Clinton Trust Company (Clinton, IN)

Episode Information

Episode UID
71030471542
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
trust
Bank ID
7103047 routing
Routing Number
71-0304
Start Date
June 30, 1928
Location
Clinton, Indiana (39.661, -87.405)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0c72454cdfc09d4a

Response Measures

None

Description

Closed by state examiners after a run; no clear reopening or receiver mentioned in these articles.

Events (2)

1. June 30, 1928 Run
Cause Details
Undocumented run that depleted bank reserves; article gives no specific trigger.
Newspaper Excerpt
There was a run on the bank Saturday, State officials said.
Source
newspapers
2. July 2, 1928 Suspension
Cause
Government Action
Cause Details
Closed early by state bank examiners following the run that depleted reserves.
Newspaper Excerpt
The Clinton Trust Company at Clinton, Ind., was closed early today by State Bank Examiners
Source
newspapers

Newspaper Articles (6)

Article from The Daily Reporter, July 2, 1928

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Article Text

TRUST IS CLOSED EARLY TODAY July (U.P.) The Clinton Trust Company ton, Ind., closed early today, State banking department officials announc- on the bank occurred Saturday, the the officials said.


Article from Journal and Courier, July 2, 1928

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Article Text

Examiners Close Clinton, Ind.; Bank News Service) Ind., July Fol. run on the Clinton Trust company Saturday in which thousands of dollars reserve the closed by the banking the 16th failure Indiana since The bank organized 1914 and total There two other banks in Clinton


Article from Chronicle Tribune, July 2, 1928

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Article Text

Ind., July well dressed bandits chain store here today and sight scores of robbed the proprietor of $500. The bandits escap- CLINTON, Ind., July the Clinton Trust pany here Saturday in which thousdollars the bank's seriously depletthe bank was closed today the the 16th bank failure Indiana since January 1st. NOBLESVILLE, Ind., July The Citizens State Bank reopened today reorganized institution but with its old President William Dunn. There no run the bank business normal. NEW YORK. July on the of York. Governor Smith took things today. easy The presidential nominee will start off political fireworks Wednesday, the Fourth of July, speaking engagement the meeting new voters in city hall here. BICKNELL, Juny the running board of automobile when crashed into another chine Johnny Gaugh, killed here. several companthe ions returning from swimming the time of the accident. July indicted for the murder of the police "couldn't find.' captured here this former Captain of Detectives John Stege Ind., July against 37 alleged bootleggers catered Purdue University dents Lafayette, made known federal Hamcourt mond today when for those indicted were issued.


Article from The Indianapolis Times, July 2, 1928

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Article Text

CLOSE CLINTON BANK Run on Institution Leads to State Action. The Clinton Trust Company at Clinton, Ind., was closed early today by State Bank Examiners K. V. Brownell and J. W. Parrett, banking department officials announced. There was a run on the bank Saturday, State officials said. The institution, capitalized at $50,000, had loans totalling $650,000 according to its January statement, deposits of $790,000 and surplus and profits of $65,000. H. S. Pinson is president; S. E. Runyan, vice president, and Roy Slater, cashier.


Article from Muncie Evening Press, July 2, 1928

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Article Text

CLOSE CLINTON BANK INDIANAPOLIS, July 2. The Clinton Trust Company at Clinton, Ind., was closed early today, state banking department officials announced. A run on the bank OCcurred Saturday, the officials said.


Article from The Indianapolis Times, July 2, 1928

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Article Text

CLINTON Run on Institution Leads to State Action. The Clinton Trust Company Clinton, Ind., closed early today State Bank Examiners Parrett, bankdepartment officials announced. run bank Saturday, State officials The institution. capitalized at 000, had totalling cording to its January statement. deposits $790,000 and surplus and profits $65,000. Pinson president: Runyan, vice president, and Roy Slater, cashier.