7288. Bankers Trust Company (Louisville, KY)

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: trust company
Start Date: November 20, 1930
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: c107060c

Response Measures

Full suspension

Other: Liquidation/receivership supervised by State Banking Commissioner and special deputy commissioner appointed.

Description

Contemporary reports (Nov 20, 1930) state heavy withdrawals/runs and that Bankers Trust closed its doors and turned its affairs over to the State Banking Commission for liquidation. Subsequent articles (Dec 11, 1930; Aug 1931; Jun 1932) describe appointment of liquidating agents and ongoing liquidation—no reopening. Cause of the initial run is tied to the recent closing of the National Bank of Kentucky and local bank failures, so the run is classified as driven by distress of other local banks.

Events (4)

1. November 20, 1930 Run

Cause: Local Banks
Cause Details: Runs and heavy withdrawals followed the recent closing of the National Bank of Kentucky and suspensions of nearby Louisville banks, producing withdrawals at Bankers Trust.
Measures: Directors turned affairs over to the State Banking Commission to conserve assets; closed doors to protect depositors.
Newspaper Excerpt: The Bankers' Trust company... closed its doors today shortly after the Union Central bank of Louisville and the Bank of Caneyville suspended business.
Source: newspapers

2. November 20, 1930 Suspension

Cause: Government Action
Cause Details: Directors placed the bank in the hands of the State Banking Commission for liquidation (closed to conserve resources).
Newspaper Excerpt: Bankers Trust company directors announced its affairs had been turned over to the State Banking Commission for liquidation.
Source: newspapers

3. December 11, 1930 Receivership

Newspaper Excerpt: Walter F. Jacob... appointed... Special Deputy Commissioner to liquidate the affairs of the Bankers' Trust Company by W. A. Dicken, State Banking Commissioner; lists assets and liabilities equal—liquidation proceedings underway.
Source: newspapers

4. August 23, 1931 Other

Newspaper Excerpt: Liquidating agents have been appointed for the following banks closed since November: ... Bankers Trust company, Louisville, $553,279.
Source: newspapers

Newspaper Articles (16)

1. November 20, 1930 The Courier News Blytheville, AR

Article from The Courier News, November 20, 1930

Click image to open full size in new tab

Article Text

Carolina, Missouri Kentucky Suspend Business. Nov. 20. (UP) Central Bank and Trust Asheville, the largest company banking house In western North Carolina, and the Biltmore Osteen bank. Institution, failed to open for business today. They state banks and are partially owned by the same InterMeanwhile the American Nationbank, controlled by the Central heavy run, dent Jenkins announced he expected to remain open. Notices posted on the doors the two banks that closed today stated the directors had decided close their doors for the purpose Invidation and to conserve for the benefit of depositors. Hannibal Bank Closes CITY, Mo., Nov. Hannibal Trust comone the largest banking institutions of northeast Missouri closed Its doors today after meetthe board of directors. The bank had resources of more than Louisville Banks Close Nov. 20. (UP) Bankers Trust at closed its doors today after the Union Central bank Louisville Bank of Canesville suspended bustThe Bankers Trust brought to the number of banks which. have suspended Kentucky since las' Monday. Six of them are in Louisville.

2. November 20, 1930 St. Louis Post-Dispatch St. Louis, MO

Article from St. Louis Post-Dispatch, November 20, 1930

Click image to open full size in new tab

Article Text

Central Bank and Trust Co. Largest in North Carolina Acts to "ConResort, serve Assets." FIVE OTHERS IN STATE SUSPEND President of First National Bank in Horse Cave, Ends Life After Saying He Erred in Closing. By the Associated Press The Central Bank Trust Co., largest financial institution in this immediate section, failed to open business today and noon other western North Carolina had closed their doors Capitalized $1,000,000, the Central Bank Trust Co. on Septhe date the last tember bank had deposits of approximately Other banks closing were the Bank here including its branch at Oteen Veterans' the First Bank Trust Co., the American Bank Trust Citizens National Bank Henand the Bank of LowThe closings Hendersonville left without banking facilities After the First Bank and Trust Co. there failed to open runs immediately developed on the American Bank and Trust and the Citizens' National Depositors stood in long lines in an effort to draw their The American remained open only minutes. Its officers, closing issued statement saying the action had been for protection of depositors and because of the run. Citizens closed an hour officers declared the institution The First Bank and Trust Co., had and of according to its last statement The American Bank and Trust reported deposits of approximately The National was capitalized of and of given by the directors Central Bank and closed anticipation of heavy the statement said, taken conserve depositors and only became that During the past days bank been forced heavy funds primary the clos. today said by John State Bank Exam. iner. to be the collapse real estate values from Two More Louisville Banks Close; Brown Displaced Nov Election of Henry Vogt, Louisville James president the formally nounced today The holding company the Nation. Bank of Kentucky, which closed Monday announced the Bancokentucky is continuing to do business under authority of its board of directors. who accepted resignation Brown president the National Bank of Kentucky, in hands Federal receiver. closing of which followed of business by other Kentucky banks The latter affiliated with one of the closed Monday Bankers Trust Louisville institution announced today had placed its affairs in the hands of the State Banking Coinmission for liquidation was opened this morning and decision shortly after noon. The Avery Building which holds mortgages many houses and lots. announced take advantage of the State law permitting not to make any for 30 days added "excellent financial con. Directors of the Union Central Bank of Louisville, an industrial toan bank organized two ago, announced would not open morning This bank. which has deposits of cleared through the Louisville Trust Co. suspended operations Mon day George Ewald president of Central Bank said he thought the depository fully solvent. Four More Arkansas Banks Suspend: Total for Week 62. By LITTLE ROCK, Ark., Nov 20. Suspension of four more banks in Arkansas reported to the State Banking Department today, bringing the this to Arkansas National Bank Heber Springs, which suspended Tuesday. reopened today. Those suspending today were the Bank of Ozan at Ozan and the Bank of Strawberry at Strawberboth for five days, and banks Bald Knob, the Bald Knob State Bank and the Citizens' continued today by directors of many of the

3. November 20, 1930 Imperial Valley Press El Centro, CA

Article from Imperial Valley Press, November 20, 1930

Click image to open full size in new tab

Article Text

MORE BANKS IN CENTRAL AREA CLOSE DOORS LOUISVILLE, Ky., Nov. 20. (U.P.) The Bankers' Trust company, capitalized at $500,000. closed its doors today shortly after the Union Central bank of Louisville and the Bank of Caneyville suspended business. The Bankers' Trust brought to 13 the number of banks which have suspended in Kentucky since last Monday. Six of them are in Louisville. JEFFERSON CITY, Mo., Nov. 20. (U.P.)-The Hannibal Trust company. one of the largest banking institutions of northeast Missouri, closed its doors today after a meeting of the board of directors. The bank had resources of more than $1,500,000. The state finance department here was advised of the failure, and sent Bank Examiner W. A. Chapman to Hannibal to take over affairs of the bank. Steady withdrawals of deposits were thought to be the cause of the closing. ASHEVILLE, N. C., Nov. 20. (U.P.) The Central Bank and Trust company of Asheville, the largest banking house in Western North Carolina. and the Biltmore-Oteen bank. a suburban institution. failed to open for business today. They are state banks and controlled by the same interests.

4. November 20, 1930 The Evening Sun Baltimore, MD

Article from The Evening Sun, November 20, 1930

Click image to open full size in new tab

Article Text

Pilot Decides To Remain Santander Harbor til Friday From Page 1] surplus of $204,261 and deposits miles in southwesterly direction, according to its last statethe plane, despite its twelve motors, of condition. flying an altitude of only Heavy runs developed early in the hundred meters. the American Bank There thirteen passengers Trust Company and the Citizens aboard in addition to tional Bank Hendersonville and closed The American and Trust Com pany, smallest of the three banks, deposits approximately $160,000 The Citizens capitalized surplus of $150,000 deposits $1,077,397. The Bank Lowell, in had deposits of $70,000 time its capitalized $20,000. Whether its failure open today with the other failures could learned. The closing of the three banks Hendersonville left that city proximately 8,000 residents without banking facilities. Other banks Asheville said this afternoon that they had experienced withdrawals, but were condition meet demands their deposmight make them. Realty Deflation Blamed Raleigh, Nov. cause the closing of primary Central Bank and Trust Company other western North Asheville and Carolina banks today named John Mitchell, State Bank Examiner the collapse real estate values from "highly inflated the section plane." President Hangs Self Horse the condition of bank William Virgil lieved have hang himself Bell, 55 years old, Bell the First Bank of Horse Cave. which closed Monday. His body was suspended from rafter found behind his residence. coroner's barn returned verdict suicide. his family, said Members temporarily dethey believed he said they had call neighbors ranged, him he took knife and quiet when the day before pistol his room Friends quoted yesterday had never would closed the President For 22 Years president of the bank Bell had been The institution years. twelve Kentucky that business this week. The pended Kentucky, Louistional Bank first close, served its ville, spondent. Directors of the Central Bank Louisville, industrial loan bank ganized years ago, announced would this morning. This open bank, which has deposits of about cleared through the 000,000, Trust which suspended operations when the National Bank Kentucky closed. George Ewald. president of the Cen Bank, said believed the was fully solvent, recent withdrawals forced the closing Two More Banks Closed Louisville, Nov. small banks in Louisville closed today result of the closing Monday the National Bank of Ken tucky. The Avery Building Associatook State mitting refuse allow without thirty notice. was made that James B. president resigned succeeded by Henry Louisville manufacturer. Changes the directoand would continue holding company the National Bank of Kentucky, now receivership. Today's closures brought twelve number banks the State closing the tional Bank which The Bankers' Trust Company shortly after turned its affairs State for liquidation

5. November 21, 1930 The Herald-Mail Hagerstown, MD

Article from The Herald-Mail, November 21, 1930

Click image to open full size in new tab

Article Text

BANKS WESTERN NORTH CAROLINA CLOSE Real Estate Boom Blame for Failure of Institutions Asheville, N. C., Nov. 20, With the real estate boom of a few years ago held responsible by the State Banking Department, the Central Bank and Trust Company here failed today, causing four other banks in western North Carolina to close their doors, and tying up towal deposits of more than $22,000,000. The Bank of Lowell, at Lowell, Gaston county, also closed today, but its closing was said to have no connection with the western North Carolina situation. Whether any of the banks would reopen was in doubt tonight. The Central Bank and Trust Company alone had deposits of more than $18,000,000 at the time of its last statement of condition on September 24. The other banks closing were: The Bank in Biltmore. Asheville suburb, with deposits of $615,051; the First Bank and Trust Company, Hendersonville, deposits, $1,207,628; the Citizens National Bank, Hendersonville, deposits, $1,077,397. and the American Bank and Trust Company, Hendersonville, deposits, $111,638. Four Banks Close Louisville, Ky., Nov. 20, (A).Two Louisville banks were closed today and two just across the Ohio river at New Albany, Ind., as a result of financial' difficulties following Monday's closing of the $54,000,000 National Bank of Kentucky. As the total of Kentucky banks closed was brought to twelve, plus the two New Albany banks, nine building and loan associations in Louisville took advantage of the law permitting them to require 30 days' notice for withdrawals. This was announced as purely precautionary measure nad the institutions were described as in good condition. The banks closing today were the Liberty State Bank, deposits. $286.000, and the American Bank and Trust Company, deposits. $2,430,000. both of New Albany. and two in Louisville, the Bankers Trust Company, deposits. $965,000, and the Union Central, deposits. $500.000. The two New Albany banks had no connection with any Louisville bank. Suspension Report Little Rock, Ark., Nov. 20, Suspension of four more banks in Arkansas was reported to the State Banking Department today, bringing the total this week to 62.

6. November 21, 1930 Daily News New York, NY

Article from Daily News, November 21, 1930

Click image to open full size in new tab

Article Text

6 BANKS CLOSE DURING DAY IN NORTH CAROLINA Asheville, N. C., Nov. 20 (A).Central Bank and Trust company, largest financial institution in this section, failed to open for business today and by noon five other western North Carolina banks had closed their doors. Heavy runs developed early in the morning on three banks at Hendersonville and they soon closed, leaving that city of 8,000 without banking facilities. The primary cause of the failures was given by John Mitchell, state bank examiner at Raleigh, as the collapse of real estate values in the section from a "highly inflated plane." 13th Bank in Kentucky Closes During Week. Louisville, Ky., Nov. 20 (U.P.) The Bankers Trust company closed its doors today shortly after the Union Central bank of Louisville and the Bank of Caneyville suspended business. The Bankers Trust brought to 13 the number of banks which have suspended in Kentucky since last Monday. Six of them are in Louisville.

7. November 21, 1930 Daily News New York, NY

Click image to open full size in new tab

Article Text

13th Bank in Kentucky Closes During Week. Louisville, Ky., Nov. 20 (U.P.). The Bankers Trust company closed its doors today shortly after the Union Central bank of Louisville and the Bank of Caneyville suspended business. The Bankers Trust brought to 13 the number of banks which have suspended in Kentucky since last Monday. Six of them are in Louisville.

8. November 21, 1930 Chattanooga Daily Times Chattanooga, TN

Article from Chattanooga Daily Times, November 21, 1930

Click image to open full size in new tab

Article Text

TWO LOUISVILLE BANKS, TWO IN INDIANA CLOSED From Page One. institutions said their banks are solvent, closed protect depositors after runs. Neither has any connection with any Louisville bank. Bankers Trust company directors anhad turned affairs over the banking liquidation conserve its assets. George R. Ewald, president of the

9. November 21, 1930 The Lewiston Daily Sun Lewiston, ME

Article from The Lewiston Daily Sun, November 21, 1930

Click image to open full size in new tab

Article Text

TWO MORE KENTUCKY BANKS ARE CLOSED Two Others Just Across the River from Louisville Also Suspend 13 Banks Closed This Week; Loan and Building Associations Take Precautions Louisville, Ky., Nov. 20-(P)-Two Louisville banks were closed today and two just across the Ohio river at New Albany, Ind., as a result of financial difficulties following Monday's closing of the $54,000,000 Na. tional Bank of Kentucky. This brought the total of Kentucky banks closed to 13, plus the two New Albany banks, and nine building and loan associations in Louisville took advantage of the law them to require 30 days' permitting notice for withdrawals This was announced as purely a precautionary measure and the institutions were described as in good condition. The banks closing today were the Liberty State Bank, deposits $286, 000, and the American Bank and Trust deposits both of New Albany, and two in Louisville, The Bankers Trust Co., deposits and Union Central, deposits $500,000. The two New Albany banks had no connection with any Louisville bank E. Elsey President of the American Bank and Trust Co. said his bank was entirely solvent but had to close to protect depositors because of run this M. E. Gable, President of the Liberty State Bank, said his concern was solvent but had to turn its fairs over to the Indiana State Bank ing Commissioner because "wild rumors" caused run. Bankers Trust Co., directors announced its affairs had been turned over to the Kentucky Banking Commission for liquidation to conserve

10. December 12, 1930 The Cincinnati Enquirer Cincinnati, OH

Article from The Cincinnati Enquirer, December 12, 1930

Click image to open full size in new tab

Article Text

Curb Recovers From Lows SPECIAL DISPATCH TO THE ENQUIRER New York, December 11-Announcement before the opening of the suspension of an important local bank brought the expected rush of selling orders on the Curb Exchange and prices were depressed throughout the list. Business was especially active in the utility and investment trust section of the market, where in some instances new low prices for the year were recorded. After the initial shock had passed there was an improvement in sentiment and a slowing down of liquidation, with some measure of recovery in spots. The fact that losses were lower. (Quotations by The not greater was regarded as encouraging. Such issues as Electric Bond Share, American Superpower and Niagara Hudson Power, together with Cities Service, bore the brunt of the pressure in the utilities, while Goldman Sachs had to absorb many large offerings in the investment trust section. Bonds were down sharply allround, losses ranging large fractions in high grades to several points in the more speculative descriptions. Denial was made from half dozen banks that they had sold any bonds whatever Most of them stated that the market was too thin in which to sell any important blocks of bonds. Foreign bonds were quiet and Associated Press.) LOUISVILLE BANK SOLVENT. BUREAU SPECIAL Louisville, Ky., December 11-The Bankers' Trust Company, which closed for the purpose of conserving resources, is solvent, according to information filed in Circuit Court day. Walter Jacob, realtor, atppointed yesterday as Special Deputy Commissioner to liquidate the affairs of the Bankers' Trust Company by W. Dicken, State Banking Commissioner, filed the information, which lists assets of the institution at $3,411,545.4 and liabilities at the same figure. Des Moines, December 11-(AP)The Sutherland State Bank, Sutherland, and the Ringgold County Savings Bank, Kellerton, Iowa, closed their doors today and turned their affairs over to the State Banking Department. The bank at Sutherland was capitalized at $40,000 and the Kellerton Bank at $25,000. (Sales in Hundreds) STOCKS. Prod (1.60) Gas Laundry Sug Mach (9G) Service Rey Do Bond Foreign Hugh Bak Min Ind Louis DOMESTIC BONDS. DOMESTIC BONDS. DOMESTIC BONDS. FOREIGN warrants. warrants.

11. December 12, 1930 The Cincinnati Enquirer Cincinnati, OH

Click image to open full size in new tab

Article Text

Bond Averages portance principally to the day-today speculators. Investment buying highest increased to slight extent among grade stocks. The Dow-Jones industrial average ended the day at 170.31, off 3.67, and new low since 1928. The rail average dipped to off 1.12, and new low since 1925. The utility figure was down only 0.68 at 59.18, 1930 low Sales to 2,888,910 shares, against 3,146,950 shares yesterday Stock Loan Rates. New York, December U. S. Steel, Illinois Central and Wheeling & Lake Erie and preferred 1-32 prem., Auburn 1-28 prem. Eastman Kodak Transamerica, and Westinghouse, 1-64 premium. Following stocks loaning flat: Air Reduction, Allis Chalmers, Allied Chemical, American Brown Boveri, American Can, American International American Locomotive, American Smelting, A. & American Tobacco, American Water Works, American Woolen common and preferred, Atchison, Anaconda, Baldwin, Baltimore & Ohio Bethlehem Steel, Chesapeake & Ohio, Chicago & East Illinois, Chicago Great Western common and preferred, St. Paul, Chicago, Pneumatic Tool, Rock Island Chrysler, Coca Cola. Columbia Gas, Consolidated Gas, Continental Can Crueible, Delaware & Hudson, Detroit, Edison, Drug, Du Pont, Electric Auto-Lite, Electric Power, Erie, Fox General Electric, General Motor, Gillette. Goodyear, Houston Oil, International Nickel, Johns Ken necott, Lambert, Liggett & Myers B. Lehigh Valley, Loose-Wiles Lorillard, Mack Truck, Montgomery Ward, Nash, National Dairy, New Haven New York Central, American, Phillips Pete, Procter & Gamble, Public Service, Pullman, Radio, R. K. O., Real Silk, Republic Steel, Royal Dutch, Frisco. Sears, Simmons, Sinclair Southern Railway, Standard Gas, Standard Oil, New York., Studebaker, United Aircraft, United Corporation. United Fruit. U. S. Pipe, Studebaker, U. S. Rubber, Wabash, Western Union and Woolworth. Loans Off $12,000,000. SPECIAL THE Washington, December 11.-Loans on stocks bonds brokers and dealers by reporting Federal Reserve member banks in New York City decreased $12,000,000 during week ended December 10, 1930, $2,099,000,000. This compares with $2,122,000.000 in previous week and $3,425,000,000 in like 1929 week. Detailed figures follow: December own account $1,293,000,000 For others Totals Demand loans were $1,551,000,000. time loans $547,000,000 and loans and investments $8,280,000,000. Dow-Jones Averages. 30 industrials 170.31. off 3.67. 20 railroads 97.68, off 1.12. 20 utilities 59.18. off 0.68. 40 bonds 93.28, off 0.45. Money. New York, December 11-(AP)Call money steady, two per cent all day. Time loans easy: 60 to 90 days to 24, four months 24, five to six months 2½ per cent. Prime commercial paper 2% to 3. Bankers acceptances unchanged. Comments By Brokers. Otis- view the news had rally up the some selling that commitments event may believe made for trading turnover the early yesterday found vidence Much has that has available by would giving seasoned earners yield market trend stage well be second SILVER. December silver LOUISVILLE BANK SOLVENT. Louisville, Ky., December 11-The Bankers' Trust Company, which closed for the purpose of conserving its resources, is solvent, according to information filed in Circuit Court to day. Walter F. Jacob, realtor, appointed yesterday as Special Deputy In Commissioner ot liquidate the affairs of the Bankers' Trust Company by W. A. Dicken, State Banking Commissioner, filed the information, which lists assets of the institution at $3,411,545.4 and liabilities at the same figure. Des Moines, December The State Bank Sutherland, and the Ringgold County Savings Bank, Kellerton, Iowa, closed their doors today and turned their affairs the State Banking Department The bank at Sutherland capitalized at $40,000 and the Kellerton Bank at $25,000. [Copyright, 1930, Standard Statistics Thursday Previous Month ago Year Two years 104.8 99.6 99.7 Three ago weekly aver. 102.3 High (1930). Low (1930) High (1929) Low (1929) 90.4 100.8 96.0 96.3 *New 1930 low.

12. December 12, 1930 The Cincinnati Enquirer Cincinnati, OH

Click image to open full size in new tab

Article Text

Curb Recovers From Lows SPECIAL DISEATCH TO THE New York, December 11-Announcement before the opening of the suspension of an important local bank brought the expected rush of selling orders on the Curb Exchange and prices were depressed throughout the list. Business was especially active in the utility and investment trust section of the market, where in some instances new low prices for the year were recorded. After the initial shock had passed there was an improvement in sentiment and a slowing down of liquidation, with some measure of recovery in spots. The fact that losses were not greater was regarded as encouraging. Such issues as Electric Bond Share, American Superpower and Niagara Hudson Power, together with Cities Service, bore the brunt of the pressure in the utilities, while Goldman Sachs had to absorb many large offerings in the investment trust section. Bonds were down sharply allround, losses ranging from large fractions in high grades to several points in the more speculative descriptions. Denial was made from half a dozen that they had sold any bonds Most them stated that the was too thin in which to sell any important blocks of bonds. Foreign bonds were quiet and lower. Associated Press.) LOUISVILLE BANK SOLVENT. information filed in Circuit Court to day. Walter F. Jacob, realtor, appointed yesterday as Special Deputy Commissioner to liquidate the affairs of the Bankers' Trust Company by W. A. Dicken, State Banking Commissioner, filed the information, which lists assets of the institution at $3,411,545.4 and liabilities at the same figure. Des Moines, December 11-(AP)The State Bank, Sutherland, and the Ringgold County Savings Bank, Kellerton, Iowa, closed their doors today and turned their affairs over to the State Banking Department. The bank at Sutherland was at $40,000 and the Kellerton Bank at $25,000. (Quotations (Sales (Sales Hundreds) MacMarr Laundry Aircraft Duquesne (6%F) Pow Foreign Fox Min Rubenstein Gold Louis DOMESTIC BONDS DOMESTIC BONDS. BELOIT GAS ELECTRIC FIRST 5% SINKING FUND BONDS. Notice hereby pursuant to the March use the reserves the right to ject any THE FIFTH THIRD UNION TRUST of Ohio, The Union Savings Bank & Trust Co. Ohio, November 28, 1930. Offices To Rent In Provident Bank Bldg. Best location in Cincinnati. In the heart of down town business district. All Modern Conveniences. INQUIRE Provident BUREAU Savings Bank & Trust Co. Louisville, Ky., December 11-The Seventh and Vine. Bankers' Trust Company, which closed for the purpose of conserving its resources, is solvent, according to

13. August 23, 1931 Henderson Morning Gleaner Henderson, KY

Article from Henderson Morning Gleaner, August 23, 1931

Click image to open full size in new tab

Article Text

Under the Dome of the Capitol The banking situation in Kentucky is beginning to take on a bright as pect, in the opinion of C.S. Wilson, state banking commissioner Rural banks have been replenish ed, he said, by a bumper lamb crop which brought in much needed cash. There were fewer sheep on Kentucky farms this year but the number of lambs raised per 100 ewes was greater than last year. The crop was of excellent quality. "What's needed now," remarked Commissioner Wilson, "is a good price for the tobacco erop." Reopening in Louisville tomorrow of the re-organized Louisville Trust company will be the ninth state bank that has re-opened out of the group that closed their doors to conserve assets in the wake of crash in Louisville last November 17. Another one, the Guaranty Bank and Trust company of Lex ington, has been taken over by the Citizens Bank and Trust company under the presidency of W A Dicken, former state banking com missioner Thirty banks and trust companies, under the supervision of the state banking department. have been suspended since January 1. 1929. The gross deposit liabilities of these institutions totaled $29, 087,437 Of the banks re-opened or liabilities assumed, the gross deposit liabilities totaled $6,410,677 The re-opening of the re-organized Louisville Trust company is pected to release gross deposit lia bilities of $13,869,914. This would make a total of gross deposit liabilIties released of $20,270,591 The state banking department estimates that amount of gross deposit liabilities of state banks in spspension from the period beginning January 1, 1929. will be $8,816,486 after the re-opening of the Louisville Trust All but nine of these state bank suspensions date after the closing of the Louisville Trust company and the National Bank of Kentucky in Louisville last November Lia bilities of the National Bank of Kentucky are not included in the state banking department's statis ties as it was under the supervision of the federal banking department. The National Bank of Kentucky has already paid a 67 per cent dividend Banks that closed prior to No vember have been or are being liquidated. These banks with the date of their closing and their gross deposit liabilities are listed here: Hickman Bank and Trust company 862: Hargis Bank and Trust company, Jackson, February 5. 1930. $554,368: Grayson County Bank Leitchfield. March 10. 1930. $357, 254: the Peoples bank. Mt. Vernon, April 22. 1930. $260,855: LaGrange Bank and Trust company. La Grange, May 26. 1930. $352,232: Bank of Russellville, Russellville, June 12, 1930. $183,660; Hazel Green bank. Hazel Green, June 30. 1930. $184,054; Elsmere Savings bank, Erlanger, July 3. 1930. $192. 870: Vine Grove State bank, Vine Grove, $91,464 The banks that have re-opened since November of last year in clude the Security bank, Louisville, with approximate gross deposit lia bilities of $1,996,001 It was able to open for business a few days after November 17. Other banks, with their gross deposit liabilities, that have reopened are: McElwainMcGuire Bank and Trust company, Franklin, $373,509; Bank of St. Helens, Shivley, $412,834: Peoples bank, Sulphur, $132,950; Bank of Crestwood State bank, Crestwood, $139,297 Fern Creek bank, Bue ton. $292,638: Bank of Sturgis, Sturgis, $256,463 Two negro banks, the First Standard bank and the American Mutual Savings bank, which closed in Louisville November 17. were later consolidated into the Mutual Standard bank. The bank result ing from the merger closed May 7 of this year and is being liquidated. Liquidating agents have been appointed for the following banks closed since November: Owsley County bang, Beoneville, $100,329: Union Central bank, Louisville, $503,578: Bankers Trust company, Louisville, $553,279. Hopkins County bank, Madisonville, $717,587: Woodbury Deposit bank, Woodbury, $37,693; Citizens Bank and Trust company, Middlesboro, $495,977: Webster County bank, Clay, $164, 676; Bank of Ludlow, Ludlow, $636,359; Bank of Hardinsburg and Trust company, Hardinsburg. $523.381. Liquidating agents have not been appointed for five state banks which have closed since the first of July. These banks are: Citizens

14. August 23, 1931 The Paducah Sun Paducah, KY

Article from The Paducah Sun, August 23, 1931

Click image to open full size in new tab

Article Text

COMPANION OF WEALTHY JAP IS SENT TO CLINIC Police Continue Quiz of Girl In Death of Importer; Illness Unknown NEW YORK, Aug. 22 (P)-Miss Mary Von Refssner, companion of Hisashi Fujimura, wealthy importer, on the Halifax boat trip during which he disappeared, is going to the hospital, her attorney announced today. The nature of her Illness was not revealed. The former showgirl appeared at the federal building with her lawyer for further questioning in connection with the importer's disappearance and reporters pressed forward to question her She turned away and the lawyer, Walter Godfrey, interposed: "Please don't bother her," he said. "I'm going to put this young lady in the hospital.' in Louisville Nov. 17, were later consolidated into the Mutual Standard bank. The bank resulting from the merger May of this year and is being liquidated. Liquidating agents have been appointed for the following banks closed since November: Owsley County bank, Booneville, $100,329; Union Central bank, Louisville $503,578; Bankers Trust company, Louisville, $553,279; Hopkins county bank, Madisonville, $717,587; Woodbury Deposits bank, Woodbury, $37,693; Citizens Bank & Trust Co., Middlesboro, $495,977; Webster County Bank, Clay, $164,676; bank of Ludlow, Ludlow, $636,359; Bank of Hardinsburg & Trust Co., Hardinsburg, $523,381. Liquidating agents have not been appointed for five state banks which have closed since the first of July. These banks are: Citizens bank, Drakesboro, $81,755; Bank of Barlow, Barlow, $91,910; Butler Deposit bank, Butler, $614, 388; Bank of Wayland, Wayland, $145,348; Beaver Valley State bank, Weaksbury, $112,269.

15. August 24, 1931 The Daily Independent Maysville, KY

Article from The Daily Independent, August 24, 1931

Click image to open full size in new tab

Article Text

of the re-organized Louisville Trust company is expected to release gross deposit liabilities of $13,859,914. This would make a total of gross deposit liabilities released of $20,270,591. The state banking department estimates that amount of gross deposit liabilities of state banks in suspension from the period beginning January 1, 1929, will be $8,816,846 after the re-opening of the Louisville Trust company, All but nine of these state bank suspensions date after the closing of the Louisville Trust company and the National Bank of Kentucky in Louisville last November. Liabilities of the National Bank of Kentucky are not included in the state banking department's statistics as it was under the supervision of the federal banking department. The National Bank of Kentucky has already paid a 67 per cent dividend Banks that closed prior to Novem- other one. the Guaranty Bank ber have been or are being liquidated. These banks with the date of Trust Company of Lexington, has been taken over by the Citizens their closing and their gross deposit Bank and Trust company under the liabilities are listed here: Hickman presidency of W. A. Dicken, former Bank & Trust Company, Hickman, state banking commissioner. Decemberf 30, 1929, $595,862: Hargis Thirty-seven banks and trust com- Bank & Trust Company, Jackson, panies, under the supervision of the February 5, 1930, $554,368; Grayson state banking department, have been County Bank, Leitchfield, March 10, suspended since January 1, 1929 1930, $357,254; the Peoples Bank, The gross deposit liabilities of these Mt. Vernon, April 22, 1930, $260,institutions totaled $29,087,437. Of 855; La Grange Bank and Trust the banks re-opened or liabilities Company, LaGrange, May 26, 1930. assumed, the gross deposit liabilities $352,232; Bank of Russellville, Rustotaled $6,410,677. The re-opening sellville, June 12. 1930. $183,660; Hazel Green Bank, Hazel Green, June 30. 1930, $184,054: Elsmere Savings Bank, Erlanger, July 3, 1930. $192,870: Vine Grove State Bank, Vine Grove, $91,464. The banks that have re-opened since November of last year include the Security Bank. Louisville with approximate gross deposit liabilities of $1,996,001. It was able to open for business a few days after November 17. Other banks, with their gross deposit liabilities, that have reopened are: McElwain-McGuiar Bank & Trust Co., Franklin. $373,509: Bank of St. Helens, Shively, $412,824: Peoples Bank, Sulphur, $132,950; Bank of Caneyville, Caneyville, $318,216; Crestwood State Bank. Crestwood, $139,297: Fern Creek Bank, Buechel, $151,279; Farmers Bank, Fulton, $292,638; Bank of Sturgis, Sturgis, $256,463. Two Negro banks, the First Standard Bank and the American Mu- tual Savings Bank. which closed in Louisville November 17. were later consolidated into the Mutual Standard Bank. The bank resulting from the merger closed May 7 of this year and is being liquidated. Liquidating agents have been appointed for the following banks closed since November: Owsley County bank, Boonevill, $100,329; Union Central Bank, Louisville, $503,578; Bankers Trust Company, Louisville, $553,279; Hopkins County Bank, Madisonville, $717,587; Woodbury Deposit Bank, Woodbury, $37,693; Citizens Bank & Trust Co., Middlesboro, $495,977; Webster County bank, Clay, $164,676: Bank of Ludlow, Ludlow, $363,359: Bank of Hardinsburg & Trust Co., Hardinsburg, $523,381 Liquidating agents hav not been appointed for five state banks which have closed since the first of July. These banks are: Citizens Bank, Drakesboro, $81,755; Bank of Barlow, $91,910: Butler Deposit Bank. Butler, $614,388; Bank of Wayland, Wayland, $145,348; Beaver Valley State Bank. Weaksbury, $113,269. Kentucky's Tourist Trade Geoffrey Morgan, acting executive secretary of the Kentucky Progress commission, attributes the increase in gasoline consumption in Kentucky this year to the Progress commission's efforts in advertising the state's tourist attractions. The first six months of this year showed an increase in gasoline taxes of $180,178.03 over the same period last year. "It certainly pays to advertise," said Mr. Morgan, citing these statistics. "Take the figures for Janusry. The tax commission showed gasoline taxes collected in January of this year totaled $620,885.50 as compared with $503,046.73 for January of 1930. That is an enormous difference. The reason for it is this. We had an open winter the first of this year. So the tourists in Florida began flocking home. We had been advertising Kentucky among the tourists and the result was many of these tourists returned northward by way of Kentucky."

16. June 27, 1932 The Courier-Journal Louisville, KY

Article from The Courier-Journal, June 27, 1932

Click image to open full size in new tab

Article Text

THE BANKERS TRUST COMPANY. Louisville depositors the Trust extend vote thanks Jacobs his Judge they ministered affairs bank. bank closed some eighteen ago that time, accordauditor's report, turned liquidating Today, this and also along seems and the depositors majority them, too poor action. Again Jacobs and his DEPOSITOR.