Citizens Bank - Akron, IN

Episode Information

Episode UID: 71061771343
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7106177 routing
Routing Number: 71-0617
Start Date: November 3, 1911
Location: Akron, Indiana (41.038, -86.028)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: bd78d6bec2a19725

Response Measures

None

Description

Depositors were paid dollar for dollar by stockholders; no receiver mentioned in the article.

Events (2)

1. November 3, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Embezzlement by the cashier Howard B. Harter led to the suspension.
Newspaper Excerpt: The bank suspended business on November 3, 1911.
Source: newspapers

2. July 6, 1912 Other

Newspaper Excerpt: Howard B. Harter ... was arrested on Thursday in Chicago on an indictment charging him with having embezzled $24,500 of the funds of the institution.
Source: newspapers

Newspaper Articles (1)

1. July 18, 1912 Wood County Reporter Wisconsin Rapids, WI

Article from Wood County Reporter, July 18, 1912

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Article Text

WRECKKER OF BANK ARRESTED. Akron (Ind.) Cashier, Who Embezzled $24,500, Makes Confession. Chicago, July 6.-Howard B. Harter, twenty-eight years old, who, through unsuccessful speculation, wrecked the Citizens' bank of Akron, Ind., which was founded by his father, Andrew P. Harter, was arrested on Thursday in Chicago on an indictment charging him with having embezzled $24,500 of the funds of the institution. Harter was cashier of the bank and his father was president. His mother was one of the directors. The bank suspended business on November 3, 1911. All the depositors, mostly farmers, were paid dollar for dollar by the stockholders. Harter is alleged to have admitted his guilt to the police and declared he was anxious to return to Akron and "face the music."