Coatesville Trust Company - Coatesville, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: September 18, 1934
Location: Coatesville, Pennsylvania (39.983, -75.824)

Metadata

Model: gpt-5-mini
Short Digest: 08937811

Response Measures

None

Description

Article (1934-09-18) reports depositors of the 'closed Coatesville Trust company' receiving a 14% dividend check (fourth payment, total 64%). Indicates the bank had previously closed and is in liquidation/receivership and making dividend distributions. No run is mentioned in the article.

Events (1)

1. September 18, 1934 Receivership

Newspaper Excerpt: The 176 depositors in the closed Coatesville Trust company found in their-mail Monday morning checks representing 14 per cent dividend, total of $113,615.91. fourth payment and brings was the total dividends to 64 per cent.
Source: newspapers

Newspaper Articles (1)

1. September 18, 1934 Intelligencer Journal Lancaster, PA

Article from Intelligencer Journal, September 18, 1934

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Article Text

COATESVILLE TRUST PAYS 14% DIVIDEND Coatesville- The 176 depositors in the closed Coatesville Trust company found in their-mail Monday morning checks representing 14 per cent dividend, total of $113,615.91. fourth payment and brings was the total dividends to 64 per cent. Mrs. F. Lambert received probably the smallest check. It was for one cent. and enclosed in an envelope posted with two Junior ent High for the She T. of which she was School P. treasurer. HAY PRICES UNCHANGED (AP) Grain Hay slightly stronger; prices unchanged.