Article Text
WHITEHALL BANK RECEIVER NAMED Jan. Sitterley has been receiver for the National Bank of Whitehall, which on December lost. The closing after meeting the directors who decided to close for the "protection of the depositors.'
17052. National Bank (Whitehall, NY)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 8388
- Charter Number
- 8388
- Start Date
- December 1, 1931*
- Location
- Whitehall, New York (43.556, -73.404)
Metadata
- Model
- gpt-5-mini
- Short Digest
53b65f95
Response Measures
None
Receivership Details
- Depositor recovery rate
- 85.4%
- Date receivership started
- 1932-01-26
- Date receivership terminated
- 1938-09-22
- Share of assets assessed as good
- 33.1%
- Share of assets assessed as doubtful
- 61.5%
- Share of assets assessed as worthless
- 5.3%
Description
Article states the directors decided to close the National Bank of Whitehall in December (presumably Dec 1931) for the protection of the depositors. A receiver (Jan. Sitterley) was named in January (article dated 1932-01-29). No run is mentioned.
Events (4)
1.
October 5, 1906
Chartered
- Source
- historical_nic
2.
December 1, 1931*
Suspension
- Cause
- Voluntary Liquidation
- Cause Details
- Directors decided to close the bank in December for the protection of the depositors.
- Newspaper Excerpt
- Jan. Sitterley has been receiver for the National Bank of Whitehall, which on December lost. The closing after meeting the directors who decided to close for the protection of the depositors.'
- Source
- newspapers
3.
January 1, 1932*
Receivership
- Newspaper Excerpt
- Jan. Sitterley has been receiver for the National Bank of Whitehall ... The closing after meeting the directors who decided to close for the protection of the depositors.'
- Source
- newspapers
4.
January 26, 1932
Receivership
- Source
- historical_nic
Newspaper Articles (1)
Click image to open full size in new tab