INDIANA. COUNTY OF LAKE, SS: IN THE LAKE SUPERIOR COURT STATE, ex rel Auditor, VS. FIRST STATE BANK OF GRIFFITH. No. 137291. NOTICE TO STOCKHOLDERS: Pursuant to the order of the Lake Superior Court. in the above entitled cause. entered on the 22nd day of October. 1919. notice is hereby given by the undersigned Receiver of the First State Bank of Griffith. Indiana, to all shareholders and bona fide owners and holders of shares of the capital stock in the First State Bank of Griffith. Inidana. to file with the Receiver at its office in Hammond, Indiana. within sixty (60) days from the date of publication of this notice, their verified claims of such ownership of shares of the capital stock in the said First State Bank of Griffth. and any shareholder that fails to file their said claim as such shareholder. with the Receiver within said time. are each forever barred and precluded from participating in the distribution of any residue of assets. Dated April 27. 1920. FIRST TRUST & SAVINGS BANK. formerly Lake County Savings & Trust Co., Rec. First State State Bank of Griffth. Indiana. By PETER W. MEYN, President. McMAHON & CONROY, Attorneys for Receiver. 4-28-


Article from The Lake County Times, May 12, 1920

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Article Text

IN CLASSIFIED ADVERTISEMENTS THE TIMES "ARE WORTH TRYING" cause entered on the 22nd day of Octobfee simple in and to said real estate, or NOTICE. For Sale-Miscellaneous. For Sale-Automobiles. Male Help-Wanted. Wanted-Female Help. so much thereof as may be sufficient to er, 1919, notice is hereby given by the WANTED-Solicitor for laundry and FOR SALE-Large variety of trunks, satisfy said judgment. interest, costs undersigned Receiver of the First State WANTED strippers at once. Homo After this date the rate for bags and suit cases. Lesser Loan dry cleaning. One who can handle Storage Batteries charged, Bank of Griffith, Indiana, to all shareand accruing costs. Said sale will be Cigar Co., 520 Chicago ave., E. Chicago. Bank. 65 State st., Hammond. 2-17-tf small delivery truck. Calumet Laundry 5-6-tf classified advertising will be 10 made without relie ffrom valuation or holders and bona fide owners and holdrented and repaired. The Co. 1707 137th St., Indiana Harbor 5-10-6t FOR SALE-Unredeemed Diamonds and appraisement laws. ers of shares of the capital stock in the WANTED - Women for light clean cents per line with a minimum Dempsey Battery Service, Railroad Watches. Lesser's Loan Bank, First State Bank of Griffith, Inidana, to work; 30c an hour, 9-hr. day, and carTaken at the property of Andy MaWANTED-Man: experienced block mak65 State st., Hammond. Open evenings. fare. Kennedy Laundry, 112th and Cotfile with the Receiver at its office in charge of 30 cents. Hammond, 318 Fayette st., Hammond, tuga, et. al., at the suit of Gostlin Meyn 1-9-tf er. Good pay, day or piece work. John tage ave., phone Pullman 2927. 4-26-tf 8-81-55 81-1 Hammond. Indiana, within sixty (60) Yonko Co., 140th and Carey st., phone and Company, a corporation. Ird., March 31. phones 2655, 1240-R. 4-5-ebd FOR SALE-Scratch pads. Times office. Ind. Harbor 187. days from the date of publication of LADIES-We teach hairdressing, marLEWIS E. BARNES, 3-30 Hammond bldg., Hammond. celing, beauty culture quickly and this notice, their verified claims of such RENEWED AUTOS FOR SALE. Sheriff Lake County, Ind. place you in good position a big salary. NOTICE TO Two FORD 1-TON TRUCKS: worm FOR SALE- Kindling wood. Indiana ownership of shares of the capital stock Write MOLER COLLEGE, 105 S. Wells Real Estate Bargains drive, overhauled, repainted. closed cabs, 5-1-tf NOTICE OF ADOPTION OF RESOBox Co., E. Chicago, in the said First State Bank of Griffith. 5-8-6t. st., Chicago. CLASSIFIED 9 ft. express bodies. Like new. GuarLUTION. and any shareholder that fails to file anteed 90 days. FOR SALE-Quarter oak dining table ADVERTISERS. WANTED- Woman to clean house, also DEPARTMENT OF PUBLIC WORKS. FOR SALE: Up-to-date One 1919 FORD. 5-pass; reconstructtheir said claim as such shareholder and siz fumed oak leather seated dinto do cleaning two days each week ed: refinished, new top. All classified advertising must be paid OFFICE OF THE BOARD, EAST ing chairs and ladies writing desk 45 with the Receiver within said time, are (Colored or white). Call 307 Michigan Modern Home, East Chi1917 FORD, 5-pass: reconstructed, reZachau Ove., Hammond. 5-8-11 for before 12:00 o'clock on the day of CHICAGO, INDIANA avenue, Hammond. Mrs. W. A. Killen. each forever barred and precluded from ,nished, new top. good tires. 5-10-3t TO WHOM IT MAY CONCERN: publication, beginning October 1st. All cago, 50 ft. lot, built three 1917 FORD roadster. with delivery participating in the distribution of any FOR SALE-The household goods of box: good mechanical condition those who have monthly accounts are Notice is hereby given by the Board Mrs. Nick Lauer on Wednesday everesidue of assets. WANTED-Girls with or without ex1917 FORD roadster: new fenders. years ago, yard part lawn, ning 7:30. May 12. 122 North Hohman of Public Works of the City of East excepted. Phone advertisements will be perience. to work in a Restaurant Dated April 27, 1920. radiator, reconstructed A buy. St., Hammond Sold by Good hours. Good salary Whiting Resaccepted as usual, but they must be Chicago, Lake County, Indiana, that on FIRST TRUST & SAVINGS BANK 1918 FORD coupe; refinished, renewed WALTER G. WOLF, part for gardening, cash buy 5-10-3 taurant. Whiting. mechanically 5-10-3t paid for before 12:00 o'clock the 3rd day of May. 1920. they unaniAdministrator. formerly Lake County Savings & $6,500. Inquire East Chica1919 CHEV ROLET "490": new tires, mously adopted a Declaratory ResoluTrust Co., Rec. First State State WANTED-Lady operator for electric FOR SALE-Reed Go-Cart like new. 516 refinished, run 3500 miles, new top. elevator Experience not necessary E. tion for the vacation of the twenty (20) Bank of Griffith. Indiana. 1920 1-ton Famous truck: new GoodWentworth Ave, West Hammond. go Times, Calumet building. C. Minas Co. Hammond. 5-10-3t 4-20-tf Wanted-Male Help. foot east and west alley in Block TwenPhone 1071J. rich cord tires 35 5. closed cab and hog 5-10-2t By PETER W. MEYN, President or cattle pack, combination body, runs ty-two (22), Calumet Addition to East McMAHON & CONROY. WANTED-Laundress. Call Hammond like new FOR SALE- Black reed baby cab. comb FOR SALE 4-flat brick bldg. Best 1612. 605 Forsythe Ave., West Ham Chicago, Indiana, in the Southeast Quar4-28Attorneys for Receiver. WANTED-Men for switch1916 AUBURN, 4-cyl., 5-pass.; pervacuum cleaner and carpet sweeper residence district in Ind. Harbor. For mond. 5-10-3t ter (S E 141 of Section Twentv-eight with 2611 and walker Truman fect condition