The Citizens' Trust and Savings Bank — the Citizens' National's companion

1900 – 1938

The paired affiliate: In 1900 the men of the Citizens' National organized a state-chartered companion under Indiana law — carried in the county history as the Citizens' Loan, Trust and Savings Company and in the 1921 Polk directory as the Citizens' Trust and Savings Bank, at 112–114 West Jefferson Boulevard, the same address as the national bank, with capital of $300,000 and Marvin Campbell, the South Bend National's last president, as its president. Paired national-and-state institutions under one roof and one management were the era's standard device for doing the trust and savings business a national charter could not. The trust company outlived its national-bank partner by four years: when the Citizens' National failed in 1934, the Citizens' Trust and Savings stood among the licensed survivors of 1935, and on 1 August 1938 it consolidated with the City National Bank — the Citizens' National's successor — under the title The City National Bank and Trust Company. The pair was thus reunited inside the successor institution.

Sources:

1. Timothy E. Howard, A History of St. Joseph County, Indiana (1907), vol. 1, §16, "Banks" — the Citizens' Loan, Trust and Savings Company.
2. Polk's South Bend city directory, 1921, "Banks and Bankers" — the Citizens' Trust and Savings Bank, organized 1900, 112–114 West Jefferson, capital $300,000, Marvin Campbell president.
3. Rand McNally, Discontinued Bank Titles, final edition (1942) — the consolidation of 1 August 1938 with the City National Bank under the title The City National Bank & Trust Co.
4. Federal Reserve Bank of Chicago, list of banks licensed to reopen, List No. 21, as of 30 June 1935 — the Citizens Trust and Savings Bank among the licensed survivors.