Citizens Trust & Savings Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: March 12, 1926
Location: Marion, Indiana (40.550, -85.659)

Metadata

Model: gpt-5-mini
Short Digest: 1d7c0e0f8e96199a

Response Measures

None

Description

Article (Chronicle Tribune, 1926-03-12) refers to the Citizens Trust and Savings Company as 'receiver', indicating the bank had been closed and a receiver appointed. No mention of a depositor run in the article. Lawsuits against the bank/receiver are reported. Classification: suspension leading to closure/receivership (no run reported). OCR errors in the article text corrected (e.g., garbled plaintiff/company names).

Events (2)

1. March 12, 1926 Other

Newspaper Excerpt: Two suits filed in local court against the Citizens Trust and Savings company, receiver ... plaintiff demands restoration of participating bonds ... $10,000 damages and accounting of funds while under the bank receiver.
Source: newspapers

2. March 12, 1926 Receivership

Newspaper Excerpt: Two complaints were filed ... against the Citizens Trust and Savings company, receiver, and Elkins, of the bank, ...
Source: newspapers

Newspaper Articles (1)

1. March 12, 1926 Chronicle Tribune Marion, IN

Article from Chronicle Tribune, March 12, 1926

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Article Text

TWO SUITS FILED IN LOCAL COURT Two complaints were filed in the Grant circuit court Friday afternoon against the Citizens Trust and Savings company, receiver, and Elkins, of the bank, the plaintiff one being William Mitchell, and the plaintiff in the other being the Gas The which Mitchell plaintiff demands the restore 202 participating bonds, of total par value The case the Independent Gas Oil company $10,000 damages an accounting to the court funds of the company while under the bank ceiver.