Trigg National Bank - Glasgow, KY

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: national
Bank ID: 5486
Charter Number: 5486
Start Date: January 12, 1932
Location: Glasgow, Kentucky (36.996, -85.912)

Metadata

Model: gpt-5-mini
Short Digest: d3b7ceeb

Response Measures

Full suspension

Receivership Details

Depositor recovery rate: 55.8%
Date receivership started: 1932-01-28
Date receivership terminated: 1937-11-09
Share of assets assessed as good: 59.7%
Share of assets assessed as doubtful: 35.8%
Share of assets assessed as worthless: 4.5%

Description

Article (The Birmingham News, 1932-01-12) reports Trigg National Bank closed its doors Tuesday and that directors decided to suspend to protect the depositors' interests following run the institution. No later article in the set mentions reopening or receivership, so outcome is unclear.

Events (4)

1. July 7, 1900 Chartered

Source: historical_nic

2. January 12, 1932 Run

Cause Details: Article states there was a run but does not specify a trigger (rumor, correspondent failure, or bank-specific scandal not described).
Measures: Depositors' withdrawals led directors to suspend operations; bank closed its doors.
Newspaper Excerpt: The Trigg National Bank with deposits of more than $1,000,000, closed its doors Tuesday. notice the stated the directors decided to suspend to protect the depositors' interests following run the institution.
Source: newspapers

3. January 12, 1932 Suspension

Cause Details: Suspension announced by directors explicitly as response to the run; no government action or voluntary liquidation mentioned.
Newspaper Excerpt: the directors decided to suspend to protect the depositors' interests following run the institution.
Source: newspapers

4. January 28, 1932 Receivership

Source: historical_nic

Newspaper Articles (1)

1. January 12, 1932 The Birmingham News Birmingham, AL

Article from The Birmingham News, January 12, 1932

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Article Text

CLOSED BANK BURNED Bogue Chitto Institution's Building Destroyed By Fire Planters Bank, which suspended business Monday, was destroyed by fire The banking rooms on the first floor of the two story brick building. Masonic Lodge rooms on the second and one-story brick store buildwere Origin of the blaze not been deterB. E. Brister, president of the bank and owner of the building, estimated the total loss at $15,000. The vault of the bank remained intact. HARLAN, (INS) Financial troubles were added Tuesday to Harlabor The Citizens National Bank failed to open and notice on the doors said the directors voted to close the institution to conserve the assets for the depositors. The statement of the bank for the close of business Dec. showed has than $1,000,000 deposits. L. Bowling is president and S. G. Aldhiser, cashier. GLASGOW, Ky. (INS) The Trigg National Bank with deposits of more than $1,000,000, closed its doors Tuesday. notice the stated the directors decided to suspend to protect the depositors' interests following run the institution. This left Glasgow with three other national banks, 98 SHIPS ENTER MOBILE MOBILE- M. Caskie, general manager of the state docks, anTuesday that 98 vessels entered the Port of Mobile during DeForeign headed the list with 50 arrivals. The represented tonnage was 220,656,