Crestwood National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12940
Charter Number: 12940
Start Date: January 15, 1934
Location: Tuckahoe, New York (40.953, -73.823)

Metadata

Model: gpt-5-mini
Short Digest: 39779282

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-01-15
Date receivership terminated: 1938-06-28
Share of assets assessed as good: 81.1%
Share of assets assessed as doubtful: 13.1%
Share of assets assessed as worthless: 5.8%

Description

Article (Aug 7, 1934) states the Crestwood National Bank was found to be insolvent January 15 and that a receiver (Frank H. Mackintosh) is acting to collect an assessment ordered by the Comptroller April 9. No run or reopening is mentioned; bank is insolvent and in receivership.

Events (3)

1. June 8, 1926 Chartered

Source: historical_nic

2. January 15, 1934 Receivership

Source: historical_nic

3. January 15, 1934 Receivership

Newspaper Excerpt: the insolvent Crestwood National Bank of Tuckahoe. According to a complaint ... the bank was found to be insolvent January 15
Source: newspapers

Newspaper Articles (1)

1. August 7, 1934 The Herald Statesman Yonkers, NY

Article from The Herald Statesman, August 7, 1934

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Article Text

Stock Levy Suit Names Woman Bank Receiver Acts to Collect Assessment Mrs. Reba Dingwall of 59 Crestwood Avenue is named as defendant in a suit brought yesterday in United States District Court in New York City in behalf of Frank H. Mackintosh as receiver for the insolvent Crestwood National Bank of Tuckahoe. According to a complaint presented by John C. Delaney, counsel for the receiver, the bank was found to be insolvent January 15 and April 9 the Comptroller of the Currency determined that in order to meet the debts of the bank an assessment bf $40 a share be levied against each stockholder. The bank has a capital of 1,000 shares of stock at a par value of $100 each, total of $100,000. By the assessment a total of $40,000 will be raised. Mrs. Dingwall is said to be the owner of 40 shares the stock. Judgment for $1,600 together with interest from May 16 last, the date the assessment is due, is asked.