Citizens Third National Bank & Trust Company (Greensburg, IN)

View Charter #2844 on SPMC View balance sheet

Episode Information

Episode UID
284401610
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
28440 national
Charter Number
2844
Start Date
February 27, 1934
Location
Greensburg, Indiana (39.337, -85.484)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b5f365f899bd5a9a

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1934-02-26
Date receivership terminated
1938-09-20
Share of assets assessed as good
79.4%
Share of assets assessed as doubtful
20.1%
Share of assets assessed as worthless
0.6%

Description

Articles name a receiver and mention dividend distributions; an explicit prior suspension isn't stated but receivership indicates permanent closure.

Events (5)
1. December 21, 1882 Chartered
Source
historical_nic
2. February 26, 1934 Receivership
Source
historical_nic
3. February 27, 1934 Receivership
Newspaper Excerpt
John F. Russell... today notice the controller of the currency that he had been receiver the former Citizens Third National Bank Trust Company here. He succeeds Locke of the institution.
Source
newspapers
4. February 27, 1934 Suspension
Cause
Government Action
Cause Details
Placed in receivership by controller of the currency (receiver appointed).
Newspaper Excerpt
GREENSBURG Feb. John F. Russell, president of local milling company, today notice the controller of the currency that he had been receiver the former Citizens Third National Bank Trust Company here.
Source
newspapers
5. August 10, 1934 Other
Newspaper Excerpt
Indications are that a second dividend will be paid by fall by the receiver for the Citizens Third National bank... those having claims against the institution should file them at once.
Source
newspapers

Newspaper Articles (2)
1. February 27, 1934 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, February 27, 1934

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Article Text

NAMED BANK RECEIVER. GREENSBURG Feb. John F. Russell, president of local milling company, today notice the controller of the currency that he had been receiver the former Citizens Third National Bank Trust Company here. He succeeds Locke of the institution. assets the the formed Decatur CounNational Bank

2. August 10, 1934 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, August 10, 1934

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Article Text

Bank Dividend Due By Times Special GREENSBURG, Ind., Aug. 10.Indications are that a second dividend will be paid by fall by the receiver for the Citizens Third National bank, it was revealed today with the announcement that those having claims against the institution should file them at once. This also applies to those who received the benefit of the first dividend, it was stated.