18531. Monongahela National Bank (Brownsville, PA)

View Charter #648 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
648
Charter Number
648
Start Date
January 1, 1931*
Location
Brownsville, Pennsylvania (40.020, -79.890)

Metadata

Model
gpt-5-mini
Short Digest
790505ed

Response Measures

None

Receivership Details

Depositor recovery rate
46.0%
Date receivership started
1931-04-16
OCC cause of failure
Economic conditions
Share of assets assessed as good
29.4%
Share of assets assessed as doubtful
63.1%
Share of assets assessed as worthless
7.5%

Description

Articles state the Monongahela National Bank of Brownsville closed last spring and was in receivership; later articles (1934) refer to receivers' actions. No article describes a depositor run causing the suspension. Date of suspension is not given precisely; last spring in a 1931 article implies spring 1931. Receiver activity and dividend payments are reported in Dec 1931 and receivers' litigation/assets appear in 1934.

Events (5)
1. December 24, 1864 Chartered
Source
historical_nic
2. January 1, 1931* Suspension
Cause Details
Article states the bank was closed/suspended but gives no specific cause (no run or specific insolvency detail reported).
Newspaper Excerpt
Between $550,000 and $560,000 is being distributed among the depositors of the closed Monongahela National Bank here... the institution, closed last spring.
Source
newspapers
3. April 16, 1931 Receivership
Source
historical_nic
4. December 1, 1931 Receivership
Newspaper Excerpt
Receiver Lloyd Littrel estimated the payment as 15 per cent of the total deposits of the institution... Those living in the borough and immediate vicinity will call for them at the bank.
Source
newspapers
5. December 31, 1934 Other
Newspaper Excerpt
Harry A. Cotton, counsel for the receivers of the Monongahela National Bank of Brownsville, got judgment against small railroad line and the tangible assets proved to be the engine and car.
Source
newspapers

Newspaper Articles (11)
1. December 1, 1931 The Daily Courier Connellsville, PA
Article from The Daily Courier, December 1, 1931

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Article Text

Brownsville Bank Will Pay $550,000, Initial Dividend Special to The Courier. Rent BROWNSVILLE, Dec. 1.-Between $550,000 and $560,000 16 being distributed among the depositors of the closed Monongahela National Bank here. Receiver Lloyd Littrel estimated Estate the payment as 15 per cent of the total deposits of the institution, closed last spring. Those living in distant places will receive their checks by mail while those in the borough and immediate vicinity will call for them at the bank. Pole Climber Killed. JOHNSTOWN, Dec. 1.-Robert Lill, 11, climbed pole near his home last night and came in with an electric wire. He was hurled to the street by the shock and died within a short time.

2. January 15, 1934 The Daily Notes Canonsburg, PA
Article from The Daily Notes, January 15, 1934

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Article Text

HIGH COURT RULES IN SCHOOL DISTRICT BONDS WASHINGTON, Jan. The supreme court today declined to review case of importance to holders of school district bonds in connection with similar funds deposited in closed banks. The action in which the comptroller of the currency had intervened, invoked bonds issued in 1908 and 1925 of the Brownsville, Pa., school district. Sinking funds to liquidate the bonds totalling had accumulated in the Monongabela National Bank of Brownsville when closed: At the time the bank suspended, the school district also owed the bank $15,000 on certificates of indebtedness which the district sought to have offset by the sinking fund balance. The federal district court and the circuit court both held that the accounts did not offset one another.

3. December 31, 1934 Wilkes-Barre Times Leader Wilkes-Barre, PA
Article from Wilkes-Barre Times Leader, December 31, 1934

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Article Text

WHAT TO DO Uniontown. Pa.-Of what use can a locomotive and flat car be to bank receiver? Harry A. Cotton counsel for the receivers of the Monongahela National Bank of Brownsville, got judgment against small railroad line and the tangible assets proved to be the engine and car. "Guess about all can do is invite some of my friends for a ride," was Cotton's comment.

4. December 31, 1934 The Akron Beacon Journal Akron, OH
Article from The Akron Beacon Journal, December 31, 1934

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Article Text

What To Do UNIONTOWN, Pa.-Of what use can locomotive and flat car be to bank receiver? Harry A. Cotton, counsel for the receivers of the Monongahela Na tional bank of Brownsville, got judgment against small railroad line and the tangible assets proved to be the engine and car. "Guess about all can do is invite some my friends for a ride," was Cotton's comment.

5. December 31, 1934 The Ithaca Journal Ithaca, NY
Article from The Ithaca Journal, December 31, 1934

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Article Text

Flashes of Life By the Associated Press New York "Nudist camps are stupid and idiotic," cried the barrel-chested Anthony Sclafani. "Their contention is that we came into the world without anything on. But in those days we didn't know any better.' Sclafani knows better. He wore shorts-and only shorts-for his jaunt past New York's shivering churchgoers in yesterday' subfreezing wind. Minneapolis-A 5-pound pickerel jumped out of a hole in the ice on Coon Lake and bit Alvin Mickelson on the nose. Two companions vouch for the story while Mickelson is exhibiting the fish and a scratched proboscis as proof. Mickelson says he will get his revenge-biting into the fish. Uniontown, Pa. Of what use can locomotive and a flat car be to bank receiver? Harry A. Cotton, counsel for the receivers of the Monongahela National Bank of Brownsville, got judgment against a* small railroad line and the tangible assets proved to be the engine and car. "Guess about all can do is invite some of my friends for a ride," was Cotton's comment. on the rails has ended in voluntary retirement for 79-year-old Daniel Patrick Hurley, oldest conductor on the Cotton Belt lines. Kirby M. Post. vicepresident and general manager, said the road had never been called on to pay a claim as a result of any occurence on a train in Hurley's charge during the 52 years he served as conductor. Baltimore Even though it is fringed with icicles, Mrs. Charles Meyer Schriver thinks her swimming pool is "too good to miss." The daughter-in-law of George M. Shriver, first vicepresident of the Baltimore & Ohio Railroad, takes daily plunge and often runs back to the house with 0 frozen suit and cap.

6. December 31, 1934 Salt Lake Telegram Salt Lake City, UT
Article from Salt Lake Telegram, December 31, 1934

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Article Text

Excess Baggage Bank Receiver Sucs, Gets Engine, Flatcar what use can locomotive and flatcar bank receiver? Harry the the Monongahela tional bank of Brownsville, got judgment against small road line and the tanglible assets proved to be the engine and about do invite some my friends for was Cotton's comment.

7. December 31, 1934 The Clarksdale Press Register Clarksdale, MS
Article from The Clarksdale Press Register, December 31, 1934

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Article Text

WHAT TO DO UNIONTOWN, Pa. (AP) Of what use can locomotive and flat car be to bank receiver! for Cotton, counsel Harry A. the Monongahela receivers of National the Bank of Brownsville, rail- got small judgment against assets and the tangible line proved road to be the engine and car. "Guess about all can do is invite some of my friends for ride,' was Cotton's comment.

8. December 31, 1934 Public Opinion Chambersburg, PA
Article from Public Opinion, December 31, 1934

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Article Text

FLASHES of LIFE The 5-pound pickjumped of hole the ice Coon Lake and bit Alvin Mickelson nose. Two companions vouch for the story while Mickelson exhibiting the fish and scratched proboscis proof. Mickelson he will get his reinto the fish. NEW a whir and rattle of gears, Ajeeb, the master of human checker players, has come back to life. The robot, which disappeared after the closing of the Eden Musee in 1915, has been recovered. His owner, Frank Fraine, has given him silk robes and a diet of rust and oil. And, lest the robot get headache, Fraine has spare head, complete from turban to whiskers. what use can locomotive and flat car be to bank receiver? Harry A. Cotton. counsel for the receivers of the Monongahela National Bank Brownsville, got small railroad line and the tangible assets proved to be the engine and "Guess about all can do is insome my friends for a was Cotton's comment. WACO. Tex years on the rails ended in voluntary retirement Daniel Patrick Hurley, oldest conductor on the Cotton Belt Lines Kirby Post, vice president and general the road never had been called on to pay claim as result of any occurrence on train in Hurley's charge during the 52 years he served as conductor.

9. December 31, 1934 The Decatur Daily Decatur, AL
Article from The Decatur Daily, December 31, 1934

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Article Text

By The Associated Press THERE'S A DIFFERENCE NEW YORK-"Nudist camps are stupid and idiotic," cried the barrel-chested Anthony Scalafani. "Their contention is that we came into the world without anything on. But in those days we didn't know any better." Scalafani knows better. He wore shorts-and only shorts-for his jaunt past New York's shivering churchgoers in yesterday's subfreezing wind. WAS NOSE SHINY? MINNEAPOLIS A 5 -pound pickrel jumped out of a hole in the ice on Coon Lake and bit Alvin Miskelson on the nose. Two companions vouch for the story while Mickelson is exhibiting the fish and a scratched proboscis as proof. Mickelson says he will get revenge-biting into the fish. WATSON, MY HEAD NEW YORK-With whir and a rattle of gears, Ajeeb, the master of human checker players, has come back to life. The robot, which disappeared after the closing of the Eden Musee in 1915, has been His owner, Frank Fraine, has given him new silk robes and a diet of rust remover and oil. And, lest the robot gets a headache, Fraine has provided a spare head complete from turban to whiskers. BLAME THE POLICE CHICAGO-Two robbers entered the home of Harvey P. Sather and started gathering up all the money and jewelry they could find. "If the police hadn't closed up the handbooks we wouldn't have to be doing this," they explained. REWARD FOR FAITHFULNESS the little black dog, may go home. With a couple of mournful "woofs" and sad whine, Pete came to the Southside police station, to which he had traced his master. The sergeant couldn't tell Pete the master was doing time for being drunk, but kind-hearted officers provided handout each meal time for three days. Today the master's jail term is up. WHAT TO DO UNIONTOWN, Pa-Of what use can locomotive and flat car be to bank receiver? Harry A. Cotton, counsel for the receivers of the Mongahela National Bank of Brownsville, got judgment against a small railroad

10. December 31, 1934 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, December 31, 1934

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Article Text

COURT HEARS GUILTY PLEA Mrs. Mathis Pleads Guilty In Massacre Case. Kansas City, Dec Vivian Mathis, one eight fendants the Union Station spiracy case, pleaded guilty the first three counts the charge her jury farmers and business men today. Mrs. tall dressed black. was impassive when Judge Marrill Otis asked her confirm the statement her Ralph Latshaw. replied in the affirmative Judge Otis nounced sentence would be ferred until end the trial Mrs. Mathis posed here wife of the late Verne Miller cused the government three machine gunners killed four officers and Frank Nash the Union Station plaza here June 1933 The count which she pleaded guilty that conspiring federal prisoner Maurice Milligan, District attorney, nounced the other two counts against her would dismissed. WHAT TO Pa locomotive flat car bank receiver? Harry counsel the receivers the Monongahela National Bank Brownsville, judgment against railroad line the assets proved the engine "Guess about some of my friends Cotton's comment

11. December 31, 1934 The Dothan Eagle Dothan, AL
Article from The Dothan Eagle, December 31, 1934

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Article Text

The Associated Press) (By To Do UNIONTOWN, Pa.-Of what locomotive and flat can bank receiver? car counsel for Harry the receivers of the Mongahela National Bank of Brownsville, judgment against small got railroad line and the tangible assets proved to the engine and "Guess about all car. friends do some my for ride," was Cotton's comment. There's Difference NEW camps are idiotic," cried the barstupid and Anthony Scalafani. rel-chested contention is that came the world without anything those days we didn't know But in Sclafani knows better. any He wore only shortshis past New York's for jaunt church goers in yesterday's ering wind. Was Nose Shipy? 5-pound pickerel jumped out of hole Coon Lake and the Ice Mickelson the Alvin nose. Two companions vouch while Mickelson for the story exhibiting the fish and proboscis proof. scratched he will his Mickelson says into the fish. Watson, My Head stir and NEW Ajeeb, the master rattle gears, checker players, has human come back to life. The robot, which after the closing disappeared Eden Musse 1915, has been the His owner, Frank recovered. has him new silk Fraine, given diet rust remover robes and And, lest the robot and headache, Fraine has provided head, complete from turban spare to whiskers. Blame The Police robbers tered the home Harvey Sather and started gathering all the money and jewelry up they could find. the police hadn't closed the handbooks wouldn't have be doing this," they explained. Reward For Faithfulness little black dog, may home. With couple mournful "woofs" and sad whine, Pete came the Southside police station, to which he had traced his master. The report, although friends saw him waiting at the telephone for the call that never came. Glass still about that labored and indirect offered the Federal Reserve Board He did not miss the point that the board sued its ring to his charges and privately he fully the compliment. But Glass had seen the direct reply written and torn up Eccles Christmas Eve, there would have real fireworks here for Christmas. Just because never hear of Felix Frankfurter any more, not mean that father of the brain trust has from the New Deal The fact he has become the of the New He has flitted and out the White least twice and probably much oftener during the last few weeks. Presumably lending preparation of the message to Congress.