City Bank & Trust Company

Episode Information

Episode UID: 12007571554
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 1200757 routing
Routing Number: 12-0075
Start Date: June 30, 1929
Location: Milwaukee, Wisconsin (43.039, -87.906)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 49bd5270afe5b38e

Response Measures

None

Description

Article states the bank closed the prior week and plans to reorganize and reopen; exact reason for the initial closing is not given.

Events (3)

1. June 30, 1929 Suspension

Cause Details: Closed during the prior week for unspecified reasons; closure then precipitated runs at other local banks.
Newspaper Excerpt: He attributed the closing of the Woodlawn and Southside banks today to runs precipitated by the closing of two banks last week, the City Bank and Trust Company and the Avondale Bank and Savings Company.
Source: newspapers

2. July 1, 1929* Reopening

Newspaper Excerpt: Plans for reorganization and reopening of the City Bank and Trust Company were completed today ... the bank probably would reopen early next week.
Source: newspapers

3. * Other

Newspaper Excerpt: J. B. Lassiter, president of both institutions, is in a New York hospital, where he collapsed after receiving news of the closing of the banks.
Source: newspapers

Newspaper Articles (1)

1. July 7, 1929 The Los Angeles Times Los Angeles, CA

Article from The Los Angeles Times, July 7, 1929

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Article Text

OVE OR NOT L SHE MUST PAY Court Rules Lost Affection Has Nothing to Do With Mate's Funeral Charge MILWAUKEE, July 7. (Exclusive)-Because she did not love her husband, she should not be forced to pay for his funeral, Mrs. Emina Bellow declared in Judge M. F. Blensky's court here. The judge thought otherwise a n d awarded a judgment of $100 to George H. Long, Kansas City, Mo., undertaker. Mr. Bellows, it developed, died here and his body was shipped to Kansas City for burial. The widow did not accompany the body. the district mild runs started at other banks. The runs were halted in most instances when officials announced that all depositors wishing to withdraw their funds would be paid promptly. Judge C. E. Thomas, State Superintendent of Banks, arrived tonight from Montgomery to take charge of the banking situation here. He attributed the closing of the Woodlawn and Southside banks today to runs precipitated by the closing of two banks last week, the City Bank and Trust Company and the Avondale Bank and Savings Company. J. B. Lassiter, president of both institutions, is in a New York hospital, where he collapsed after receiving news of the closing of the banks. ACCIDENT EPIDEMIC John R. Wallace, cashier of the Avondale Bank and Savings Company, died the day before the bank closed from bullet through his abdomen, said by members of his family to have been accidentally inflicted when a pistol he was handling dropped to the floor and discharged. Coroner Russum rendered a verdict of accidental death. Plans for reorganization and reopening of the City Bank and Trust Company were completed today and Roderick Beddow, member of the board of directors and attorney for the institution, announced that more than $125,000 of the $250,000 stock proposed for the reorganized bank had been subscribed. He said the bank probably would reopen early next week. Southside and Woodlawn banks were capitalized at $50,000. The City Bank had a capital of $500,000 and the Avondale bank $25,000.