Articles (Oct 1933) report appointment of a receiver by the Comptroller of the Currency for the First National Bank of Ellwood City (paired with Citizens National), indicating the bank was closed and placed in receivership. No article describes a depositor run prior to suspension. Follow-up Nov 1934 article shows receiver pursuing suits against stockholders.
Events (5)
1.November 17, 1892Chartered
Source
historical_nic
2.January 10, 1933Receivership
Source
historical_nic
3.October 17, 1933Receivership
Newspaper Excerpt
Announcement was made today of the appointment of Charles E. Ketterer ... as the receiver for the Citizens National and the First National Banks of Ellwood City. ... Ketterer's appointment was signed by Comptroller of the [Currency]. Mr. Ketterer takes over the work of the receivership ... October 18. NAMES BANK RECEIVER Ellwood City, Pa., Oct. ... the First National and Citizens' banks were in the hands of Ketterer ... following his appointment successor to Robert Wylie as receiver. (articles dated 1933-10-17 and 1933-10-18).
Source
newspapers
4.October 18, 1933Suspension
Cause
Government Action
Cause Details
Comptroller of the Currency appointed a receiver for the First National (and Citizens National) Banks of Ellwood City, indicating a government-ordered closure/suspension leading to receivership.
Newspaper Excerpt
Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
Source
newspapers
5.November 2, 1934Other
Newspaper Excerpt
Ketterer, receiver of the First National bank of Ellwood City, has brought suit ... to secure judgment against Birchard on stock assessment liabilities ... Mr. Ketterer declared that other results will soon follow.
Source
newspapers
Newspaper Articles (4)
1.October 17, 1933New Castle NewsNew Castle, PA
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Article Text
Receiver Appointed
Charles E. Ketterer Is Appointed Bank Receiver At Ellwood City
WILL SUCCEED
ROBT. W. WYLIE
Announcement was made today of the appointment of Charles Ketterer of 407 Fourth street, Ellwood City, as the receiver for the Citizens National and the First National Banks of Ellwood City. He succeeds Robert Wylie. Ketterer's appointment was signed by Comptroller of the rency. Mr. Ketterer long time resident of Ellwood City and for eighteen years has been the hardware business. some time he has been the treasurer of the YahnJones Company. No announcement was made to the appointment an attorney for the receiver, but Attorney Wilbur Baer, State committeeman for the party here stated this would be done shortly. Mr. Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
2.October 18, 1933Bradford Evening Star and The Bradford Daily RecordBradford, PA
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Article Text
NAMES BANK RECEIVER Ellwood City, Pa., Oct. of the First National and Citizens' banks were in the hands of Ketterer, Democratic leader and local business man, today following his appointment success or to Robert Wylie as receiver.
3.November 2, 1934New Castle NewsNew Castle, PA
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Article Text
Start Suit Against Stockholder
Receiver Of Local Bank Brings Suit For Judgment Against Birchard
ELLWOOD Nov. Ketterer, receiver the First National bank of Ellwood City, has bought suit in the district court of the United States for the eastern district Pennsylvania, to secure judgment against Birchard on stock assessment liabilities for and interest from March 1933. to the date of controller of currency notice to all stock holders. The bank examiners are checking the books of the Citizens and First National banks Ellwood and Mr. Ketterer declared that other sults will soon follow.
4.November 2, 1934New Castle NewsNew Castle, PA
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Article Text
Start Suit Against Stockholder
Receiver Of Local Bank Brings Suit For Judgment Against Birchard
ELLWOOD CITY. Nov. Ketterer, receiver of the First Nntional bank of Ellwood City, has bought suit in the district court of the United States eastern district Pennsylvania, to secure judgment against Birchard stock assessment liabilities for and interest from March 1933, to the date of controller of currency notice to all stock holders. The bank examiners are checking the books of the Citizens and First National banks in Ellwood and Mr. Ketterer declared that other sults will soon follow.
