16093. Monongahela National Bank (Brownsville, PA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
648
Charter Number
648
Start Date
April 6, 1931
Location
Brownsville, Pennsylvania (40.020, -79.890)

Metadata

Model
gpt-5-mini
Short Digest
26e41fb7ddb4cb98

Response Measures

None

Receivership Details

Depositor recovery rate
46.0%
Date receivership started
1931-04-16
OCC cause of failure
Economic conditions
Share of assets assessed as good
29.4%
Share of assets assessed as doubtful
63.1%
Share of assets assessed as worthless
7.5%

Description

The bank closed April 6, 1931 and was placed in receivership; subsequent articles through 1934 refer to the receiver and dividend payments. No article describes a depositor run, only suspension/closure and receivership/dividends. OCR minor typos corrected (e.g., 'Monongabela' -> Monongahela).

Events (5)

1. December 24, 1864 Chartered
Source
historical_nic
2. April 6, 1931 Suspension
Cause Details
Article states the bank closed April 6, 1931 but gives no specific cause (no explicit run or government action described).
Newspaper Excerpt
Monongabela National Bank of Brownsville closed April 6 1931
Source
newspapers
3. April 16, 1931 Receivership
Source
historical_nic
4. December 1, 1931 Receivership
Newspaper Excerpt
Between $550,000 and $560,000 ... being distributed among the depositors of the closed Monongahela National Bank here. Receiver Lloyd Littrel estimated the payment as 15 per cent of the total deposits of the institution, closed last spring.
Source
newspapers
5. July 25, 1932 Other
Newspaper Excerpt
To Pay Second Dividend. Within the next fortnight the Monongahela National Bank of Brownsville closed April 6 1931 will pay second dividend of 10 per cent. It will total about $150,000. affecting 7,000 accounts.
Source
newspapers

Newspaper Articles (10)

Article from The Daily Courier, December 1, 1931

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Article Text

Brownsville Bank Will Pay $550,000, Initial Dividend Special to The Courier. Rent BROWNSVILLE, Dec. 1.-Between $550,000 and $560,000 16 being distributed among the depositors of the closed Monongahela National Bank here. Receiver Lloyd Littrel estimated Estate the payment as 15 per cent of the total deposits of the institution, closed last spring. Those living in distant places will receive their checks by mail while those in the borough and immediate vicinity will call for them at the bank. Pole Climber Killed. JOHNSTOWN, Dec. 1.-Robert Lill, 11, climbed pole near his home last night and came in with an electric wire. He was hurled to the street by the shock and died within a short time.


Article from The Daily Courier, July 25, 1932

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Article Text

To Pay Second Dividend. Within the next fortnight the Monongabela National Bank of Brownsville closed April 6 1931 will pay second dividend of 10 per (ent. It will total about $150,000. affecting 7,000 accounts.


Article from Wilkes-Barre Times Leader, December 31, 1934

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Article Text

WHAT TO DO Uniontown. Pa.-Of what use can a locomotive and flat car be to bank receiver? Harry A. Cotton counsel for the receivers of the Monongahela National Bank of Brownsville, got judgment against small railroad line and the tangible assets proved to be the engine and car. "Guess about all can do is invite some of my friends for a ride," was Cotton's comment.


Article from The Akron Beacon Journal, December 31, 1934

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Article Text

What To Do UNIONTOWN, Pa.-Of what use can locomotive and flat car be to bank receiver? Harry A. Cotton, counsel for the receivers of the Monongahela Na tional bank of Brownsville, got judgment against small railroad line and the tangible assets proved to be the engine and car. "Guess about all can do is invite some my friends for a ride," was Cotton's comment.


Article from The Ithaca Journal, December 31, 1934

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Article Text

Flashes of Life By the Associated Press New York "Nudist camps are stupid and idiotic," cried the barrel-chested Anthony Sclafani. "Their contention is that we came into the world without anything on. But in those days we didn't know any better.' Sclafani knows better. He wore shorts-and only shorts-for his jaunt past New York's shivering churchgoers in yesterday' subfreezing wind. Minneapolis-A 5-pound pickerel jumped out of a hole in the ice on Coon Lake and bit Alvin Mickelson on the nose. Two companions vouch for the story while Mickelson is exhibiting the fish and a scratched proboscis as proof. Mickelson says he will get his revenge-biting into the fish. Uniontown, Pa. Of what use can locomotive and a flat car be to bank receiver? Harry A. Cotton, counsel for the receivers of the Monongahela National Bank of Brownsville, got judgment against a* small railroad line and the tangible assets proved to be the engine and car. "Guess about all can do is invite some of my friends for a ride," was Cotton's comment. on the rails has ended in voluntary retirement for 79-year-old Daniel Patrick Hurley, oldest conductor on the Cotton Belt lines. Kirby M. Post. vicepresident and general manager, said the road had never been called on to pay a claim as a result of any occurence on a train in Hurley's charge during the 52 years he served as conductor. Baltimore Even though it is fringed with icicles, Mrs. Charles Meyer Schriver thinks her swimming pool is "too good to miss." The daughter-in-law of George M. Shriver, first vicepresident of the Baltimore & Ohio Railroad, takes daily plunge and often runs back to the house with 0 frozen suit and cap.


Article from Salt Lake Telegram, December 31, 1934

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Article Text

Excess Baggage Bank Receiver Sucs, Gets Engine, Flatcar what use can locomotive and flatcar bank receiver? Harry the the Monongahela tional bank of Brownsville, got judgment against small road line and the tanglible assets proved to be the engine and about do invite some my friends for was Cotton's comment.


Article from The Clarksdale Press Register, December 31, 1934

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Article Text

WHAT TO DO UNIONTOWN, Pa. (AP) Of what use can locomotive and flat car be to bank receiver! for Cotton, counsel Harry A. the Monongahela receivers of National the Bank of Brownsville, rail- got small judgment against assets and the tangible line proved road to be the engine and car. "Guess about all can do is invite some of my friends for ride,' was Cotton's comment.


Article from Public Opinion, December 31, 1934

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Article Text

FLASHES of LIFE The 5-pound pickjumped of hole the ice Coon Lake and bit Alvin Mickelson nose. Two companions vouch for the story while Mickelson exhibiting the fish and scratched proboscis proof. Mickelson he will get his reinto the fish. NEW a whir and rattle of gears, Ajeeb, the master of human checker players, has come back to life. The robot, which disappeared after the closing of the Eden Musee in 1915, has been recovered. His owner, Frank Fraine, has given him silk robes and a diet of rust and oil. And, lest the robot get headache, Fraine has spare head, complete from turban to whiskers. what use can locomotive and flat car be to bank receiver? Harry A. Cotton. counsel for the receivers of the Monongahela National Bank Brownsville, got small railroad line and the tangible assets proved to be the engine and "Guess about all can do is insome my friends for a was Cotton's comment. WACO. Tex years on the rails ended in voluntary retirement Daniel Patrick Hurley, oldest conductor on the Cotton Belt Lines Kirby Post, vice president and general the road never had been called on to pay claim as result of any occurrence on train in Hurley's charge during the 52 years he served as conductor.


Article from The Chickasha Daily Express, December 31, 1934

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Article Text

COURT HEARS GUILTY PLEA Mrs. Mathis Pleads Guilty In Massacre Case. Kansas City, Dec Vivian Mathis, one eight fendants the Union Station spiracy case, pleaded guilty the first three counts the charge her jury farmers and business men today. Mrs. tall dressed black. was impassive when Judge Marrill Otis asked her confirm the statement her Ralph Latshaw. replied in the affirmative Judge Otis nounced sentence would be ferred until end the trial Mrs. Mathis posed here wife of the late Verne Miller cused the government three machine gunners killed four officers and Frank Nash the Union Station plaza here June 1933 The count which she pleaded guilty that conspiring federal prisoner Maurice Milligan, District attorney, nounced the other two counts against her would dismissed. WHAT TO Pa locomotive flat car bank receiver? Harry counsel the receivers the Monongahela National Bank Brownsville, judgment against railroad line the assets proved the engine "Guess about some of my friends Cotton's comment


Article from The Wewoka Times-Democrat, December 31, 1934

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Article Text

WHAT TO DO Uniontown, Pa.,-Of what use can a locomotive and flat car be to a bank receiver? Harry A. Cotton, counsel for the receivers of the Monogahela National bank of Brownsville, got a judgment against a small railroad line and the tangible assets proved to be the engine and a car. "Guess about all can do is invite some of my friends for a ride," was Cotton's comment.