gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2bc9039efe01b394
Response Measures
None
Description
Closure followed the death of the bank president; petition for receiver filed 1931-10-01.
Events (2)
1.September 1, 1931*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed after the bank's president, George Hilton, was found shot to death in September.
Newspaper Excerpt
petition for appointment of receiver for the Logansport Loan and Trust Company which has been closed since George Hilton, President, was found shot to death
Source
newspapers
2.October 1, 1931Receivership
Newspaper Excerpt
filed petition for appointment of receiver for the Logansport Loan and Trust Company ... Judge John B. Smith, designated October 6 as the date for hearing on the petition.
ASKS FOR BANK RECEIVER
Logansport Ind. September Luther State Bank Comtoday filed a petition for appointment receiver for the Logansport Loan and Trust which has been closed since found shot to death in his car near Smith designated 6 as the for hearing on the
ASKS FOR BANK RECEIVER
Logansport, Ind. September Luther F. State Bank missioner, today filed petition for appointment of receiver for the Logansport Loan and Trust Company which has been closed since George Hilton, President, was found shot to death in his car near here, September Judge John B. Smith, designated October 6 as the date for hearing on the petition.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Logansport Loan & Trust Company · UID 4144463191581