Thrift Trust Company - Valparaiso, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: February 27, 1933
Location: Valparaiso, Indiana (41.473, -87.061)

Metadata

Model: gpt-5-mini
Short Digest: 4b1a6b74

Response Measures

None

Description

Article is a Dec 24, 1934 notice stating Thrift Trust Company, Valparaiso, suspended payment on February 27, 1933. The notice from the Auditor of State and Attorney-General dealing with deposit classification indicates the bank remained closed and was in state handling/receivership processes. No article text suggests the bank reopened, so classified as suspension followed by closure. Cause of suspension not explicitly stated; the auditor involvement implies government action/receivership, so cause set to government_action.

Events (1)

1. February 27, 1933 Suspension

Cause: Government Action
Cause Details: Bank suspended payments on Feb 27, 1933; subsequent handling by Auditor of State and Attorney-General indicates state/receiver involvement.
Newspaper Excerpt: there was on deposit with the Thrift Trust Company, Valparaiso, Ind., which bank suspended payment on February 27, 1933
Source: newspapers

Newspaper Articles (1)

1. December 24, 1934 Vidette-Messenger of Porter County Valparaiso, IN

Article from Vidette-Messenger of Porter County, December 24, 1934

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Article Text

NOTICE TO DEPOSITORS Pursuant to Section of Chapter 33, Acts of 1932, Page 146, it is the decision of the auditor of State and the attorney-general, that there was on deposit with the Thrift Trust Company, Valparaiso, Ind., which bank suspended payment on February 27, 1933, the following Public Funds classed as New Money: Porter County None Ten days after this publication, if there is no objection, the auditor of state will consider the matter closed. LAURENCE F. SULLIVAN, Auditor of State, PHILIP LUTZ. State of Indiana. Classified aas are an inspiration the unemployed.