Lehigh National Bank - Philadelphia, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 13341
Charter Number: 13341
Start Date: November 7, 1933
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: 5fe8162e

Response Measures

None

Receivership Details

Depositor recovery rate: 43.0%
Date receivership started: 1933-11-03
Date receivership terminated: 1939-09-26
Share of assets assessed as good: 43.3%
Share of assets assessed as doubtful: 37.6%
Share of assets assessed as worthless: 19.1%

Description

Article (Nov 7, 1933) states the bank did not reopen, was placed in liquidation by order of the Comptroller of the Currency, and a receiver (Marshall Brisette) was appointed. OCR errors in the clipping corrected (e.g., fragmented sentences). No mention of a depositor run — action was government-ordered liquidation/receivership.

Events (4)

1. June 18, 1929 Chartered

Source: historical_nic

2. November 3, 1933 Receivership

Source: historical_nic

3. November 7, 1933 Receivership

Newspaper Excerpt: Marshall Brisette has been appoint[ed] receiver, according to Harry Wagner, president of the bank.
Source: newspapers

4. November 7, 1933 Suspension

Cause: Government Action
Cause Details: Placed in liquidation by order of the Comptroller of the Currency; bank did not reopen after being on a restricted basis.
Newspaper Excerpt: This bank has placed in liquidation by order Comptroller of Currency.
Source: newspapers

Newspaper Articles (1)

1. November 7, 1933 The Philadelphia Inquirer Philadelphia, PA

Article from The Philadelphia Inquirer, November 7, 1933

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Article Text

NAME BANK RECEIVER The Lehigh National Bank, 23d Lehigh did not reopen terday The institution has been on restricted basis for On the of the institution this notice was "This bank has placed in liquidation by order Comptroller of Currency. Marshall Brisette has been appointreceiver. according to Harry Wagner, president of the bank.