6080. Peoples State Bank (Michigantown, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 23, 1931
Location
Michigantown, Indiana (40.326, -86.393)

Metadata

Model
gpt-5-mini
Short Digest
ce68738f

Response Measures

None

Description

State banking department (commissioner Luther Symons) took charge of the Peoples State Bank following the suicide of the cashier, indicating a government takeover/suspension with a receiver/department in charge. No mention of depositor run or reopening in the articles.

Events (2)
1. December 23, 1931 Receivership
Newspaper Excerpt
the state banking department ... 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
2. December 23, 1931 Suspension
Cause
Government Action
Cause Details
State banking department (commissioner Luther Symons) took charge of the bank following the cashier's suicide.
Newspaper Excerpt
the state banking department, Michigantown, Clinton county today, Luther Symons, banking take charge the affairs of the Peoples State Bank there.
Source
newspapers

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

Click image to open full size in new tab

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

Click image to open full size in new tab

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