Fidelity Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: January 1, 1930*
Location: Detroit, Michigan (42.331, -83.046)

Metadata

Model: gpt-5-mini
Short Digest: 6f9ead3a

Response Measures

None

Description

Article states an individual 'reentered the banking business as receiver for the Fidelity Trust Company' after the early-1930s bank crash. No article text describes a run or a suspension explicitly; receivership implies the bank closed permanently. Date of receivership not specified beyond 'early '30's.'

Events (1)

1. January 1, 1930* Receivership

Newspaper Excerpt: he reentered the banking business as receiver for the Fidelity Trust Company and later became conservator for the Detroit Trust, of which he subsequently was appointed board chairman.
Source: newspapers

Newspaper Articles (1)

1. July 10, 1941 Detroit Evening Times Detroit, MI

Article from Detroit Evening Times, July 10, 1941

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Article Text

RETIRED IN 1924 His industry and savings enabled him to buy control of the Central Savings Bank in 1900 and he thereafter occupied an important position in the city's financial life. He retired in 1924 but after the bank crash of the early '30's, reentered the banking business as receiver for the Fidelity Trust Company and later became conservator for the Detroit Trust, of which he subsequently was appointed board chairman.