Kingston Trust Company - Kingston, RI

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: February 23, 1925
Location: Kingston, Rhode Island (41.480, -71.523)

Metadata

Model: gpt-5-mini
Short Digest: 18f01628

Response Measures

None

Description

Article (Feb 23, 1925) states the Kingston Trust Co. is closed and hearings to appoint a permanent receiver are scheduled; a temporary receiver was already appointed. No run is mentioned.

Events (2)

1. February 23, 1925 Receivership

Newspaper Excerpt: Deputy Bank Commissioner Edward J. Littlefield was appointed temporary receiver; hearings for permanent receiver to open tomorrow in superior court for Washington county at Kingston tomorrow morning.
Source: newspapers

2. February 23, 1925 Suspension

Cause: Government Action
Cause Details: Bank closed and a temporary receiver was appointed; hearings set to appoint a permanent receiver.
Newspaper Excerpt: Hearings on the appointment of permanent receiver for the Kingston Trust Co. will open ... Deputy Bank Commissioner Edward J. Littlefield was appointed temporary receiver
Source: newspapers

Newspaper Articles (1)

1. February 24, 1925 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, February 24, 1925

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Article Text

Stockholders Will Lose $100,00 in Closed Trust Company Providence. R. I., Feb. 23.-It was disclosed today that Miss Maude E Tefft. secretary-treasurer of the closed Kingston Trust Co., was bonded $10,000. While depositors in the institution will not suffer seriously, it was said. loss to stockholders will amount to nearly $100,000, it had been estimated. Hearings on the appointment of permanent receiver for the Kingsto Trust Co. will open in superior cour for Washington county at Kingston tomorrow morning. Deputy Bard Commissioner Edward J. Littlefiel was appointed temporary received Judge Charles A. Walsh last Tuesday