14756. First National Bank (Unionville, NY)

View Charter #11448 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
11448
Charter Number
11448
Start Date
September 23, 1931
Location
Unionville, New York (41.300, -74.562)

Metadata

Model
gpt-5-mini
Short Digest
e0b01f6efe4e7eac

Response Measures

None

Receivership Details

Depositor recovery rate
79.9%
Date receivership started
1931-10-05
Date receivership terminated
1935-04-11
OCC cause of failure
Economic conditions
Share of assets assessed as good
60.6%
Share of assets assessed as doubtful
37.0%
Share of assets assessed as worthless
2.4%

Description

Articles describe the First National Bank of Unionville having been suspended on September 23 (year context indicates 1931) and placed in receivership (John S. Bryan). Dividend payments to creditors in 1932 confirm the bank remained closed and was liquidated under a receiver. No article describes a depositor run prior to suspension.

Events (7)
1. September 5, 1919 Chartered
Source
historical_nic
2. September 23, 1931 Receivership
Newspaper Excerpt
John S. Bryan, federal receiver for the closed First National Bank of Unionville, announced ... Creditors applying for payment tomorrow must present receiver's certificates at the bank, he said.
Source
newspapers
3. September 23, 1931 Suspension
Cause
Government Action
Cause Details
Bank was suspended and placed in federal receivership (receiver John S. Bryan appointed).
Newspaper Excerpt
the bank was suspended September twenty-third.
Source
newspapers
4. October 5, 1931 Receivership
Source
historical_nic
5. July 14, 1932 Other
Newspaper Excerpt
receipt of dividend checks for twenty-five percent for payment to creditors ... It will be the second twenty-percent since the bank was suspended September twenty-third.
Source
newspapers
6. January 19, 1933 Other
Newspaper Excerpt
Harold Mailer, receiver for the Monroe bank now has charge of the Unionville bank. The changes were effective January 19.
Source
newspapers
7. August 1, 1934 Other
Newspaper Excerpt
He was accepted and sent to take over the receivership of the Unionville National Bank, at Unionville, N. Y.
Source
newspapers

Newspaper Articles (4)
1. July 14, 1932 Middletown Times Herald Middletown, NY
Article from Middletown Times Herald, July 14, 1932

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Article Text

SECOND PAYMENT READY FOR UNIONVIELE BANK UNIONVILLE John S. Bryan, federal receiver for the closed First National Bank of Unionville, announced today receipt of dividend checks for twenty-five percent. for payment to creditors tomorrow. It will be the second twenty- percent. since the bank was suspended September twenty-third. Further payments are expected The payment to be made tomorrow originally was set for June but was deferred because the condition of the bond market made it unwise to liquidate sufficient securities to make the payment, Mr. Bryan said. Creditors applying for payment tomorrew must present receiver's certificates at the bank, he said.

2. January 20, 1933 Middletown Times Herald Middletown, NY
Article from Middletown Times Herald, January 20, 1933

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Article Text

STATE DAIRY CONTROL SEEN AS SOLUTION Senator Pitcher Indicates Move To Establish Board to Fix Prices ALBANY Creation of a milk control board by the legislature to regulate trade practices and fix prices was seen today as solution of the problems of New York state's milk industry. Indications that such a plan was under consideration came from Senator Perley A. Pitcher. chairman of the joint legislative committee to investigate the milk industry. at a meeting of the New York State Dairymen and Breeders Association last night. "All other plans have either failed of accomplishment or cannot be ac- complished in time to save the producing end of the industry." Senator Pitcher said. "The minds of those who have given much thought to a possible solution of the problem are now directed to some form of a milk control board to be set up by a legislative act which will give to those charged with the duty the power to regulate trade practices and, to a limited extent at least. fix prices which dealers must pay the Droducer." Pitcher said the control board possibly would be empowered also to fix the price paid by consumers. He declared. however. that such plan would encounter great difficulties. Pitcher presented to the meeting a suggestion forwarded by Paul Smith, Newark Valley. calling for creation of such a board to operate jointly for New York and New Jer. sey, the principal markets of the New York milk shed. BANK RECEIVER LEAVES receiver for the First National Bank... of Unionville has been assigned to a bank in Westchester county. Harold Mailer. receiver for the Monroe bank now has charge of the Unionville bank. The changes were effective January 19.

3. July 31, 1934 The Washington Times Washington, DC
Article from The Washington Times, July 31, 1934

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Article Text

BANK RECEIVERS INEXPERIENCED (Continued from Page 1) Prior to that he was associated for many years with the GlobeWernicke Company, a furniture company of Ohio. E. L. Norris, receiver for the Woodridge-Langdon Savings and Commercial Bank, was former vice president and cashier of that institution from 1921 to 1933. For seven years prior to that connection he was treasurer of the Continental Trust Company, and for two years he was assistant cashier of the Kensington Bank, in Kensington, Md. Former Vice President For 20 years, vice president of the City Bank and Trust Company of Syracuse, N. Y., John F. Moran, receiver of the Park Savings Bank, liquidated the Massena Bank and Trust Company, of Massena, N. Y., for the New York State banking department. He also had two more years of banking experience with another bank in Syracuse, N. Y. Carter B. Keane, receiver for the United States Savings Bank, was a practising attorney. From 1913 to 1921 he was director of the Postal Savings system. John S. Bryan, receiver for the North Capital Savings Bank, was a receiver for the First National Bank of Unionville, N. Y.

4. August 1, 1934 The Washington Times Washington, DC
Article from The Washington Times, August 1, 1934

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Article Text

BRYAN'S BANK EXPERIENCE IS VARIED By EUGENE A. KELLY John S. Bryan; receiver for two closed banks in Washington, formerly was employed by the Department of Justice, where he was a bank examiner in the division of investigation. In 1931, while connected with the Department of Justice, he applied for a job in the insolvent banks division of the Comptroller of the Currency. He was accepted and sent to take over the receivership of the Unionville National Bank, at Unionville, N. Y. Resident of Fairfax He is a registered voter and taxpayer in Fairfax county, Va. He knows President Roosevelt personally. It was while he was in Unionville that Mr. Bryan was introduced to the President by a mutual friend, the Democratic county chairman of Orange, county, N. Y. He never has participated actively in politics. He votes the Democratic ticket and was for Mr. Roosevelt "before Chicago." It was while he was in Unionville that Mr. Bryan was ordered to take over the receivership of the Continental Trust Company and the North Capitol Savings Bank. He came to Washington about two years ago. Began as Bank Clerk About 50 now, he started his career as a bank clerk after being graduated from the University of Georgia, where he took a general academic course. He is a native of Savannah, Ga. After about five years in the bank, he became cashier. He then went to California, where he was appointed to the pay corps of the United States Navy. In this capacity he served about six years in the Orient. He then came to Washington, where he opened offices as a public accountant, and at- the outbreak of the World War he went back to the Navy. One year after the armistice he became chief accountant to the Texas Oil Company in the export department. In this capacity he served about three and one-half years in Havana. He then went to the Department of Justice as a special agent assigned to securities and the examination of banks.