Citizens Trust & Savings Bank (Princeton, IN)

Episode Information

Episode UID
71029271582
Episode Type
Run → Suspension → Closure
Bank Type
trust
Bank ID
7102927 routing
Routing Number
71-0292
Start Date
October 1, 1931
Location
Princeton, Indiana (38.355, -87.568)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
673d3c56fded4b7c

Response Measures

None

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 from Evansville Courier and Press, October 3, 1931

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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 from The Indianapolis Times, October 3, 1931

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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 from Evansville Press, February 24, 1932

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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