6278. Fodor State Bank (South Bend, IN)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
state
Start Date
February 24, 1928
Location
South Bend, Indiana (41.683, -86.250)

Metadata

Model
gpt-5-mini
Short Digest
559a34f6

Response Measures

Full suspension, Books examined

Other: Receiver appointed; bank examiners later found bank solvent and it was reopened.

Description

A fake holdup staged by the paying teller (George Besnyo/Besnyo) to cover embezzlement led depositors to run on the bank (late Feb 1928). The state banking department ordered the Fodor State Bank closed (Feb 25, 1928) and a receiver was appointed (late Feb 1928). Examiners later found the shortage under $4,000 and the bank was reported reopened (reported by March 10, 1928). OCR name variants (Besmyo, Besnyo, Besnyo, Bestnyo) corrected to George Besnyo. Dates inferred from newspaper publication dates and relative phrasing.

Events (4)

1. February 24, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Run triggered by discovery/confession of a paying teller's embezzlement; staged 'fake holdup' uncovered led depositors to withdraw funds.
Measures
Heavy withdrawals preceded closure; state bank examiners were called in and the state banking department ordered the bank closed.
Newspaper Excerpt
The run followed the alleged confession of George Besmyro, 23, teller. he had robbed the bank of $4,000.
Source
newspapers
2. February 25, 1928 Suspension
Cause
Government Action
Cause Details
State banking department ordered the bank closed following the run and reported insolvency after teller's confession/defalcation.
Newspaper Excerpt
The Fodor state bank of South Bend was ordered closed today by the state banking department after heavy run on the bank yesterday.
Source
newspapers
3. February 29, 1928 Receivership
Newspaper Excerpt
Stanley J. Scheminiak ... was appointed receiver for the Fodor State bank by the St. Joseph Circuit court ... followed report ... that the Fodor bank was insolvent. The investigation followed the confession of George Besyno, clerk ... that he had defaulted $3,438 . . . .
Source
newspapers
4. March 10, 1928 Reopening
Newspaper Excerpt
The examiners found that the shortage was less than $4,000 and that the bank was solvent, so it was reopened. Judge Cyrus Patte appointed receiver. ... the bank examiners found the shortage was less than $4,000 and that the bank was solvent, so it was reopened. (Mar 10 report).
Source
newspapers

Newspaper Articles (14)

Article from The Times, February 25, 1928

Click image to open full size in new tab

Article Text

SOUTH BEND BANK CLOSED Feb. state banking today dered closing of the Fodor State bank South heavy the bank yesterday. The followed alleged fession George Besmyo, teller, that he robbed the bank of $4,000. The teller had first told story of being held up and robbed. Symons was the the of the bank the People's State bank when received concerning the heavy Symons ordered the bank closed appointed Rome B. Stephenson, Bend banker, special deputy bank examiner charge. The bank capitalized $25,000. Mrs. Fodor president and Julius Fodor was cashier. This the bank which the department has closed this year.


Article from The Call-Leader, February 25, 1928

Click image to open full size in new tab

Article Text

South Bend Bank Ordered Closed South Bend, Ind., Feb. 25 The Fodor state bank of South Bend was ordered closed today by the state banking department of ter heavy run on the bank yes. terday The run followed the al leged confession of George Bes myro, 23. teller. he had robbed the bank of $4,000. The teller at first claimed bandits had held up the bank. This was the sixth state bank to be closed by the for state banking department in 1928


Article from The Indianapolis Star, February 26, 1928

Click image to open full size in new tab

Article Text

BANK CLOSED IN RUN AFTER FAKE ROBBERY Doors of the Fodor State bank of South Bend were closed yesterday on order of Luther F. Symons, state bank commissioner, when "run" on the placed it in The followed the by Besnyo, clerk, theft of $4,000 from the bank and came just as Mr) Symons was about approve sale the bank the Peoples State bank South Bend bank has capital stock Fodor and Rome Stephenson of South Bend. deputy bank examiner, placed in charge by Mr.


Article from The Indianapolis Star, February 29, 1928

Click image to open full size in new tab

Article Text

BANK RECEIVER NAMED AFTER CLERK DEFAULTS SOUTH BEND. Ind. Feb. Stanley J. Scheminiak, secretary of the Peoples State bank, was appointed receiver for the Fodor State bank by the St. Joseph Circuit court late this The ntment followed report by Luther F. Symons, state bank commissioner, that the Fodor bank was insolvent The investigation followed the confession of George Besyno, clerk, cousin of Julius Fodor, cashthat he had defaulted $3,438. After made the the him to walk out the City hall and he has not since been


Article from The State Journal, March 3, 1928

Click image to open full size in new tab

Article Text

YOUTHFUL PAYING TELLER ARRESTED IN NEW YORK NEW YORK. March 2 (By A.P.)-A youthful former paying teller of the Fodor State Bank South Bend. Ind. was arrested when he tried to board the liner Berengaria today George Besnyo, 23, the former payhig teller, disappeared after a "fake holdup" had been staged on the bank a. week ago, in which $3,400 of the bank's funds were appropriated, sulting in run on the bank, police were informed. The bank is now in the hands of receiver.


Article from The Morning News, March 3, 1928

Click image to open full size in new tab

Article Text

BANK OFFICIAL CAUGHT AFTER FAKE HOLD-UP NEW YORK, March youthful former paying teller of the Fodor State Bank South Bend, Ind. was arrested when he tried to board the liner Berengaria today. George Besnyo, 23 years old, the former paying teller, disappeared after "fake holdup" had been staged on the bank week ago, in which $3400 the bank's funds run on the bank, The bank now in the hands of receiver. Besnyo, halted by detectives as he walked gang plank readily admitted his identity, but denied any knowledge crime. At police headquarters he refused to give any information, save that he would completely exonerated, when he told his story South Bend. He was held pending the arrival of extradition papers.


Article from Evening Star, March 3, 1928

Click image to open full size in new tab

Article Text

Ex-Teller Held in Fake Hold-up. NEW YORK. March 3 (f).-A youthful former paying teller of the Fodor State Bank at South Bend, Ind., was arrested when he tried to board the liner Berengaria yesterday. George Besnyo, 23. the former paying teller. disappeared after & "take holdup" had been staged on the bank a week ago, in which $3,400 of the bank's funds were appropriated. resulting in A run on the bank. police were informed The bank is now in the hands of & receiver,


Article from Palladium-Item, March 3, 1928

Click image to open full size in new tab

Article Text

PAYING TELLER OF SOUTH BEND BANK CAUGHT BY POLICE NEW YORK, March George Besnyo, years former teller of the Fodor State bank South Bend, Ind., was arrested when tried to board Berengaria. disappeared after holdup had staged the bank week ago which $3,400 of the bank's funds were appropriated, resulting in run the police informed. The bank is now hands of Besnyo, by he walked the gang plank, readily admitted his identity but denied knowledge of the crime. At police headquarters he refused to give information that would be completely he told story Bend. held pending the arrival of extradition papers.


Article from The Owensboro Messenger, March 3, 1928

Click image to open full size in new tab

Article Text

Former Paying Teller Caught Boarding Liner New March youthful former paying teller the Fodor State bank of South Bend, Ind., arrested when he tried to board the Liner Berengaria today. George Besnyo, 23, the former paying teller. after "fake holdup" had been staged the bank week ago, in which of the bank's funds propriated, resulting in run on the bank. police were informed The bank is now in the hands of Besnyo, halted by detectives walked the gangplank readup ily admitted his identity but denied knowledge of the crime.


Article from The Evansville Journal, March 3, 1928

Click image to open full size in new tab

Article Text

NAB CASHIER ON GANG PLANK His Bank Failed After "Hold-Up" the Central New Harmony the and Griffin and were to tangle. Heretofore regarded brilliant would into most opponthe this upon result that shifted effort not decent shot at the basket. The Bears started game nailing every the the to the the Bosse team was in an and keep of ball. displayed offensive in the Changame The Chandler the up show much against the Griffin the the SaturCity time winning Princeton's through victory in game the 24 from the In with Hazleton, winfar ahead the end Township The Trogans the closest of the burg affair Petersburg came out Dark Horses Dark merrily the for fans final Saturday night greatest the day's was Patoka's in the Princeton Owensville one of favorites the Spurgeon victory over Petersburg was tically on far the bucket Huntingburg one favorites of the but followed in the path Jasper another Dubois county which before was the lone team Dubois stay the ning Petersburg semi-finals Three others being of Pike county blood Big Upset Possibly the biggest upset the state was defeat Broad Ripple another quintet. Tech was liked win the sectional meet city The with in NEW March George old. former which scored the Fodor State bank over paying Bend arrested Terre but before when he tried board the liner its city rival Games most sections disappeared after "fake considerably during the second holdup had the ones were expected in bank police The now PIPE CODE CASE the hands detectives walked gang readity admitted identity denied HEARING HELD knowledge crime police headquarters he refused to give any save that he would completely exonerated held pending the arrival of extradi- Alleged Violator Is tion


Article from The Call-Leader, March 3, 1928

Click image to open full size in new tab

Article Text

MISSING SOUTH BEND TELLER IS CAPTURED New York. March youthful former paying teller of the Fodor State bank of South Bend. Ind., was arrested when he tried to board the liner Beregnaria today. George Besnyo. age Twenty-three the former Paying Teller. disappeared after a "fake hold up" had been stanged at the bank a week ago. in which $3,500 of the bank's funds were appropriated. resulting in run on the bank. police were inform ed. The bank is no win the hands of receiver Besnyo halted by detectives as be walked up the gang plank. readily admitted his identity but denied knowledge of the crime At police headquarters he refused to give any information save that he would be completely exonerated when he told his story in South Bend. He was held pending the arrival of extradition papers A Good Thing to know-Remember It Mrs. Mary B- (name furnished) San Francisco, Calif.. says that "Foley Pills diuretic very quickly stopped bad pain in my back, and where used to lie awake at night with rheumatic pains, I now sleep in comfort, and enjoy a good night's rest." No one should suffer backache, rheu matic pains, sleep disturbing kidney and bladder ailments, when Foley Pills diuretic may be SO easily had and at SO small a cost. Sold every where. tu-th-sat DeHority. 116 North Anderson street,


Article from Anderson Daily Bulletin, March 3, 1928

Click image to open full size in new tab

Article Text

TELLER APPREHENDED New York, March Besnyo, age 23, former paying tellof the Fodor Bank, of South Bend, Ind., was arrested when he tried to board the liner Berengaria. Besnyo disappeared after "fake" holdup had been staged at the bank week ago in which of the bank's funds were appropriated, resulting in run the bank. police informed. The bank is now in the hands of receiver. Besnyo, halted by detectives as he walked up the gang plank, read ily admitted his identity. but denied knowledge of the crime. At police headquarters he refused to give any information that he would be completely exonerated when he told his story in South Bend. He was held pending the arrival of extradition BOILED EGGS. Plunge boiled eggs into cold wa ter, and you will find the shells peel off easily.


Article from The Anderson Herald, March 3, 1928

Click image to open full size in new tab

Article Text

Youth Boarding Liner Arrested For South Bend NEW YORK, March youthful former paying teller of the Fodor State Bank of South Bend, Ind., wah arrested when he tried to board the liner Berengaria today. George Beanyo, 23, the former pay. ing teller, disappeared after a "fake hold up" had been staged on the bank week ago, in which of the bank's funds were appropriated, resulting in run on the bank, police were informed. The bank is now in the hands of receiver. Besnyo, halted by detectives as he walked up the gang plank, readily admitted his identity but denied knowledge of the crime. At police headquarters he refused to give any information save that he would be completely when he told his story in South Bend. He was held pending the arrival of extradition papers.


Article from Biddeford-Saco Journal, March 10, 1928

Click image to open full size in new tab

Article Text

FUGITIVE SHOT RUNS HIS AUTO INTO SUBWAY SLEUTHS AS DOCKMEN SEIZE TELLER Bankman's Getaway Is Escapes from Officer He Had Halted After Staging Tried To Kill. Holdup. New York, March stolen its driver apparently wounded by one of three shots fired by pursuing patrolman, lungand rocked northward through Eight avenue, knocked down a man carrying an armful of bread, and blundered into fifteen-foot. subway excavation between Fortieth and Forty-first streets. The driver, tall, fat man, escaped. Eight hours later police of the West street station found an unconscious man at the foot of thirty-foot excavation at the northwest corner of Eighth avenue and Forty-second street. He was of medium height and weighed 135 pounds. The police said he was not the driver of the stolen At Bellevue, where he was taken, it found that he had fractured skull and internal injuries. He said to Joseph Romanoff, 35 years of age, of 305 West Fortieth street. was in Thirty-fifth street, near Eighth avenue, that Edward Spaeth of the West Thirtieth street station first saw the tall, fat man. He was acting suspiciously front of loft building, and Spaeth approached him. The man ran to parked car and attempted to run the patrolman, who leaped back to safety against railing above thirty-foot drop into the subway. The automoblie turned northward Eighth avenue, nearly dropped into the excavation couple times, and knocked down Samuel Herzog of 4,121 Third avenue, the Bronx, who was delivering an arm load of bread near Fortieth street. Herzog taken to Bellevue pital with bruised legs. Spaeth fired three times at the speeding At Fortieth street the automobile dodged milk wagon and plunged between two red the way cut. All of Spaeth's shots had taken effect. One had gone into the gasoline tank, one into the rumble seat, and the third struck the top. The bullet which hit the top apparently richocheted downward into the drivfor it could not found and there of blood on the was pool seat. The automobile had been stolen from Miss Ethel Kitt Liberty She had avenue, ported its loss headquarters before the chase in avenue. New York, March men in working clothes mingled all day with the longshoremen hustling freight and baggage aboard the Cunard liner Berengaria at the foot of West Fourteenth street. They did not handle any crates or cases but spent their time scanning closely all came on the pier with suitcases and grips. Late in the afternoon smartly dressed man with his young suitcase labeled for second-class passage to Cherbourg came through the "That's him," said one of the men, and the three closed round the newcomer. "Mr. Bestnyo, isn't one asked and when the man with the suitcase admitted that was his name he was told by Detective the marine division and Captain Vaughn and Operative Larimore the William Burns International Detective Agency, the pseudo longshoremen, that he was under arrest and wanted by the police of South Bend, Ind., for embezzlement. At police headquarters, the detectives say, Bestnyo admitted his guilt and told an amazing story of how he had staged fake bank hold-up his defalcations and when the officials of the bank became suspicious and called in the state bank examiners he fled from the city. Bestnyo, whose first name George, came here from Hungary after the war, He got position in the Fodor State bank in South Bend and rose to be paying teller. According to the police he gambled and his accounts short $3,400. Then he arranged the fake hold-up. The bank's depositors, mostly Hungárians, caused on the bank and the institution closed temporarily and Judge Cyrus Patte appointed receiver. The bank examiners found that the shortage was less than $4,000 and that the bank was solvent, so it was reopened. The Burns agency notified and watch was set on all ships sailing for Europe.