Liberty National Bank - Dickson City, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 12459
Charter Number: 12459
Start Date: October 1, 1932*
Location: Dickson City, Pennsylvania (41.471, -75.608)

Metadata

Model: gpt-5-mini
Short Digest: 49383a7d

Response Measures

None

Receivership Details

Depositor recovery rate: 54.7%
Date receivership started: 1932-10-06
Date receivership terminated: 1940-03-06
Share of assets assessed as good: 27.6%
Share of assets assessed as doubtful: 61.0%
Share of assets assessed as worthless: 11.3%

Description

Articles refer to the Liberty National Bank of Dickson City as a closed institution (closed in October 1932), with a federal receiver (Paul R. Hoskinson) and indictments against the former cashier Andrew S. Hiznay for embezzlement. There is no explicit description of a depositor run in the provided clippings; the closure appears tied to bank-specific adverse information (embezzlement) and led to receivership and shareholder assessments. Dates: bank closed Oct 1932 (article text), receiver explicitly named by Dec 7, 1933. OCR errors in articles corrected (e.g., 'Hiznay' as former cashier, references to October 1932 closure).

Events (5)

1. November 10, 1923 Chartered

Source: historical_nic

2. October 1, 1932* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed in October 1932 amid allegations of embezzlement by former cashier Andrew S. Hiznay; indictments for multiple counts of embezzlement referenced in later articles.
Newspaper Excerpt: the closed Liberty National Bank of Dickson City
Source: newspapers

3. October 6, 1932 Receivership

Source: historical_nic

4. December 28, 1932 Other

Newspaper Excerpt: A one hundred per cent. on all stockholders of the closed Liberty National Bank of Dickson City has been ordered by F. G. Awalt, acting controller currency at Washington. The was ordered yesterday for the purpose of realizing $100,000 to pay off the bank's liabilities. (Dec. 28, 1932 article).
Source: newspapers

5. December 7, 1933 Receivership

Newspaper Excerpt: Paul R. Hoskinson, receiver for the Liberty National bank, Dickson City, was charged yesterday in federal court ... the closed financial house (Dec. 7, 1933 article).
Source: newspapers

Newspaper Articles (5)

1. December 26, 1932 The Tribune Scranton, PA

Article from The Tribune, December 26, 1932

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Article Text

Federal Grand Jurors Drawn For Lewisburg Hiznay Case Scheduled For Probers Next Month; Petit Talesmen Also Slated for Duty A federal grand jury will meet on Monday. Lewisburg sider the numerous cases which government prosecutors were unable to present the grand inquest conducted early this month in Harrisburg. While grand jury sessions Lewisburg not unusual. they are not scheduled regularly on the court calendar. request for an additional meeting Was asked the government and the court ordered the empaneling of grand and forty-five petit jurors for the January term of criminal Among the issues which the Lewis. burg against Hiznay former cashier the closed Liberty National bank, Dickson who charged with about bank's funds from July to October this Members of Jury Hiznay's attaches Andrew not ready for Harrisburg with ernment reporting that had their audit the accounts in for the grand local residents drawn for grand Atherton, architect, Forty Joseph Miss Kathieen Hand. street. Thimas McHale North Hudson avenue. Raymond MorRoache, clerk, Monsey avenue, this Titman and Jessie Williams housekeeper, 188 Washington street, Carbondale scheduled petit Wednesday July the Union county capital Wesspecial agent, 426 Dean street, this Harold publisher, Grandview street. this city; Peter Eush. Marguerite Cortland Charles Forty Fort: Kapmeyer, housekeeper, Wyoming avenue New York street, Richard Roberts, mechanic, Plymouth. Mrs. Grace Snyder, housewife. John Shivel. clerk. Hudson: postmaster 145 South Sherman street, WilkesMrs Anna Widmer, housewife. 336 North Lincoln avenue, this Howard Wiener. lumber Kingston and Stella H. Zola, secretary,

2. December 28, 1932 Wilkes-Barre Times Leader Wilkes-Barre, PA

Article from Wilkes-Barre Times Leader, December 28, 1932

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Article Text

of Bank Assessed A one hundred per cent. on all stockholders of the closed Liberty National Bank of Dickson City has been ordered by F. G. Awalt, acting controller currency at Washington. The was ordered yesterday for the purpose of realizing $100,000 to pay off the bank's liabilities. should balance remain after the creditors are satisfied it will be divided among the A total of 1,000 shares of capital stock was issued by this institution. This will be assessed at its per value of $100 and each shareholder must be ready to pay it over to the bank receiver, beginning on January 23.

3. March 23, 1933 Wilkes-Barre Times Leader, the Evening News Wilkes-Barre, PA

Article from Wilkes-Barre Times Leader, the Evening News, March 23, 1933

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Article Text

TWO BANKERS GET 6 MONTHS AT SCRANTON Hiznay Case Goes Over To May Term Of Court DALLAS MAN ACQUITTED Robert H. Smith. cashier of the First National Bank. of Windsor, Pa., and C. H. Byrd. assistant cash. ier of the same institution, were sentenced to serve six months each in York County prison yesterday afternoon upon pleading guilty to embezzlement before Judbe Albert L. Watson in United States criminal court at Scranton. The two men were alleged to have converted money belonging to the bank to their own uses. Smith's shortage, according to United States Attorney B. Dunsmore, amounted to $10 and Byrd's was $4,558. Mr. Dunsmore said the peculations caused a run on the bank. but that it weathered the storm. Hiznay Case In May On motion of Attorney Walter Hill, Sr., Judge Watson yesterday granted a continuance in the case of Andrew S. Hiznay, former cashof the closed Liberty National Bank of Dickson City, charged with embezzlement. The postponement continued the trial until the May term of Federal criminal court in Harrisburg. Attorney Hill argued that his client has not had sufficient time to prepare defense because of delay securing certain papers and records. Hiznay is charged with nineteen separate counts of embezzlement. James R. Wilson, president of the same bank, charged with aiding and abetting Hiznay in his peculations, asked the court to quash the indictment against him. His Attorney James J. Powell, contended that the indictment failed to set forth any facts which constitute an offense. also that there is no part of the penal code that makes it an offense to aid and abet in "having a check certified. Action on the motion was referred because the Wilson case was not scheduled for trial this term. Dallas Man Freed After an hour's deliberation, jury in Federal criminal court at Scranton returned a verdict of acyesterday afternoon in the case of John N. Eschenbach, Carlos P. Cole and Claude T. Isaacs, charged with having conspired to violate the national bankrupt act. Isaacs, president of the bankrupt Dallas Lumber Company, was alleged to have taken Machinery and material from his plant in Dallas to Eschenbach's lumber yard in Stroudsburg to avoid listing them among his assets when his busines failed. Cole was Eschenbach's sales manager The defene was built on the contention that the moved machines and lumber was assigned and transferred before the Dallas firm went into bankruptsy.

4. December 7, 1933 The Tribune Scranton, PA

Article from The Tribune, December 7, 1933

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Article Text

Fight to Oppose Stock Payments Of Bank Opens Receiver of Liberty National Charged With of Dickson City Shareholders Paul R. Hoskinson, receiver for the Liberty National bank, Dickson City, was charged yesterday in federal court with failure to allow proper credits to the assets of the closed financial house and with having stockholders the bank. The in affidavit defense filed by Morgan, Dickson City, stockholders of the bank been assessed for total under the 100 Both claim per sufficient. Sues for $100,000 recently federal suits against of the bank under the liability law for $100,000 The bank in October, 1932. separate statement of defense, Mrs. she to her credit the bank and the sessment. that the $30,000 cash bonds. The bonds, he placed as collateral security with the company secure deposits of the Dickson City district. affidavits are the first move the assessed against the enforcement of the Morgans are Attorneys Powell and M. Eagen.

5. February 24, 1934 The Tribune Scranton, PA

Article from The Tribune, February 24, 1934

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Article Text

Bank Receiver Gets Judgment Dickson City Stockholders Ordered to Pay U. S. Judge Albert L. Watson yesterday ordered the entry of judgment against George Morgan for $5 500 and Maud L. Morgan for $1,000 and favor of Paul Hoskinson federal receiver of the closed Liberty National bank. Dicksor City. The Morgans are Dickson City Assessed for the amount of their share holdings in the bank in federal court that the government was out authority to assess the shareholders until after all other means of paying the bank's liabilities were exAttorney James J. Powell represented the Morgans while Attorney Harry Needle was for the receiver.