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The Trustees System Service was an American loan and thrift institution founded in
Birmingham, Alabama Birmingham ( ) is a city in the north central region of Alabama, United States. It is the county seat of Jefferson County, Alabama, Jefferson County. The population was 200,733 at the 2020 United States census, 2020 census, making it the List ...
in 1914. It was capitalized by wage earners in the American Midwestern cities in which it operated, and made unsecured loans out of this capital based on borrowers' budgets, income, and reputation for paying their debts. It published credit reports, and wrote insurance policies covering
property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, re ...
and
life Life, also known as biota, refers to matter that has biological processes, such as Cell signaling, signaling and self-sustaining processes. It is defined descriptively by the capacity for homeostasis, Structure#Biological, organisation, met ...
. It established a new headquarters in
Chicago, Illinois Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...
, where it built the Trustees System Service Building in
1930 Events January * January 15 – The Moon moves into its nearest point to Earth, called perigee, at the same time as its fullest phase of the Lunar Cycle. This is the closest moon distance at in recent history, and the next one will be on J ...
. The bank collapsed some years later, and a receiver was appointed in late October 1932. It was held bankrupt in January 1934.


References

1914 establishments in Alabama Bankrupt companies of the United States Defunct banks of the United States 1934 disestablishments in Illinois {{US-bank-stub