Webster National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 13145
Charter Number: 13145
Start Date: July 13, 1934
Location: Webster, New York (43.212, -77.430)

Metadata

Model: gpt-5-mini
Short Digest: c1602387

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-11-15
Date receivership terminated: 1937-08-07
Share of assets assessed as good: 41.9%
Share of assets assessed as doubtful: 58.0%
Share of assets assessed as worthless: 0.1%

Description

Article (Buffalo Daily Law Journal, 1934-07-14) shows a mortgage assignment by the Webster National Bank 'by Receiver' dated July 13, 1934, indicating the bank was in receivership and therefore closed. No article text mentions any depositor run; closure appears government/receivership-driven. Date of suspension not explicitly stated in the clipping; receivership/assignment recorded 1934-07-13.

Events (4)

1. November 25, 1927 Chartered

Source: historical_nic

2. November 15, 1933 Receivership

Source: historical_nic

3. July 13, 1934 Receivership

Newspaper Excerpt: Mortgage Assignments July 13 Webster National Bank by Receiver to Alfred L Goodell $4,000.
Source: newspapers

4. * Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership (government/receiver action); suspension/closure implied by receiver assignment.
Newspaper Excerpt: Webster National Bank by Receiver to Alfred L Goodell $4,000.
Source: newspapers

Newspaper Articles (1)

1. July 14, 1934 Buffalo Daily Law Journal Buffalo, NY

Article from Buffalo Daily Law Journal, July 14, 1934

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Article Text

Mortgage Assignments July 13 Webster National Bank by Receiver to Alfred L Goodell $4,000. Stephen Mazurek to Stephenia Bielec $1,500. Mary E Deppeler to John Deppeler $1,100. Mildred F Finley to Thad Gardiner Joseph Ailinger by Admr to Anna M Stephen $1,300. Clara Notar to Frances Goetzmann $2,670. Elizabeth Tompkins as Exr etc to Joseph Kennedy $4,050. Frank McMillan to Lucy J Darling by Exr $3,200. Jacob Frey to Community Savgs & Loan Assn April 25 1922. Agnes E Martin to Erie Savgs & Loan Assn Sept 10 1928. Giuseppe Tonello & to Frank Blue Dec 31 1926. Mary A Davenport to The Oswego City Savgs Bank July 1930. Frances Zajac et al ot The Buffalo Savgs Bank Jan 21 1932. Alma F Burke to The Oswego City Savgs Bank March 25 1921. Harry Duchman & to Harry Duchmann individually and as Exrx etc Oct 10 1927. Joseph Grosso to John Aquilina & Feb 1930. Same to Buffalo Savgs Bank Sept 20 1928. Oscar Zimmerman to The Seneca National Bank of West Seneca July 17 1928. Oscar Zimmerman to Robert Caufield & July 1926. Edward Kniery & to Chas F Brown May 19 1926. Frank S Holmwood & to Frank B Stafford 1925. Wladyslaw Fedorowicz to William Kelly Feb 1930. Alfred Blass to Frances D McNaughton June 10 1931. Leonard W Beller to Maria Semrau Dec 11 1922. Louis E Howe & to Liberty Bank of Buffalo as Trustee etc April 27 1926. Clara Beu to Community Savgs & Loan Assn June 10 1924. Same to Same Oct 6 1925. Rose Mazey & to The Marine Trust Company of Buifalo July 1928. Caroline Fritz to Same April 1924. George Underhill to The Bank of E Aurora Jan William C Davies to Same Sept 27 1926. Same to Same June 22 1921.