5473. Shelbyville Trust Company (Shelbyville, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
February 1, 1932*
Location
Shelbyville, Indiana (39.521, -85.777)

Metadata

Model
gpt-5-mini
Short Digest
f31155a75842268b

Response Measures

None

Description

Articles indicate the Shelbyville Trust Company had been closed for about a year (as of Feb 18, 1933) and is in liquidation. A liquidating agent (David D. Whitcomb) is named in a July 1933 court item. There is no mention of a depositor run; instead the institution remained closed and is being wound up, so classify as suspension leading to closure/liquidation. Date of initial suspension is not explicitly given; Article 1 states it 'was closed about year ago' (from 1933-02-18), so approximate.

Events (3)
1. February 1, 1932* Suspension
Cause Details
Article states the trust company 'was closed about year ago' but gives no explicit cause for the suspension (no run described).
Newspaper Excerpt
the trust company which was closed about year ago
Source
newspapers
2. February 18, 1933 Other
Newspaper Excerpt
Adoption of plan that not will speed the process of but also stimulate concerns has been by the Shelbyville Trust company ... the trust company which was closed about year ago and is making possible for depositors of their deposits through the receipts being used making purchases ... on the basis of certain percentages of the ac
Source
newspapers
3. July 19, 1933 Receivership
Newspaper Excerpt
Moscow Cemetery Association ... has entered suit for $6,500 against David D. Whitcomb, liquidating agent of the Shelbyville Trust company, for money had and received.
Source
newspapers

Newspaper Articles (3)
1. February 18, 1933 The Republic Columbus, IN
Article from The Republic, February 18, 1933

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Article Text

FROZEN FUNDS BASE FOR SCRIP Shelbyville Feb 18 Adoption of plan that not will speed the process of but also stimulate concerns has been by the Shelbyville Trust company and number of well as depositors begun take advantage of the new idea for putting idle deposits to With the co-operation of local the trust company which was closed about year ago and is making possible for deposit ors of their deposits through the re. ceipts being used making purchases of on the basis of certain percentages of the ac

2. July 19, 1933 Rushville Republican Rushville, IN
Article from Rushville Republican, July 19, 1933

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Article Text

COURT BUSINESS IS HEAVY PRIOR TO TRIAL START FROM PAGE ONE nilla bank against Sylvia Hodges, for replevin and damages, the court found that the property described was owned by the defendant and that he was entitled to possession of the same against the plaintiff. Costs were placed against the plaintiff. The defendant filed a motion to dismiss the complaint on contract filed by Harry C. Platt, as successor to Platt and Ruby, against the Center school township et al. The defendant Williams has knows that asked for a change of judge in the case of Franklin college against Chester O. Williams et al., on note and for foreclosure. In Shelby circuit court the Moscow Cemetery Association, through its trustees, has entered suit for $6,500 against David D. Whitcomb, liquidating agent of the Shelbyville Trust company, for money had and received. Judgment for the defendant was given in the case of Everett McFarland against Charles J. VanAusdal, for breach of contract and on account. Costs were placed against the plaintiff. The court reported special finding of facts and conclusions of law in the case of William McDowell et al., against Jefferson D. Fletcher et al., a suit to quiet title The court found in this matter that the time of her death Washti Fletcher was the owner in fee simple of certain described real estate in Rush county; that prior to Vashti Fletcher's death the plaintiffs had no interest in the real estate and that they have none now except as an heir or devisee of Vashti Fletcher's. The judge ruled that the law was with the defendants in this case and ordered that they recover costs from the plaintiffs. The California Game Commission has made a second planting of 75,000 greyling in Yosemite park streams.

3. July 19, 1933 Rushville Republican Rushville, IN
Article from Rushville Republican, July 19, 1933

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Article Text

COURT BUSINESS IS HEAVY PRIOR TO TRIAL START FROM PAGE ONE nilla bank against Sylvia Hodges, for replevin and damages, the court found that the property described was owned by the defendant and that he was entitled to possession of the same against the plaintiff. Costs were placed against the plaintiff. The defendant filed a motion to dismiss the complaint on contract filed by Harry C. Platt, as successor to Platt and Ruby, against the Center school township et al. The defendant Williams has knows that asked for a change of judge in the case of Franklin college against Chester O. Williams et al., on note and for foreclosure. In Shelby circuit court the Moscow Cemetery Association, through its trustees, has entered suit for $6,500 against David D. Whitcomb, liquidating agent of the Shelbyville Trust company, for money had and received. Judgment for the defendant was given in the case of Everett McFarland against Charles J. VanAusdal, for breach of contract and on account. Costs were placed against the plaintiff. The court reported special finding of facts and conclusions of law in the case of William McDowell et al., against Jefferson D. Fletcher et al., a suit to quiet title The court found in this matter that at the time of her death Washti Fletcher was the owner in fee simple of certain described real estate in Rush county; that prior to Vashti Fletcher's death the plaintiffs had no interest in the real estate and that they have none now except as an heir or devisee of Vashti Fletcher's. The judge ruled that the law was with the defendants in this case and ordered that they recover costs from the plaintiffs. The California Game Commission has made a second planting of 75,000 greyling in Yosemite © 1933, LIGGETT & MYERS TOBACCO Co. park streams.