18606. Peoples National Bank (Delta, PA)

View Charter #5198 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5198
Charter Number
5198
Start Date
August 1, 1933*
Location
Delta, Pennsylvania (39.727, -76.327)

Metadata

Model
gpt-5-mini
Short Digest
c9b049ae

Response Measures

None

Receivership Details

Date receivership started
1933-08-08
Date receivership terminated
1934-06-22
Share of assets assessed as good
100.0%

Description

The People's National Bank of Delta was closed (suspended) and a receiver was appointed in August 1933. Articles describe the receivership (death of the receiver in Jan 1934 and appointment of a successor) and plans to organize a new national bank to make available a portion of deposits, but the original bank remained closed under receivership. No explicit description of a depositor run is given.

Events (8)
1. June 13, 1899 Chartered
Source
historical_nic
2. August 1, 1933* Receivership
Newspaper Excerpt
He appointed receiver of the bank August 1933. (John E. Boisseau named receiver.) appointed receiver of the People's National Bank, Delta, August (multiple articles).
Source
newspapers
3. August 1, 1933* Suspension
Cause Details
Closed during the national bank holiday period and subsequently placed in receivership; articles do not attribute suspension to a run or specific adverse bank scandal.
Newspaper Excerpt
The meeting followed closely the appointment of a receiver for the Bank. The receiver is John Boissau of Baltimore. ... The receivership came as surprise to many people in the community
Source
newspapers
4. August 8, 1933 Receivership
Source
historical_nic
5. January 26, 1934 Other
Newspaper Excerpt
BANK RECEIVER DIES ... John E. Boisseau, who was appointed receiver of the People's National Bank, Delta, August, died last night. Death was caused by angina pectoris.
Source
newspapers
6. February 1, 1934 Receivership
Newspaper Excerpt
Robert A. Glenn ... was notified Wednesday that he had been appointed receiver of the People's National bank Delta. Glenn succeeds John E. Boisseau of Baltimore, who died last Thursday. The bank has been closed since the national bank holiday.
Source
newspapers
7. June 22, 1934 Restored To Solvency
Source
historical_nic
8. December 12, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (8)
1. August 17, 1933 Delta Herald-Times Delta, PA
Article from Delta Herald-Times, August 17, 1933

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Article Text

Leading Citizens United Behind Plan for New Bank Subscription Drive To Start Once To Sell 5,000 Shares Of Share. Every citizen in the vicinity of Delta and Cardiff will be asked in the next few days to subscribe to the limit of their ability to shares in new bank. The leading citizens of the community are behind the plan for a new bank to man. Henry Whiteford, of Whiteford, is chairman of the committee in charge of the organization of the new bank. N. M. Scarborough, of Delta, is secretary, and Dr. Paul Wilhelm, Cardiff, is treasurer. Other members of the committee are: Dr. W. E. Arthur, Arthur Robinson, Clay Whiteford, Macomber and Frank C. Thomas. The committee will meet Friday right and after that meeting it is expected that the drive for subscriptions will get under way immediately. Several $1,000 subscriptions have already been pledged. The new bank will be a national bank operating under the Federal Reserve system. It will be capitalized at $50,000 with accapital structure of 5,000 shares of stock of $10 par value. The stock will be sold at $12.50 share which will permit surplus to meet the requirements of the comptroller of the currency. The plans to start the new bank got under way at public meeting last Friday night. Henry Whiteford acted as chairman. Judge McClean Stock of York attended and answered questions. Out of which grew the determination to build new bank. The meeting followed closely the appointment of a receiver for the Bank. The receiver is John Boissau of Baltimore. It understood that present employes of the bank will be continued until the bank is liquidated. The receivership came as surprise to many people in the community as it had been hoped that John R. Williams was going to succeed in getting the bank on its feet. The inen behind the movement to start the new bank are said to have good deal of encouragement from Washington. This being the case good deal of the bitterness that has been felt hereabouts against the national administration's handling of the bank situation here will be forgotten. This bitterness is due to the urging of the federal authorities to consolidate the First National and the People's nearly year ago. The belief is now becoming general that the administration can do more by helping with the new institution than in continuing the old. A plan whereby portion of the deposits in the closed People's National bank would be made available through the organization of the new bank is under consideration and. is said, an attempt will probably be made to put it into effect. Under this the new bank would purchase portion of the closed institution's acceptable assets by ing portion of the depository liability. This would instantly make available, upon the opening of the new bank, good percentage of the deposits in the closed institution, it said.

2. January 26, 1934 Harrisburg Telegraph Harrisburg, PA
Article from Harrisburg Telegraph, January 26, 1934

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Article Text

BANK RECEIVER DIES York, Jan. 26, (/P)-John E. Boisseau, who was appointed receiver of the People's National Bank, Delta, August died last night. Death was caused by angina pectoris. The deceased was formerly first vice-president the Baltimore Trust Company, Baltimore.

3. January 27, 1934 The Gazette and Daily York, PA
Article from The Gazette and Daily, January 27, 1934

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Article Text

Heart Attack Fatal To Boisseau, Appointed To Liquidate Delta Bank FUNERAL AT BALTIMORE Delta and Cardiff, Jan. attack after he retired last night. John Boisseati, People's National Bank Delta, died midnight the home and Mrs. Arthur Robinson, Cardiff. He aged years, days. about his duties bank yesterday About ago contracted seemed recovering. retired about and about hour he became failed to respond to medical former Trust and widely the he before they made temporary Cardiff. He appointed receiver of the bank August Surviving his widow, Mrs brother. Boisseau latter the the Pro versity Paul street, services held at Interment made Greenmount cemetery. Bal- Warren Smith Dies Warren which Wednesday her home Eastern Smith, Miss Polhein before marriage. resided Bay, near Cardiff. years old survived by husband and Mary made the the church. Surprise Party Held Mrs. Mabel Keese home Whiteford. honor follow present. Mr. Mrs. Lloyd, Wilbur Griffith and and William Miss Jasper Tarbert, Neeper and daughter, Mr. and Mrs. Kunkle Ethel Miller, Eva Elsie Cantler, Margaret Norris, Keese, Edward Jones, Kunkle James Shahan, Henry Sterling and Barnett and Mr. Howard Archer, and Hilda Kilburn, Sunday tertained Mr. and Mrs Martin Althouse Donald and Red Mrs and Elizabeth Vallie Kilburn. Tuesday motor Florida companied by Dr. Edward Proctor. of Baltimore. Mr. Mrs. Howard Proctor. Sr., her daughter, and James Jones, Parkersburg Virginia, took place in Belair, January Mr. Mrs. Robert Stubbs and family moved Thursday into house vacated Main street, Delta Mr. Mrs. William Stubbs, Balspending Delta spent night Mr and Galley in the Jones, Delta chapel, Sunday school, The Boy charge of the ginning Ray Zaner, scout York, will address the Rehoboth Welsh Rev. pastor, Sunday school, by the Christian Slate Presbyterian, Sunday Christian Be Sure Visit Gates Music Store complete Kent Radios, Magazines. Greeting Cards, Radio Tubes. We your Baer's 1934 Calendar. Gates Music Store, Red Lion.

4. January 27, 1934 The Gazette and Daily York, PA
Article from The Gazette and Daily, January 27, 1934

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Article Text

Heart Attack Fatal To Boisseau, Appointed To quidate Delta Bank FUNERAL AT BALTIMORE Delta and Cardiff, Jan. heart attack shortly after retired last John receiver the People's National Bank Delta, died midnight home Arthur Robinson, Cardiff. was aged his duties bank yesterday. About weeks contracted seemed be recovering. He retired about and became failed to respond medical treatment was former viceof Baltimore and was widely city and resided He appointed receiver the bank August 1933. his widow, Mrs. Edith brother. patrick Boisseau, Cincinnati, The latter at present will held body the versity St. Paul street, held Interment cemetery. Bal- Warren Smith Dies Word has the death of Warren Smith. which Wednesday at home Smith, Helen Polhein resided Mrs. late Cardiff. years old and by husband Mary Louise, home. The funeral today with services Zion near Interment made the cemetery adjoining the church. Surprise Party Held surprise Mrs. Keese at home in Whiteford. Saturday evening. honor her ing Mr. Mr. Wilbur Fred and Howard and Joseph William Miss Tarbert, Pearl Neeper Jasper daughter, Mr. and Elsworth Kunkle Agnes Eyler. Ethel Miller, neth, Norris, Elsie Margaret Edward Jones, Kunkle, James Shahan, Henry Sterling Keese. Mr. Mrs. Barnett and Mr. and Mrs. Howard Archer, WhiteKilburn and Hilda Kilburn, Sunday tertained Mr. and Mrs. Martin Mr. and Marvin Althouse and Donald and Paradise: Mrs. Elsworth Kunkle and Red Mrs Caleb children, Elizabeth Kilburn. Edward Cardiff, returnTuesday motor by Dr. Edward Proctor. of companied Baltimore. Mr. and Mrs. Howard Proctor, Sr., Announces Daughter's Marriage Mrs. Watkins, Cardiff, announces marriage her Ethel James Jones, Virginia, place in Belair, January Robert Stubbs and family the Gal Delta. Mr. BalDelta friends. They spent Thursday night and Galley. Services Announced Services Sunday vicinity follows: Slateville Presbyterian. Rev Jones, pastor, Delta chapel, Sunday school, Scouts charge of evening ginning Zaner, executive, York, Welsh Presbyterian. Rev. John pastor, by the Christian Ridge Sunday Christian 7:30 preaching, Be Sure Visit Gates Music Store Crosley. Atwater Kent Radios, Magazines. Greeting Radio Goods. have your Baer's 1934 Calendar. Gates Music Store, Red Lion. Adv.

5. February 1, 1934 Intelligencer Journal Lancaster, PA
Article from Intelligencer Journal, February 1, 1934

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Article Text

RED LION MAN NAMED DELTA BANK RECEIVER York (AP) Robert A. Glenn of Red Lion. former clerk of the courts of York county was notified Wednesday that he had been appointed receiver of the People's National bank Delta. Glenn succeeds John E. Boisseau of Baltimore, who died last Thursday. The bank has been closed since the national bank holiday.

6. February 1, 1934 Delta Herald-Times Delta, PA
Article from Delta Herald-Times, February 1, 1934

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Article Text

Appoint Receiver Bank Robert E. Glenn, Red Lion, former clerk of the courts of York county, has been appointed receiver of the People's National Bank by O'Connor, comptroller of the currency, to fill the position left vacant by the death of John E. Boisseau. Mr. Glenn is widely known in this vicinity, having spent his boyhood days in Delta, making his home with Dr. Kilgore. He received his early education in the public schools here. He has had much experience in legal affairs and in settling up estates through his business connections in selling real estate, insurance and bonding and through his term as clerk of courts of York county. He served in the latter capacity for four years from 1927 until January 1932. He also served his home town of Red Lion as a borough official, being president of town council at the time when more than $200,000 worth of street construction work was done. In his business pursuits of real tate, insurance and bonding, he maintains two offices, one at 2830 West Broadway, Red Lion, and the other at South George street, York. Glenn, in announcing his appointment, said that he will make every affort to administer the affairs of the closed bank to the best interests of all concerned in the institution. He promised courteous treatment and a square deal to everyone. It is hoped the bonds of receivership will soon be lifted from this closed institution by the orgarization of the new Delta bank. Letters outlining the new plan have been mailed to the depositors. These letters should bc signed and returned to the reorcommittee, H. C. Whiteganization ford, not later than February 6.

7. February 1, 1934 Delta Herald-Times Delta, PA
Article from Delta Herald-Times, February 1, 1934

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Article Text

Bank Receiver Expires Suddenly Of Heart Attack Suffering a heart attack shortly after he retired on Thursday night, John E Boisseau, receiver for the People's National Bank of Delta, expired suddenly at midnight at the home of Mr. and Mrs. Arthur Robinson, Cardiff. He was sixty-three years, four months and nineteen days of age. The deceased had been suffering with a severe cold for about two weeks but seemed to be improving. Mr. Boisseau was a native of Richmond, Va. He was former vicepresident of the National Union Bank of Baltimore, and later the Baltimore Trust Company, the two institutions having combined. Previous to his Baltimore appointments he had been connected with the New York Telephone Company. On August 1933 he was appointed receiver of the People's Bank of Delta. Surviving are his widow, Mrs. Edith Boisseau, and brother, Fitzpatrick Boisseau, Cincinnati, O. He was unable to attend the funeral due to illness. Funeral services were held at Pro Baltimore, on Saturday at o'clock. The Washington, D. C., officiated. The pallbearers were Henry Whiteford, Arthur Robinson, Williams, Dr. Paul Wilhelm, R. Williams and H. Evans. Interment was made in Greenmount cemetery, Baltimore. Funeral H. Harkins, had charge of funeral arrangements. Others attending from here in addition to the above mentioned pallbearers were Robert W. Jones, Willard Smith, Curtis Johnson, Milo Williams and LeRoy Williams. Mrs. Boisseau's brother. Mr. Brown, of New York, was also in attendance.

8. February 3, 1934 Harrisburg Telegraph Harrisburg, PA
Article from Harrisburg Telegraph, February 3, 1934

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Article Text

NAME BANK RECEIVER York, Feb. 3.-Robert E. Glenn, former of the and resident of Red Lion, has been appointed receiver of the closed People's National Bank Delta. Mr. Glenn succeeds John E. Boisseau, formerly of Baltimore, who died suddenly last week.