Equitable Guarantee & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: August 5, 1938
Location: Wilmington, Delaware (39.746, -75.547)

Metadata

Model: gpt-5-mini
Short Digest: 82365a30

Response Measures

None

Description

Article (Evening Star, 1938-08-05) describes receivers handling deposits and being discharged; bank in bankruptcy with receiver fees — indicates the trust company had been closed and placed in receivership/bankruptcy. No mention of a depositor run in the text provided.

Events (1)

1. August 5, 1938 Receivership

Newspaper Excerpt: showing that $22,059 have been deposited in the Equitable Trust Co. at Wilmington, Del. Justice James M. Proctor late yesterday allowed the receivers $1,000 each for their services, subject to the further approval of the United States District Court at Wilmington, Del., sitting in bankruptcy... An order was signed by Justice Proctor, discharging the band of the receivers here. The receivers' report showed total cash receipts of $29,412, and cash disbursements aggregating $7,353.
Source: newspapers

Newspaper Articles (1)

1. August 5, 1938 Evening Star Washington, DC

Article from Evening Star, August 5, 1938

Click image to open full size in new tab

Article Text

here, showing that $22,059 have been deposited in the Equitable Trust Co. at Wilmington, Del. Justice James M. Proctor late yesterday allowed the receivers $1,000 each for their services, subject to the further approval of the United States District Court at Wilmington, Del., sitting in bankruptcy, which is now considering the affairs of the former show, which was incorporated in that State. An order was signed by Justice Proctor, discharging the band of the receivers here. The receivers' report showed total cash receipts of $29,412, and cash disbursements aggregating $7,353. The sale of horses realized