5770. Citizens Trust Company (Huntingburg, IN)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust company
Start Date
October 24, 1931
Location
Huntingburg, Indiana (38.299, -86.955)

Metadata

Model
gpt-5-mini
Short Digest
7733b5a5

Response Measures

Full suspension

Other: State banking department took charge; receivership proceedings mentioned later.

Description

Multiple short articles report a run on Citizens Trust Company in Huntingburg, Ind., in late October 1931. The run led to the bank's closing and the state banking department taking charge; by late November a receiver appointment process was under way. OCR variants show Huntingsburg in some articles — corrected to Huntingburg.

Events (3)
1. October 24, 1931 Run
Cause Details
Article states a run occurred but gives no specific trigger (no mention of misinformation, correspondent failures, or bank-specific scandal).
Measures
None reported by bank; state banking department took charge following the run.
Newspaper Excerpt
A run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution today.
Source
newspapers
2. October 24, 1931 Suspension
Cause
Government Action
Cause Details
State banking department took charge after the run, effectively closing the institution and suspending normal operations.
Newspaper Excerpt
State Takes Charge of Citizens Trust at Huntington, Ind. ... Officials of the state banking department took charge.
Source
newspapers
3. November 28, 1931 Receivership
Newspaper Excerpt
Plans have been made for appointment agent terminate the trust company's affairs. Receiver plea halted ... filed motion asking dismissal of his application for appointment of receiver the Citizens Trust Company of Huntingburg, Plans have been made for appointment agent terminate the trust company's affairs.
Source
newspapers

Newspaper Articles (4)
1. October 24, 1931 The Indianapolis Times Indianapolis, IN
Article from The Indianapolis Times, October 24, 1931

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Article Text

CLOSE BANK AFTER RUN State Takes Charge of Citizens Trust at Huntington, Ind. By United Press HUNTINGBURG, Ind., Oct. 27.A run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution today. Officials of the state banking department took charge. C. B. Dowell is president of the bank; F. W. Limp is vice-president, and Leo J. Hoing, cashier. Capitalization was $25,000, deposits $393,000, and loans $242,000.

2. October 24, 1931 The Tipton Daily Tribune Tipton, IN
Article from The Tipton Daily Tribune, October 24, 1931

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Article Text

Run Closes Bank. Huntingsburg, Ind., Oct. Trust bank run on the Citizens resulthere Thursday afternoon the institution in closing of state bankFriday. took charge. department

3. October 24, 1931 The Tipton Daily Tribune Tipton, IN
Article from The Tipton Daily Tribune, October 24, 1931

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Article Text

Run Closes Bank. Huntingsburg, Ind., Oct. A run on the Citizens Trust bank here Thursday afternoon resulted in closing of the institution Friday. Officials of the state banking department took charge.

4. November 28, 1931 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, November 28, 1931

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Article Text

RECEIVER PLEA HALTED. JASPER, Ind., Nov. ther Symons, state banking missioner, today filed motion Circuit asking dismissal of his application for appointment of ceiver the Citizens Trust Company of Huntingburg Plans have been made for appointment agent terminate the trust company's affairs.