Matawan Bank - Matawan, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 16, 1927
Location: Matawan, New Jersey (40.415, -74.230)

Metadata

Model: gpt-5-mini
Short Digest: 187f330d

Response Measures

None

Description

Article states the Matawan State Bank closed Friday of last week voluntarily by directors; mentions stockholders paid and reorganized and examiner demands. No run is described. Closure appears voluntary/permanent.

Events (1)

1. September 16, 1927 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors voluntarily closed the bank; stockholders had paid and reorganized earlier; action taken after examiner's repeated demands.
Newspaper Excerpt: MATAWAN STATE BANK CLOSES The Matawan State Bank closed Friday of last week, the action being taken voluntarily by directors. Some time ago the stockholders paid and reorganized, repeated demands by the examiner...
Source: newspapers

Newspaper Articles (1)

1. September 22, 1927 The Wells Mirror Wells, MN

Article from The Wells Mirror, September 22, 1927

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Article Text

MATAWAN STATE BANK CLOSES The Matawan State Bank closed Friday of last week, the action being taken voluntarily by directors. Some time ago the stockholders paid and reorganized, repeatd demands by the examiner decision close the Subscribe for the Wells