6405. Williamsport State Bank (Williamsport, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 18, 1928
Location
Williamsport, Indiana (40.288, -87.294)

Metadata

Model
gpt-5-mini
Short Digest
80df91dc

Response Measures

None

Description

The Williamsport State Bank was closed January 18, 1928 and a receiver was appointed (report dated Jan 30, 1928). Failure attributed to frozen assets and heavy real estate holdings; officers later indicted. The bank remained in receivership and was being liquidated as of June 1928.

Events (2)

1. January 18, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure attributed to frozen assets and heavy real estate holdings with depressed values; subsequent indictments of officers for negligence.
Newspaper Excerpt
When the Warren County bank was closed, January 18, its failure attributed to frozen assets and heavy real estate holdings depressed ... On January 30, Williamsport State bank was appointed receiver
Source
newspapers
2. January 30, 1928 Receivership
Newspaper Excerpt
On January 30, Williamsport State bank was appointed receiver ... report depositor's listed assets 158 and liabilities at $438,912.99. Paper of doubtful value was declared to total $56,750.88 Following the indictment ... bonds were $20,000 respectively ... the receiver of the defunct Warren county bank covering the receipts to May 16, 1928 ... Approximately $87,000 has so far been received from the wreck.
Source
newspapers

Newspaper Articles (3)

Article from Evansville Courier and Press, March 11, 1928

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Article Text

be irregular. Mankey failed to bond and is in the Warren county SYMONS ARRESTED at Williamport. FACES FIVE COUNTS Mankey understood to have been indicted on five counts, three alleging IN BANK FAILURE he borrowed money while an officer Rossiter is with charged having held an overdraft AT WILLIAMSPORT Faith in Mr. Symons and his department was reiterated today by C. Oliver Holmes of Gary president of the Indiana Bankers association when informed Symons had been inBank Commissioner, Indicted dicted. "After considering all available for Negligencee, Released facts, and particularly recent liquidaon $500 Bond tions. said, "the officers of the bankers' association see no reason whatever for regretting the action of Luther F. Symons, bank com- the midwinter meeting of the assomissioner, was placed under arrest ciation. The council of administrahere this afternoon an indictment tion, recommendation of the betcharging official negligence in con- ter banking practices committee, nection with the failure of the War clearly its entire confidence in ren county at Williamsport. He the and policies of the was the third to be indicted, true banking department.' bills having been returned by Warren county grand jury March against Warfen Mankey former cashNEGRO MORTALLY the bank and Chester G. Rossiter, former vice president. Symons was released on $500 bond following the arrest, by Sheriff Sam Cole of Williamsport The bank WOUNDED AFTER and his deputy, Thomas Barr. recently were indicted on charges of official negligence in connection with the failure of the American Trust company at Ko- ESCAPING PRISON komo BANK NAMED RECEIVER When the Warren County bank was closed, January 18, its failure attributed to frozen assets and heavy real estate holdings depressed January 30, Williamsport State bank was appointed report depositor's listed assets 158 and liabilities at $438,912.99 Paper of doubtful value was declared to total $56,750.88 Following the indictment and arrest of and Rossiter. their bonds were $20,000 respectively, but later Mankey's bond was changed after jury had been the calling (Continued From Page One) tiary were sent to the guard's reslThere they found the negro and Folk opened fire, Whitfield in the abdomen. USES BUTCHER KNIFE The officer's gun Jammed but after fierce hand to hand encounter, he subdued Whitfield and concealing the of his weapon. was forchim down stairway when the negro whipped butcher knife from new clothing and renewed the attack Folk was forced to and Whit- brought down by a charge from a don Finally the hunt, heralded shotgun the hands of Bonzo. the United States, came He was taken to the penitentiary to an end in Detroit when fellow hospital where an operation was per- worker in lumber yard recognized formed. Physicians said his gall Whitfield's picture in newspaper bladder had been shot away and that and revealed him to police. Tried in he was sent to the for but said he live sev- Negotiations for the bribe, Hill said, recovery might eral days were made by woman whose KILLED PATROLMAN he refused divulge Whitfield kilied Dennis Griffin, Hill said the woman made the plans Cleveland patrolman, in May, 1923, for the escape and informed him that after he had been arrested for the all was in readiness by a pre-arranged theft of spark plugs. The officer's body was found two days later in shallow grave near Cleveland while police throughout Ohio and surrounding states were searching for the negro. The trail led to Toledo, thence to Chicago on to Madison. Wis.,


Article from The Evansville Journal, March 11, 1928

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be irregular. Mankey failed to bond jail at and in the Warren county SYMONS Williamport. FACES FIVE COUNTS Mankey is understood to have been indicted on five three alleging he had overGrafts when he was IN BANK FAILURE he unlawfully borrowed while money an officer. Rossiter is charged with having held an overdraft Faith in Mr. Symons and his deAT WILLIAMSPORT partment was reiterated today by Oliver Holmes of Gary president of the Indiana Bankers association when informed Symons had been inBank Commissioner, Indicted dicted. "After considering all available for Negligencee, Released facts, and particularly recent liquidations," he said, "the officers of the on $500 Bond bankers' association see no reason whatever for regretting the action of Luther F. Symons, state bank the midwinter meeting of the assomissioner was placed ciation. The council of administrahere this afternoon an tion, on of the betcharging official negligence in ter banking practices committee. nection with the failure the War stated clearly Its entire confidence in bank at Williamsport He the administration and policies of the ren was the to be true banking bills been Warren county grand jury March against Warren Mankey NEGRO MORTALLY ter, former vice president Symons was released on $500 bond following the arrest, made by Sheriff Sam of Williamsport The bank WOUNDED AFTER commissioner and his deputy Thomas Barr recently were on charges of official negligence in connection with the failure of American Trust company at Ko- ESCAPING PRISON (Continued From Page One) BANK NAMED RECEIVER When the Warren County bank was closed. January 18, its attributed to frozen and heavy real holdings de- Hary were sent to the guard's restpressed values On January 30, dence Williamsport State bank was There they found the negro and pointed receiver report of Folk opened fire, wounding Whitfield positor's committee in the abdomen and liabilities at $438.- USES BU TCHER KNIFE doubtful The officer's gun but after declared total $56,750.88 fierce hand to hand encounter. he Following the indictment and ar- subdued Whitfield and concealing rest of Mankey and Rossiter. their the condition of his weapon. was forcbonds were fixed at $20,000 and ing him down stairway when the $4,000 respectively, but later Man- negro whipped butcher knife from key's bond was changed after new his clothing and renewed the attack jury had been the calling of Folk was forced to yield and Whitthe first having been found to field bounded from the only to brought down by charge from don. Finally the hunt, heralded shotgun in the hands of Bonzo. throughout the United came He was taken to the penitentiary to an end in Detroit when & fellow hospital where an operation was per- worker in lumber yard recognized Physicians said his gall Whitfield's picture in newspaper bladder had been shot away and that and revealed him to police. both his liver and stomach had been Tried in Cleveland he was sent tin the penitentiary for life. recovery but said he might live sev- Negotiations for the bribe, Hill said. days were made by woman whose name KILLED PATROLMAN he refused to divulge Whitfield kilied Dennis Griffin Hill said the woman made the plans Cleveland patrolman, May, 1923, for the escape and informed him that after he had been arrested for the all was in readiness by a pre-arranged theft of spark plugs. signal. The officer's body was found two days later shallow grave near Cleveland while police throughout Ohio and surrounding states were searching for the negro. The trail led to Toledo. thence to and on to Wis., Chicago


Article from Journal and Courier, June 2, 1928

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Article Text

STATEMENT W'MSPORT BANK Receivers Show Progress in Liquidation-0. E. S. Group Meeting-Mail Change. [Special to Journal and Courler] WILLIAMSPORT, Ind., June report has been made and filed at the clerk's office by the receiver of the defunct Warren county bank covering the receipts and to May 16, 1928. This is not complete report, but it intended to show the that has made of the settlement of the affair of the bank. Approximately $87,000 has so far been received from the wreck. Out of this $34,000 has been paid to the Fletcher National bank of Indianapolis to liquidate debt there of $37,000. The re- given port also shows that has been paid to the Fowler National bank of Lafayette to reduce debt of $50,000. The receiver has on hands according to his report. about $25,000 of funds belonging to the defunct bank When the collateral will been released by the banks holding them then more rapid progress will be made on the bank's affairs. O. E. S. FEDERATION. Tab Chapter No. 434 O. E. S. and Rocky Dale Chapter No. 111 O. E. S. will entertain the Worthy Grand Matron in group meeting at the local hall on Tuesday night June at o'clock. Roger and Florence Warrick children of Mr. and Mrs. Ira Warrick of Greenville, winners in the Drake county ciphering contest recently held. Mr. Warrick was born and raised near Judy ville in Warren They been living in Ohio for about twelve years. MAIL CHANGE. Pine Village will receive its mail supply from Templeton now in stead of from Oxford as heretofore. The mail messenger will get the mail from the west bound Nickle Plate morning train and the west bound Big Four due at 4:45. SEES OLD FRIEND. Guy E. of Steuben town ship, enjoyed the pleasure of visit by his boyhood friend, Nelson Mason of Bismark, N. D. Mr. Mason was driving to North Dakota and stopped for visit. The Sunshine class taught by Mrs. Ed Davis of the local M. church, held picnic at Harrison Trail. It was the time for the regular monthly meeting At o'clock at camp fire was and a picnic supper served. Marsh mallows were roasted after the supper About fifteen girls were The Women's Foreign Missionary society will meet at the home of Mrs. N. Julian, Thursday The ladies of the Friendship class will be entertained at the home of Mrs. Blanehe White, Thursday evening She will be assisted by Mrs. George. GREEN HILL MEETING. The club leaders in Medina township will have meeting at the Green Hill school house Wednesday, June 6, for all the girls between the ages of 10 and 20. for the purpose of organizing sewing club. The directors of the Warren County Farm Bureau to meet at the court house, June Herbert McCoskey left Thursday for Hanover, where he will attend summer school. Mrs. Ira Cripe returned Thurs day after visiting her mother, Mrs Mary Quinn at Cutler.