Citizens National Bank - Greenwood, IN

Episode Information

Episode UID: 846101618
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 84610 national
Charter Number: 8461
Start Date: October 29, 1934
Location: Greenwood, Indiana (39.610, -86.107)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 97e33ee5ed739e7d

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-10-29
Date receivership terminated: 1936-08-15
Share of assets assessed as good: 77.4%
Share of assets assessed as doubtful: 17.8%
Share of assets assessed as worthless: 4.8%

Events (4)

1. December 8, 1906 Chartered

Source: historical_nic

2. October 29, 1934 Receivership

Source: historical_nic

3. October 29, 1934 Receivership

Newspaper Excerpt: it was announced Friday by Joseph Drake, bank receiver. ... funds were turned over to Mr. Drake on October 29, 1934.
Source: newspapers

4. October 29, 1934 Suspension

Cause: Government Action
Cause Details: Institution closed and funds turned over to a court-appointed receiver on October 29, 1934.
Newspaper Excerpt: since the institution closed and since the funds were turned over to Mr. Drake on October 29, 1934.
Source: newspapers

Newspaper Articles (1)

1. September 27, 1935 The Franklin Evening Star Franklin, IN

Article Text

SETTLEMENT CHECKS AT BANK UNCLAIMED Depositors Fail to Call For 175 Payments of Thirty Per Cent GREENWOOD, Sept. 27. — More than 175 checks for payment of the thirty per cent. settlement to depositors of the Citizens National Bank are still unclaimed, it was announced Friday by Joseph Drake, bank receiver. The payment of the thirty per cent. makes a total of ninety per cent. received by the depositors since the institution closed and since the funds were turned over to Mr. Drake on October 29, 1934. Sixty per cent. was paid at that time. The remaining ten per cent. will probably be paid in full. Mr. Drake is anxious to get affairs of the bank in such condition that it may be paid before the end of the present year. Persons calling at the bank for their checks are usually notified by letter that there is a check waiting them.