Clinton Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: April 1, 1930*
Location: Clinton, Indiana (39.661, -87.405)

Metadata

Model: gpt-5-mini
Short Digest: b8c875a9

Response Measures

None

Description

Article (Apr 8, 1930) reports the Clinton Bank and Trust Company had closed and the state bank commissioner was seeking appointment of a receiver because of a shrinkage of deposits. No run or depositor riot is mentioned; this is a suspension leading to closure/receivership.

Events (2)

1. April 1, 1930* Receivership

Newspaper Excerpt: State bank commissioner ... was making efforts ... to appoint a receiver for the Bank and Trust Company that closed last (because of shrinkage of deposits).
Source: newspapers

2. April 1, 1930* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed due to a shrinkage of deposits (internal loss/shortage leading to insolvency).
Newspaper Excerpt: Bank receiver sought ... was making efforts to today receiver for appointment the Bank and Trust Comclosed last The because of shrinkage of deposs its.
Source: newspapers

Newspaper Articles (1)

1. April 8, 1930 The Anderson Herald Anderson, IN

Article from The Anderson Herald, April 8, 1930

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Article Text

FOR STATE your support earnestly candidate for on the Republican Madison ticket the Tuesday, May stand for free school books and to all fair ALLDREDGE CROMER FOR RECORDER candidate for the nomination Recorder Madison County on the Democratic ticket the May mary WILLIAM H. (BILL) REDD WIFE OF BANKER DIES April SOUTH BEND wife Mrs Banking Associaafternoon after died formerly lived She Besides the husband she by two sons, the South Bend owner the and Hugh Times. Joseph Loan and Trust Company BANK RECEIVER SOUGHT April State bank commisClinton sioner. was making efforts to today receiver for appointment the Bank and Trust Comclosed last The because of shrinkage of deposs its.