First National Bank (Charleroi, PA)

View Charter #14123 on SPMC View balance sheet

Episode Information

Episode UID
1412301613
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
141230 national
Charter Number
14123
Start Date
May 22, 1934
Location
Charleroi, Pennsylvania (40.138, -79.898)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6e9b5621190811fe

Response Measures

None

Description

Receiver named after conservatorship; a successor bank was later formed.

Events (3)
1. April 28, 1934 Chartered
Source
historical_nic
2. May 22, 1934 Receivership
Newspaper Excerpt
Walter L. Campbell, of Charleroi, yesterday received notification his appointment receiver for the old First National Bank of Charleroi, effective immediately upon the termination of the conservatorship. ... Campbell, who was named receiver on May 22, was granted the authority ... Walter Campbell, receiver of the defunct First National Bank of Charleroi, today had the federal court's permission ... was named receiver on May 22, was granted the authority in decree ... (INS) Walter Campbell, receiver of the defunct First National Bank of Charleroi, today had the federal court's permission ... named receiver on May 22.)
Source
newspapers
3. May 22, 1934 Suspension
Cause
Government Action
Cause Details
Conservatorship terminated and federal authorities appointed a receiver leading to closure.
Newspaper Excerpt
Campbell, who was named receiver on May 22, was granted the authority
Source
newspapers

Newspaper Articles (2)
1. May 24, 1934 The Daily Herald Monongahela, PA
Article from The Daily Herald, May 24, 1934

Click image to open full size in new tab

Article Text

RECEIVER Walter L. Campbell, of Charleroi, yesterday received notification his appointment receiver for the old First National Bank of Charleroi, effective immediately upon the termination of the conservatorship. telegram from Acting Comptroller of Currency Await directed Campbell to take over ceivership of the bank immediate-

2. July 19, 1934 The Daily Herald Monongahela, PA
Article from The Daily Herald, July 19, 1934

Click image to open full size in new tab

Article Text

BANK RECEIVER AUTHORIZED TO ACCEPT BONDS Pittsburgh, July 19-(INS) Walter Campbell, receiver of the defunct First National Bank of Charleroi, today had the federal court's permission to accept Home Owners Loan bonds and cash in exchange for judgments and mortgages totalling more than $18,000 held against seven parties. Campbell, who was named receiver on May 22, was granted the authority in decree handed down by Federal Judge R. M. Gibson. David M. McCloskey, conservator of the old bank, was authorized by Judge F. P. Schoonmaker in another order to lease half of the banking room formerly occupied by the closed institution to the First National Bank in Charleroi, recently formed successor. Under the terms of the lease the new bank will occupy the eastern half of the bank quarters at a monthly rental of $200.