6591. Logan County Bank (Russellville, KY)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 20, 1902
Location: Russellville, Kentucky (36.845, -86.887)

Metadata

Model: gpt-5-mini
Short Digest: 9f7c19fbf8032f3f

Response Measures

None

Description

Multiple contemporary reports (Aug 20–21, 1902) state the Logan County Bank of Russellville assigned to the Fidelity Trust and Safety Vault Company of Louisville. Articles describe this as a failure/suspension and assignment (permanent closure/takeover). No run or depositor panic is mentioned in the texts; outcome is an assignment/closure.

Events (2)

1. August 20, 1902 Receivership

Newspaper Excerpt: Logan County bank of this place assigned to-day to the Fidelity Trust and Safety Vault company of Louisville. ... its failure caused a sensation. It is claimed that depositors will be paid in full.
Source: newspapers

2. August 20, 1902 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank made an assignment (failure) and was turned over to Fidelity Trust and Safety Vault Co.; reported as a failure causing a sensation in the community.
Newspaper Excerpt: The Logan County Bank of this place assigned to-day to the Fidelity Trust and Safety Vault company of Louisville.
Source: newspapers

Newspaper Articles (6)

1. August 20, 1902 The Minneapolis Journal Minneapolis, MN

Article from The Minneapolis Journal, August 20, 1902

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Article Text

BANK FAILS Logan County Bank of Russellville, Ky., Is Gone. Russellville, Ky., Aug. 20.-The Logan County bank of this place assigned to-day to the Fidelity Trust and Safety Vault company of Louisville. Ex-Congressman John W. Caldwell is president and his son, H. D. B. Caldwell, is cashier. The bank is one of the oldest in this locality and its failure caused a sensation. It is claimed that depositors will be paid in full.

2. August 21, 1902 Bryan Morning Eagle Bryan, TX

Article from Bryan Morning Eagle, August 21, 1902

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Article Text

Kentucky Bank Assigned. Russellville, Ky., Aug. 20.-Logan county bank of this place has assigned. It is claimed the depositors will be paid in full.

3. August 21, 1902 The Madison Daily Leader Madison, SD

Article from The Madison Daily Leader, August 21, 1902

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Article Text

Bank Failure Causes Sensation. Russellville, Ky., Aug. 21.-Logan county bank of this place has assigned to the Fidelity Trust and Safety Vault company of Louisville. Ex-Congressman John W. Caldwell is president and his son. H. D B. Caldwell, is cashier. The bank is one of the oldest in this locality and its failure caused a sensation. It is claimed that depositors will be paid in full.

4. August 21, 1902 The Indianapolis Journal Indianapolis, IN

Article from The Indianapolis Journal, August 21, 1902

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Article Text

Failure of a Kentucky Bank. RUSSELLVILLE, Ky., Aug. 20.-The Logan County Bank of this place assigned to-day to the Fidelity Trust and Safetyvault Company of Louisville. Ex-Congressman John W. Caldwell is president and his son, H. D. B. Caldwell, is cashier. The bank is one of the oldest in this locality, and its failure caused a sensation. It is claimed the depositors will be paid in full.

5. August 22, 1902 Bismarck Daily Tribune Bismarck, ND

Article from Bismarck Daily Tribune, August 22, 1902

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Article Text

Bank Failure Causes Sensation. Russellville, Ky., Aug. 21.-Logan county bank of this place has assigned to the Fidelity Trust and Safety Vault company of Louisville. Ex-Congressman John W. Caldwell is president and his son, H. D. B. Caldwell, is cashier. The bank is one of the oldest in this locality and its failure caused a sensation. It is claimed that depositors will be paid in full.

6. August 22, 1902 Hopkinsville Kentuckian Hopkinsville, KY

Article from Hopkinsville Kentuckian, August 22, 1902

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Article Text

BANK BURSTS. Russellville Has a Big Sensation In Financial Circles. Russellville, Ky., Aug. 20.-the The Logan County Bank of this place has made an assignment to the Fidelity Trust and Safety Vault Company of Louisville. The announcement has caused a profound sensation. The officers of the bank are ex-Congressman John W. Caldwell, President; David W. Caldwell, Vice-President, and H. B. Caldwell, Cashier. The directors are John W. Caldwell, D. W. Caldwell and Wilbur F. Browder. It was regarded as one of the largest financial institutions in this section of the State, and its suspension was a shock to the community. The July statement showed that there was $135,531.56 on deposit: The capital stock is $51,000.