First Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: November 30, 1931
Location: Gary, Indiana (41.593, -87.346)

Metadata

Model: gpt-5-mini
Short Digest: 5dfa1188

Response Measures

None

Description

Article references petitions and the failure of the First Trust and Savings Bank and legal petitions to bring in a receiver. No explicit mention of a depositor run is present; the piece is about court petitions regarding the bank's failure. I infer the bank suspended/payments and entered receivership (closure) though the article does not explicitly state suspension details.

Events (1)

1. November 30, 1931 Receivership

Newspaper Excerpt: cases involving the failure the First Trust and Savings bank, pected appear court Judge he will hear argument on Metz's petition to the bring The Metz petition filed ago Judge Cleveland which precedence.
Source: newspapers

Newspaper Articles (1)

1. November 30, 1931 The Times Hammond, IN

Article from The Times, November 30, 1931

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Article Text

EXPECT RULING ON PETITIONS Rulings on petitions involving labor bank scheduled made afternoon of Superior Judge Clyde Cleveland. The labor dispute is that of the Gary Company which seeks injunction against business the ators stage union to continuing leged and other interferthe operation of the Gary theatre. The theatre previously cured temporary restraining order in the court Judge E. Miles NorPoint. injunction the Amusement will next permanent injunction. Merritt Metz, special deputy in cases involving the failure the First Trust and Savings bank, pected appear court Judge he will hear argument on Metz's petition to the bring The Metz petition filed ago Judge Cleveland which precedence.