Citizens Trust & Guaranty Company (Parkersburg, WV)

Episode Information

Episode UID
3233948391459
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
323394839 hash
Start Date
July 26, 1921
Location
Parkersburg, West Virginia (39.267, -81.562)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8c38a5f25ed7379a

Response Measures

None

Description

Articles use both Guarantee and Guaranty spellings; receivership later confirmed by court action.

Events (2)
1. July 26, 1921 Other
Newspaper Excerpt
A receiver had been appointed for the Citizens Trust and Guarantee Company of Parkersburg, but that is not a bank...I have been in telephone communication with the bank and officials of it are very much concerned over the erroneous report that has been sent out.
Source
newspapers
2. August 6, 1921 Receivership
Newspaper Excerpt
Judge Walter E. McDougle has appointed William G. Peterkin receiver for the Citizens' Trust and Guaranty Company, of this city. The suit was filed...it is claimed in the bill of particulars filed that the company is insolvent.
Source
newspapers

Newspaper Articles (3)
1. July 26, 1921 Martinsburg Journal Martinsburg, WV
Article from Martinsburg Journal, July 26, 1921

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Article Text

from Parkersburg to the effect that a receiver had been named for the Central Panking and Trust Company of that city were declared erroneous in a statement issued today by J. S. Hill, state banking commissioner. "A receiver," Mr. Hill said, "had been appointed for the Citizens Trust and Guarantee Company of Parkersburg, but that is not a bank. There have been no recent bank failures in Parkersburg," Commissioner Hill said today. "Not only that but there have been no recent failures in West Virginia." I have been in telephone communication with the bank and officiais of it are very much concerned over the erroreous report that has been sent out.

2. July 26, 1921 The Wheeling Intelligencer Wheeling, WV
Article from The Wheeling Intelligencer, July 26, 1921

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Article Text

No Receivership For Bank at Parkersburg Parkersburg W Va. July 3. A news dispatch sent from this city Sunday night announcink that a receiver had been named for the Central Bank and Trust company was erroneous off. dais of the Central Bank and Trust company and state banking criticials today denied that a receiver had been appointed for that institution and pointed out that there had been no reant bank failures in Parkersburg or in the motife state of West Virginia The receiver in question was named for the Citizens Trust & Guarantee company of Parkersburg The latter institution is not a bank state banking ufficials said.

3. August 7, 1921 The Washington Times Washington, DC
Article from The Washington Times, August 7, 1921

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Article Text

Receiver for Trust Co. PARKERSBURG, W. Va., Aug. 6. As a result of suit filed in the Wood circuit court, Judge Walter E. McDougle has appointed William G. Peterkin receiver for the Citizens' Trust and Guaranty Company, of this city. The suit was filed by R. J. A. Boreman as plaintiff and there are more than 200 persons named as defendants. It is claimed in the bill of particulars filed that the company is insolvent. Peterkin gave bond in $10,000.