Agricultural Trust Company (Lancaster, PA)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
April 16, 1935
Location
Lancaster, Pennsylvania (40.038, -76.306)
Bank Type
trust

Metadata

Events (2)

1. April 16, 1935 Receivership
Newspaper Excerpt
Charles E. Gebhard succeeds Charles F. Bowman as deputy receiver in charge of the Agricultural Trust and Savings Company and the Lancaster Trust Company, both of Lancaster.
Source
newspapers
2. December 19, 1935 Receivership
Newspaper Excerpt
A petition was presented in court Wednesday by H. Clay Burkholder, attorney for Leo A. Werner, deputy receiver of the Agricultural Trust and Savings Company, asking for the court's approval to a sale of a property...
Source
newspapers

Newspaper Articles (5)

Article Text

NAME CHARLES GEBHARD DEPUTY BANK RECEIVER

Harrisburg, Today.β€”(AP)β€”Luther A. Harr, secretary of banking, Monday announced two changes in the list of deputy receivers in the division of closed banks.

Charles E. Gebhard succeeds Charles F. Bowman as deputy receiver in charge of the Agricultural Trust and Savings Company and the Lancaster Trust Company, both of Lancaster. The department is liquidating only the trust department of the latter bank, its commercial assets having been taken over by special liquidating trustees. Thomas J. Callahan replaces Walter Oliver as deputy receiver of the five closed banks in Luzerne county. The banks are the Dime Bank Title and Trust Company, Heights Deposit Bank, and Pennsylvania Liberty Bank and Trust Company, all of Wilkes-Barre; the Peoples Savings and Trust Company of Duryea, and the Plains State Bank.


Article Text

DEMOCRATS HIT BANKING CHANGE

Local Aspirants Disappointed as Lebanon Man Succeeds Bowman.

Bitter disappointment was voiced among local Democrats today because the appointment of a successor to Charles F. Bowman, deputy receiver for the Agricultural Trust and the Lancaster Trust companies, went to a Lebanon man instead of to one of the long list of local aspirants.

Charles E. Gebhard, an employe of the State Department of Banking, got the appointment, according to an announcement last night by Luther A. Harr, State Secretary of Banking.

Lancaster Democrats, aside from the fact that they lost the "plum," insisted today the affairs of the banks require the direction of a local man who is acquainted with local conditions, especially real estate. The deputy was liquidating only the trust fund at the Lancaster Trust.

Formal Notice to Bowman

Formal notice of his removal was contained in a letter to Mr. Bowman from E. J. Buckley, head of the Division of Closed Banks. Mr. Buckley wrote, in part:

"Dear Mr. Bowman: In accordance with the instructions received from the Secretary of Banking, I am writing this letter to inform you that he has seen fit to revoke your appointment as Deputy Receiver. In your place he has appointed Mr. Charles E. Gebhard.

"Dr. Harr has asked me to express his appreciation for the work which you have done in the past and to advise you that your salary will continue for fifteen days after the effective date of this appointment, which is as of the close of business April 15."

Mr. Bowman said today further liquidation centers largely around the disposition of real estate holdings, the market for which has quickened within the past several weeks. Two sales were completed last week, it was understood.


Article Text

Bitter disappointment was voiced among local Democrats today because the appointment of a successor to Charles F. Bowman, deputy receiver for the Agricultural Trust and the Lancaster Trust companies, went to a Lebanon man instead of to one of the long list of local aspirants.

Charles E. Gebhard, an employe of the State Department of Banking, got the appointment, according to an announcement last night by Luther A. Harr, State Secretary of Banking.

Lancaster Democrats, aside from the fact that they lost the "plum," insisted today the affairs of the banks require the direction of a local man who is acquainted with local conditions, especially real estate. The deputy was liquidating only the trust fund at the Lancaster Trust.


Article Text

TWO CONSTABLES FILE PETITIONS

(Continued From Page One)

Jury, Eaby said.

William B. Arnold, assistant district attorney who had charge of the Grand Jury, will present his side of the case in a written brief, District Attorney Paul A. Mueller informed the court.

Reasons for a new trial for Arthur Shue, York county resident convicted in September of fraudulent conversion, were also heard by the court. Shue was convicted of fraudulently converting $350. Eugene Edwin Schuberth and Robert Ruppin argued for the new trial while Eaby opposed it.

H. Frank Eshleman asked the court to dismiss a petition asking for the laying out of a new road along the east bank of the Conestoga creek in East Lampeter township between the old and new Eden bridges. Eshleman was opposed to the wording of the petition saying the road would run "along the east bank" and told the court if it followed the bank of the stream it meant the road would have to be cut through a grove of valuable cedar trees. Eaby amended the petition by striking out the words, but Eshleman asked the court to take the matter under advisement.

A petition was presented in court Wednesday by H. Clay Burkholder, attorney for Leo A. Werner, deputy receiver of the Agricultural Trust and Savings Company, asking for the court's approval to a sale of a property on Juliette avenue, Rossmere, to Walter C. Miller, Manheim township, for $5,500.

George Herr, 144 E. Ross st., was granted a divorce from Mary E. Herr, Dorwart st., on the ground of desertion. They were married August 18, 1894 and separated December 22, 1922.


Article Text

H. Frank Eshleman asked the court to dismiss a petition asking for the laying out of a new road along the east bank of the Conestoga creek in East Lampeter township between the old and new Eden bridges. Eshleman was opposed to the wording of the petition saying the road would run "along the east bank" and told the court if it followed the bank of the stream it meant the road would have to be cut through a grove of valuable cedar trees. Eaby amended the petition by striking out the words, but Eshleman asked the court to take the matter under advisement.

A petition was presented in court Wednesday by H. Clay Burkholder, attorney for Leo A. Werner, deputy receiver of the Agricultural Trust and Savings Company, asking for the