City Trust Safe Deposit & Surety Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: January 1, 1905*
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: 89b93a42

Response Measures

None

Description

Article states the trust company failed in 1905 and has been in receivership; in 1915 the receiver (J. Hampton Moore) sent checks completing most payments to creditors. No mention of a depositor run; the bank remains closed and in receivership.

Events (2)

1. January 1, 1905* Receivership

Newspaper Excerpt: the failure of the trust company in 1905.
Source: newspapers

2. May 1, 1915 Other

Newspaper Excerpt: Under the date of May 1, checks aggregating $122,371.80 have been sent to the creditors of the City Trust Safe Deposit and Surety Company, completing the discharge of all the liabilities of the company with the exception of interest on creditors' and stockholders' claims.
Source: newspapers

Newspaper Articles (1)

1. May 3, 1915 Evening Public Ledger Philadelphia, PA

Article from Evening Public Ledger, May 3, 1915

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Article Text

City Trust Pays in Full Under the date of May 1, checks aggregating $122,371.80 have been sent to the creditors of the City Trust Safe Deposit and Surety Company, completing the discharge of all the liabilities of the company with the exception of interest on creditors' and stockholders' claims. The checks were sent by Congressman J. Hampton Moore, the receiver, and follow the fifth account rendered by the receivership to the Courts of Common Pleas since the failure of the trust company in 1905. More than $1,000,000 has now been paid to creditors.