Citizens National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7496
Charter Number: 7496
Start Date: September 10, 1927
Location: Tipton, Indiana (40.282, -86.041)

Metadata

Model: gpt-5-mini
Short Digest: 560943e5

Response Measures

None

Description

Article (Tipton Daily Tribune, 1927-09-10) states the Citizens National Bank has a temporary receiver and failed to file a report. No mention of a depositor run or reopening; indicates receivership/closure by court action. I classify this as a suspension leading to closure/receivership (suspension_closure).

Events (3)

1. November 30, 1904 Chartered

Source: historical_nic

2. September 10, 1927 Other

Newspaper Excerpt: Because the Citizens National Bank, temporary receiver, has failed to file report ... the defense wished an the inventory report and check at the plant with disinterested.
Source: newspapers

3. September 10, 1927 Receivership

Newspaper Excerpt: Because the Citizens National Bank, temporary receiver, has failed to file report of Attorney Glen Gifford, representing the defendants, asked indefinite continuance.
Source: newspapers

Newspaper Articles (1)

1. September 10, 1927 The Tipton Daily Tribune Tipton, IN

Article from The Tipton Daily Tribune, September 10, 1927

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Article Text

Shear Company Case Carried Other Items of Interest. The legal between and others and William Matern and Louis Aftergood, in which Davis attempting to regain possession of the Tipton Shear factory, failed to materialize in circuit court Saturday, the date set for the hearing for manent receiver. Because the Citizens National Bank, temporary receiver, has failed to file report of Attorney Glen Gifford. representing the fendants. asked indefinite continuance. Gifford also told Judge Mount and Attorneys Kemp and representing the plaintiffs, that the defense wished an the inventory report and check at the plant with disinterested The request was granted. The case the outgrowth of leged failure of Matern and good to fulfill an agreement to buy the company. They failed to live up to the original agreement and sign the contract, it is charged, but operated the factory for time. The plant now idle, pending outcome the litigation, and Matern and good are opening new cutlery tory in the McIntosh building on Ash street. No hearing of the pending filing of inventory. James and George Robinson, operating at Robinson Brothers, faulted and judgment of with attorney fees, was awardthe Peet Stock Remedy Company account. B. Leavell was given judgment of on complaint on note, and foreclosure of mortgage was ordered on default of Carrie Brogdon. In the case of Charles Spencer against Faulty Baughman, the defendefaulted and judgment of attorney fees was ordered, on mechanlien. Judgments and awarded R. H. Lett in action against Clarence Jarrett, on open counts. The divorce action of Lewis Small against Alice Small was dismissed. Because the defendant has died since the action was started, the vorce case of Ruby Mae Love against Byron Leroy Love was dismissed. Love committed suicide. Dismissal was entered on the dockin three cases against Herbert Turnbell. Nina Frances DeFord dropped action for personal damand Robert DeFord dismissed asking personal damages and property damages. Finding that the defendant the of another man at the she married Thomas Hunter, the court annulled the bonds of matrimony that bound Hunter and Dorothy Hunter. Hunter brought court action to set aside the marriage when he discovered that his wife was bigamist. Request for allowance pending trial was filed by the defendant in the divorce case of Charles W. against Sowers. Frank Suite appointed guardian of Walter A. Suite, on tition of Ethel Suite. Walter Suite is now confined to the Central Hospital for the Insane. Bond was fixed at $2,500. Answers in general denial were filed by Elvira Myerly and Silar R. Myerly in the petition of Alonzo Carto have guardians appointed penter for them. Ezra of Taylor township. Howard county, was named the third drainage commissioner on Springer ditch repair and, change program, petitioned by Kelly and John Peters. The qualify at the clerk's office here on Sept. and port 21. Court will swing into action when couple of civil day several divorce actions will be heard. Mrs. Roy Robbins of Greensburg, who has been visiting with Newman and family here two will return home Sunday.