Michigantown Bank (Michigantown, IN)

Episode Information

Episode Type
Suspension → Closure
Start Date
December 23, 1931
Location
Michigantown, Indiana (40.326, -86.393)
Bank Type
state
Routing Number
71-0828
Canonical name
Peoples State Bank
Alt. names
Michigantown Bank

Metadata

Episode ID
Bank ID
City ID
180439080
Model
gpt-5-mini
Short Digest

Notes

State banking commissioner took charge after cashier's suicide; indicates regulatory takeover.

Events (2)
1. December 23, 1931 Suspension
Cause
Government Action
Cause Details
State banking department/commissioner (Luther Symons) took charge of the bank following the cashier's suicide.
Newspaper Excerpt
the state banking department, Michigantown, Clinton county today, Luther Symons, banking take charge the affairs of the Peoples State Bank there.
Source
newspapers
2. December 23, 1931 Receivership
Newspaper Excerpt
the state banking department ... take charge the affairs of the Peoples State Bank there. This action followed the suicide ... cashier of the bank for twenty years.
Source
newspapers

Newspaper Articles (2)
1. December 23, 1931 The Times Hammond, IN

Article Text

BANKER SUICIDES Ind., Dec. the state banking department, Michigantown, Clinton county today, Luther Symons, banking take charge the affairs of the Peoples State Bank there. This action followed the suicide yesterday of Goodnight, cashier of the bank for twenty years.

2. December 23, 1931 The Times Hammond, IN

Article Text

BANKER SUICIDES INDIANAPOLIS, Ind., Dec. of the state MichiClinton county today, on instructions Luther Symons, commissioner, take charge affairs of the Peoples State Bank there. This followed the suicide of of the bank for