First National Bank & Trust Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 2558
Charter Number: 2558
Start Date: March 23, 1933
Location: Greensburg, Pennsylvania (40.301, -79.539)

Metadata

Model: gpt-5-mini
Short Digest: 8abc48c0

Response Measures

None

Description

Article (The Saltsburg Press, 1933-03-23) reports the First National Bank & Trust Company of Greensburg will reopen with a government conservator administering its affairs after Federal Reserve consideration. No run is mentioned; the action is a government conservatorship/reopening following a suspension/closing.

Events (4)

1. September 1, 1881 Chartered

Source: historical_nic

2. March 23, 1933 Reopening

Newspaper Excerpt: The First National Bank & Trust Company of Greensburg will reopen with a government conservator administering its affairs. This became known Saturday afternoon after the matter had been considered by Federal Reserve officials at Cleveland. Secretary of the Treasury Woodin has explained that the appointment of a conservator should be regarded as a step toward putting a bank in applepie order.
Source: newspapers

3. March 23, 1933 Suspension

Cause: Government Action
Cause Details: Bank had been closed/suspended and federal authorities (Federal Reserve and Treasury) arranged appointment of a government conservator to administer affairs prior to reopening.
Newspaper Excerpt: The First National Bank & Trust Company of Greensburg will reopen with a government conservator administering its affairs.
Source: newspapers

4. May 9, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 23, 1933 The Saltsburg Press Saltsburg, PA

Article from The Saltsburg Press, March 23, 1933

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Article Text

LAST WEEK'S EVENTS IN WESTMORELAND A farewell party was held in honor of Esther Martz at the home of Mr. and Mrs. John Franklin, Slickville. Mr. and Mrs. Clarence A. Matson, of Slickville, announce the birth of a son, Clarence Albert Matson, Jr., March 6, 1933. Miss Francis Steele, daughter of Mr. and Mrs. Clarence Steele, of New Alexandria was admitted to the Westmoreland hospital and underwent an operation recently. An unqualified demand for a tax reduction from 15 to 20 mills, made by a committee of large property owners and civic leaders, was before the Vandergrift School Board. Westmoreland county has been allocated $1,300 for the month of March by the State Emergency Relief Board at Harrisburg. This includes $970 for salaries and $330 for expenses. Loyalhanna Creek which empties into Conemaugh at Saltsburg, was reported the highest in five years, having raised 8 ft., doing much damage to properties in lower Latrobe and vicinity. Hundreds of publications on timely farm subjects, particularly the control of insects and diseases, are now being distributed from Mailing Room, Dept. of Agriculture, Harrisburg, and Westmoreland farmers should make application if interested. Representatives from Washington Township and Salina were the only interested persons present at a meeting in the Salina High School Wednesday evening of this the purpose of joining the W. P. A. L. Other teams in the "Little Five" basketball conference-Franklin Twp., Saltsburg and Avonmore-did not send representatives, says the Apollo The First National Bank & Trust Company of Greensburg will reopen with a government conservator administering its affairs. This became known Saturday afternoon after the matter had been considered by Federal Reserve officials at Cleveland. Secretary of the Treasury Woodin has explained that the appointment of a conservator should be regarded as a step toward putting a bank in "applepie order".