Citizens Trust Company - Vincennes, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: May 22, 1927
Location: Vincennes, Indiana (38.677, -87.529)

Metadata

Model: gpt-5-mini
Short Digest: c105d324

Response Measures

None

Description

Article (Evansville Courier and Press, 1929-06-01) describes the Citizens Trust Company as a defunct bank with an appointed receiver (Ben Crowder) and examiners having taken charge. OCR errors in the clipping; dates referenced include May 1927 (e.g., opened May 22 and examiners taking charge in May 1927). No run or depositor run is described; the bank is in receivership (government action) and appears permanently closed.

Events (2)

1. May 22, 1927 Receivership

Newspaper Excerpt: Ben Crowder, receiver of the Citizens Trust company. testified that the purported receipt ... examiners took charge of the bank in ... He said he had permitted ... the receiver the Citizens Trust ... preferred claim against the assets the defunct ... the receiver the Citizens Trust company was handling claims (OCR corrected). Note: receiver Ben Crowder is named in the 1929 article regarding claims against the defunct bank, indicating receivership was in effect since 1927 when examiners took charge.
Source: newspapers

2. May 22, 1927 Suspension

Cause: Government Action
Cause Details: Bank examiners took charge and a receiver was appointed; bank became defunct and ceased normal payments/operations around May 1927.
Newspaper Excerpt: examiners took charge of the bank ... opened May 22
Source: newspapers

Newspaper Articles (1)

1. June 1, 1929 Evansville Courier and Press Evansville, IN

Article from Evansville Courier and Press, June 1, 1929

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Article Text

JUDGE SETS DATE Evidence to Establish Claim of Spencer Man Against Bank Receivers Completed VINCENNES, May William Abbott preferred against the receiver the Citizens Trust of completed in superior court here today. Judge W. verley June 17 tentative date for oral arguments. Abbott alleges that through the Trust $60,000 4½ per cent Liberty bonds and them the custody James of the bank. He declares the bonds never turned to him he tends that has preferred claim against the assets the defunct the amount of the bonds. DENIES SIGNING RECEIPT opened May 22, Lang testified Abbott called the on May and took the bonds away with him document which was tended receipt for the bonds This document offered in during the trial. denied The hours today were cupied rebuttal testimony fered behalf Abbott's Ben Crowder, receiver the Citizens Trust company. testified that the purported receipt given to by examiners took charge of the bank in He said he had permitted have the 10 CHARACTER WITNESSES Abbott also was again witness He denied conversation on May 17. 1927, about which Lang had testithis date that Lang declared the bonds turned over to Abbott Abbott also denied that he had ever Lang, Lang had testior that he had asked Teal Whitaker, Lang's change of bank as Whitaker had Four Spencer and six county, called as character witnesses for Abbott.