Lancaster Trust Company - Lancaster, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 19, 1937
Location: Lancaster, Pennsylvania (40.038, -76.306)

Metadata

Model: gpt-5-mini
Short Digest: 49b333a4

Response Measures

None

Description

Article (Mar 19, 1937) reports the distribution of the third payment to 18,000 depositors of the closed Lancaster Trust Company (8% of deposits). No run is described in the snippet; the bank is closed and making liquidation/receiver payments, so classified as suspension leading to permanent closure. Exact closing date not given in the excerpt.

Events (2)

1. March 19, 1937 Receivership

Newspaper Excerpt: The sum of $800,000 has just been distributed as the third payment to the 18,000 depositors of the closed Lancaster Trust Company, being 8 per cent of the deposits in the bank when it closed.
Source: newspapers

2. * Suspension

Cause Details: Article does not describe the cause of the bank's closure or suspension; only mentions payments to depositors of the closed bank.
Newspaper Excerpt: The sum of $800,000 has just been distributed as the third payment to the 18,000 depositors of the closed Lancaster Trust Company, being 8 per cent of the deposits in the bank when it closed.
Source: newspapers

Newspaper Articles (1)

1. March 19, 1937 The Midland Journal Rising Sun, MD

Article from The Midland Journal, March 19, 1937

Click image to open full size in new tab

Article Text

Short Paragraphs Calvert Homemapkers Club me on Wednesday with Mrs. J. B. Fassitt, near Sylmar. Herbert Janney is enjoying a new Plymouth coupe, purchased from Scott Wilson & Son. Harry McComsey, of Conowingo, has purchased the small farm of Floyd Reinhart, near Quarryville, Pa. While shaking a rug on the front porch of her home at Fair Hill, Mrs. Streeper Mackey fell from the porch, suffering a fractured leg. An Alumni meeting of Calvert High School will be held in the High School building on Friday evening, March 26, at 800 o'clock. The sum of $800,000 has just bee. distributed as the third payment to the 18,000 depositors of the close. Lancaster Trust Company, being 8 per cent of the deposits in the bank when it closed. Thomas F. Grier has sold for Robert Tenant, of Darlington, Harford county, his fine dairy farm of 126 acres, near Unicorn, Lancaster coun ty, Pa., to William D. Scotten, O₂ Nottingham, Pa. Miss Nellie Williams, daughter of Mr. and Mrs. Bradford Williams. Zion, who recently finished her three year training course in Chester Hospital, is nursing Clarence Gifford, who is ill with pneumonia. Mrs. Webster White, of near Ca! vert, suffered a fracture of the leg on Thursday last, by a fall at he: home. She was alone at the time and it was several hours before she was found lying on the floor. Ralph Smith, Jr., West Cheste; and Atwood Jones, Sylmar, left on Friday morning for South Carolina with a van loaded with running horses to enter the races there. They expect to be gone about three weeks. The Cecil County Chapter, American Red Cross will hold its annua' meeting at the M. E. Church House, Elkton, Tuesday afternoon, March 23rd at 2 o'clock, for the purpose of electing officers and hearing reports