16937. Conewango Trust Company (Warren, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
August 27, 1932
Location
Warren, Pennsylvania (41.844, -79.145)

Metadata

Model
gpt-5-mini
Short Digest
8f2ca473224e04d5

Response Measures

None

Description

Newspapers (Aug 27, 1932) list Conewango/Conewago Trust Co. of Warren among closed banks making partial (10%) payments to depositors, indicating the institution was closed and in liquidation/receivership. OCR variants appear (Conewago vs Conewango); corrected to Conewango as provided. No article mentions a depositor run, only distributions by state banking authorities.

Events (1)
1. August 27, 1932 Receivership
Newspaper Excerpt
Conewango Trust Company, Warren, payment 10 per cent, amounting $35,357, to 2,100 accounts.
Source
newspapers

Newspaper Articles (2)
1. August 27, 1932 Republican and Herald Pottsville, PA
Article from Republican and Herald, August 27, 1932

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Article Text

CLOSED BANKS MAKE PARTIAL PAYMENT Distribution Will Be Made DurComing Week. Philadelphia. Aug. More than depositors in fifteen closed banks will receive part their deposits within the coming Dr. WilGordon. State Secretary announced today. The banks Conewago Trust Co., Warren, 10 per First Bank and Trust Co., WashingDeposit Bank. of McKeesport. per cent. $113,227. Bank and Trust Pittsburgh. per cent. $198,000. Trust Co., Washington, Pennsylvania Liberty Bank and Trust Co., cent., Bank. 10 per Trust Co., $44,761. People's Trust Company. Frackville, Darby Bank and Trust Company. $56,000. Glenside Bank and Trust Co., 10 per The remaining four institutions were

2. August 27, 1932 Pittsburgh Post-Gazette Pittsburgh, PA
Article from Pittsburgh Post-Gazette, August 27, 1932

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Article Text

BANKS PAY DIVIDENDS State Banking Gives List Of 15, Including One Here And in McKeesport. William Gordon, state secretary of banking, today ments to be made to depositors closed banks. The payments will include: Conewango Trust Company, Warren, payment cent, amounting $35,357, to 2,100 acAugust First Bank and Trust Company, Washington, payment of per August amounting to $624.to 15,000 depositors. Pennsylvania Deposit Bank, McKeesport, first payment per August amounting to $113,depositors. Bank and Trust Pittsburgh, first payment of 31, amounting to $198,342. to 10,000 Washington Trust Washington, payment of August amounting to $454,651, to 20,000