Citizens Third National Bank & Trust Company (Greensburg, IN)

Episode Information

Episode UID
284401610
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
28440 national
Charter Number
2844
Start Date
February 26, 1934
Location
Greensburg, Indiana (39.337, -85.484)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
200018aa0f1783e3

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1934-02-26
Date receivership terminated
1938-09-20
Share of assets assessed as good
79.4%
Share of assets assessed as doubtful
20.1%
Share of assets assessed as worthless
0.6%

Description

Article 1 contains obvious OCR garbling of some words but identifies appointment of a receiver.

Events (6)

1. December 21, 1882 Chartered
Source
historical_nic
2. February 26, 1934 Receivership
Source
historical_nic
3. February 26, 1934 Receivership
Newspaper Excerpt
named bank receiver ... has been receiver the former Citizens Third National Bank Trust Company here. He succeeds Locke of the institution.
Source
newspapers
4. February 26, 1934 Suspension
Cause
Government Action
Cause Details
Controller of the Currency appointed a receiver for the bank (federal action).
Newspaper Excerpt
John F. Russell, president of local milling company, today notice the controller of the currency that he had been receiver the former Citizens Third National Bank Trust Company here.
Source
newspapers
5. August 10, 1934 Other
Newspaper Excerpt
Indications are that a second dividend will be paid by fall by the receiver for the Citizens Third National bank ... those having claims against the institution should file them at once.
Source
newspapers
6. May 28, 1935 Other
Newspaper Excerpt
For the past year Russell has been receiver for the Citizens' Third National Bank and Trust company of Greensburg. He will have charge of the liquidation of both institutions.
Source
newspapers

Newspaper Articles (4)

Article Text

NAMED BANK RECEIVER. GREENSBURG Feb. John F. Russell, president of local milling company, today notice the controller of the currency that he had been receiver the former Citizens Third National Bank Trust Company here. He succeeds Locke of the institution. assets the the formed Decatur CounNational Bank


Article from The Indianapolis Times, August 10, 1934

Click image to open full size in new tab

Article Text

Bank Dividend Due By Times Special GREENSBURG, Ind., Aug. 10.Indications are that a second dividend will be paid by fall by the receiver for the Citizens Third National bank, it was revealed today with the announcement that those having claims against the institution should file them at once. This also applies to those who received the benefit of the first dividend, it was stated.


Article Text

NAMED BANK RECEIVER GREENSBURG, Ind., May 28.โ€”(I.N.S.)โ€”John F. Russell, local milling company president, has been notified by the controller of currency in Washington of his appointment as receiver for the First National bank of Shelbyville, it was made known here. He will succeed Morton Lamb, of Kokomo, who resigned. He will take up his duties May 31. For the past year Russell has been receiver for the Citizens' Third National Bank and Trust company of Greensburg. He will have charge of the liquidation of both institutions.


Article Text

NAMED BANK RECEIVER GREENSBURG, Ind., May 28.โ€”(I.N.S.)โ€”John F. Russell, local milling company president, has been notified by the controller of currency in Washington of his appointment as receiver for the First National bank of Shelbyville, it was made known here. He will succeed Morton Lamb, of Kokomo, who resigned. He will take up his duties May 31. For the past year Russell has been receiver for the Citizens' Third National Bank and Trust company of Greensburg. He will have charge of the liquidation of both institutions. Magazine Hits Carlson Chief Deputy Carlson took the platform and chided the crowd for its behavior and warned that deputies were sprinkled about ready to see that Johnson and Trester reached home safely. A brawny farm hand shot overhead and sent a magazine at Carlson's head. The crowd, still seething with indignation, finally disbanded. Johnson was reported to have been escorted home in a deputy's car after his own auto had been tampered with. Superintendent Dickey was the target of an ouster move by predecessors of the present school board about a year ago.