16073. Miners National Bank (Blossburg, PA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
5007
Charter Number
5007
Start Date
January 1, 1928*
Location
Blossburg, Pennsylvania (41.680, -77.064)

Metadata

Model
gpt-5-mini
Short Digest
f0c78d4124d760c3

Response Measures

None

Receivership Details

Depositor recovery rate
61.7%
Date receivership started
1929-07-30
Date receivership terminated
1935-06-19
OCC cause of failure
Governance
Share of assets assessed as good
52.0%
Share of assets assessed as doubtful
28.3%
Share of assets assessed as worthless
19.7%

Description

Articles indicate the Miners (Miner's) National Bank of Blossburg suspended business and was placed in receivership and its assets (lot) sold to the Citizens' National Bank & Trust Co. in 1930. No article describes a depositor run triggering the suspension; therefore classified as a suspension leading to permanent closure/receivership. OCR in sources is poor (e.g., 'Miners' vs 'Miner's', garbled phrases); dates for the initial suspension are approximate (one article says 'about two years ago' from 1930).

Events (5)

1. June 21, 1895 Chartered
Source
historical_nic
2. January 1, 1928* Suspension
Cause Details
Article notes the bank 'suspended business' but gives no specific cause (no run, no scandal detailed).
Newspaper Excerpt
Miners National Bank which suspended business
Source
newspapers
3. July 30, 1929 Receivership
Source
historical_nic
4. April 9, 1930 Other
Newspaper Excerpt
Blossburg- Miners' National Bank, by receiver, to The Citizens' National Bank and Trust Co.; lot, $30,500.
Source
newspapers
5. July 21, 1930 Receivership
Newspaper Excerpt
Jonas J. Hulse, receiver of the Miner's National Bank of Blossburg, Pa., has filed two assumpsit actions today ... The Blossburg bank went into hands of receivers about two years ago.
Source
newspapers

Newspaper Articles (4)

Article from The Wellsboro Agitator, October 9, 1929

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Article Text

AT BLOSSBURG Citizens' National Bank and Trust Company Has Capital Stock of $125,000. The Citizens' National Bank Company of Blossburg opened its doors for business SatOct. following authorization from Currency charter for the institution requested several weeks ago. The bank takes the building and all sound Miners National Bank which suspended business The of Currency will. short amount first dividend be of This, will through the new bank. The with and number large chentele promised when the bank Several made the bank Officers Morgan and chairman board: Birmingham. the board: George Martin Katherine die teller: M. directors Attorney Ward Morgan Leonard Hughes day Dr Kiley individual to the the the Gentleman briefly pleased to again have Dunham during the period. She for under the closed by the for This in charge Mr. Phillips Crichton against water the of drinking fountains in Boiled water be provided for those students bring their the poor high school remain


Article from The Wellsboro Agitator, April 9, 1930

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Article Text

REAL ESTATE TRANSFERS. Recent Changes in Ownership of Tioga County Property. Elkland -Eva K. Smith in Nick Elk Clarence D. Haner.. by Sheriff, to Hannah J. Focht; 160 Sheriff, $2,350. to R. Louise Rolason; 101 Wellsboro - Elmer G. Carson to Roy M. Ford: lot. $1. R. Butler, by Sheriff, $30.05. to Frank H. Rockwell; lot, Farmington Myron Randall, 91 Sheriff, to Rhodes H. Butler; Wellsboro Almiron R. Halstead to Tioga County Savings & Trust Co.; lot, $1. Mansfield- D. Nares to Nina M. Bishop; lot, $1. Farmington- Charles A. Mc$150. Callum to C. J. McCallum; lot, Farmington Annette McCallum to Claud McCallum: lot. $1. Elkland- Mary Fond to Ehen H. Ellison: lot, $400. $1,500. Ex. of. to Hugh L. Boyden; lot, Charleston- Charles D, Ather000. ton to Elwin C. Ely; 73 acres, $4,- Moore; Gaines-Elmer Kern to W. S. $1. Alfred W. Quimby to Fay H. Rumsey; acre, $1. Middlebury R. H. Keeney to Clark Gee; acres, $1,000. Lovina Dartt, Ex. 300. of, to Minnie M. Bailey; lot, $1,Liberty- Henry A. Black to Edword C. Black; 100 acres, $1. Liberty Mary A. Antes to Bert H. Lockwood; lot, $10. Blossburg- Miners' National Bank, by receiver, to The Citizens' National Bank and Trust Co.; lot, $30,500.


Article from Berwick Enterprise, July 21, 1930

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Article Text

BLOSSBURG BANK RECEIVER TO SUE SURETY COMPANY Scranton, Pa., July 21 (LP)-Jonas J. Hulse, receiver of the Miner's National Bank of Blossburg, Pa., has filed two assumpsit actions today in the office of Samuel W. Hofford, clerk of the United States court, against the American Surety Co., of New York, While no statments were filed with the papers, indications are that suits are brought against the Surety Company because it is reported to have provided bonds that would safeguard the institution in the event of mishandling of funds. The Blossburg bank went into hands of receivers about two years ago. Recently the receivers brought suit against several former officers. in connection with the indorsement of note. Attorneys representing the receiver in suits filed today are John C. Youngman and Mortimer C. Rhone, both of Williamsport.


Article from The Wellsboro Agitator, November 19, 1930

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Article Text

NEWS OF THE COUNTY COURT New Trail Refused in Aylesworth-Hays Case Civil Court Convenes it was alleged he had sold it. Dec. 1. Harold McCrumb. a former 16. sident of Wellsboro, was paroled Wednesday after serving one-half of a six months' sentence on liquor law voilation charge. He was ordered to make monthly payments on the fines and costs imposed. On Thursday Judge Marsh refused a new trial in the case of Carl Aylesworth, of Liberty township, against W. L. Hays, of Rancocas, N. J., a suit for damages for injuries received in an autobomile accident, near Sebring, this county, two years ago, which has been twice tried and each time a verdict given to the plaintiff. In the first trial $6,000 verdict was rendered. Attorneys for the de fense moved for a new trial, which was refused. The case was appealed, the supreme court set aside the verdict, it was retried, and a $10,000 verdict given to the plaintiff. Attorneys Crichton & Owlett, of Wellsboro, and C. 11. Ashton, of Knoxville, represented Aylesworth, and Attorney Rodney Mercur, of Towanda, associated in the first trial with Attorney Andrew B. Dunsmore of Wellsboro. and later with Attorneys Rockwell & Rockwell of Wellsboro, iepresented the defentant. The homes of Max Haidenbur and Demont Winnie, both in Delmar township were raided last F11day by Sheriff Fiank C. Chamberlain, County Detective Roy Wilcox and Constable Campbell, who found and siezed quantity of various kinds of alleged intoxicants,, 198 bottles of beer, 50 quarts of wine and 75 gallons of cider being found at the Haidenburg place and 18 bottles of beet, 34 gallons of wine and 15 gallons of home biew was found in Winnic's home. Each of the men were placed under arrest, charged with violations of the Neuor law, and each pleaded guilty before the court. Winnie, who was charged with manufacture and possession was sentenced to a $100 fine and four months in jail, and Hardenburg charged with selling in add! tion to manufacture and posse-sion, was given a $200 fine and four months in jail. The Grand Juiois, foi the regular November couit, were notifie car. not to appear when it was found that the small number of cases did not warrant the expense of their services. For the same reason, the Tiaverse Juiors for the first week of COULD were notified not to appear. The regular November civil term of court will convene December 1, with 31 cases listed for trial. The cast like'y to be heard that of the Mincis National Bank of Blossburg, now for use of Jonas J. Hulse, eceivcr of the Bank against Elmer E. Sheffer, of Jersey Shore, involving a protested note found in the defunct banking house. Attorney Rockwell & Rockwell repiesert the bank's receiver, and Attorney Frank S. Hughes represents the defendant. The operations on the property of Joseph T. Queeney Jr., and Emma M. Queeny, of Liberty township, where several over-night cabins have been crected for the us of tourists, was involvd in an action heard before the court on Monday, with Mrs. Ruth P. Douglas, who owns and operates tourists house adjoining the Queeny property, as the plaintu" Mrs. Douglas, who was represent ed by Attorney Fiank S. Hughes of Blossburg and C. H. hton, of Knoxville. alleged that the crect. ton of the cabins on the adjoining land, was not legal according to certain restrictions in a former deed of the property, which 01iginally Was owned by her, and that drainage from a septic tank installed by the defendants, flowed in the highway ditch 111 front of her property, and that anyone entering her property had to step over the dramage, which much of the time had a very of. fensive odot. She contended that not only her family, but many of her tourists complained of the odoi. The defendants in the case were represented by Attorney Crichton & Owlett. Charles Phelps, 19 years old of Farmington, was sentenced to the Huntington Rt formatory on Monday, and Solon Brimmer. aged 30 of Middlebury, was sentenced to from ore to two years at Greaterford Pententiary, when they pleaded guilty to breaking and Ln. tering and lareny. The two men were arrested Sunday by Constable Kilbourne of Lawienceville valued at around $24 and worth of chickens The stolen property WHS in the men's pos. session at the time of their arre and was returned to the owners. It was shown by information from the District Attorney's office the Phelps had been implicated in the in for the past three your church. and that he was given a jail sentence in a New York state court. a former resident of Sabmsville again in the toils of the law, after having had his freedom since last Augu-1 He was arrested in E. mira for the theft of an automobile belonging to Rev. E. C. Lewis, of Jasper, N. Y., and while being