Article Text
To Sell Bank Fixtures. Jan bank and National Bank Masontown of bank receiver. The proceeds accumulating payment bank dividend to depositors In the future.
18831. Masontown National Bank (Masontown, PA)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 6528
- Charter Number
- 6528
- Start Date
- January 7, 1933
- Location
- Masontown, Pennsylvania (39.847, -79.900)
Metadata
- Model
- gpt-5-mini
- Short Digest
2850be96
Response Measures
None
Receivership Details
- Depositor recovery rate
- 50.0%
- Date receivership started
- 1932-10-24
- Date receivership terminated
- 1937-09-25
Description
Short article (1933-01-07) states there is a bank receiver and fixtures are to be sold; implies the bank was placed in receivership and will distribute dividends to depositors. No mention of a depositor run in the text, so classified as suspension leading to closure/receivership.
Events (6)
1.
December 13, 1902
Chartered
- Source
- historical_nic
2.
January 22, 1931
Voluntary Liquidation
- Source
- historical_nic
3.
October 24, 1932
Receivership
- Source
- historical_nic
4.
January 7, 1933
Other
- Newspaper Excerpt
- To Sell Bank Fixtures. ... The proceeds accumulating payment bank dividend to depositors In the future.
- Source
- newspapers
5.
January 7, 1933
Receivership
- Newspaper Excerpt
- To Sell Bank Fixtures. ... National Bank Masontown of bank receiver. The proceeds accumulating payment bank dividend to depositors In the future.
- Source
- newspapers
6.
January 7, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Bank placed in receivership (regulatory/government action) leading to suspension of payments.
- Newspaper Excerpt
- Jan bank and National Bank Masontown of bank receiver.
- Source
- newspapers
Newspaper Articles (1)
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