16317. City Savings Fund & Trust Company (Lancaster, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
September 18, 1907
Location
Lancaster, Pennsylvania (40.038, -76.306)

Metadata

Model
gpt-5-mini
Short Digest
8470d04808ba8ae3

Response Measures

None

Description

Articles (Sept 18, 1907) report that J. Harry Rathfon is the receiver of the City Saving(s) Fund and Trust Company and has sued the former president for $200,000. This indicates the institution was in receivership (permanently closed/failing) at the time. OCR shows the bank named as 'City Saving Fund and Trust company' in the clippings; corrected to plural 'Savings' to match provided bank name. No mention of a run or temporary suspension/reopening in the provided clippings—only receivership and recovery litigation.

Events (1)
1. September 18, 1907 Receivership
Newspaper Excerpt
J. Harry Rathfon, receiver of the City Saving Fund and Trust company, brought suit against the estate of Charles H. Locher for $200,000.
Source
newspapers

Newspaper Articles (2)
1. September 19, 1907 The Free Lance Fredericksburg, VA
Article from The Free Lance, September 19, 1907

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Article Text

SUED FOR $200,000 Trust Co. Receiver Seeks to Recover From Estate of Charles H. Locher. Lancaster, Pa., Sept. 18.-J. Harry Rathfon. receiver of the City Saving Fund and Trust company, brought suit against the estate of Charles H. Locher for $200,000. It is averred that when Locher was president of the institution he borrowed that amount from the company without the knowiedge of the directors, and used the money In his private ventures or lent It to members of his family.

2. September 20, 1907 Milford Chronicle Milford, DE
Article from Milford Chronicle, September 20, 1907

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Article Text

SUED FOR $200,000 Trust Co. Receiver Seeks to Recover From Estate of Charles H. Locher. Lancaster, Pa., Sept. 18.-J. Harry Rathfon, receiver of the City Saving Fund and Trust company, brought suit against the estate of Charles H. Locher for $200,000. It is averred that when Locher was president of the institution he borrowed that amount from the company without the knowiedge of the directors, and used the money in his private ventures or lent it to members of his family.