Louisville National Bank - Louisville, KY

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5161
Charter Number: 5161
Start Date: *
Location: Louisville, Kentucky (38.254, -85.759)

Metadata

Model: gpt-5-mini
Short Digest: 4e60b7da

Response Measures

None

Description

Article (Dec 2, 1930) reports legal suits alleging mismanagement against officers of the Louisville National and related trust; text says companies closed and that Caldwell and company now receivership. No explicit mention of a depositor run. The bank appears to have been closed and placed in receivership (government action) following alleged malfeasance.

Events (4)

1. December 23, 1898 Chartered

Source: historical_nic

2. May 15, 1929 Voluntary Liquidation

Source: historical_nic

3. * Receivership

Newspaper Excerpt: Caldwell and company now receivership.
Source: newspapers

4. * Suspension

Cause: Government Action
Cause Details: Bank and related trust were closed and placed in receivership amid lawsuits alleging mismanagement of capital, surplus and deposits; suits seek recovery and allege waste and improper loans/transfers by officers/associates.
Newspaper Excerpt: the companies all closed ... Caldwell and company now receivership.
Source: newspapers

Newspaper Articles (1)

1. December 2, 1930 Green Bay Press-Gazette Green Bay, WI

Article from Green Bay Press-Gazette, December 2, 1930

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Article Text

BANCOKENTUCKY TO FACE $25,000,000 RECOVERY ACTIONS Allege Mismanagement of Capital, Surplus and Deposits. cover from officers directors of the comLouisville National and the National Louisville Trust of and filed in Circourt brought Dr. Luther Ky and Rogers Bevier and in the National Bank of KenRecovery sought the ground alleged and the capital. surplus, deposits other the companies all closed The petition charges the officers with various unlawful and sues name stockholders creditors and depositors. The petition the recovery obtained creed trust to be apportioned equitable Defendants are charged with having wasted maintaining fictitious market for tucky own tutions on capital buy market of real value, having the fiduciary trustee funds having exchanged that Caldwell and company when the lathad market and the company was and loaned millions Caldwell without security. Caldwell and company now receivership.