Citizens Trust & Savings Bank (Princeton, IN)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
October 1, 1931
Location
Princeton, Indiana (38.355, -87.568)
Bank Type
trust
Routing Number
71-0292

Metadata

Episode ID
Bank ID
City ID
180452074
Model
gemini-3-flash-preview
Short Digest

Events (4)
1. October 1, 1931 Run
Cause Details
Heavy withdrawals leading to voluntary closure
Newspaper Excerpt
voluntarily closed Thursday following run on the bank heavy
Source
newspapers
2. October 1, 1931 Suspension
Cause Details
Heavy withdrawals and advice from the banking department
Newspaper Excerpt
Citizens Trust and Savings bank here closed due to heavy drawals. Officials of banking department advised action.
Source
newspapers
3. October 3, 1931 Receivership
Newspaper Excerpt
G. Inwood and L. Wright examiners for the state banking today were in charge of the Trust and Savings bank Citizens
Source
newspapers
4. February 24, 1932 Other
Newspaper Excerpt
Dr. Kendall was also president the Gibson County Perpetual Savings and Loan Company and closed Citizens Trust and Savings Bank.
Source
newspapers

Newspaper Articles (3)
1. October 3, 1931 Evansville Courier and Press Evansville, IN

Article Text

BANK EXAMINERS TAKE OVER PRINCETON BANK

G. Inwood and L. Wright examiners for the state banking today were in charge of the Trust and Savings bank Citizens which voluntarily closed Thursday following run on the bank heavy stated today that was of petition the department consent to state duct stated that depositors would probably be in full when completed.

2. October 3, 1931 The Indianapolis Times Indianapolis, IN

Article Text

Princeton Bank Closes

PRINCETON, Ind., Oct. 3.-The Citizens Trust and Savings bank here closed due to heavy drawals. Officials of banking department advised action.

3. February 24, 1932 Evansville Press Evansville, IN

Article Text

RETIRED DOCTOR AT PRINCETON IS DEAD

Dr. George Kendall Prominent In Business Circles Also

Correspondence PRINCETON, Ind., Feb. George Kendall, Princeton and business dead from from broken hip he suffered recently fall. One Gibson County's best known physicians until he retired year ago, Dr. Kendall was also president the Gibson County Perpetual Savings and Loan Company and closed Citizens Trust and Savings Bank. He was member the Masonic The widow, Louise, and son, Ralph, Los Angeles,

CHARITY FUND BANK FAILED MILTON, winter grows more bleak for 50 destitute families here. The bank in which county and charity group relief funds were failed