Article Text
BANK HELD FOR EMBEZZLEMENT MT. VERNON, Ind., Glenn, for the closed Waters First National Bank Posyville, under today federal charging George Evansville, was appointed his successor.
6215. First National Bank (Poseyville, IN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 7036
- Charter Number
- 7036
- Start Date
- January 1, 1932
- Location
- Poseyville, Indiana (38.170, -87.783)
Metadata
- Model
- gpt-5-mini
- Short Digest
8c10f708
Response Measures
None
Description
Articles (Dec 5, 1933) state the First National Bank of Poseyville has been closed and had a receiver (Lee Glenn) in place since January 1, 1932. No run is mentioned. The closure appears permanent with a receiver and subsequent criminal charges for embezzlement against the receiver.
Events (4)
1.
November 14, 1903
Chartered
- Source
- historical_nic
2.
November 22, 1930
Voluntary Liquidation
- Source
- historical_nic
3.
January 1, 1932
Receivership
- Newspaper Excerpt
- Lee Glenn, receiver for the closed First National Bank of Poseyville, since January 1, 1932, Tuesday was federal prisoner ... charged with embezzling $3,000 of the bank's funds.
- Source
- newspapers
4.
January 1, 1932
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank was closed and placed in receivership; articles report alleged embezzlement of $3,000 of the bank's funds (receiver accused).
- Newspaper Excerpt
- Lee Glenn, receiver for the closed First National Bank of Poseyville, since January 1, 1932
- Source
- newspapers
Newspaper Articles (3)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
Disabled Vet Sends for Xmas Party CLOSED BANK RECEIVER HELD Two Tots Realize Long Ambition to Give to Fund CHRISTMAS PARTY FUND Previously $152.63 Joseph Keith Welborn Poseyville Official Accused of Joan Harrell 1.00 Embezzling $3,000 Disabled Vet Total $155.63 Lee Glenn. receiver for the closed First National Bank of Poseyville, since January 1, 1932, Tuesday was federal prisoner in the Vanderburgh county jail, charged embezzling $3,000 of the bank's funds. Glenn preliminary hearing and is in jail in default of $5,000 William J. Large the office of the U. currency. in Poseyville Tuesday investigating circumstances surrounding the Glenn is former assistant cashier Dahlgrin, bank and acted as receiver for several banks. Every year for years and years Disabled has sent dollar boost the Courier and Journal fund. Here his 1933 disabled vetean the world share earthly goods to the extent dollar every year give some child you and can share with the little and you ones Such little amount of money provide happiness Children who will attend big party Christmas time will remember throughout the years of Nothing will ever able dim the memory supreme happilovely toy and fruit and candy from Santa Claus the midst of the gay party the Christmas tree will rise great tically. crowned the brilliant star. symbolic star when the Christ was Let the Christmas star this year CONTINUED ON PAGE EIGHT
Click image to open full size in new tab
Article Text
Disabled Vet Sends $1 for Xmas Party CLOSED BANK RECEIVER HELD Poseyville Official Accused of Embezzling $3,000 Lee Glenn. receiver for the closed First National Bank of Poseyville, since January 1, 1932. Tuesday federal prisoner in the Vanderburgh county jail, charged with embezzling $3,000 of the bank's funds. Glenn waived preliminary hearing and is in jail in default of $5,000 William J. Large of the office of the U. comptroller Poseyville Tuesday investigating circumstances the Glenn former assistant cashier of Dahlgrin, bank and has acted as receiver for several banks.