Ickesburg State Bank - Ickesburg, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 20, 1934
Location: Ickesburg, Pennsylvania (40.456, -77.352)

Metadata

Model: gpt-5-mini
Short Digest: 56a2e03b

Response Measures

None

Description

Article (Jan 20, 1934) describes the Ickesburg State Bank as one of the 'closed banks' in the district and reports an RFC loan approved to permit payment to depositors; indicates the bank is closed and in liquidation/receivership rather than an ongoing run. Classified as a suspension leading to closure/receivership.

Events (2)

1. January 20, 1934 Receivership

Newspaper Excerpt: Notice of the approved loans has been received here by George R. Bailey, chairman of the Deposit Liquidation Committee ... loan applications made by the bank receiver deputies.
Source: newspapers

2. January 20, 1934 Suspension

Cause: Government Action
Cause Details: Bank was closed and in liquidation/receivership; RFC loan approved to permit payment of depositors.
Newspaper Excerpt: Depositors of two more of the closed banks this territory are assured of getting another payment ... the Ickesburg State Bank, in Perry County.
Source: newspapers

Newspaper Articles (1)

1. January 20, 1934 The Evening News Harrisburg, PA

Article from The Evening News, January 20, 1934

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Article Text

Bank Loans Will Permit Payment of Depositors Depositors of two more of the closed banks this territory are assured of getting another payment on their accounts in the near future, for the Reconstruction Finance Corporation in Washington has just approved loans on colInteral to the Trust Company, this city. and the Ickesburg State Bank, in Perry County. Notice of the approved loans has been received here by George R. Bailey. chairman of the Deposit Liquidation Committee for this district, which passed first on the loan applications made by the bank receiver deputies. The amount of the loans and the percentage to be distributed positors will not be until the banks' collateral is checked against the loan Depositors of the Ickesburg bank already have 90 per cent. of their accounts, and the Commercial depositors, 15 per cent.