5002. Citizens Third National Bank & Trust Company (Greensburg, IN)

View Charter #2844 on SPMC

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
3e80f51ecc7a6cb6

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 (Feb–Aug 1934) report that a receiver was named for the Citizens Third National Bank & Trust Company (Feb 27, 1934) and that the receiver is paying dividends (Aug 10, 1934). No mention of a depositor run is present in the texts provided. Assignment of a receiver indicates the bank closed and was placed in receivership, consistent with suspension followed by permanent closure.

Events (4)
1. December 21, 1882 Chartered
Source
historical_nic
2. February 26, 1934 Receivership
Source
historical_nic
3. February 27, 1934 Receivership
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. He succeeds Locke of the institution.
Source
newspapers
4. 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, it was revealed today with the announcement that 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.