American Trust Company - South Bend, IN

Episode Information

Episode UID: 71005471627
Episode Type: Suspension → Reopening
Bank Type: trust
Bank ID: 7100547 routing
Routing Number: 71-0054
Start Date: July 17, 1935
Location: South Bend, Indiana (41.683, -86.250)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 58c7ba7d959d1e98

Response Measures

None

Description

Article reports reopening after reorganization; prior suspension is implied but not dated.

Events (2)

1. July 17, 1935 Reopening

Newspaper Excerpt: The American Trust company reopened its doors for business this morning, making available to 12,000 depositors approximately $1,000,000 in cash. ... resumed business at 9 o'clock this morning on an unrestricted basis with all deposits insured up to $5,000 by the Federal Deposit Insurance corporation.
Source: newspapers

2. * Suspension

Cause Details: Accounts were tied up during a reorganization that suspended normal operations
Newspaper Excerpt: tied up during reorganization
Source: newspapers

Newspaper Articles (1)

1. July 17, 1935 The South Bend Tribune South Bend, IN

Article Text

AMERICAN TRUST BANK REOPENED Reorganized Concern Resumes Business; Congratulated. The American Trust company reopened its doors for business this morning, making available to 12,000 depositors approximately $1,000,000 in cash. The banking house, one of the oldest in the city, resumed business at 9 o'clock this morning on an unrestricted basis with all deposits insured up to $5,000 by the Federal Deposit Insurance corporation. While the bank was prepared to meet demand payment of its accounts, tied up during reorganization, only a handful of the several hundred customers who entered the bank withdrew funds. Withdrawals, officials announced, were unusually few and small, most of them ostensibly for personal use. Old customers flocked to the bank to congratulate the old and Continued on Page 10, Column Three.