5519. Clinton Trust Company (Clinton, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
April 2, 1936
Location
Clinton, Indiana (39.661, -87.405)

Metadata

Model
gpt-5-mini
Short Digest
6f43dce2

Response Measures

None

Description

Newspaper articles (Apr 2, 1936) report indictments of M. M. Scott, former receiver for the Clinton Trust Co., for embezzlement and perjury. This indicates the bank had been placed in receivership (i.e., closed) prior to these reports. No mention of a depositor run or reopening is found in the excerpts. Classified as suspension_closure (suspension leading to permanent closure/receivership).

Events (1)

1. April 2, 1936 Receivership
Newspaper Excerpt
Indictments charging embezzlement and perjury were returned against M. M. Scott, former receiver for the Clinton Trust Co.
Source
newspapers

Newspaper Articles (2)

Article from The Indianapolis Times, April 2, 1936

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Article Text

THE INDIANAPOLIS TIMES ceiver without the approval of the court. FORMER These payments had been recorded in the receiver's reports to the court, however, and have since RECEIVER been repaid after litigation. The perjury charge resulted from alleged false testimony given by Scott in the trial of the suit calling for the reWO CRIMES fund of the alleged excess salary. Perjury charges against Mrs. Craft, secretary of the Home Loan and Savings Co., and Call, insurance Grand Jury Also agent, resulted from testimony in the same trial. Three Others Nichols was charged with changin Clinton. ing the wording on an assignment given him by Mrs. Edith Sanquenetti on the receiver of the Clinton Ind. April 2.-Four Trust Co. Clinton persons were unTrial dates have not been set.


Article from The Indianapolis Times, April 2, 1936

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Article Text

# ACCUSE FORMER # TRUST RECEIVER # OF TWO CRIMES Vermilion Grand Jury Also Indicts Three Others in Clinton. By United Press CLINTON, Ind., April 2.-Four prominent Clinton persons were un- der indictment today after investi- gation by the Vermilion County Grand Jury. Indictments charging embezzlement and perjury were returned against M. M. Scott, former receiver for the Clinton Trust Co. Other indictments alleged perjury against Mrs. Esther Nolan Craft and Harry Call, and forgery against W. B. Nichols, head of the Public Loan Co. of Clinton. The embezzlement charge against Scott resulted from payments he had allegedly made to himself as re-