Commercial Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: *
Location: Gary, Indiana (41.593, -87.346)

Metadata

Model: gpt-5-mini
Short Digest: 0ad728d7

Response Measures

None

Description

Article (May 17, 1932) refers to the Commercial Trust Company of Gary as 'defunct' and reports surety companies paid county deposits for the defunct bank. No run is described; the bank is closed and deposits were covered by surety bonds, consistent with a suspension/closure and assignment of claims. Exact suspension/receivership date not given in the excerpt.

Events (2)

1. * Receivership

Newspaper Excerpt: The United States Fidelity and Guaranty of Maryland ... for its surety bond payment county deposits in the defunct Commercial Trust company, of Gary. companies paid their surety bonds in full.
Source: newspapers

2. * Suspension

Cause Details: Bank is described as 'defunct' and surety company paid county deposits; immediate cause of suspension/closure not specified in article.
Newspaper Excerpt: the United States Fidelity and Guaranty of Maryland, for its surety bond payment county deposits in the defunct Commercial Trust company, of Gary.
Source: newspapers

Newspaper Articles (1)

1. May 17, 1932 Vidette-Messenger of Porter County Valparaiso, IN

Article from Vidette-Messenger of Porter County, May 17, 1932

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Article Text

LAKE COUNTY GETS $25,000 SURETY FEES CROWN POINT, May county treasurer was richer $25.000 Monday when two bonding companies paid in that amount monon surety bonds which they had underwritten for couny deposits in defunct banks. The Fidelity Deposit company, of Maryland, forwarded check $10,000 cover the surety bond which had underwritten county deposits in the closed Naon tional Bank of America at Gary. The other check of $15,000 came the United States Fidelity and from Guaranty of Maryland, for its surety bond payment county deposits in the defunct Commercial Trust company, of Gary. companies paid their surety Both in full. The county strivbonds obtain additional ing to sureties underwritten by these companies in other closed banks Lake county. MUST SHOW FLAG REDS munists and other radicals the American flag at display cannot use Detroit their schools for their gatherings public resolution under the board of education. adopted