Miners State Bank - Delmont, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1932*
Location: Delmont, Pennsylvania (39.903, -76.793)

Metadata

Model: gpt-5-mini
Short Digest: bbf4a4bb

Response Measures

None

Description

The article states a closed Miners State Bank of New Salem with a receiver ordered (July 1932). The provided bank is Miners State Bank, Delmont, PA — the article references New Salem, not Delmont, so the exact branch/location is unclear. The article describes a closed bank and appointment of a receiver (permanent closure), with accounting/stock purchase issues suggesting bank-specific problems, so classified as suspension leading to closure (receiver).

Events (1)

1. July 1, 1932* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Exceptions to the accounting and an action arising from claimed purchase of stock; receiver ordered after accounting issues and claims against the bank's transactions (bank-specific mismanagement/irregularities).
Newspaper Excerpt: closed Miners State Bank of New Salem ... receiver ordered
Source: newspapers

Newspaper Articles (1)

1. July 20, 1932 The Daily Courier Connellsville, PA

Article from The Daily Courier, July 20, 1932

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Article Text

BANK RECEIVER ORDERED Special to The Courier. UNIONTOWN, July 0-Exceptions the first and partial accounting of William Gordon. State Secretary Dresses and Jackets of Banking. who now charge of the closed Miners State Bank of New Salem, sustained Tuesday petition of Attorney Watt Hender- that formerly were $5.95. son and the receiver ordered Fox Fur Scarfs forthwith pay the of $992.50, action being the outgrowth of the purchase by Moore, Leonard Lynch, Pittsburg attorneys. Trumbull steel day! stock in the amount claimed. such stock having been they Coats and Suits contended at the order of the bank. Musical Ten. be held Ladies' Aid of women's sizes. Christian Church, Vanderbilt, the Children's Socks home of Miss Moore, Thursday evening. July 21st, from 10 Choice of fancy stripes lic Advertisementand plain colors. 88c 25c grade Patronize those who advertise