Article Text
TRUST IS CLOSED EARLY TODAY July (U.P.) The Clinton Trust Company ton, Ind., closed early today, State banking department officials announc- on the bank occurred Saturday, the the officials said.
4819. Clinton Trust Company (Clinton, IN)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- trust
- Start Date
- June 30, 1928
- Location
- Clinton, Indiana (39.661, -87.405)
Metadata
- Model
- gpt-5-mini
- Short Digest
12363f52c67390c8
Response Measures
None
Description
Multiple articles report a run on the Clinton Trust Company (occurred the prior Saturday) and that state banking examiners closed the bank on July 2, 1928. One article identifies it as a bank failure (the 16th in Indiana since Jan 1), implying permanent closure; no reopening is reported. No explicit cause of the run is given in the texts, so cause is classified as 'other'. Dates inferred from newspaper dates: run on Saturday June 30, 1928; suspension/closure on 1928-07-02. OCR errors corrected (e.g., truncated words).
Events (2)
1.
June 30, 1928
Run
- Cause Details
- Article mentions a run occurred but gives no specific trigger or rumor; no adverse scandal or external bank failure cited.
- Measures
- Following the heavy withdrawals, state banking examiners closed the bank.
- Newspaper Excerpt
- There was a run on the bank Saturday, State officials said.
- Source
- newspapers
2.
July 2, 1928
Suspension
- Cause
- Government Action
- Cause Details
- Closed early by state banking department/examiners after the run; reported as a bank failure in contemporaneous articles.
- Newspaper Excerpt
- The Clinton Trust Company at Clinton, Ind., was closed early today by State Bank Examiners ...
- Source
- newspapers
Newspaper Articles (6)
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Article Text
Examiners Close Clinton, Ind.; Bank News Service) Ind., July Fol. run on the Clinton Trust company Saturday in which thousands of dollars reserve the closed by the banking the 16th failure Indiana since The bank organized 1914 and total There two other banks in Clinton
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Article Text
Ind., July well dressed bandits chain store here today and sight scores of robbed the proprietor of $500. The bandits escap- CLINTON, Ind., July the Clinton Trust pany here Saturday in which thousdollars the bank's seriously depletthe bank was closed today the the 16th bank failure Indiana since January 1st. NOBLESVILLE, Ind., July The Citizens State Bank reopened today reorganized institution but with its old President William Dunn. There no run the bank business normal. NEW YORK. July on the of York. Governor Smith took things today. easy The presidential nominee will start off political fireworks Wednesday, the Fourth of July, speaking engagement the meeting new voters in city hall here. BICKNELL, Juny the running board of automobile when crashed into another chine Johnny Gaugh, killed here. several companthe ions returning from swimming the time of the accident. July indicted for the murder of the police "couldn't find.' captured here this former Captain of Detectives John Stege Ind., July against 37 alleged bootleggers catered Purdue University dents Lafayette, made known federal Hamcourt mond today when for those indicted were issued.
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Article Text
CLOSE CLINTON BANK Run on Institution Leads to State Action. The Clinton Trust Company at Clinton, Ind., was closed early today by State Bank Examiners K. V. Brownell and J. W. Parrett, banking department officials announced. There was a run on the bank Saturday, State officials said. The institution, capitalized at $50,000, had loans totalling $650,000 according to its January statement, deposits of $790,000 and surplus and profits of $65,000. H. S. Pinson is president; S. E. Runyan, vice president, and Roy Slater, cashier.
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Article Text
CLOSE CLINTON BANK INDIANAPOLIS, July 2. The Clinton Trust Company at Clinton, Ind., was closed early today, state banking department officials announced. A run on the bank OCcurred Saturday, the officials said.
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Article Text
CLINTON Run on Institution Leads to State Action. The Clinton Trust Company Clinton, Ind., closed early today State Bank Examiners Parrett, bankdepartment officials announced. run bank Saturday, State officials The institution. capitalized at 000, had totalling cording to its January statement. deposits $790,000 and surplus and profits $65,000. Pinson president: Runyan, vice president, and Roy Slater, cashier.