16399. Millersville National Bank (Millersville, PA)

View Charter #9259 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9259
Charter Number
9259
Start Date
March 1, 1934*
Location
Millersville, Pennsylvania (39.998, -76.354)

Metadata

Model
gpt-5-mini
Short Digest
ca4e7eb31e897c0a

Response Measures

None

Receivership Details

Depositor recovery rate
50.4%
Date receivership started
1933-08-15
Date receivership terminated
1938-05-26
Share of assets assessed as good
44.5%
Share of assets assessed as doubtful
38.3%
Share of assets assessed as worthless
17.2%

Description

Articles from 1934 refer to a receiver for the Millersville National Bank and receiver actions (resignation of solicitor; receiver filing suit), indicating the bank had been taken into receivership and is in closure/administration. No articles describe a depositor run prior to suspension; thus classified as a suspension leading to closure (receivership). Dates are drawn from publication dates and article text.

Events (5)
1. October 17, 1908 Chartered
Source
historical_nic
2. August 15, 1933 Receivership
Source
historical_nic
3. March 1, 1934* Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; receiver appointed (legal/administrative closure by authorities).
Newspaper Excerpt
resignation as Solicitor for the Receiver of the Millersville National Bank
Source
newspapers
4. March 15, 1934 Receivership
Newspaper Excerpt
J. Andrew Frantz, assistant city solicitor, has resigned as attorney for the receiver of the Millersville National bank.
Source
newspapers
5. June 18, 1934 Other
Newspaper Excerpt
DAILY INTELLIGENCER SUIT IS STARTED BY BANK RECEIVER ... Isaac C. Bucher, of this city, receiver of the Millersville National bank, is the plaintiff.
Source
newspapers

Newspaper Articles (2)
1. March 15, 1934 Lancaster New Era Lancaster, PA
Article from Lancaster New Era, March 15, 1934

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Article Text

J. A. FRANTZ QUITS AS BANK RECEIVER H. Clay Burkholder Recommended For Millersville Post. J. Andrew Frantz, assistant city solicitor, has resigned as attorney for the receiver of the Millersville National bank. H. Clay Burkholder has been recommended as his successor. In his letter of resignation to Comptroller of Currency James F. O'Connor, Frantz said: was appointed to the City Solicitor's office here on January 1934, because of which fact feel that will be unable to any longer represent the above receiver. It is with regret that I accordingly tender my resignation as Solicitor for the Receiver of the Millersville National Bank, because all my duties in connection therewith have been pleasure. am resigning the same, however, not only because of my added duties in connection with the City Solicitor's office but also because feel that one position, the result of political appointment, is enough for man carry in these days nomic distress which has affected the lawyer as well as the layman.'

2. June 18, 1934 Intelligencer Journal Lancaster, PA
Article from Intelligencer Journal, June 18, 1934

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Article Text

DAILY INTELLIGENCER SUIT IS STARTED BY BANK RECEIVER Two Men Accused of Plot To Conceal Real Estate From Creditors An equity action was filed at the court house Saturday in which Isaac C. Bucher, of this city, receiver of the Millersville National bank, is the plaintiff. The defendants are Isaac F. Murry, of Conestoga township, and Robert S. Graybill, of Providence township. In his complaint. Mr. Bucher asks the local court to set aside the conveyance of three properties from Mr. Murry to Mr. Graybill, which he alleges made "to conceal the real from Mr. also asks the court to 'enjoin the defendants from ing the real estate and for judgments against Murry, the amounts claimed to be due on the three properties in Conestoga and Manor According to complaint, the Millersville bank holds two promissory notes signed by Murry. One of the notes for $400 and dated October 17. 1925, on which balance $400 and from April 1933, is due. The other note is for $1,000, and daughter, Fannie, and granddaughter, Mary Helen Baker, of Talmage; George Steffy, Bareville; Mr. and Mrs. Alfred Miller, Reading; Mr. and Mrs. Hiram Steffy and Betty, of Brownstov Mrs. Frey and daughter, and Mr. and Mrs. Elwood Dietrich, of Denver R. D. MONDAY, JUNE 18, dated April 11, 1929, on which balance of 8950 and interest on the full amount of the note from November 21, 1933 is due. The says that Murry on April 14. 1934, deed Robert Graybill by "a false and fraudulent The property in Conestoga township subect to $500 mortgage held by I. B. Graybill and which firm composed of Graybill another person, It is stated in the complaint. According to the complaint, all three properties are subject to judgment lien for $1,249 held by the Graybill firm. Murry was sole owner of the properties, subject to the mortgage and lien, befoe Apil 14. and continues hold possesion of the tracts, it is also claimed.