Bank of Poneto (Poneto, IN)

Episode Information

Episode UID
71098671499
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
7109867 routing
Routing Number
71-0986
Start Date
November 19, 1924
Location
Poneto, Indiana (40.657, -85.222)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d18cc85d6c4d67b7

Response Measures

None

Events (3)
1. November 19, 1924 Receivership
Newspaper Excerpt
receiver was appointed November 19, 1924 for the Bank of Poneto
Source
newspapers
2. November 19, 1924 Suspension
Cause Details
No cause given in articles; bank was closed and placed in receivership
Newspaper Excerpt
the receiver was appointed November 19, 1924
Source
newspapers
3. November 8, 1930 Other
Newspaper Excerpt
Judge A W. Hamilton ... approved the final report of W. A. Kunkel, Jr., receiver for the Bank of Poneto
Source
newspapers

Newspaper Articles (2)
1. November 9, 1930 The Star Press Muncie, IN
Article from The Star Press, November 9, 1930

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Article Text

REPORT OF BANK RECEIVER 0. K.'D W.A. Kunkel, Jr., Dismissed in Poneto Case. Bluffton. Ind., Nov. 8.-Judge A W. Hamilton, of the Wells Circuit Court. today approved the final report of W. A. Kunkel, Jr., receiver for the Bank of Poneto. The Poneto bank was the first bank to be closed in Wells County and the receiver was appointed November 19. 1924. The final report covers also a current report for period between October 1928, and October 1930, during which period the receiver collected the sum of $4,087 The Bank of Poneto was a private bank and all depositors were paid in full by assessments on stockholders with the lone exception of Levi Kimmel, on whose claim on deposits an agreement could not be reached Kimmel sued on his claim and he obtained judgment in the Adams Circuit Court against the Bank of Poneto in the sum of This judg ment bears the rate of per cent since February 10. 1926 and remains unpaid The receiver recites that there is no balance in his hands to apply on this judgment and the further action on this claim remains matter between Kimmel and stockholders. Wife Is Granted Divorce. Mrs. Lelia Rothgeb was granted a divorce from Harvey Rothgeb in Circuit Court here today and she also was given the custody of four children. ranging in ages from four to fifteen years. The father is to pay the sum of $16 per month toward the support of the children. and he is directed also to pay to the clerk of the court the sum of $35 by February 1, 1931, as fees for Mrs. Rothgeb's attorneys Mrs. Harvey Beery 47. well known resident of Kirkland Township Adams County. died at 40 o'clock this morning at her home of pneumonia Surviving are the husband and the following children Mrs Beulah Shockley of Decatur Miss Helen Beery of Detroit and Robert and Marvin Beery at home Brothers

2. June 23, 1932 The Star Press Muncie, IN
Article from The Star Press, June 23, 1932

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Article Text

BLUFFTON MAN BANK RECEIVER W. A. Kunkel, Jr., to Assist in Ft. Wayne Job. Bluffton, Ind., June 22.-William A. Kunkel, Jr., of this city, was appointed today by Judge Clarence R. McNabb, of the Allen Circuit Court as one of the co-receivers to co-operate with Edward F. Scheumann, Fort Wayne banker, in handling the receivership of the Citizens Trust Company, Fort Wayne. He is well qualified legally, having graduated from Indiana University and from the Harvard law school. He is serving at present as receiver for the Farmers' Deposit Bank of Montpelier, and he served also as receiver the Bank of Poneto, a private bank that was closed some years ago and which paid depositors in full. He has extensive business interests and also is owner of farm property in this county. Wells County Band Organized. A Wells County band-orchestra was organized here last night with thirtyfive members enrolled and the lists still are open for further enrollments at the second rehearsal Friday night. Robert Klopfenstein was elected president, Miss Virginia Bell Grice, vicepresident, and Miss Alice Miller secretary-treasurer Rex Arlington, of Huntington, is the director of the organization. Weekly concerts here on Tuesday nights are planned. Relatives at Markle received word of the death of Percy Lee Crain, 28, which occurred Saturday at Atlanta. Ga., after an illness of four years of cancer The body was taken to the home of the mother, Mrs. Emma L. Waltz, of Fort Wayne, and funeral services were held this afternoon at Butler. Mrs. Crain, the widow, formerly was Miss Marie Marshal, of Markle. Mrs. Lela Farling Dies. Mrs. Lela Grace Farling, 32, wife of Samuel Farling, local grocery manager, died last night at the Irene Byron Hospital, Fort Wayne, following an illness of two years of tuberculosis. She had been a resident of the hospital fifteen months. She was born in Wells County daughter of Mr. and Mrs. Nute. Her marriage to Samuel Farling took place in Bluffton December 11, 1924. Surviving are the husband, two children, Mary Ann and Robert M.: the parents, brother, John B. Nute, and sister, Mrs. Ward Sittler. She was a member of the Presbyterian Church and the Pythian Sisters Lodge. Funeral services will be held at 2:30 o'clock Thursday afternoon at the home of the parents, 409 East Washington street here, in charge of the Rev. M. Elliott, of the Presbyterian Church, and burial will be in the Elm Grove Cemetery. Miss Bessie Ellingham, 52, bookkeeper in the office of Grove and Baxter, this city, died at o'clock this afternoon at the county hospital here. She underwent major operation Monday are a brother, Ottis, in the West. and two sisters, Mrs. Dean Ferguson, superintendent of the county hospital here. and Mrs. Maude Douglas, Fort Wayne The contract for the construction of highway department garage in Bluffton was awarded to Anderson, Centerville, on bid of $8,998, by the state commission today at Indianapolis.