16662. Allegheny National Bank (Pittsburg, PA)

View Charter #722 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
722
Charter Number
722
Start Date
October 19, 1905
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini
Short Digest
8d9161379f46fd4e

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1908-05-18
Date receivership terminated
1917-01-22
OCC cause of failure
Fraud
Share of assets assessed as good
45.7%
Share of assets assessed as doubtful
41.0%
Share of assets assessed as worthless
13.3%

Description

OCR-corrected details: articles report Allegheny National Bank (Pittsburg, PA) closed/failed in mid-October 1905 (Article 1 dated 1905-10-19) with examiners and appointment of a receiver; a later article (1906-08-31) notes depositors of the defunct Allegheny National receiving receiver's certificates and a first dividend (~20%). No article describes a depositor run prior to suspension; events indicate suspension/closure with receivership rather than a mere run or reopening.

Events (4)
1. January 16, 1865 Chartered
Source
historical_nic
2. October 19, 1905 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed/closed due to internal insolvency/financial collapse; examiners appointed and investigation into affairs (suicide and other turmoil mentioned).
Newspaper Excerpt
Allegheny National ... doors closed ... bank examiner ... receiver ... failure of Allegheny.
Source
newspapers
3. August 31, 1906 Receivership
Newspaper Excerpt
The depositors of the defunct Allegheny National failed last October ... have received receiver's certificates for their deposits. the first dividend in 20 per cent received by them . . . .
Source
newspapers
4. May 18, 1908 Receivership
Source
historical_nic

Newspaper Articles (2)
1. October 19, 1905 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, October 19, 1905

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Article Text

PENROSE NOT IN IT Does Not Owe Enterprise Bank. it Had Know Didn't Failed How Much Known -Not McneyPennsylvania What Loses the Failure Treasurer by Piathues 19-Senator Says. Pa., last Oct. night how En- he ! Philadelphing was failure of Allegheny. the accounted Penrose National for the bank in about it,' ne it terprise know anything even know "I do not "I did not that bank a I its answered. I don't owe a thing about dollar. had failed. bank don't know failure." was asked 'iad that Governor Pennypacker if any, the failure. state how much money lose by the about it,' anunder a don't chance know to governor. anything jurisdiction "That matter and is er." entirely swered the the within control the of the state treasurThe exact Pa., Oct. carried 19-T on bank deof Harrisburg, money National doors Allegheny. will probably yesterday, until State amount posit in the Enterprotect which not its be known comes Treasurer Mathues to He expected the day during the treasand reach to the Pierce, return of this after- Lie ury, T. Stewart is expected Wilmington, to Del., statement. in Assistant of the charge to may noon probables from give out Dewey, in who the fur absuperiors department to the discuss was deposited sence the of his information or state money bank last of report nish that in $50,000 the Enterprise banking no Enterprise Deputy he Morrison Tuesday. The state supervision department over Commissioner knew at nothing whatever he that was and fairs positive has National bank. said to-day about that the bank's Cour no infor give could missioner is at The Sonimation. not his Becommissioner office expected erset before and to morrow. is to 19-4 dispatch says: New York, Oct. Media, Pa., said that last night of $50,000 the Herald Treasurer from Mathues to report been dein Tuesday posited of bank State in refernce state funds the had Enterprise which National Allegheny its can doors closed There in be The not any truth possibly at was of not the port Har deposit. nor and Tuesday Wednesday. it is any one would have risburnniikely a first made without deposit consulting me. invest:Pittsburg. the Pa., affairs Beaver of the avenue, of which Alwere leghenclosed of the the National gation of bank Pa.. of the doors afternoon fol- by City, yesterday currency. of suicide comptrolational is making and the progress. of early to-day hours bank examiner. low Lee Clark, the Far the last night B. Cunning- who national of the instireceiver labor ed steadily of the ham, WAS appointed pending his clerical force, unray the bank's extent tution sisted by in large an effort to embar missment. the The following of the the and closing tragedy as they have do the names in who active been citizens of Clark. Cashier fornished to of the float funds most the and Fe Sante Central Railway Pennsylv in State which former and and Arthur Renneds Andrews indeeply Francis Torrance Clark Cashier together Perested are lied For two ones The is projects mer Senator Kennedy the Devem H. Andrews the dent of Senator railway heavily in his C. W. man, idential Mr both tary former President Francis of J. both Terrance Hagan and is Clark of the cashier Enterpr of both of the was as held security

2. August 31, 1906 The Kennewick Courier Kennewick, WA
Article from The Kennewick Courier, August 31, 1906

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Article Text

SHORT TELEGRAPH ITEMS FROM ALL PARTS OF THE GLOBE. A Review of Happenings in Both Eastern and Western Hemispheres During the Past Week-National, Historical, Political and Personal Events. known Captain Nathan Appleton, the well reauthor and traveler, died cently There in is Boston. to be an invasion of this of country next fall by a number English prize fighters. Spokane, July 4, 5, 6 and 7. 1907, na- is place and date for the great Young tional the meeting of the Baptist People's President union. Roosevelt has appointed first Miles of Pennsylvania as at secretary Basil of the American embassy St. Petersburg. Anthony, postmaster at postoffice Ruthven, L. hanged himself in the shortage La., this morning because of a of $135 in his accounts. cruiser Marblehead has been The at Mare Island navy instead yard, of detained where she will be repaired intended. at Puget sound, as at first force who sought to hotel him- in Guorday, prison, is so ill at a he will self into that it is unlikely comever Chicago see HIS private penitentiary pleted. Just at present the German trouble emperor with having all kinds of the newspapers is newspapers and with are the having all sorts of trouble the German recent emperor. discussions on both sides that The Atlantic on the possibility United of the William may visit the seriously Emperor States have not been treated by the German press. country mansion of Prince Tiflis. Palavandoff peasants The at last Okoni night. was The and set fire by escape on princess was unable to burned to death. that was surprsng to learn Grand It is very the mortality in membership the despite of the Republic, the by more Army organization increased months. of the during the past six the and than Mexico 3000 has decided to prohibit ammunition importation of arms Sonoro for the purIndians into the preventing state of the hostile supplies. pose of procuring in state from of busiNearly that an entire in West block Fourth front street ness and buildings Greene streets, cently, causing New between York, Mercer were damage partially to burned a dozen reexceeding $250,000. Enterbank firms The depositors of the of defunct Allegheny, prise National failed last October, the have shape rewhich their first dividend in 20 per of ceived receiver's certificates for of their deposits. the cent Twelve armed men held about up ten Ivanoff passenger Moscow train and robbed a rail- to miles cashier from of $2500 and escaped of the way forest. Subsequently two the were arrested. Gailrobbers jury in the case of Doss who is on The the alleged lyncher, failed braith, trial at Springfield, Gailbraith was Mo., discharged. and to agree The vote and stood 10 for acquittal two for conviction. understood that M. and Edmond other Rostand, It is M. Catulle Mendes and dramatists, leading French a demonstration poets against Leorganizing of the council of the refusal Honor to decorate Mme. are the gion Bernhardt of becoming Sarah Ark.-Suddenly wife of Piggott, Mrs. Frank Polsgrove, St. Franinsane, known farmer of the husband cis a well neighborhood. child killed her and fatally boy and wounded 4-year-old her other two children, a of 3 and Gaekwar a girl of of 7. Baroda, who says has The traveling through Scotland, when he told been spoke jokingly American that he York reporter that "I have women the New lacked American real beauty. ladies charming really found said his highness. million women," said that at least a included. It is Americans last 30 "vacationists" London during the safe to have left million it is hisdays. wager that Of the at least never 900,000 before are in in its many Scoton land. Perhaps there ever been as there people tory have the soil of Scotland as are today. would ever imagine that queens Mme. of Who one of the reigning forth with a Melba, once went hand, a huge of paste other, and a song pail today, brush in the in one Such a roll thing. of paste arm? the bills under her happened in however, actually career, when she sing was hungering early days of for her opportunities to in boat public. German submarine Kiel the other The was new launched at the Dequevillay the which day is provided system. with This enables and resubmersion appear boat to speed, disappear at the and surface under renders for without water an it a enemy's matter diminon of ishing extreme bring difficulty their guns to bear artillery the attacking to submarine.