Frozen Assets Blame in City Trust Bank Closing
The state banking department prepares to liquidate City Trust Company after it closed at noon Thursday. Frozen assets and a weak real estate market hindered the bank’s condition, says president Dick Miller. The bank reported assets of 5.36 million and deposits of 2.03 million. liabilities include 1.02 million in deposits and 1.67 million in first mortgage certificates. The final loss will await an audit and liquidation will be slow due to the asset mix.
MENTIONED IN THIS ARTICLE
State Banking Department
City Trust Company
Dick Miller
Trust Company
H. J. Barnard
H. O. Garman
J. D. Peterson
E. H. Richardson
Dwight A. Murphy
C. Milton Kelly
E. W. Davey
K. E. Smith
Miller
W. F. Fox Sr
Garman
Alfred Henry
Kelly
Barnard
Murphy
James M. Ogden
Peterson, Richardson
John T. van Zant
State Sank
South
Ilinois Street
A. C. Brock
City Trust Company Liquidates Under Banking Dept Action
The City Trust Company closed its doors amid pending withdrawals and to protect depositors. Dick Miller and other officers face liabilities. board favored liquidation after failing to secure necessary credit. Luther F. Symons, banking commissioner, took charge and noted possible losses to shareholders and depositors while City Securities Corporation operations continue.
MENTIONED IN THIS ARTICLE
City Trust Company
Trust Company
Banking
City Securities Corporation
The
Securities Corporation
Luther F. Symons
Medical Group Will Elect New Leaders At Lincoln Convention
The north central branch of the American Urological Association will elect officers this afternoon in Lincoln. About 100 physicians from middle western states attend a three day convention that opened Thursday with clinics at the city hospital. The group will adjourn at noon after clinics and many delegates will travel to Lafayette for the Purdue Wisconsin football game.
MENTIONED IN THIS ARTICLE
North Central
American Urological Association
Lincoln
Middle Western States
City Hospital
Lafayette
Indiana Legion Auxiliary names new state officers
Mrs Elizabeth Raymond of Edinburg announces committees for the Indiana American Legion Auxiliary at Legion headquarters. New state president and officers installed include Ruth McConnell Fowler first vice president and Margaret Moreland Munice second vice president.
MENTIONED IN THIS ARTICLE
Indiana American Legion Auxiliary
Elizabeth Raymond
Edinburg
Legion
Ruth McConnell
Fowler
Margaret Moreland
Muncie
Cordie Simon
Edna Kenny Werkhoff
Lafayette
Blanche Mount
Tipton
Blanche McClung
Ace Effie
Also Mentioned on This Page
Bek
Capitol Motors Co
N. Capitol Ave
Gist
Vth
Sith
Windsor
Indiana
Jacquard
Washington Street
Hirschman
Greenfield
Ind
East Washington Street
Department of Banking of the
State of
Names Legion Auxiliary Aids
Mrs. Raymond
Fowles
Willyiamete Lemmon
Greensburg
Mary Kirkff
Indianapolis
Aramintant
Jeffersonville
Myrtle Meyers
Green Service
Hulda Batchelder
LaPorte
Helen Beckman
Jasper
Minna Bernstein
Cglaman’s ‘Sro
Mid-West Heating & Service CO
East 10Th St
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