Cliffside Park National Bank - Cliffside Park, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11618
Charter Number: 11618
Start Date: March 6, 1934
Location: Cliffside Park, New Jersey (40.821, -73.988)

Metadata

Model: gpt-5-mini
Short Digest: d67ba51e

Response Measures

None

Description

Article (dated 1934-03-06) reports trustees named to liquidate assets and a conservator/examiner involved; assets to be turned over when United National Bank opens — indicates closure under government supervision rather than a depositor run. No mention of a depositor run.

Events (4)

1. February 21, 1920 Chartered

Source: historical_nic

2. March 6, 1934 Receivership

Newspaper Excerpt: Rouan, Leuders, Jacoby named trustees to liquidate the ... Cliffside Park National Bank ... trustees are subject the the Court Chancery ... list subject to his approval examination the Currency . . . trustees to liquidate Park National assets . . . conservator . . .
Source: newspapers

3. March 6, 1934 Suspension

Cause: Government Action
Cause Details: Bank placed under conservatorship/examiner involvement and trustees appointed to liquidate assets; closure ordered and liquidation pending transfer to United National Bank.
Newspaper Excerpt: Rouan, Leuders, Jacoby named trustees to liquidate the included the the Cliffside Park National Bank ... conservator ... until the assets turned over which the date that United National Bank Cliffside Park opens for business.
Source: newspapers

4. November 1, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 6, 1934 The Record Hackensack, NJ

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Article Text

NAME TRIO AS TRUSTEES Rouan, Leuders, Jacoby To Liquidate Park National Assets Councilman James Rouan, August Leuders Cashier Jacoby named trustees to liquidate the included the the Cliffside Park National Bank meeting last conservator These on vote of the up the time the assets turned over which the date that United Na. tional Bank Cliffside Park opens for business. This bank the of acceptable assets and depositors in that amount deposits. After that the trustees are subject the the Court Chancery may changed by formal depositor group that court. headed Engineer Roscoe McClave, submit tentative list directors for the bank National Examiner Roberts today. list subject to his approval examination the Currency. The own stock the and officers of any of the closed banks.