Citizens Savings & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1927*
Location: Wabash, Indiana (40.798, -85.821)

Metadata

Model: gpt-5-mini
Short Digest: 13cdd170

Response Measures

None

Description

Article (1935-11-06) reports that Citizens Saving and Trust Co. of Wabash closed about 8 years ago (≈1927) and that the receiver has completed payments in full and filed a final report. No run is described in the article; the bank had previously closed and was in receivership. Cause of the original suspension/closure is not specified in the text.

Events (3)

1. January 1, 1927* Suspension

Cause Details: Article only states the bank closed about 8 years ago (no cause given)
Newspaper Excerpt: which closed about 8 years ago
Source: newspapers

2. November 6, 1935 Other

Newspaper Excerpt: Payment in full of all depositors and creditors of the Citizens Saving and Trust Co. of Wabash ... has been announced today.
Source: newspapers

3. November 6, 1935 Receivership

Newspaper Excerpt: James Showalter, receiver for the institution, has filed his final report, showing cash balance of $823.55, with $20,674.28 in assets still outstanding after all claims against the bank had been paid.
Source: newspapers

Newspaper Articles (1)

1. November 6, 1935 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, November 6, 1935

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Article Text

BANK PAYS DEPOSITORS Citizens Saving and Trust Co. Completes Payments. By United Press WABASH, Ind., Nov. 6.-Payment in full of all depositors and creditors of the Citizens Saving and Trust Co. of Wabash, which closed about 8 years ago, as announced today. James Showalter, receiver for the institution, has filed his final report, showing cash balance of $823.55, with $20,674.28 in assets still outstanding after all claims against the bank had been paid.