Davis Trust Company - Brazil, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: December 1, 1930*
Location: Brazil, Indiana (39.524, -87.125)

Metadata

Model: gpt-5-mini
Short Digest: 78e73f7a

Response Measures

None

Description

The Davis Trust Company suspended business about two years before Dec 31, 1932 and on 1932-12-31 paid depositors in full (with 30 largest receiving certificates for remaining balances). No run is mentioned; this is a suspension that ended in payoff/closure.

Events (2)

1. December 1, 1930* Suspension

Cause Details: Article gives no reason for the 1930 suspension; cause not specified.
Newspaper Excerpt: The Davis Trust Company, which suspended business two years ago...
Source: newspapers

2. December 31, 1932 Receivership

Newspaper Excerpt: CLOSED BANK PAYS DEPOSITORS IN FULL ... The Davis Trust Company ... paid off its 1,200 depositors in full today. Thirty of the largest depositors ... will receive certificates for the balance due them. They have received 60 per cent of their money.
Source: newspapers

Newspaper Articles (1)

1. December 31, 1932 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, December 31, 1932

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Article Text

CLOSED BANK PAYS DEPOSITORS IN FULL Brazil Institution Hands Funds to 1,200; Certificates to 30. By United Press BRAZIL, Ind., Dec. 31.-The Davis Trust Company, which suspended business two years ago, paid off its 1,200 depositors in full today. Thirty of the largest depositors, howover, will receive certificates for the balance due them. They have received 60 per cent of their money.