Peoples Trust Company - Alexandria, IN

Episode Information

Episode UID: 71034171501
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 7103417 routing
Routing Number: 71-0341
Start Date: January 22, 1925
Location: Alexandria, Indiana (40.263, -85.676)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 264199109a81330f

Response Measures

None

Description

Stockholders voted to liquidate in January 1925; assets/liabilities assumed by Commercial Bank Trust Co.

Events (1)

1. January 22, 1925 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders voted at the January 1925 annual meeting to liquidate; Commercial Bank Trust Co. purchased and assumed assets and liabilities.
Newspaper Excerpt: consolidation by purchase of the Peoples Trust Co. and the Commercial Bank Trust Co., under the terms of which the latter assumes all assets and liabilities of the former.
Source: newspapers

Newspaper Articles (1)

1. January 23, 1925 The Alexandria Times-Tribune Alexandria, IN

Article from The Alexandria Times-Tribune, January 23, 1925

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Article Text

BANK MERGER CAUSES EXTRA WORK CLERKS Announcement in Yesterday's Was Surto Business Circles prise Running neck and neck with the citement caused by the holding the Peoples Trust Co. high noon yesterday by two youthful bandits still in their teens the announcement that appeared in Thursday's of the consolidation by purchase of the Peoples Trust Co. and the Commercial Bank Trust Co., under the terms of which the latter assumes all assets and liabilities of the former. The deal which has been pending ever since the stockholders voted to liquidate the Peoples Trust January 1925, at their annual meeting, was closed yesterday about an hour preceding Tobbery. Busy Transferring Accounts Last night and today the forces of both banks were busy transferring books and papers from the Peoples Trust Co. the Commercial Bank Trust Co. banking house. Customers of the former are requested to call the latter's of business the future. In all probability the furniture and fixtures now in the building vacated by the Peoples Trust Co. will be offered for sale. The building property of Anna Hall. destrability in the heart of the business vious and the chances are that will not stand vacant for length any time. They Do. John secretary Peoples Trust now longer hanker, tarming, raising hogs and soy beans. Ed Heritage and Miss Edith, also officials of the liquidated institution, haven't made any plans to thefr future. Ed says he may decide join Lotus Eaters," club composed Perry, Baker, Charles Carver and Court Jones, organization of gentlemen who believe that abstinance physical work ultra human existence.