Maywood Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: November 29, 1933
Location: Hammond, Indiana (41.583, -87.500)

Metadata

Model: gpt-5-mini
Short Digest: 6fac3ae7

Response Measures

None

Description

Articles (dated 1933-11-29) describe the Maywood Trust & Savings Bank as 'defunct' and in receivership; receiver David T. Emery is preparing RFC loan applications to pay dividends. Text states assets 'virtually were dissipated by bank officers before the bank failed,' indicating bank-specific adverse information rather than a depositor run. No mention of a run or reopening; appears permanently closed and in receivership.

Events (2)

1. November 29, 1933 Receivership

Newspaper Excerpt: Receiver David T. Emery reported ... the receivership is able to prepare the necessary data. Emery is receiver for the Trust and Savings bank ... Application for an R.F.C. loan ... will be filed ... to pay dividend to depositors of the defunct Maywood Trust and Savings bank, of Hammond, will be filed ... Receiver David T. Emery reported today. (1933-11-29).
Source: newspapers

2. November 29, 1933 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Articles state 'Assets of the Trust...virtually were dissipated by bank officers before the bank failed,' implying internal malfeasance or mismanagement led to failure.
Newspaper Excerpt: Application for an R. F. C. loan with which to pay dividend to depositors of the defunct Maywood Trust and Savings bank, of Hammond, will be filed as soon as the receivership is able to prepare the necessary data, Receiver David T. Emery reported today.
Source: newspapers

Newspaper Articles (6)

1. November 29, 1933 The Times Hammond, IN

Article from The Times, November 29, 1933

Click image to open full size in new tab

Article Text

David T. Emery Working On Data For Maywood Trust & Savings Loan Application for an R. F. C. loan with which to pay dividend to depositors of the defunct Maywood Trust and Savings bank. of Hammond, will be filed as soon as the receivership is able to prepare the necessary data, Receiver David T. Emery reported today. Mr Emery the and possible. He he will ask the largest loan that can be made assets of stitution Emery for the and of Hammond. When asked not would for R. loan with institution, he said he ASSETS "Assets of the Trust," Mr. Emery declared, "virtually dissipated by before the bank whether the would loan any but propose an the subject before decide not to apply You must the appraising assets in order to obtain loan: therefore, if of the Northern Trust are the C., there little adding tion of what assets there Emery the second Hammond report would of the offer to loan money acceptable assets that dividends be paid Harry receiver for the Savings bank and for the State bank, yesterday that the data for is filing applications for these two number bank the scheduled to They said they vestigating the R. offer and expect file soon as is obtained.

2. November 29, 1933 The Times Hammond, IN

Click image to open full size in new tab

Article Text

MAYWOOD RECEIVER WILL APPLY FOR LOAN David T. Emery Working On Data For Maywood Trust & Savings Loan Application for an R. F. C. loan with which to pay dividend to depositors of the defunct Maywood Trust and Savings bank, of Hammond, will be filed as soon as the receivership is able to prepare the necessary data, Receiver David T. Emery reported to- day. Mr. said he working on the plans to compile it He declared he will ask the largest loan that can made assets of the institution Emery is receiver for the Trust and bank, When whether not he would for an F.C. loan dividend to depositors of that institution, he said he thought ASSETS Northern Trust," Mr. Emery were bank officers the bank Very little. any, whether the loan any propose inquiry the subject before definitely decide apply for must bear the assets order to obtain therefore, assets of the Northern Trust not acceptable the C., there little use adding any more necessary expense liquidaof what there Mr. Emery the second Hammond to report he would take of offer dividends may be paid to depositors. Harry receiver the First Trust Savings bank and for the State that he for filing applications for these number of other bank receivers the county are scheduled to do likewise. They said they vestigating offer and expect file applications preliminary information is obtained

3. November 29, 1933 The Times Hammond, IN

Click image to open full size in new tab

Article Text

MAYWOOD RECEIVER WILL APPLY FOR LOAN David T. Emery Working On Data For Maywood Trust & Savings Loan Application for an R. F. C. loan with which to pay dividend to depositors of the defunct Maywood Trust and Savings bank, of Hammond, will be filed as soon as the receivership is able to prepare the necessary data, Receiver David T. Emery reported to- day. Emery said he is on the and plans compile He he ask the that can made on assets the inMr. Emery also is receiver for the Northern and Savings bank, of Hammond. When whether R. pay to that he said he thought ASSETS DISSIPATED Northern Mr. Emery declared, "virtually were dissipated by bank officers before the bank failed. Very doubt whether loan on but propose inquiry the subject before definitely decide not to for the must bear of assets in order obtain therefore, if assets Northern Trust not acceptable is any the liquidation of assets there are.' Mr. Emery is the second Hamwould the offer to loan money acceptable dividends may be paid to depositors Harry E. receiver for the Trust and Savings and First Peoples State bank, announced yesterday that he the for filing loan applications for these number of other bank of the scheduled likewise. they and vestigating expect to file as preliminary information is obtained.

4. November 29, 1933 The Times Hammond, IN

Click image to open full size in new tab

Article Text

David T. Emery Working On Data For Maywood Trust & Savings Loan Application for an R. F. C. loan with which to pay dividend depositors of the defunct Maywood Trust and Savings bank, of Hammond, will be filed as soon as the receivership is able to prepare the necessary data, Receiver David T. Emery reported today. Mr. Emery said he on the data and plans to compile It possible. He declared he will ask the loan that be made on assets of the stitution Mr. Emery also is receiver for the Northern and of asked whether apply for with which of that he said ASSETS DISSIPATED "Assets Northern Trust," Mr. Emery "virtually were dissipated by bank officers before the bank failed. Very if assets doubt the R. would loan any money them; but propose to make inquiry into the subject before definitely decide not to apply for the must bear assets order therefore, if assets of the Northern Trust are C., there is in adding any unthe liquidation of what assets there Mr. Emery the second Hamto would of the offer to money acceptable assets that dividends may be paid to Harry E. Folk. receiver for the First and bank and for the Peoples State yesterday that he compiling the necessary for filing loan applications for these number of other bank receivers of the county scheduled to do likewise. they investigating the offer and expect to file as soon as preliminary information is

5. November 29, 1933 The Times Hammond, IN

Click image to open full size in new tab

Article Text

Dr. Alice Wynekoop in MAYWOOD Very Precarious Health RECEIVER indictment of Physician For Murder of Girl Is to Be Sought Today Nov. of Dr. Alice inent on charge of pretty Rheta Gardner was to LETTER PUZZLES POLICE Nov. A mystery letter seeking lover the it was It was delivered to Dr. Cath. the part. "Dr. and Earle had the Rheta in with her. he sought before the grand jury today Prosecutors placed strong empha- of autopsy expert when fired nude back table WILL APPLY The report Dr. Kearns coroner's of Dr. will the of which will be FOR LOAN presented today before the grand Attorney Charles In Dr. ment she contended that the bullet David T. Emery Working On was into Rheta's after of chloroform the she Data For Maywood Trust examined by the 62-yearold woman "There that she & Savings Loan died from an after my findings on the in the Application for an R. F. C. report Dr. loan with which to pay and upon conferences with Dr. dividend to depositors of the Dwyer." defunct Maywood Trust and Dr. Wynekoop. her in carious after Savings bank, of Hammond, police questioning concerning her will be filed as soon as the remurder, was today in ceivership is able to prepare (Continued on Page Three) the necessary data, Receiver

6. November 29, 1933 The Times Hammond, IN

Click image to open full size in new tab

Article Text

WILL APPLY FOR LOAN David T. Emery Working On Data For Maywood Trust & Savings Loan Application for an R. F. C. loan with which to pay dividend to depositors of the defunct Maywood Trust and Savings bank, of Hammond, will be filed as soon as the receivership is able to prepare the necessary data, Receiver David T. Emery reported today. Mr. Emery said is working on the data and plans compile He declared he ask the largest loan that on the institution Emery is receiver for the Northern When whether apply for with to to that institution, he he thought ASSETS DISSIP the Mr by officers the doubt whether the loan any but propose the subject before definitely decide not to apply for receivership must bear the assets if the Trust are not the R. C., there use any expense the what remaining there are. Mr. Emery the second Hammond receiver to report he would take advantage of the offer to money en acceptable assets so that dividends may be paid to Harry F: Tolk. receiver for the First Trust and bank and for Peoples Co-Operative State yesterday that he the data for filing loan applications for these two number other bank county to do said they Investigating the and expect file preliminary information is obtained