gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
de13c58fda6cd91f
Response Measures
None
Description
Articles consistently describe the bank as defunct/failed with receiver and criminal convictions for embezzlement.
Events (2)
1.August 25, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers embezzled and dissipated large sums (about $105,000), leading to closure by the department of banking.
Newspaper Excerpt
the bank failed Aug. 25, 1930.
Source
newspapers
2.September 1, 1930*Receivership
Newspaper Excerpt
Mr. Emery appointed receiver Sept. 1930. / David T. Emery, bank receiver (multiple articles).
Source
newspapers
Newspaper Articles (16)
1.October 27, 1931The TimesHammond, IN
Article Text
NORTHERN TRUST DIVIDEND PAID SATURDAY
Ten Per Cent Cash For 1716 Depositors of Defunct Bank cash dividend of 10 per cent, paid Saturday to 1,716 defunct and SavIngs bank of Hammond. Judge Virgil Reiter ing the distribuThe entered after Rae Royce, attorney representing receiver, had presented report Judge Superior court that $22,000 showing in cash available for the diviMr. Emery announced immediateafter court that he begin distribution of will o'clock Saturday morning in the quarters of Northern and opposite the South Savings will remain until The the benethe fit of the depositors. checks distributed by that time, the receiver the bank next week until the last check has been This the first dividend authorsince the ized bank failed Aug. 25, 1930. Mr. Emery appointed receiver Sept. bank crashed after offi1930. cers had embezzled, $105,000 dissipated, of the bank's the subto mitted to the by the the assets when it closed by department of banking last year. The receiver boosted this amount (Continued Page Fifteen) tee, the
2.October 27, 1931The TimesHammond, IN
Article Text
NORTHERN TRUST SEEK SOLUTION DIVIDEND PAID FOR PROBLEM OF SATURDAY UNEMPLOYMENT
Ten Per Cent Cash For 1716 Depositors of Defunct Bank cash dividend of 10 per cent, will paid 1,716 the defunct and ings bank of Hammond. Judge Virgil Reiter this mornDavid The order entered after Rae Royce, attorney representing the receiver, had report Judge Superior court $22,000 showing in available for the diviEmery announced that he will o'clock Saturday quarters the Northern Trust Savings bank, opposite the South Shore station. The bank will remain open until o'clock the evening for the fit of depositors. all checks not distributed by that time, the receiver the next week the last check This the first authorized for the bank failed 1930. Mr. Emery appointed receiver Sept. 1930. The bank crashed after officers had embezzled, dissipated, $105,000 of the bank's According the statement submitted to the court the receiver the bank assets $342,079. when closed by the department of banking last year. boosted this amount (Continued on Page Fifteen)
Members of State Commission to Talk at Hammond Chamber of Commerce
Hammond's unemployment probwill be raked with comb Thursday in order find some lution before cold weather sets The of soring the It will start its study Thursday the open forum disthe Two of Governor Harry Leslie's mission will speak. They are Dr. of tee, and will Price, of Muncle, chairthe building trades group. These men expected outline detail the operation of the Muncie plan, which discussed meeting state leadin Indianapolis yesterday. the program, meeting open for forum Then, be by Thomas Tennant, meet draft definite program for Hammond. This program expected to lieve material degree this winter thus, rectly, solve the increasingly difficult problem poor relief. According to chamber officers, the relief platform the (Continued Page Fifteen)
3.May 17, 1932The TimesHammond, IN
Article Text
The first of a series of judgments which will strengthen chances of the defunct Northern Trust and Savings bank for recovery of embezzled sums from Paul B. Lipinski and Boleshaw Salik, imprisoned officials of the bank, has been taken in Hammond Superior court room 1 by David T. Emery, bank receiver.
Totaling $146,596.91, the default judgment allowed by Superior Judge Virgil S. Reiter, partially covers sums alleged to have been lost through crooked manipulations of the two bankers.
4.May 17, 1932The TimesHammond, IN
Article Text
The first of a series of judgments which will strengthen chances of the defunct Northern Trust and Savings bank for recovery of embezzled sums from Paul B. Lipinski and Boleshaw Salik, imprisoned officials of the bank, has been taken in Hammond Superior court room 1 by David T. Emery, bank receiver.
Totaling $146,596.91, the default judgment allowed by Superior Judge Virgil S. Reiter, partially covers sums alleged to have been lost through crooked manipulations of the two bankers.
5.May 17, 1932The TimesHammond, IN
Article Text
JUDGMENTS TAKEN 'GAINST TWO BANKERS
Echo of Northern Trust & Savings Bank Heard in the Superior Court
The first of a series of judgments which will strengthen chances of the defunct Northern Trust and Savings bank for recovery of embezzled sums from Paul B. Lipinski and Boleshaw Salik, imprisoned officials of the bank, has been taken in Hammond Superior court room 1 by David T. Emery, bank receiver.
Totaling $146,596.91, the default judgment allowed by Superior Judge Virgil S. Reiter, partially covers sums alleged to have been lost through crooked manipulations of the two bankers.
6.May 25, 1932The TimesHammond, IN
Article Text
SALIK TO BE BROUGHT FROM PRISON TO TESTIFY
Boleslaw Salik, former cashier of the defunct Northern Trust and Savings bank of Hammond which has been bankrupt for almost two years, will be brought back to Hammond from Michigan City prison on June 14 to testify in another law suit which grew out of the bank failure.
The law suit, now pending in the court of Superior Judge Virgil S. Reiter, involves George Kozin and Andrew Kowach, both residents of Hammond.
Kozin, who is represented by Attorney E. W. Johnson, seeks to recover on a $2,500 mortgage given to him by Kowach on some Hammond property. Kowach, through his attorney, John Cody, will seek to prove that the mortgage was signed only after the defendant had been induced to do so by Salik.
7.May 25, 1932The TimesHammond, IN
Article Text
SALIK TO BE BROUGHT FROM PRISON TO TESTIFY
Boleslaw Salik, former cashier of the defunct Northern Trust and Savings bank of Hammond which has been bankrupt for almost two years, will be brought back to Hammond from Michigan City prison on June 14 to testify in another law suit which grew out of the bank failure.
The law suit, now pending in the court of Superior Judge Virgil S. Reiter, involves George Kozin and Andrew Kowach, both residents of Hammond.
Kozin, who is represented by Attorney E. W. Johnson, seeks to recover on a $2,500 mortgage given to him by Kowach on some Hammond property. Kowach, through his attorney, John Cody, will seek to prove that the mortgage was signed only after the defendant had been induced to do so by Salik.
Salik is now serving a sentence
8.May 25, 1932The TimesHammond, IN
Article Text
SALIK TO BE BROUGHT FROM PRISON TO TESTIFY
Boleslaw Salik, former cashier of the defunct Northern Trust and Savings bank of Hammond which has been bankrupt for almost two years, will be brought back to Hammond from Michigan City prison on June 14 to testify in another law suit which grew out of the bank failure.
The law suit, now pending in the court of Superior Judge Virgil S. Reiter, involves George Kozin and Andrew Kowach, both residents of Hammond.
Kozin, who is represented by Attorney E. W. Johnson, seeks to recover on a $2,500 mortgage given to him by Kowach on some Hammond property. Kowach, through his attorney, John Cody, will seek to prove that the mortgage was signed only after the defendant had been induced to do so by Salik.
Salik is now serving a sentence
9.May 25, 1932The TimesHammond, IN
Article Text
SALIK TO BE BROUGHT FROM PRISON TO TESTIFY
Boleslaw Salik, former cashier of the defunct Northern Trust and Savings bank of Hammond which has been bankrupt for almost two years, will be brought back to Hammond from Michigan City prison on June 14 to testify in another law suit which grew out of the bank failure.
The law suit, now pending in the court of Superior Judge Virgil S. Reiter, involves George Kozin and Andrew Kowach, both residents of Hammond.
Kozin, who is represented by Attorney E. W. Johnson, seeks to recover on a $2,500 mortgage given to him by Kowach on some Hammond property. Kowach, through his attorney, John Cody, will seek to prove that the mortgage was signed only after the defendant had been induced to do so by Salik.
Salik is now serving a sentence of from two to fourteen years on a plea of guilty to embezzling bank funds. Paul B. Lipinski, president of the bank, is serving a similar term. It is not known whether further criminal proceedings will be instituted against Salik if testimony in Judge Reiter's court indicates he caused Kowach to mortgage his property by fraud.
10.May 25, 1932The TimesHammond, IN
Article Text
Boleslaw Salik, former cashier of the defunct Northern Trust and Savings bank of Hammond which has been bankrupt for almost two years, will be brought back to Hammond from Michigan City prison on June 14 to testify in another lawsuit which grew out of the bank failure.
11.May 25, 1932The TimesHammond, IN
Article Text
Boleslaw Salik, former cashier of the defunct Northern Trust and Savings bank of Hammond which has been bankrupt for almost two years, will be brought back to Hammond from Michigan City prison on June 14 to testify in another law suit which grew out of the bank failure.
The law suit, now pending in the court of Superior Judge Virgil S. Reiter, involves George Kozin and Andrew Kowach, both residents of Hammond.
Kozin, who is represented by Attorney E. W. Johnson, seeks to recover on a $2,500 mortgage given to him by Kowach on some Hammond property. Kowach, through his attorney, John Cody, will seek to prove that the mortgage was signed only after the defendant had been induced to do so by Salik.
Salik is now serving a sentence
12.June 28, 1932The TimesHammond, IN
Article Text
DECISION RESTS WITH TWO JUDGES
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
13.June 28, 1932The TimesHammond, IN
Article Text
DECISION RESTS WITH TWO JUDGES
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
14.June 28, 1932The TimesHammond, IN
Article Text
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
The following attorneys accompanied them: City Attorney Gerald Gillett, representing Mayor Charles O. Schonert; L. L. Bomberger, Wasson Wilson, and Harold Hammond.
Former Mayor A. E. Tinkham represented Timothy P. Galvin, president of the chamber of commerce.
At the conclusion of their study,
(Continued on Page Twelve)
15.June 28, 1932The TimesHammond, IN
Article Text
Hammond will adopt South Bend's bank aid plan if Judges Virgil S. Reiter and Clyde Cleveland approve it, according to some of the local bank receivers and their attorneys who made a special trip to South Bend yesterday to study the scheme in actual operation.
The local group proposes to meet with the jurists some day this week and hold a round-table discussion on the matter.
They were highly impressed with the worth of the plan yesterday after watching it in operation for more than three hours. They found that it has benefited South Bend to such an extent that the plan now is in extensive use there.
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
16.June 28, 1932The TimesHammond, IN
Article Text
Those who made the trip were: Horace S. French, receiver for the First Trust and Savings bank; Harry E. Folk, joint receiver for the Peoples Co-Operative State bank, and David T. Emery, receiver for both the Northern Trust and Savings bank and the Maywood Trust and Savings bank.
The following attorneys accompanied them: City Attorney Gerald Gillett, representing Mayor Charles O. Schonert; L. L. Bomberger, Wasson Wilson, and Harold Hammond.
Former Mayor A. E. Tinkham represented Timothy P. Galvin, president of the chamber of commerce.
At the conclusion of their study,
(Continued on Page Twelve)
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.