Fidelity Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 5, 1902
Location: Omaha, Nebraska (41.259, -95.938)

Metadata

Model: gpt-5-mini
Short Digest: d1a42015

Response Measures

None

Description

Article (Dec 11, 1902) discusses that a receiver (Olin C. Wilson) was appointed to Fidelity Trust Company on November 5, 1902 and that a stockholder petitioned to remove him. No mention of depositor runs; the bank is in receivership implying a suspension/closure.

Events (2)

1. November 5, 1902 Receivership

Newspaper Excerpt: he, was appointed November 5, ... receiver of the Fidelity Trust company
Source: newspapers

2. December 11, 1902 Other

Newspaper Excerpt: Aida Webster has petitioned the district court to remove Olin C. Wilson from the position of receiver of the Fidelity Trust company
Source: newspapers

Newspaper Articles (1)

1. December 11, 1902 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, December 11, 1902

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Article Text

RECEIVER NOT SATISFACTORY Stockholder Wants Olfn C: Wilson Cut Out from Fidelity Trust Company. Aida Webster has petitioned the district court to remove Olin C. Wilson from the position of receiver of the Fidelity Trust company, to which he, was appointed November 5, and that there be appointed some other person who has not been for years closely associated with George H. Payne, president of the company, as has Mr. Wilson, and who might therefore more properly be considered disinterested. Aida Webster appears as an additional petitioner in the sult of Winter Byles against the Fidelity Trust company. Byles succeeded in having a receiver appointed, but Wilson was the man selected and he is objected to on the ground that he will be partial to Payne in settling the affairs of the company. This second petitioner relates that she paid $400 for four shares of stock, January 19, 1891, but that George H. Payne and H. H. Harder, in September, 1898, entered, with others, into a wrongful agreement and conspiracy to cheat this petitioner and other stockholders and creditors, and that these alleged conspirators have so manipulated and incumbered the property of the defendant company that there. remains nothing with which to pay debts unless the court force collection of assets from the defendants, George H. Payne and H. H. Harder.