gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
98495f1c0bea2464
Response Measures
None
Description
Trust was tied to the suspended German National Bank and was placed in receivership, later assigning assets.
Events (3)
1.January 20, 1897Receivership
Newspaper Excerpt
Judge Toney this afternoon appointed Charles F. Taylor receiver of the Germania Safety Vault and Trust Company.
Source
newspapers
2.January 20, 1897Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suit alleged violation of the charter and the trust company had large deposits with the suspended German National Bank.
Newspaper Excerpt
Judge Toney this afternoon appointed Charles F. Taylor receiver of the Germania Safety Vault and Trust Company.
Source
newspapers
3.March 9, 1897Other
Newspaper Excerpt
The Germania Safety Vault and Trust company made an assignment this afternoon to the Columbia Finance and Trust company.
Source
newspapers
Newspaper Articles (10)
1.January 21, 1897Richmond DispatchRichmond, VA
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Article Text
Receivership for Trust Company. LOUISVILLE, KY., January 20.-Judge Toney this afternoon appointed Charles F. Taylor receiver of the Germania Safety Vault and Trust Company. Suit for the appointment was brought by Herman Wille and A. M. Emler, who allege a violation of the charter. The stock of the trust company is all practically owned by stockholders of the suspended German National Bank. 11 is now said the stockholders of the bank will have to be assessed to pay depositors in full. The trust company capital stock is $200,000.
2.January 21, 1897Birmingham State HeraldBirmingham, AL
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Article Text
STOCKHOLDERS TO SUFFER. Louisville, Ky., Jan. 20.-Judge Toney this afternoon appointed Charles F. Taylor receiver of the Germania Safety Vault and Trust company. Suit for the appointment was brought by Herman Wille and A. M. Emler, who allege a violation of the charter. The stock of the trust company is all practically owned by the stockholders of the suspended Germania National bank. It is now said the stockholders of the bank will have to be assessed to pay depositors in full. Trust company capital stock is $200,000.
3.January 21, 1897The Salt Lake HeraldSalt Lake City, UT
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Article Text
Stockholders Will Be Assessed. Louisville, Jan. 20.-Judge Toney this evening appointed Charles F. Taylor receiver of the Germania Safety Vault and Trust company. The suit for the appointment was brought by Herman Wille and A. M. Elmer, who allege a violation of the charter. The stock of the trust company is practically owned by the stockholders of the suspended German National bank. It is now said the stockholders of the bank will have to be assessed to pay depositors in full. The trust company's capital stock is $200,000.
TRUST COMPANY TIED UP News of Failures of Various Magnitude in Divers Places. Louisville, Ky., Jan. 20.-The Germania Safety Vault and Trust company went into the hands of a receiver this afternoon at 1 o'clock. Mr. Charles Taylor was named as receiver. The failure was brought about by a suit filed by Herman Wile and F. M. Emler, who claimed that the trust company did not have invested such funds as were required by law and also that it had on deposit with the German National bank.
5.January 21, 1897The Morning NewsSavannah, GA
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Article Text
A TRUST COMPANY IN TROUBLE. It Was Bound Up With the Defunct German Bank of Louisville. Louisvile, Ky., Jan. 20.-Judge Toney this aftemoon appointed Charles F. Taylor receiver of the Germania Safety Vault and Trust Company. The suit for the appointment was brought by Herman Wille and A. M. Emler, who ailege a violation of the charter. The stock of the trust company is practically owned by the stockholders of the suspended Geman National Bank. It is now said the stockholders of the bank will have to be assessed to pay depositors in ful. The trust company's capital stock is $200,000.
6.January 23, 1897The Copper Country Evening NewsCalumet, MI
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Article Text
Another Failure at Louisville. Louisville, Ky., Jan. 21.-The Germania Safety Vault and Trust company went into the hands of a receiver Wednesday afternoon. Mr. Charles Taylor is named as receiver. The failure was brought about by a suit filed by Herman Wile and E. M. Emler, who claimed that the trust company did not have invested such funds as were required by law, and also that it had on deposit with the German National bank, now in the hands of Examiner Scott, about $100,000.
7.March 10, 1897The Saint Paul GlobeSaint Paul, MN
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Article Text
Louisville Assignment. LOUISVILLE, Ky., March 9.-The Germania Safety Vaulty and Trust company made an assignment this afternoon to the Columbia Finance and Trust company. No schedule of assets and liabilities was filed. The Germania company went into the hands of a receiver when the German National bank collapsed, J. M. McKnight being president of both institutions. It was reorganized, but was unable to do a paying business.
8.March 10, 1897The Houston Daily PostHouston, TX
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Article Text
Germania Trust Company. Lousiville, Ky., March 9.-The Germania Safety Vault and Trust company made an assignment this afternoon to the Columbia Finance and Trust company. No sched ile of assets and liabilities was filed. The Germania company went into the hands of a receiver when the German National bank collapsed. J. M. Knight being president of both institutions. It was reorganized, but was unable to do a paying business.
9.March 10, 1897The Salt Lake HeraldSalt Lake City, UT
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Article Text
" " Rah For McKinley." Louisville, Ky., March 9.-The Germania Safety Vault and Trust company made an assignment this afternoon. The failure was caused by the suspension of the German National bank, in which the Trust company was a large depósitor. The capital stock is $200,000. The last statement placed the assets and liabilities at $271,130 each. It is thought that stockholders will realize 50 cents on the dollar.
10.March 14, 1897San Antonio Daily LightSan Antonio, TX
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Article Text
SAFETY VAULT FAILS. Special Wire to Sunday Light. Louisville, Ky., March 13.-The Germania Safety Vault and Trust company has assigned. The failure was caused by the suspension of the German National bank, in which the trust company was a large depositor. The capital stock is $200,000. The latest statement placed the assets and liabilities at $271,136 each. It is thought that stockholders will realize 50 cents on the dollar.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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Germania Safety Vault & Trust Company · UID 2388292091165
