City National Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2874
Charter Number: 2874
Start Date: January 1, 1931*
Location: Dayton, Ohio (39.759, -84.192)

Metadata

Model: gpt-5-mini
Short Digest: acef9a4b

Response Measures

None

Description

Article states the Trust Company suspended and was taken by the Ohio (Department) of Banks in 1931. No run is described. OCR errors corrected (e.g., 'Ohio of Banks' -> 'Ohio Department of Banks'). Outcome is regulator takeover/closure (receivership), so classified as suspension leading to closure.

Events (4)

1. February 7, 1883 Chartered

Source: historical_nic

2. March 8, 1930 Voluntary Liquidation

Source: historical_nic

3. January 1, 1931* Receivership

Newspaper Excerpt: The Trust Company suspended and was taken by the Ohio of Banks 1931
Source: newspapers

4. January 1, 1931* Suspension

Cause: Government Action
Cause Details: Suspended and taken over by the Ohio Department of Banks in 1931 (regulatory action).
Newspaper Excerpt: The Trust Company suspended and was taken by the Ohio of Banks 1931
Source: newspapers

Newspaper Articles (1)

1. September 7, 1934 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, September 7, 1934

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Article Text

Oakwood. Ohio. Files Plea In Indemnity Bond Suit. Appeal from the judgment of District Judge Robert R. Nevin suit against the Hartford Accident Indemnity Hartford Conn. recovery of filed in United States Circuit Court of Appeals yesterday by the City of suburb Dayton The an indemnity bond for the City National Bank Trust Company Dayton and its the Union Trust to secure deposits of village funds in the and banks in 1930 and 1931 In January 1931 the Village of Oakwood became the City Oakwood, and while the of the Hartford was in the security. the city not for the village obligee the bond The Trust Company suspended and was taken by the Ohio of Banks 1931 At that time the City Oakwood had on deposit $77,074.58 In addition to the surety bond of the Hartford Company the deposit secured by $10,000 in Liberty When bank the city made demand for its and when payment was refused from the State Banks the $10,000 Liberty bonds which had been pledged as additional security for its deposits. The bonds were sold and the city realized the face value of also obtained 50 per cent dividend on its totaling $33,537.29 After realizing on the bonds the city brought this suit against the bonding company for which due under the $75,000 bond giver by the bonding for the bank Judge of the case, found that since the bond was in the name of the Village of Oak wood the City of Oakwood could not recover under the bond for the reason was different legal entity from the village and was not the obligee named the bond In passing on the case, Judge Nevin pointed out that this was not the demnity bond to make it payable the city. titions in bankruptcy in District Court for relief from debts They are Appraisers Submit Report. Sheppard Klein August Meyer Jr. and Sponsel, Cincinappraisers named by District Judge Robert R. Nevin to value the assets of Herbert W. Tice, bank rupt grocer Ohio, filed their report in District Court yesterday They value stock in trade fixtures trucks and automobiles at $6,120.12 Corporation Adjudged Bankrupt. William Jerome Kuertz referee order adjuding the respondent to be bankrupt in the involuntary bankruptey proceedings of Elmer Grischy Cincinnati against the Mechanical Apply For Discharge Petitions for discharge from their debts were filed in District Court yesterday by Alexander R Bretz bankrupt and Clarence L. Pearce, bankrupt, Nor wood Creditors Hold Meeting Creditors of Herbert W Tice bankrupt grocer Madeira Ohio and first meetings yesterday in the of fice of W J. Kuertz, referee in Hyde Park Sale Sought. Foreclosure of mortgage is sought in suit brought in United States District Court yesterday by Wilbert H. Haynes administrator of the estate of Eli J. Taylor Fayettesville, W against Wheeler and Edith Pearl Boone, 3047 Avenue, Hyde Park the First National Bank of Cincinnati the United States F1 delity and Casualty Company, Baltimore, Md. the Hillsdale Building and Loan Company Cincinnati and Harry A. Freiberg, Treasurer of Hamilton The plaintiff avers Eli J. Taylor lent $50,000 to Wheeler and Edith Boone, January 25, 1923. Taylor took promissory note for that amount with interest per cent and by mortgage on the at 3047 Greist Avenue, the suit says is the note is due and payable and that terms of the mortgage have been broken The plaintiff says the other defendants have liens against this property, but that all except the lien of County Treasurer Freiberg are subordinate the lien of the mortgage securing the promissory note in suit Court is asked to marshal the liens against the property, order the property sold and apply the the of the plaintiff's mortgage. Welfare Worker Insolvent. Miss Isabel McCormick welfare worker Anna Louise Third terday filed her voluntary P in bankruptcy She seeks relief from debts scheduled at $576.45 Her an policy for $1,000, she says Her earnings, she says, are only $9.60 week. Farmer Desires Relief. Relief from his debts under the provisions of Section 75 of the National Bankruptcy Act is sought in petition in District Court yesterday by Lambert Rhoades, farmer, Rural Route Lebanon, Ohio. He schedules indebtedness totaling and assets valued at $7,860 of which $6,800 is given as the worth of his farm. Middletown Residents Fail. Four residents of Middletown Ohio, yesterday filed voluntary pe-