First National Bank - Dunbar, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7576
Charter Number: 7576
Start Date: October 14, 1927
Location: Dunbar, Pennsylvania (39.978, -79.614)

Metadata

Model: gpt-5-mini
Short Digest: 4762ccd4

Response Measures

None

Receivership Details

Depositor recovery rate: 85.5%
Date receivership started: 1927-03-07
Date receivership terminated: 1937-03-31
OCC cause of failure: Governance
Share of assets assessed as good: 58.3%
Share of assets assessed as doubtful: 35.6%
Share of assets assessed as worthless: 6.1%

Description

Article (The Evening Standard, 1927-10-14) reports a receiver (Henry E. Hackney) for the First National Bank of Dunbar and that the receiver is suing the former president. This indicates the bank was in receivership (closed) rather than a run; no run or reopening is mentioned.

Events (4)

1. January 24, 1905 Chartered

Source: historical_nic

2. March 7, 1927 Receivership

Source: historical_nic

3. October 14, 1927 Receivership

Newspaper Excerpt: Suit ... was brought today ... by Henry E. Hackney, receiver of the First Natlonal Bank of Dunbar.
Source: newspapers

4. October 14, 1927 Suspension

Cause: Government Action
Cause Details: Bank was placed in receivership (receiver Henry E. Hackney) and is being administered by the receiver.
Newspaper Excerpt: Henry E. Hackney, receiver of the First Natlonal Bank of Dunbar.
Source: newspapers

Newspaper Articles (1)

1. October 14, 1927 The Evening Standard Uniontown, PA

Article from The Evening Standard, October 14, 1927

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Article Text

BANK RECEIVER SUES FORMER PRESIDENT Suit for approximately $25,000 was brought today against T. Blair Palmer of this city by Henry E. Hackney, receiver of the First Natlonal Bank of Dunbar. Suits are for a number of notes made by the Lafayette Lumber company and other concerns in which Mr. Palmer was the responsible head. Largest item is one note of $22,000. the others being interest amounts due on smaller borrowings. Fifteen days time is given for the filing of a de- cerning the death of Andy Justwin. the mystery man. who died early yesterday morning in the Brownsville hospital from injuries received the night before. Justwin was a resident of Denbo where he is employed as a miner for the Reliance Coal & Furnace company. According to information received from the coal and iron police at Vesta No. 6 the man was found lying on the highway under the cement railroad trestle at Vesta No. 6 about 7:30 o'clock Wedneaday evening by IL driver of the Wayneshurg bus. The man reported his discovery to Sergeant M: M. Olear and Corporal Juhn Rolse of the cual and iron police at the works nearby. Sergeant Olear stated they found the man in an unconscious condition and with a deep gash on the back of the head. He said he believed that Justwin was crossing the trestle on his way from Denbo to Vesta and hearing the approach of a train due about that time had stepped to the side of the structure and rell to the