American Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: *
Location: Huntington, West Virginia (38.419, -82.445)

Metadata

Model: gpt-5-mini
Short Digest: 8245265f

Response Measures

None

Description

Article is brief: reports the president (L. Frantz) of the 'failed American Bank and Trust Company' was sentenced to prison for raising/stealing funds. No mention of a depositor run or reopening—bank is described as failed. Cause inferred as bank-specific adverse information (embezzlement/illegal taking by president). Exact failure/suspension date not provided in the article.

Events (2)

1. * Receivership

Newspaper Excerpt: PRESIDENT OF FAILED BANK GETS 10 YEARS HUNTINGTON. W. Va., July (LP)-L. Frantz of former of the failed American Bank and Trust company. today was sentenced years prison on $2800 The charged raised that amount the Bank Mullens, Mullens. stay execution granted permit attorneys prepare an appeal. Frantz recently has been active business in Oklahoma.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank described as 'failed' after misconduct by its president (L. Frantz); article references him raising/taking funds from the bank leading to failure.
Newspaper Excerpt: PRESIDENT OF FAILED BANK GETS 10 YEARS HUNTINGTON. W. Va., July (LP)-L. Frantz of former of the failed American Bank and Trust company.
Source: newspapers

Newspaper Articles (1)

1. July 7, 1929 Muskogee Daily Phoenix and Times-Democrat Muskogee, OK

Article from Muskogee Daily Phoenix and Times-Democrat, July 7, 1929

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Article Text

PRESIDENT OF FAILED BANK GETS 10 YEARS HUNTINGTON. W. Va., July (LP)-L. Frantz of former of the failed American Bank and Trust company. today was sentenced years prison on $2800 The charged raised that amount the Bank Mullens, Mullens. stay execution granted permit attorneys prepare an appeal. Frantz recently has been active business in Oklahoma.