16473. American Trust Company (Philadelphia, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
January 23, 1919
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
1fcf18a80ab5a5c5

Response Measures

None

Description

The articles (Jan 1919) refer to Frank H. Caven as Receiver of the American Trust Company and notice an auditor's meeting to settle the receiver's account — indicating the bank has been placed in receivership and remains closed. No articles mention a depositor run or temporary suspension/reopening; thus this matches a suspension leading to closure/receivership. Exact date of receivership not given in these notices; the court docket year 1909 appears in the heading but the notices are from Jan 1919 and set a Feb 15, 1919 meeting.

Events (1)
1. January 23, 1919 Receivership
Newspaper Excerpt
THE Auditor appointed by the above Court to audit, settle and adjust the third account of Frank H. Caven, Receiver of said American Trust Company, and to report to the said Court distribution of the balance in the hands of said Receiver...
Source
newspapers

Newspaper Articles (2)
1. January 23, 1919 Harrisburg Telegraph Harrisburg, PA
Article from Harrisburg Telegraph, January 23, 1919

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Article Text

Referee in Bankruptcy. Dated January 23, 1919. In the Court of Common Pleas of Dauphin County - Commonwealth Docket, 1909 - No. 840. COMMONWEALTH OF PENNSYLVANIA, ex rel, M, Hampton Todd, Attorney General, vs. AMERICAN TRUST COMPANY. THE Auditor appointed by the above Court to audit, settle and adjust the third account of Frank H. Caven, Receiver of said American Trust Company, and to report to the said Court distribution of the balance in the hands of said Receiver, will meet those interested for the purposes of his appointment on Saturday, the 15th day of February, 1919, at 10:30 o'clock A. M., at the office of Fell & Spalding, Attorneys for said Receiver, No. 618 North American Building. Philadelphia, when and where all parties interested are required to make and prove their claims, or be debarred from coming in upon said fund. EDWARD E. BEIDLEMAN, Auditor.

2. January 30, 1919 Harrisburg Telegraph Harrisburg, PA
Article from Harrisburg Telegraph, January 30, 1919

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Article Text

In the Court of Common Pleas of Dauphin County - Commonwealth Docket, 1909 -- No. 840. COMMONWEALTH OF PENNSYLVANIA, ex rel, M. Hampton Todd, Attorney General, vs. AMERICAN TRUST COMPANY. THE Auditor appointed by the above Court to audit, settle and adjust the third account of Frank H. Caven, Receiver of said American Trust Company, and to report to the said Court distribution of the balance in the hands of said Receiver, will meet those interested for the purposes of his appointment on Saturday, the 15th day of February, 1919, at 10:30 o'clock A. M., at the office of Fell & Spalding, Attorneys for said Receiver, No. 618 North American Building, Philadelphia, when and where all parties interested are required to make and prove their claims, or be debarred from coming in upon said fund. EDWARD E. BEIDLEMAN, Auditor.