First National Bank (Gasport, NY)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
December 30, 1931
Location
Gasport, New York (43.199, -78.576)
Bank Type
national
Charter Number
10623

Metadata

Receivership Details

Depositor recovery rate
62.6%
Date receivership started
1931-12-30
Date receivership terminated
1935-11-18
Share of assets assessed as good
36.4%
Share of assets assessed as doubtful
47.6%
Share of assets assessed as worthless
16.0%

Notes

Articles (Aug 1932) list the bank as already in receivership; known receivership date predates these reports.

Events (4)

1. September 25, 1914 Chartered
Source
historical_nic
2. December 30, 1931 Receivership
Newspaper Excerpt
Gasport, First National Bank (receiver), $19,400.
Source
newspapers
3. December 30, 1931 Receivership
Source
historical_nic
4. July 31, 1932 Other
Newspaper Excerpt
RFC loan authorized to Gasport, First National Bank (receiver), $19,400.
Source
newspapers

Newspaper Articles (10)

Article Text

banking institution

The statement loans authorised oNew England banks and some New York banks during the ten day period under section five of the reg. of interest cent follows: Connecticut: Bridgeport, Commercial Bank and Trust Company, $20,000. Broad Brook, Break Brook Bank and Trust Company, $6,000. Hartford, Hart Street Bank and Trust Company, Waterbury Trust Company, $50,000. Framingham, Trust Compnay, $100,000. New York: Bellerose, First National Bank $90,000. Depew, Bank of Depew, $15,000. Gasport, First National Bank receiver, $19,400. Ilion, Manufacturers' Bank $50,000. Mahopac National Bank $26,000. Newfanse, tSate Bank of Sodus, First National Bank $70,000. Vermont: Richford, Richford Savings Bank and Trust $22,000. Windsor, Windsor County Trust, $86,000.


Article Text

MILLION

Washington, Aug. ing hte 10-day July 31st, the Corporation loaned $46,711,056 banks, building and loan associations, railroads and other agencies. The first report the corporation made public today by South Trimble clerk of the House Repaccompanied letter signed by Chairman Atlee Pomerene showing that 437 loans totalling had been made during the 10-day period and crease in loans authorized prior July 21st had totalled The letter said the total amount loaned was authorized banks and trust companies including aid in the reorganization closed banks: agriculture credit porations; $3,088,650 to building and loan to companies; $90,000 to joint stock land bank; $580.716 to live stock credit 000 loan companies; $6,826,700 railroads. The statement during 10-day period Section of interest cent includes following New York state institutions Bellerose, First National Bank $90,000 Depew, Bank of Depew, $15,000 Gasport, First National Bank (receiver), Ilion, Manufacturers NationBank Mahopac, Mahopac National Bank, $26,000 Newfane, State Bank of 500. Sodus, First National Bank of


Article Text

Sodus and Gasport Banks Obtain Loans

The statement of loans authorized in the day period under Section of the at rate of interest of act cent., includes: per New York Bellerose, First NationBank, of, $90,000; Depew, Bank of Depew, $15,000; Gasport, First tional Bank (receiver). Manufacturers' National Bank Ilion $50,000; Mahopac, Mahopac National Bank of, Newfane, State Bank of, $17,500; Sodus, First National Bank of,


Article Text

NEW YORK

Bellerose, First National Bank of, $90,000 Depew, Bank of Depew, Gasport, First National Bank of (receiver) $19,400. Ilion, Manufacturers National Bank of. $50,000. Mahopac, Mahopac National Bank $26,000. Newfane, State Bank of, $17,500. Sodus, First National Bank of, $70,000.

NORTH CAROLINA

Aberdeen, Page Trust Co. Conway, Bank of, $4,000 Four Oaks, Bank $4,000. Bank of $2,000.

NORTH DAKOTA

Aneta, Peoples State Bank of, Liberty National Bank Cascoyne, First State Bank of, Marmarth, First National Bank $12,000. Rugby, Citizens State Bank Sterling State Bank First State Bank

OHIO

Attica. the Sutton State Bank $30,000 Canfield Farmers National Bank Chagrin Falls, Chagrin Falls Banking Co. $200,000 Cleveland, Union Trust Co. $1,Coldwater. Peoples Bank Company Winters National Bank Trust Co. $1,700,000. Napoleon, Commercial State Bank Orrville, Orrville National Bank $18,000 Steubenville, Peoples National Bank Tiffin National Bank $110,500 Toronto Union Savings Bank West First State Bank $20,600.

Antlers, First State Bank $28,000.

Boise Citizens Home Bank First State Bank Security State Bank

OREGON Beaverton Bank of National Bank Klamath American tional Bank of First Inland tional Bank $50,000. Montavilla Savings $49,400 Scappoose, First National Bank $6,500. Stockgrowers Farmers Bank, Woodburn. Bank of Woodburn,

Liberty Trust Co. Altoona, Central Trust Co., $60,Bethlehem Bethlehem National $300,000 Blairsville Blairsville Savings and Trust $100,000 Chester, Cambridge Bank and Trust $365,000. Union Trust Co., Coraopolis Coraopolis Trust Dale Johnstown Dale National Bank $16,800. DuBois Union Bank and Trust of Duquesne, Duquesne Trust Co., Erie Trust $500,000. Glassport, Glassport Trust Grove City, First National Bank $94,000. Farmers Trust Co., McKeesport, National Bank of Old Forge, Old Forge Discount and Deposit Bank Parsons, Citizens Bank of 000. Philadelphia, Real Title and Trust Pittsburgh, Allegany Trust Co., Penna Trust Co., $55,000. Green Rridge Bank $15,000. Pa. Trust Co. of $75,000.

Shamokin, National Bank $75,000 Farmers and Merchants Bank, $275,000. Turtle Creek, Turtle Creek Sav. ings Trust SOUTH CAROLINA Charleston, The State Bank $275,000. Central Union Bank South Carolina $180,000. Columbia, Central Union Bank of South Carolina $175,000. The National Bank of South Carolina of $100,000.

DAKOTA

Hoven, Bank of Hoven $10,000.

TENNESSEE

Adams, Farmers and Merchants Bank Benton, Benton Banking Co. The First State Bank Farmers and Merchants Bank Cottage The Cottage Grove Banking and Trust Co. Greenville, The Citizens National Bank of $85,000. Farmers State Knoxville, East Tennessee tional Bank $500,000 Lenoir City, Merchants and Farmers Bank Livingston, Farmers Commerce Union Bank $25,000 White's Creek, White's Creek


Article Text

Waterford Boy Hurt in Fall from Rock at Camp

John Laputz, 15. Station 16, Wathe head and the right right when he while camp-

The location or the name of the was not Lawrence Memorial hospitals Bridgeport, Commercial Bank and where the youth was taken following Trust accident. Broad Broad Brook Bank and He the stepson Mrs. Barbara Trust Laputz of Station Park Street Bank and

Trust Co. Bridgeport, The Federal Building Massachusetts. Framingham Trust Co., $100,000.

Richford Saving Bank Trust indsor County Trust

New York. Bellerose, First National bank of $90,000. Depew, Bank of Depew. $15,000. Gasport, First National bank of (receiver) $19,400 Manufacturers National of, Mahopac, Mahopac National Newfane, State Bank of $17,500 Sodus, First National bank of $70,000 York, Serial Building and The West Side Mutual of the City of, $50,000.


Article Text

LOANED $55,000,000 TO 437 WITHIN 10 DAYS

(Continued from page 2) business July 31 the corporation had total assets of $1,239,929,651.49. The following New York State loans were announced: New York City, Serial Building and Loan and Savings Institution, $200,000; West Side Mutual Building, Loan and Savings Association, $50,000; Bellerose, First National Bank, $90,000; Depew, Bank of Depew, $15,000; Gasport, First National Bank (receiver), $19,400; Ilion, Manufacturers National Bank, $50,000; Mahopac, Mahopac National Bank, $26,000; Newfane, State Bank of Newfane, $17,500; Sodus, First National Bank, $70,000.

New Jersey Borrowers.

For New Jersey these loans were reported: Barrington, Suburban Commercial Bank, $45,000; Camden, North Camden Trust Company, $20,000; Clifton, Clifton Trust Company. $180,000; Dunellen, People's Trust Company, $60,000; East Orange, First National Bank, $160,000; Elizabeth, Union County Trust Company, $30,000; Irvington, Chancellor Trust Company, $55,000; Newark, Clinton Trust Company, $300,000; Orange, Orange Valley Bank, $30,000. Passaic, Peoples Bank and Trust Company, $470,000; Patterson, Labor National Bank, $100,000; Verona, Verona Trust Company, $90,000; Cranford, Mutual Building and Loan Association, $40,000; Elizabeth, Workmen's Building and Loan Association, $175,000; Elizabeth, Young Men's Building and Loan Association of Elizabeth, $33,000; Garfield, American Building and Loan Association, $50,000; Hoboken, Jefferson Building and Loan Association, $250,000. Also Jersey City, Central Building and Loan Association, $125,000; Jersey City, Columbia Building and Loan Association, $50,000; Jersey City, Greenville Heights Building and Loan Association, $81,950; Jersey City, Security Building and Loan Association, $100,000; Lakewood, Building and Loan Association, $100,000; Newark, Branford Building and Loan Association, $70,000; Newark, Sixth Ward Building and Loan Association, $35,000; Newark, Universal Building and Loan Association, $75,000; Newark, Woodside Building and Loan Association, $100,000; New Brunswick, Relief Building and Loan Association, $30,000; Passaic, Acquackanonk Building and Loan Association, $325,000; Woodbridge, Colonial Building and Loan Association, $24,000.


Article Text

$55,000,000 R. F. C. LOANS BARED OVER WHITE HOUSE PROTEST

(Continued from page 2) companies, $2,247,500; joint stock land banks, $90,000; livestock credit corporations, $580,716.29; mortgage loan companies, $747,000, and railroads, $6,862,700.

Signed by Pomerene.

The report was signed by Atlee Pomerene, chairman of the corporation's board of directors. The report showed that at the close of business July 31 the corporation had total assets of $1,239,929,651.49. The following New York State loans were announced: New York City, Serial Building and Loan and Savings Institution, $200,000; West Side Mutual Building, Loan and Savings Association, $50,000; Bellerose, First National Bank, $90,000; Depew, Bank of Depew, $15,000; Gasport, First National Bank (receiver), $19,400; Ilion, Manufacturers National Bank, $50,000; Mahopac, Mahopac National Bank, $26,000; Newfane. State Bank of Newfane, $17,500; Sodus, First National Bank, $70,000.

New Jersey Borrowers. For New Jersey these loans were reported: Barrington, Suburban Commercial Bank, $45,000; Camden, North Camden Trust Company, $20,000; Clifton, Clifton Trust Company, $180,000; Dunellen, People's Trust Company, $60,000; East Orange, First National Bank, $160,000;

Elizabeth, Union County Trust Company, $30,000; Irvington, Chancellor Trust Company, $55,000; Newark, Clinton Trust Company, $300,000; Orange, Orange Valley Bank, $30,000. Passaic, Peoples Bank and Trust Company, $470,000; Patterson, Labor National Bank, $100,000; Verona, Verona Trust Company. $90,000; Cranford. Mutual Building and Loan Association, $40,000; Elizabeth, Workmen's Building and Loan Association, $170,000; Elizabeth, Young Men's Building and Loan Association of Elizabeth, $33,000; Garfield. American Building and Loan Association, $50,000; Hoboken, Jefferson Building and Loan Association, $250,000. Also Jersey City, Contral Building and Loan Association, $125,000; Jersey City, Columbia Building and Loan Association, $50,000; Jersey City, Greenville Heights Building and Loan Association, $81,950; Jersey City, Security Building and Loan Association, $100,000; Lakewood, Building and Loan Association, $100,000; Newark, Branford Building and Loan Association, $70,000; Newark, Sixth Ward Building and Loan ssociation, $35,000; Newark, Universal Building and Loan Association, $75,000; Newark, Woodside Building and Loan Association, $100,000; New Brunswick, Relief Building and Loan Association, $30,000; Passaic, Acquackanonk Building and Loan Association, $325,000; Woodbridge, Colonial Building and Loan Association, $24,000.


Article Text

R.F.C.LOANED $55,000,000 to 437 WITHIN 10 DAYS

(Continued from page 2) business July 31 the corporation had total assets of $1,239,929,651.49. The following New York State loans were announced: New York City, Serial Building and Loan and Savings Institution, $200,000; West Side Mutual Building, Loan and Savings Association, $50,000; Bellerose, First National Bank, $90,000; Depew, Bank of Depew, $15,000; Gasport, First National Bank (receiver), $19,400; Ilion, Manufacturers National Bank, $50,000; Mahopac, Mahopac National Bank, $26,000; Newfane, State Bank of Newfane, $17,500; Sodus, First National Bank, $70,000.

New Jersey Borrowers. For New Jersey these loans were reported: Barrington, Suburban Commercial Bank, $45,000; Camden, North Camden Trust Company, $20,000; Clifton, Clifton Trust Company, $180,000; Dunellen, People's Trust Company, $60,000; East Orange, First National Bank, $160,000; Elizabeth, Union County Trust Company, $30,000; Irvington, Chancellor Trust Company, $55,000; Newark, Clinton Trust Company, $300,000; Orange, Orange Valley Bank, $30,000. Passaie, Peoples Bank and Trust Company, $470,000; Patterson, Labor National Bank, $100,000; Verona, Verona Trust Company, $90,000; Cranford, Mutual Building and Loan Association, $40,000; Elizabeth, Workmen's Building and Loan Association, $176,000; Elizabeth, Young Men's Building and Loan Association of Elizabeth, $33,000; Garfield, American Building and Loan Association, $50,000; Hoboken, Jefferson Building and Loan Association, $250,000. Also Jersey City, Central Building and Loan Association, $125,000; Jersey City, Columbia Building and Loan Association, $50,000; Jersey City, Greenville Heights Building and Loan Association, $81,950; Jersey City, Security Building and Loan Association, $100,000; Lakewood, Building and Loan Association, $100,000; Newark, Branford Building and Loan Association, $70,000; Newark, Sixth Ward Building and Loan Association, $35,000; Newark, Universal Building and Loan Association, $75,000; Newark, Woodside Building and Loan Association, $100,000; New Brunswick, Relief Building and Loan Association, $30,000; Passaie, Acquackanonk Building and Loan Association, $325,000; Woodbridge, Colonial Building and Loan Association, $24,000.


Article Text

LOANED $55,000,000 TO 437 WITHIN 10 DAYS

(Continued from page 2) business July 31 the corporation had total assets of $1,239,929,651.49. The following New York State loans were announced: New York City, Serial Building and Loan and Savings Institution, $200,000; West Side Mutual Building, Loan and Savings Association, $50,000; Bellerose, First National Bank, $90,000; Depew, Bank of Depew, $15,000; Gasport, First National Bank (receiver), $19,400; Ilion, Manufacturers National Bank, $50,000; Mahopac, Mahopac National Bank, $26,000; Newfane, State Bank of Newfane, $17,500; Sodus, First National Bank, $70,000.

New Jersey Borrowers.

For New Jersey these loans were reported: Barrington, Suburban Commercial Bank, $45,000; Camden, North Camden Trust Company, $20,000; Clifton, Clifton Trust Company, $180,000; Dunellen, People's Trust Company, $60,000; East Orange, First National Bank, $160,000; Elizabeth, Union County Trust Company, $30,000; Irvington, Chancellor Trust Company, $55,000; Newark, Clinton Trust Company, $300,000; Orange, Orange Valley Bank, $30,000. Passaie, Peoples Bank and Trust Company, $470,000; Patterson, Labor National Bank, $100,000; Verona, Verona Trust Company, $90.000; Cranford, Mutual Building and Loan Association, $40,000; Elizabeth, Workmen's Building and Loan Association, $175,000; Elizabeth, Young Men's Building and Loan Association of Elizabeth, $33,000; Garfield, American Building and Loan Association, $50,000; Hoboken, Jefferson Building and Loan Association, $250,000. Also Jersey City, Central Building and Loan Association, $125,000; Jersey City, Columbia Building and Loan Association, $50,000; Jersey City, Greenville Heights Building and Loan Association, $81,950; Jersey City, Security Building and Loan Association, $100,000; Lakewood, Building and Loan Association, $100,000; Newark, Branford Building and Loan Association, $70,000; Newark, Sixth Ward Building and Loan Association, $35,000; Newark, Universal Building and Loan Association, $75,000; Newark, Woodside Building and Loan Association, $100,000; New Brunswick, Relief Building and Loan Association, $30,000; Passaie, Acquackanonk Building and Loan Association, $325,000; Woodbridge, Colonial Building and Loan Association, $24,000.


Article Text

$55,000,000 R. F. C. LOANS BARED OVER WHITE HOUSE PROTEST

(Continued front page 2) companies, $2,247,500; joint stock land banks, $90,000; livestock credit corporations, $580,716.29; mortgage loan companies, $747,000, and railroads, $6,862,700.

Signed by Pomerene.

The report was signed by Atlee Pomerene, chairman of the corporation's board of directors. The report showed that at the closรฉ of business July 31 the corporation had total assets of $1,239,929,651.49. The following New York State loans were announced: New York City, Serial Building and Loan and Savings Institution, $200,000; West Side Mutual Building, Loan and Savings Association, $50,000; Bellerose, First National Bank, $90,000; Depew, Bank of Depew, $15,000; Gasport, First National Bank (receiver), $19,400; Ilion, Manufacturers National Bank, $50,000; Mahopae, Mahopac National Bank, $26,000; Newfane, State Bank' of Newfane, $17,500; Sodus, First National Bank, $70,000.

New Jersey Borrowers. For New Jersey these loans were reported: Barrington, Suburban Commercial Bank, $45,000; Camden, North Camden Trust Company. $20,000; Clifton, Clifton Trust Company, $180,000; Dunellen, People's Trust Company, $60,000; East Orange, First National Bank, $160,000;

Elizabeth, Union County Trust Company, $30,000; Irvington, Chancellor Trust Company, $55,000; Newark, Clinton Trust Company, $300,000; Orange, Orange Valley Bank, $30,000. Passaie, Peoples Bank and Trust Company, $470,000; Patterson, Labor National Bank, $100,000; Verona, Verona Trust Company, $90,000; Cranford, Mutual Building and Loan Association, $40,000; Elizabeth, Workmen's Building and Loan Association, $175,000; Elizabeth, Young Men's Building and Loan Association of Elizabeth, $33,000; Garfield, American Building and Loan Association. $50,000; Hoboken, Jefferson Building and Loan Association, $250,000. Also Jersey City, Contral Building and Loan Association, $125,000; Jersey City, Columbia Building and Loan Association, $50,000; Jersey City, Greenville Heights Building and Loan Association, $81,950; Jersey City, Security Building and Loan Association, $100,000; Lakewood, Building and Loan Association, $100,000; Newark, Branford Building and Loan Association, $70,000; Newark, Sixth Ward Building and Loan Association, $35,000; Newark, Universal Building and Loan Association, $75,000; Newark, Woodside Building and Loan Association, $100,000; New Brunswick, Relief Building and Loan Association, $30,000; Passaic, Acquackanonk Building and Loan Association, $325,000; Woodbridge, Colonial Building and Loan Association, $24,000.