Holston Trust Company - Knoxville, TN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 8, 1934
Location: Knoxville, Tennessee (35.961, -83.921)

Metadata

Model: gpt-5-mini
Short Digest: 134c7acd

Response Measures

None

Description

Article (1934-07-08) refers to the Holston Trust Company as 'defunct' and to a receivership taken over by Col. Gleason from Frank L. West; audit underway. No mention of a depositor run — the bank appears to have been placed in receivership/closed by court action.

Events (2)

1. July 8, 1934 Receivership

Newspaper Excerpt: The audit started by Col. Gleason, on taking over the receivership the trust company from Frank L. West. former Clerk and Master. West, according to the records of the defunct ... used proximately of its funds without authority from Chancery Court.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank placed in receivership by Chancery Court on allegations of use of funds without court authority; led to closure.
Newspaper Excerpt: defunct ... taking over the receivership the trust company ... records of the defunct
Source: newspapers

Newspaper Articles (1)

1. July 8, 1934 The Knoxville News-Sentinel Knoxville, TN

Article from The Knoxville News-Sentinel, July 8, 1934

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Article Text

WORK ON HOLSTON AUDIT Check on Accounts Will Be Completed in Week take about another the audit the Holston Trust Company, according to whose making the audit. The audit started by Col. Gleason, on taking over the receivership the trust company from Frank L. West. former Clerk and Master. West, according to the records of the defunct used proximately of its funds without authority from Chancery Court.