20036. Central Bank & Trust Company (Parkersburg, WV)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
July 24, 1921
Location
Parkersburg, West Virginia (39.267, -81.562)

Metadata

Model
gpt-5-mini
Short Digest
5cc85b0e610603c0

Response Measures

None

Description

Articles (July 24–25, 1921) report William G. Peterkin appointed receiver for the Central Bank and Trust Company of Parkersburg; the bill alleges insolvency and asks winding up. No run or prior suspension is mentioned; receiver appointment indicates permanent closure/receivership.

Events (1)
1. July 24, 1921 Receivership
Newspaper Excerpt
William G. Peterkin has been named receiver for the Central Bank and Trust company, of this city, giving bond of $10,000. ... The bill of particulars filed in the suit declares that the trust company is Insolvent and prays the court to appoint a receiver to wind up its affairs. Assets and liabilities are said to be about $50,000 each.
Source
newspapers

Newspaper Articles (2)
1. July 25, 1921 The Wheeling Intelligencer Wheeling, WV
Article from The Wheeling Intelligencer, July 25, 1921

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Article Text

PETERKIN APPOINTED RECEIVER OF BANK Parkersburg, W. Va. July 24.-WIIliam G. Peterkin has been named receiver for the Central Bank and Trust company, of this city, giving bond of $10,000. This action was brought late Saturday evening before Judge Walter E. McDougle, of the Wood county circult court, on application of R. J. A. Boreman, with more than 300 persons named as defendant. The bill of parUculars filed in the suit declares that the trust company is Insolvent and prays the court to appoint a receiver to wind up its affairs. Assets and liabilities are said to be about $50,000 each.

2. July 26, 1921 Martinsburg Journal Martinsburg, WV
Article from Martinsburg Journal, July 26, 1921

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Article Text

RECEIVER NAMED FOR PARKERSBURG BANK Commr. Hill Says Institution Is Not A Bank. Parkersburg ,July 25.-William G. Peterkin has been named receiver for the Central Bank and Trust Company, of this city, giving bond of $10,000. This action was taken late Saturday before Judge Walter E. McDougle of the Wood County Circuit Court on application of R J. A. Boreman, with more than 200 persons named as defendants. The bill of particulars filed in the suit declares the trust company is insolvent. Assets and liabilities are said to be about $50,000 each. Says It Is Not a Bank Charleston, July 25.-Dispatchei