Shelbyville Trust Company - Shelbyville, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: February 1, 1932*
Location: Shelbyville, Indiana (39.521, -85.777)

Metadata

Model: gpt-5-mini
Short Digest: 9cde549f

Response Measures

None

Description

Articles indicate the Shelbyville Trust Company was closed (suspended) about a year before Feb 18, 1933 and is in liquidation with a liquidating agent (suit naming the liquidating agent appears July 19, 1933). No article describes a depositor run. Therefore this is a suspension that resulted in permanent closure/liquidation.

Events (3)

1. February 1, 1932* Suspension

Cause Details: Article states the trust company 'was closed about year ago' but gives no cause for the suspension.
Newspaper Excerpt: the trust company which was closed about year ago
Source: newspapers

2. February 18, 1933 Other

Newspaper Excerpt: Adoption of plan that not will speed the process of but also stimulate concerns has been by the Shelbyville Trust company ... making possible for depositors of their deposits through the receipts being used making purchases ... the trust company which was closed about year ago and is making possible for depositors to ... put idle deposits to use with the co-operation of local ... and number of well as depositors begun take advantage of the new idea for putting idle deposits to ... scrip
Source: newspapers

3. July 19, 1933 Receivership

Newspaper Excerpt: suit for $6,500 against David D. Whitcomb, liquidating agent of the Shelbyville Trust company, for money had and received.
Source: newspapers

Newspaper Articles (3)

1. February 18, 1933 The Republic Columbus, IN

Article from The Republic, February 18, 1933

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Article Text

FROZEN FUNDS BASE FOR SCRIP Shelbyville Feb 18 Adoption of plan that not will speed the process of but also stimulate concerns has been by the Shelbyville Trust company and number of well as depositors begun take advantage of the new idea for putting idle deposits to With the co-operation of local the trust company which was closed about year ago and is making possible for deposit ors of their deposits through the re. ceipts being used making purchases of on the basis of certain percentages of the ac

2. July 19, 1933 Rushville Republican Rushville, IN

Article from Rushville Republican, July 19, 1933

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Article Text

COURT BUSINESS IS HEAVY PRIOR TO TRIAL START FROM PAGE ONE nilla bank against Sylvia Hodges, for replevin and damages, the court found that the property described was owned by the defendant and that he was entitled to possession of the same against the plaintiff. Costs were placed against the plaintiff. The defendant filed a motion to dismiss the complaint on contract filed by Harry C. Platt, as successor to Platt and Ruby, against the Center school township et al. The defendant Williams has knows that asked for a change of judge in the case of Franklin college against Chester O. Williams et al., on note and for foreclosure. In Shelby circuit court the Moscow Cemetery Association, through its trustees, has entered suit for $6,500 against David D. Whitcomb, liquidating agent of the Shelbyville Trust company, for money had and received. Judgment for the defendant was given in the case of Everett McFarland against Charles J. VanAusdal, for breach of contract and on account. Costs were placed against the plaintiff. The court reported special finding of facts and conclusions of law in the case of William McDowell et al., against Jefferson D. Fletcher et al., a suit to quiet title The court found in this matter that the time of her death Washti Fletcher was the owner in fee simple of certain described real estate in Rush county; that prior to Vashti Fletcher's death the plaintiffs had no interest in the real estate and that they have none now except as an heir or devisee of Vashti Fletcher's. The judge ruled that the law was with the defendants in this case and ordered that they recover costs from the plaintiffs. The California Game Commission has made a second planting of 75,000 greyling in Yosemite park streams.

3. July 19, 1933 Rushville Republican Rushville, IN

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Article Text

COURT BUSINESS IS HEAVY PRIOR TO TRIAL START FROM PAGE ONE nilla bank against Sylvia Hodges, for replevin and damages, the court found that the property described was owned by the defendant and that he was entitled to possession of the same against the plaintiff. Costs were placed against the plaintiff. The defendant filed a motion to dismiss the complaint on contract filed by Harry C. Platt, as successor to Platt and Ruby, against the Center school township et al. The defendant Williams has knows that asked for a change of judge in the case of Franklin college against Chester O. Williams et al., on note and for foreclosure. In Shelby circuit court the Moscow Cemetery Association, through its trustees, has entered suit for $6,500 against David D. Whitcomb, liquidating agent of the Shelbyville Trust company, for money had and received. Judgment for the defendant was given in the case of Everett McFarland against Charles J. VanAusdal, for breach of contract and on account. Costs were placed against the plaintiff. The court reported special finding of facts and conclusions of law in the case of William McDowell et al., against Jefferson D. Fletcher et al., a suit to quiet title The court found in this matter that at the time of her death Washti Fletcher was the owner in fee simple of certain described real estate in Rush county; that prior to Vashti Fletcher's death the plaintiffs had no interest in the real estate and that they have none now except as an heir or devisee of Vashti Fletcher's. The judge ruled that the law was with the defendants in this case and ordered that they recover costs from the plaintiffs. The California Game Commission has made a second planting of 75,000 greyling in Yosemite © 1933, LIGGETT & MYERS TOBACCO Co. park streams.