Falls National Bank - Niagara Falls, NY

Episode Information

Episode UID: 1148901620
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 114890 national
Charter Number: 11489
Start Date: December 5, 1934
Location: Niagara Falls, New York (43.094, -79.057)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: cbda26e8a39e47d2

Response Measures

None

Receivership Details

Depositor recovery rate: 88.6%
Date receivership started: 1933-10-26
Date receivership terminated: 1940-12-06
Share of assets assessed as good: 23.0%
Share of assets assessed as doubtful: 76.7%
Share of assets assessed as worthless: 0.3%

Description

The article mentions a judgment in favor of the bank 'by receiver', confirming it was in receivership by December 1934.

Events (3)

1. October 24, 1919 Chartered

Source: historical_nic

2. October 26, 1933 Receivership

Source: historical_nic

3. December 5, 1934 Receivership

Newspaper Excerpt: Stanley Gozdowiak in favor of Falls National Bank by receiver
Source: newspapers

Newspaper Articles (1)

1. December 5, 1934 Buffalo Daily Law Journal Buffalo, NY

Article from Buffalo Daily Law Journal, December 5, 1934

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Article Text

Niagara County (Special to Buffalo Daily Law Journal) LOCKPORT, N. Dec. following business papers were filed at the office of the county clerk: DEEDS Andrew W Kinzly & one to James Skellenger et al. City of Lockport. James Skellenger to Fay Kinzly. City of Lockport. Niagara County National Bank to Fay Kinzly City of Lockport. Otto Greiner to Robert S Nesbits one. Niagara Falls. Robert S Nesbitt to Marion N Neff. Niagara Falls. Alice Loveland et al to Marie B HolCity of Lockport. Thomas Buyers to Odd Fellows Home. Niagara Falls. Harold Bradley etc to Albert F Wendt. City of Lockport. Mary M Kain to Catharine B Collins. Niagara Falls. Federal Land Bank to Norman D Jobse & one Lewiston. Caus Fields one to Wm Webber one. Niagara Falls. MORTGAGES Norman D Scott & one to Land Bank Same to Federal Land Bank $2,600. William H one to Home Owners Loan Corp $2,800. Giuseppe Cicco & one Same $6,160. Louis Moses one to Same Catharine B Collins to Mary M Kain $2,500. George Kargatgis one to N P Savgs & Loan Assn $505. Marion N Neff to Niagara County Savgs Bank $1,300. Kinzly to James Skellenger al $1,500. Helen M Daly & one to John Adams one $1,500. Stanislaw Mazur & one to Home OwnLoan Corp LIS PENDENS John A Wichterman vs Frederick Miller one. Anna Hartnett vs Walter Bennett one. JUDGMENTS Stanley Gozdowiak in favor of Falls National Bank by receiver Columbia Casualty Co Inc in favor of Bloomington Limestone Co $105.82. Herbert W Hofert and W P Gosch in favor of Edward Moeloth & one Albert Eashak in favor of Theodore Gram CERTIFICATE OF ASSUMED NAME Kay Vagnozzi Entertainment Bureau Katherine and Louis Vagnozzi, Niagara Falls,