18807. Littlestown Savings Institution (Littlestown, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
September 21, 1931
Location
Littlestown, Pennsylvania (39.745, -77.088)

Metadata

Model
gpt-5-mini
Short Digest
a402e3d0

Response Measures

None

Description

The bank was suspended in September 1931 and taken over by the State Banking Department (state receivers appointed in Nov 1931). Subsequent articles describe distributions to depositors and payments under receivership; there is no indication the bank reopened, so this is a suspension followed by permanent closure/receivership.

Events (4)
1. September 21, 1931 Suspension
Cause
Government Action
Cause Details
Bank was taken over by the State Banking Department and suspended in September 1931.
Newspaper Excerpt
The Littlestown Savings Institution was taken over by State Banking Department on September 21, 1931.
Source
newspapers
2. November 19, 1931 Receivership
Newspaper Excerpt
Receivers have been appointed the state department banking ... the Littlestown Institution ... liquidators appointed were: ... Charles Gebbard, anon, for the institution. The affairs the bank the hands Special Deputy Walter Brandt until appointment ... Showalter made known.
Source
newspapers
3. December 22, 1931 Other
Newspaper Excerpt
Thousands of dollars that had been frozen the closed Savings institution since the bank was suspended in September entered circulation again Littlestown today as throngs of depositors called for checks representing 20 per cent of the funds they had in the closed bank today.
Source
newspapers
4. July 28, 1932 Other
Newspaper Excerpt
The Littlestown Savings Institution was taken over by State Banking Department on September 21, 1931. Since that time 30 per cent been paid to depositors. The first payment ... December 1931. The second payment 10 per cent ... April ... The third payment ... August 11 ... checks to the amount will be given out, was announced ... Charles Gebhard, special deputy, secretary of banking, agent.
Source
newspapers

Newspaper Articles (5)
1. November 19, 1931 The Gazette and Daily York, PA
Article from The Gazette and Daily, November 19, 1931

Click image to open full size in new tab

Article Text

STATE APPOINTS BANK RECEIVERS Receivers have been appointed the state department banking, William Gordon, for Farmers and bank Dillsburg: the Shrewsbury Savings the Littlestown Institution, all of which recently closed the state. liquidators appointed were: Showalter, for Dillaburg Farmers Merchants' bank: Joseph Kettering, of adelphia, the Shrewsbury Charles Gebbard, anon, for the institution. The affairs the bank the hands Special Deputy Walter Brandt until appointment Mr. Showalter made known.

2. December 22, 1931 The Gettysburg Times Gettysburg, PA
Article from The Gettysburg Times, December 22, 1931

Click image to open full size in new tab

Article Text

GIVEN TO DEPOSITORS Get Share In Bank tribution During Morning Of First Thousands of dollars that had been "frozen" the closec Savings institution since the bank was suspended in September entered circulation again Littlestown today as throngs of depositors called for checks representing 20 per of the funds they had in the closed bank today. staff of eight clerks waited on the depositors almost as fast as they entered the bank. More than 800 checks had been distributed by one o'clock while at the Littlestown National bank across the street guard of state police hand protect the thousands of dollars in cash ready to cash the checks of the depositors of the closed If all the money coming to the 2550 depositors is withdrawn during the next two days. more than 000 will have passed into the hands of the community again. The tribution will continue until tonight with additional times on Wednesday and Thursday when the checks can be obtained. The checks. all on Philadelphia bank, given to the depositor soon as he identifies himself and signs release for the state. The checks are not cashed at the closed bank. merchants in Littlestown and nearby communities having prepared to meet the demand for money. Most of the checks are cashed, while some are redepositing their funds in other banks.

3. December 23, 1931 The Gazette and Daily York, PA
Article from The Gazette and Daily, December 23, 1931

Click image to open full size in new tab

Article Text

Placed At Disposal Depositors Of Closed Institution 20 PER CENT. OF FUNDS Gettysburg. Dec. dollars had been the closed Littlestown Savings since the bank September entered circulation again Littlestown today throngs depositors called for checks representing cent the funds they had closed bank today. staff eight waited the depositors almost fast tered bank. More checks had been distributed o'clock today. while Littlestown Na. tional bank the street guard of state police was tect the dollars in cash ready to cash the checks of the positors the closed bank. the coming the 2550 withdrawn during the next two days, more than 000 have passed into the hands the community again. The bution continued o'clock with additional times and Thursday when the checks can The all bank, are given the depositor soon and signs release for the state. The checks not cashed at closed merchants Littlestown nearby communities having prepared meet the demand money. Most the checks being cashed, while redepositing their funds other banks Suffers Severe Jolt Mrs. John wife of the seminary (Continued Second Page)

4. December 24, 1931 New Oxford Item New Oxford, PA
Article from New Oxford Item, December 24, 1931

Click image to open full size in new tab

Article Text

Depositors dollars that had posite been "frozen" in the closed LittlesSavings institution since the FOR bank was suspended September circulation again in LittlesTuesday as throngs of depositcalled for checks representing of the funds they had per USED closed bank. coaches: staff of eight clerks waited ett the depositors almost fast they entered the bank. At the LittlesNational bank across the 4-9-tf of state police was to protect the thousands cash ready to cash the FOR dollars of the Hanover checks on Philadelphia the depositor identified himself and release for the state. The signed not cashed the closed merchants in Littlestown and nearby communities having premeet the demand for pared Most of the checks were money. being while some were THE positing their funds in other banks. No 2,550 depositors ceived terms. to sell Someone acquainted This furniture with all makes of cars portunity should be interesting now in the garage not handling opportunity make some money Apply George York

5. July 28, 1932 The Evening Sun Hanover, PA
Article from The Evening Sun, July 28, 1932

Click image to open full size in new tab

Article Text

WILL Depositors In Littlestown SavInstitution To Receive On August Is Third Payment payment of per cent to the depositors of the Littlestown Savings Institution be made Thursday, August 11, when checks to the amount will be given out, was announced this afternoon by Charles Gebhard, special deputy, secretary of banking, agent. The checks amounting to more are to be mailed to positors. Those of 99 cents less must be called for. Checks will to depositors. The Littlestown Savings Institution was taken over by State Banking Department on September 21, 1931. Since that time 30 per been paid to depositors. The first payment of per cent made December 1931. The second payment 10 per cent $105,340 was made on April last. In addition being in charge at the Littlestown bank, Mr. Gebhard also has charge of the Farmers' Bank, Dillsburg, and the Ickesburg State Bank, Ickesburg, Four Motorists Pay Fines Burgess John Little, presiding his first session of police court number weeks during which time unable present on account illness, last evening posed fines on several motorists who had been charged with tion the parking ordinance. Those who were fined included Grant H. King, York for parking beyond the legal from the York street; Roy Shanefelter, Centennial $2 for parking in restricted Marvin Kress, 418 North Franklin street, for parking restricted William Anthony, High street, $2 for parking stricted area.