Terre Haute Trust Company (Terre Haute, IN)

Episode Information

Episode UID
71003971583
Episode Type
Run Only
Bank Type
trust
Bank ID
7100397 routing
Routing Number
71-0039
Start Date
November 12, 1931
Location
Terre Haute, Indiana (39.467, -87.414)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c58ba839e680bc36

Response Measures

None

Events (1)

1. November 12, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals triggered by the suicide of President James Cooper, causing depositor fears about the institution.
Measures
Directors met and elected temporary officers; bank remained open.
Newspaper Excerpt
Meanwhile, depositors keep up a steady withdrawal of funds from the Terre Haute Trust Company as a result of the president's death, but the company remained open.
Source
newspapers

Newspaper Articles (2)

Article from The Indianapolis Times, November 12, 1931

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Article Text

TERRE HAUTE BANKER TAKES HIS OWN LIFE James Cooper, Prominent in Legal, Financial Circles, Cuts Throat. SUFFERED BREAKDOWN Aided Frank Dailey in U. S. Prosecution of Ballot Fraud Cases. By United Press TERRE HAUTE, Ind., Nov. 12.James Cooper, 57, president of the Terre Haute Trust Company, one of the largest banks in western Indiana, committed suicide at his home here today. Cooper slashed his throat with a razor. Last Monday Cooper suffered a nervous breakdown. He had been under the care of a physician since. The Citizens National Bank and Trust Company closed its doors shortly before noon today, after a morning of heavy deposit withdrawals. Directors issued the following statement: "The unusual demand for money today brought about by the baseless fears caused by the untimely death of James Cooper, president of the Terre Haute Trust Company, has made it necessary to close the Citizens National Bank and Trust Company for a short period, as a protection to depositors." It also was announced that a thorough check of the institution's finances had revealed that the bank was "thoroughly solvent." Meanwhile, depositors keep up a steady withdrawal of funds from the Terre Haute Trust Company as a result of the president's death, but the company remained open. Directors met this morning and elected temporary officers. James Cooper, well known in Indianapolis legal circles, was a member of the Terre Haute law firm of Cooper, Royse, Gabmill & Crawford. He maintained the legal practice in addition to his duties as head of the Terre Haute Trust Company, presidency of which he assumed several years ago when James S. Royse, then president of the bank, committed suicide. Cooper was assistant to Frank G. Dailey, Indianapolis attorney, in 1915 in federal court trials growing out of the Terre Haute election fraud. Cooper once was prosecutor of Vigo county.


Article from The Times, November 13, 1931

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Article Text

OF TERRE HAUTE, Ind., Nov. 13.(I.N.S.) Officials Terre Haute Trust company, $8,500 institution, Cooper, 57, killed himself early yesterday, run the by forced the National bank, bank, to close doors yesterday. came yesterday line of depositors still standing front the trust company herded bank and the doors then locked. All in the line given the opportunity their money. Officials the bank there funds hand meet the bank good condi-