First Trust - Hammond, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 12, 1933
Location: Hammond, Indiana (41.583, -87.500)

Metadata

Model: gpt-5-mini
Short Digest: 2dc1375e

Response Measures

None

Description

OCRed article from The Times (Hammond) Jan 12, 1933 refers to the 'defunct First Trust' and suits over preferred claims against its assets. No run or reopening is mentioned; bank is described as defunct/in receivership. Corrected some OCR spacing and words (e.g., 'defunct First Trust', 'preferred claim').

Events (3)

1. January 12, 1933 Other

Newspaper Excerpt: Bitter argument prevailed in petition for new hearing in bank case ... against the assets defunct First Trust and Denied ... Attorneys for the general deposit ... that bank would transfer deposits ... the Hammond The First Trust officials ... refused make deposit ... tendered ... continued on Page
Source: newspapers

2. January 12, 1933 Receivership

Newspaper Excerpt: preferred claim $1,340 against the assets defunct First Trust
Source: newspapers

3. January 12, 1933 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is described as defunct; litigation over claims against assets indicates insolvency/asset failure rather than a rumor-driven closure or government holiday; article does not describe an earlier run triggering suspension explicitly.
Newspaper Excerpt: preferred claim $1,340 against the assets defunct First Trust
Source: newspapers

Newspaper Articles (1)

1. January 12, 1933 The Times Hammond, IN

Article from The Times, January 12, 1933

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Article Text

HEAR LAST OF PREFERRED CLAIM SUITS Bitter Argument Prevails in Petition for New Hearing in Bank Case Bitter argument prevailed this Judge of hearing in suit ferred claim $1,340 against the assets defunct First Trust and Denied previbefore Judge day Attorneys Henry and judgment the His Attorneys for bank Moran for the general deposit Chicago, January that bank would transfer deposits the Hammond The First Trust officials, he leges, their Chicago, check for the deposit. Hammand, tas said refused make deposit of bank Saturday, tendered Continued on Page