Central Union Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: October 1, 1931*
Location: Wheeling, West Virginia (40.064, -80.721)

Metadata

Model: gpt-5-mini
Short Digest: 4e9c2c57

Response Measures

None

Description

The Central Union Trust Company of Wheeling closed in October 1931 and was in receivership; by Dec 28, 1932 receivers were distributing a dividend. The article does not attribute the suspension to a run or specific cause, so classified as suspension leading to permanent closure/receivership.

Events (2)

1. October 1, 1931* Suspension

Newspaper Excerpt: The bank closed October 1931.
Source: newspapers

2. December 28, 1932 Receivership

Newspaper Excerpt: WHEELING Dec. 28 (AP) 10 dividend totaling $100.000 per cent will be paid depositors the closed Central Union Trust company next week. D. Stewart McKee, assistant rehas announced. The bank closed October 1931. and has paid approximate $200,000 previous dividends. Many checks in former payments remain uncalledfor in the bank.
Source: newspapers

Newspaper Articles (1)

1. December 28, 1932 The Charleston Daily Mail Charleston, WV

Article from The Charleston Daily Mail, December 28, 1932

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Article Text

Wheeling Bank Receivers Will Distribute Dividend WHEELING Dec. 28 (AP) 10 dividend totaling $100.000 per cent will be paid depositors the closed Central Union Trust company next week. D. Stewart McKee, assistant rehas announced. The bank closed October 1931. and has paid approximate $200,000 previous dividends. Many checks in former payments remain uncalledfor in the bank. -The United States government distributed more than 7,000,000,000 fish fry and eggs last year