Goodland State Bank (Goodland, IN)

Episode Information

Episode UID
71076671597
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7107667 routing
Routing Number
71-0766
Start Date
January 27, 1933
Location
Goodland, Indiana (40.763, -87.294)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3f62dae350730bf6

Response Measures

None

Description

Bank had been under a receiver and was shut for about a year before reopening.

Events (2)
1. January 27, 1933 Reopening
Newspaper Excerpt
The Goodland state bank will reopen Saturday morning at 8 after a year's cessation of banking business. Circuit Judge Moses Leopold... dismissed Arthur G. Mitten as bank receiver. Ten per cent of the bank's old deposits will be released on opening day and the remainder will be liquidated in 5 per cent installments.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Placed in receivership (Arthur G. Mitten) about a year earlier, causing cessation of banking business.
Newspaper Excerpt
the Goodland state bank will reopen Saturday morning after a year's cessation of banking business.
Source
newspapers

Newspaper Articles (3)
1. January 27, 1933 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, January 27, 1933

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Article Text

GOODLAND BANK, SHUT FOR YEAR, TO REOPEN Net Profits to Go to Credit of Old Depositors. By Times Special GOODLAND, Ind., Jan. 27.-The Goodland state bank will reopen Saturday morning at 8 after a year's cessation of banking business. Circuit Judge Moses Leopold, of Newton county, dismissed Arthur G. Mitten as bank receiver. Money received when the bank opens will be kept separate from the old deposits and will not be used for old liabilities. Net profits will go to the credit of old depositors. Ten per cent of the bank's old deposits will be released on opening day and the remainder will be liquidated in 5 per cent installments. Officers of the new institution are: C. L. Tedford, president; Charles A. Welch, first vice-president; Harry H. Hawn, second vicepresident; Clarence B. Harms, cashier, and Bethel Constable, assistant cashier. Directors are: C. L. Tedford, Charles A. Wedch, Harry H. Hawn, Clarence B. Harms, Bert C. Constable, Lawson J. Cooke, and Frank Kennedy.

2. January 27, 1933 The Indianapolis News Indianapolis, IN
Article from The Indianapolis News, January 27, 1933

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Article Text

BANK RECEIVER DISMISSED Goodland Institution Will Reopen for Business Saturday. [Special to The News] GOODLAND, Ind., January Judge Moses Leopold, of Newton circuit court has dismissed Arthur G. Mitten, Goodland State Bank receiver, and turned back the property to stockholders. The bank will reopen Saturday

3. January 27, 1933 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, January 27, 1933

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Article Text

GOODLAND BANK, SHUT FOR YEAR, TO REOPEN Net Profits to Go to Credit of Old Depositors. By Times GOODLAND Ind., Jan. 27.-The Goodland state bank will reopen Saturday morning at after year's cessation of banking business. Circuit Judge Moses Leopold of county dismissed Arthur G. Mitten as bank receiver. Money received when the bank opens will be kept separate from the old deposits and will not be used for old liabilities. Net profits will go to the credit of old depositors Ten per cent of the bank's old deposits will be released on opening day and the remainder will be liquidated in 5 per cent installments. Officers of the institution C. L. Tedford president: Charles A. Welch. first vice-president; Harry H. Hawn, second vicepresident Clarence B. Harms. cashier, and Bethel Constable, assistant cashier. Directors are C.L. Tedford. Charles A. Wedch. Harry H. Hawn. Clarence B. Harms, Bert C. Constable Lawson J. Cooke, and Frank Kennedy