Thrift Trust Company - Valparaiso, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 12, 1934
Location: Valparaiso, Indiana (41.473, -87.061)

Metadata

Model: gpt-5-mini
Short Digest: a53469bd

Response Measures

None

Description

Article is a Dec 29, 1934 notice stating Thrift Trust Co., Valparaiso suspended payment on March 12, 1934. No article text describes a run; the December notice about disposition of public funds implies the bank remained closed and matters were being settled, so classified as a suspension that resulted in closure.

Events (1)

1. March 12, 1934 Suspension

Cause Details: Announcement only states the bank suspended payment on March 12, 1934; no cause given in the article.
Newspaper Excerpt: the Thrift Trust Co., Valparaiso, Ind., which bank suspended payment on March 12, 1934
Source: newspapers

Newspaper Articles (1)

1. December 29, 1934 Vidette-Messenger of Porter County Valparaiso, IN

Article from Vidette-Messenger of Porter County, December 29, 1934

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Article Text

NOTICE TO DEPOSITORS Pursuant to Section of Chapter 33, Acts og 1932, Page 146, the decision of the Auditor of State and the Attorney General that there was on deposit with the Thrift Trust Co., Valparaiso, Ind., which bank suspended payment on March 12, 1934, 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 Sullivan, Auditor of State. Philip Lutz, Jr., Attorney General. STATE OF INDIANA Classified due an inspiration to the unemployed.