Bozeman Waters National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8149
Charter Number: 8149
Start Date: December 5, 1933
Location: Poseyville, Indiana (38.170, -87.783)

Metadata

Model: gpt-5-mini
Short Digest: a1cc8fa2

Response Measures

None

Receivership Details

Depositor recovery rate: 34.6%
Date receivership started: 1933-02-13
Share of assets assessed as good: 3.4%
Share of assets assessed as doubtful: 81.9%
Share of assets assessed as worthless: 14.7%

Description

No newspaper article mentions a depositor run. The bank had a federal receiver appointed (Dec 5, 1933) and proceedings/indictment/conviction of that receiver for embezzlement follow in 1934, indicating the bank was in receivership/closed. Classified as suspension_closure (suspension/closure with receiver).

Events (6)

1. March 24, 1906 Chartered

Source: historical_nic

2. November 22, 1930 Voluntary Liquidation

Source: historical_nic

3. February 13, 1933 Receivership

Source: historical_nic

4. December 5, 1933 Receivership

Newspaper Excerpt: George Bittler, former local bank president, has been appointed receiver for the Bozeman Waters National bank at Poseyville, succeeding Lee Glenn, who is a Federal prisoner here, charged with embezzling $3,000 of the bank's funds.
Source: newspapers

5. March 13, 1934 Other

Newspaper Excerpt: INDIANAPOLIS. March 13.-(P) Lee Glenn, receiver for the Bozeman Waters National bank at Poseyville, was indicted for embezzlement of $1,6600 by a federal grand jury...
Source: newspapers

6. April 10, 1934 Other

Newspaper Excerpt: Lee Glenn, 46 years old, former receiver of the Bozeman Waters National Bank of Poseyville, pleaded guilty to embezzlement of $1,600 the institution's funds and was sentenced to year and a day in Federal Court here.
Source: newspapers

Newspaper Articles (4)

1. December 6, 1933 The Call-Leader Elwood, IN

Article from The Call-Leader, December 6, 1933

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Article Text

BANK RECEIVER HELD. Evansville, Ind, Dec. 5. George Bittler, former local bank president, has been appointed receiver for the Bozeman Waters National bank at Poseyville, succeeding Lee Glenn, who is a Federal prisoner here, charged with embezzling $3,000 of the bank's funds. Glenn, who has acted as receiver for seevral banks, waived preliminary hearing and is held in default of $5,000 bonds. When you are in want of anything, try our Want Ad column.

2. March 13, 1934 Princeton Daily Clarion Princeton, IN

Article from Princeton Daily Clarion, March 13, 1934

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Article Text

POSEYVILLE BANK RECEIVER INDICTED INDIDANAPOLIS. March 13.-(P)Lee Glenn, receiver for the BozemanWaters National bank at Poseyville, was indicted for embezzlement of $1.6600 by a federal grand jury, reporting yesterday at Indianapolis. He will be arraigned Wednesday, March 21.

3. March 13, 1934 Evansville Press Evansville, IN

Article from Evansville Press, March 13, 1934

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Article Text

BANK RECEIVER FACES U.S. CHARGES Lee Glenn Accused of Taking $1600 at Poseyville An indictment charging embezzleof $1600 was Tues by the federal grand jury at Indianapolis Lee Glenn, former receiver for the Bozeman Waters National Bank, Poseyville, Ind., according to United Press. Glenn scheduled for arrangeat Indianapolis Mar. The grand jury returned 61 indictments. Marshall Britton and Patrick McQuese indicted for interstate transportation of autos. They are alleged have brought stolen from Lexington, Ky., to EvansOrman Carter and Thereon Haines were indicted for burglary of the Griffin Post Office. Charles E. Klaser, William C. Coleman and James L. Brown were indicted for theft of $2500 worth of interstate merchandise from R C. and E. frieght car here. William Helfrich. John Seegar and Frederick Groeninger, Evansville, and Thruman Miles and Claude Lynnville, Ind., were indicted for operating stills. accidentally shot to death by his brother, John, while the two are shooting rats

4. April 10, 1934 The Indianapolis Star Indianapolis, IN

Article from The Indianapolis Star, April 10, 1934

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Article Text

Former Poseyville Bank Receiver Gets Sentence EVANSVILLE Ind., April Lee Glenn, 46 years old, former receiver of the Bozeman Waters National Bank of Poseyville. pleaded guilty embezzlement of $1,600 the institution's funds and was sen. tenced to year and day. in Fed. eral Court here