La Grange County Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1934*
Location: Lagrange, Indiana (41.642, -85.417)

Metadata

Model: gpt-5-mini
Short Digest: f00bf6d4

Response Measures

None

Description

Article reports the bank's failure and criminal indictments against its secretary/treasurer for converting Liberty bonds. No explicit mention of a depositor run; the event appears as a failure/closure tied to bank-specific malfeasance.

Events (2)

1. January 1, 1934* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure tied to alleged conversion of Liberty bonds by the trust company's secretary/treasurer (indictments for converting bonds).
Newspaper Excerpt: following failure the Lagrange County Trust
Source: newspapers

2. January 9, 1934 Other

Newspaper Excerpt: Rollo Walter ... secretary and treasurer of the trust company, charged ... converting Liberty bonds without consent Mrs. Sabra Bogue and crediting the amount ... indictment alleges that woman had number of the bonds until bank pended that Mrs. Bogue learned that bonds had been converted, according to the charges. trying similar case against Walter last spring failed to return verdict.
Source: newspapers

Newspaper Articles (1)

1. January 9, 1934 The Indianapolis Star Indianapolis, IN

Article from The Indianapolis Star, January 9, 1934

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Article Text

DELAY WALTER TRIAL. Ind., Jan. of Rollo Walter Lagrange, mer state senator, on one of fifteen indictments returned against following failure the Lagrange County Trust was postponed until The delay because defense counsel had to appear in anWalter, who secretary and treasurer of the trust company, charged in the under which he will face trial Thursday with number Liberty bonds without consent Mrs. Sabra Bogue and crediting the amount indictment alleges that woman had number of the bonds until bank pended that Mrs. Bogue learned that bonds had been converted, according to the charges. trying similar case against Walter last spring failed to return verdict.