71-0985
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Receiver Sues for $37,800 By Times Special WABASH, Ind., Oct. 20.-In a suit filed in Wabash circuit court here, Ike Duffey, receiver for the closed Citizens State bank of Lagro, seeks to recover $37,800 from Theodore Gillespie, former cashier of the bank. It is alleged Gillespie converted to his own use money presented at the bank for depositing.
Wabash, Indiana, Oct. ther complications entered the fairs of the defunct Citizens State bank of Lagro today, when Judge Switzer ordered note, purported to have been signed by Sam and Mrs. Ferrell, concelled and impounded. The receiver of the note, but when the matter came up in court, Mr. and each denied signed the note and when their was pared with that the was found that not Gillespie, the bank when and be court. taken, which that note copy the original that had settled was intended part the bank's assets. said he did not know exact dates
The bank receiver then said that have the bank records audited actual action been taken whether full whether they held assets bank examiners checked the been depositors state bank were lax their of the bank which permitted worthnotes be tiable assets for years the prior failure. other matters were discussed relative bank court but continued for decision. the claim Quinderia Courson She, acting for directors the bank, setled the town ship trustee town trustee closing their accounts which the bank when failed. that the claim gtneral and that she had ready obtained the bank directors before making payment. The other was the claim of an
Wabash, Ind., Nov. neys and officials today agreed to hear petition of the Wabash County Loan Trust Co. against receiver of the Citizens State Bank of to have claim declared preferred, on next Wednesday, The note given by Rudolph and Martha Hunt to the Lagro bank was for $555.70, came in possession the receiver when he took over affairs of the bank and was in turn sold to the local bank. When it was presented to Hunt for payment, he said that it had been paid and produced cancelled checks to prove it. The payments, it was said, had never been credited on the note. The local bank is now asking that it be permitted to recover from the receiver the amount paid.
WABASH, Ind., Feb. 10.-Judge Switzer today sustained a demurrer by the defendant in suit of Ike Duffey, receiver of the Citizens State Bank of Lagro against Warner Bartholomew, in which the receiver sought to collect an assessment against Bartholomew, who was a stockholder in the bank. In the demurrer it was contended that Duffey had no right to sue the stockholders in the bank, and that such action would have to be instituted by the depositors or others holding claims against the defunct bank. The decision is expected to result in dismissal of the case and also others of a similar nature.
Lagro Bank Receiver Gets $8,000 Judgment
[Special to The Indianapolis Star.] WABASH, Ind., Aug. 21. Judgment of $8,000 against bondsmen of D. W. Gillespie, former cashier of the defunct Citizens State bank of Lagro, has been obtained by Ike Duffey, receiver, through mise settlement W. G. Todd, Indianapolis depositors, said today he probably would file an action mandating the receiver to file suits against bondsmen for R. G. Fults and John Thomas, former presidents of the bank, in an effort to obtain an additional $6, '00 for distribution to de-
WABASH, Ind., May 14.-Ike Duffey. receiver for the Citizens State bank of Lagro, reported to police that he was held up in the garage at his home and robbed of $500 early yesterday.
[Special The Indianapolis Star.] WABASH, G. Todd, Indianapolis attorney representing depositors in the closed Citizens State bank of Lagro who are objecting three filed by Ike Duffey, receiver, has filed memorandum court here setting out that receiver has paid out thousands dollars authority from the court. Among the expense items objected to one hundred "trips to for the rate of although the says the receiver lives in Wabash.
BANK RECEIVER ASKED WHY HE FAILED TO PAY partment of Financial Institutions of Indiana, in charge of liquidation of County Loan and Trust today filed petition in the re. reivershi of the Citizens State Bank of Lagro asking that Ike Duf cited to show cause why paid judgment ago in suit Hunt the Frank
O. Switzer ordered him to show cause as to why has not been paid
AGENT MISSING Wabash, A. Rapp for many years agent the Nickel Plate at Sidney North Manchester, has been since Sunday officials were informed today with the quest that hunt be for him
LEWIS POWELL RITES October 24 The of at his conducted the home. The survive.
Resignation Is Indicated by Lagro Bank Receiver
[Special to The Indianapolis Star.) WABASH, Ind. Jan. Duffey, for the Citizens State bank of Lagro for the last three years, today said he planned to resign he by Judge report Frank report filed by Feb. account for all assets of the Depositors objected expendiitures listed previous reports Court approval not been obtained for any the expenditures. Depositors tried on several to have Duffey removed.
BANK RECEIVER SEEKING TO RECEIVE LITTLE PAY Wabash, Ind., Dec. Purviance, handling receivership the Citizens State Bank Lagro for the past seven months doesn't want to "hold the up bank" would like ceive something for his services. In petition filed in circuit court here today he asked that he allowed $300 for his vices added that the lack personal funds necessary that this receiver ceive some for services and endeavors in this matter." The amount he is asking would be little less than $50 month which is far less than being charged of the other bank receivership cases now pending in court here.