Article Text
Millsboro Bank Receiver Named BROWNSVILLE Pa May J W Emigh has been named receiver for the First National Bank Millsboro, which closed 10 days ago.
16400. First National Bank (Millsboro, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 7310
- Charter Number
- 7310
- Start Date
- April 24, 1931
- Location
- Millsboro, Pennsylvania (39.987, -79.994)
Metadata
- Model
- gpt-5-mini
- Short Digest
ac547086133a1ea7
Response Measures
None
Receivership Details
- Depositor recovery rate
- 82.1%
- Date receivership started
- 1931-04-28
- Date receivership terminated
- 1936-09-25
- OCC cause of failure
- Economic conditions
- Share of assets assessed as good
- 41.1%
- Share of assets assessed as doubtful
- 57.4%
- Share of assets assessed as worthless
- 1.4%
Description
Article states the First National Bank of Millsboro closed about 10 days prior to May 4, 1931 and a receiver (J. W. Emigh) was named on May 4, 1931. No mention of a run; closure resulted in receivership. Exact reason for closure is not provided in the brief notice.
Events (4)
1.
June 21, 1904
Chartered
- Source
- historical_nic
2.
April 24, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Bank closed around April 24, 1931; receiver named May 4, 1931. Article gives no further reason for the suspension.
- Newspaper Excerpt
- BROWNSVILLE Pa May J W Emigh has been named receiver for the First National Bank Millsboro, which closed 10 days ago.
- Source
- newspapers
3.
April 28, 1931
Receivership
- Source
- historical_nic
4.
May 4, 1931
Receivership
- Newspaper Excerpt
- J W Emigh has been named receiver for the First National Bank Millsboro, which closed 10 days ago.
- Source
- newspapers
Newspaper Articles (1)
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