First Trust & Savings Bank - East Chicago, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: May 1, 1934*
Location: East Chicago, Indiana (41.639, -87.455)

Metadata

Model: gpt-5-mini
Short Digest: 0399c3ec

Response Measures

None

Description

Article (May 6, 1934) refers to the receiver of the First Trust and Savings Bank and discusses closed Indiana banks; indicates the bank was closed and in receivership. No run is mentioned in the text. Closure appears to be permanent (receiver involved), so classified as suspension_closure (suspension/closure without a reported run).

Events (2)

1. May 1, 1934* Suspension

Cause: Government Action
Cause Details: Bank was closed and a receiver was appointed (court/receiver involvement noted in article).
Newspaper Excerpt: closed Indiana banks ... receiver of the First Trust and Savings bank
Source: newspapers

2. May 6, 1934 Receivership

Newspaper Excerpt: suit brought by receiver of the First Trust and Savings bank ... Judge Crites sustained demurrer filed by County Attorney George Hershman against the suit brought by receiver of the First Trust and Savings bank
Source: newspapers

Newspaper Articles (1)

1. May 6, 1934 The Indianapolis Star Indianapolis, IN

Article from The Indianapolis Star, May 6, 1934

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Article Text

Rules Bank Receivers Must Pay Realty Taxes EAST Ind., May of closed Indiana banks real by Court Judge Maurice E. Crites Judge Crites sustained demurrer filed by County Attorney George Hershman against the suit brought by receiver of the First Trust and Savings bank that the of of the deposits constituted double taxation the they to the Court.