Commercial Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: November 25, 1927
Location: Prescott, Arizona (34.540, -112.469)

Metadata

Model: gpt-5-mini
Short Digest: b1502d91

Response Measures

None

Description

Article (Nov 25, 1927) states the Commercial Trust & Savings Bank of Prescott is under receivership (Homer R. Wood) and affairs are being wound up with expected repayments. No run is mentioned; the bank is in receivership indicating permanent closure. I adjusted the provided bank name to match the article's phrasing ('Commercial Trust & Savings Bank').

Events (2)

1. November 25, 1927 Other

Newspaper Excerpt: are reported trending toward full repayments of the depositors and creditors, while something approaching a gross dividend of 75 percent is expected for the creditors of the Prescott State bank.
Source: newspapers

2. November 25, 1927 Receivership

Newspaper Excerpt: Under the receivership of Homer R. Wood affairs of the Commercial Trust & Savings bank are reported trending toward full repayments of the depositors and creditors
Source: newspapers

Newspaper Articles (1)

1. November 25, 1927 The Coconino Sun Flagstaff, AZ

Article from The Coconino Sun, November 25, 1927

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Article Text

PRESCOTT BANK MAY PAY IN FULL IS REPORT Under the receivership of Homer R. Wood affairs of the Commercial Trust & Savings bank are reported trending toward full repayments of the depositors and creditors, while something approaching a gross dividend of 75 percent is expected for the creditors of the Prescott State bank. Somewhat more involved are the affairs of the chain, the Bank of Jerome, from which a very small return may materialize. Paul Deming, who was cashier of the Jerome bank, returned from Pasadena, is to be tried, on change of venue, by a court in Phoenix, on a charge of receiving deposits for an insolvent institution.