Iron City Trust Company - Pittsburg, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: February 20, 1908
Location: Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model: gpt-5-mini
Short Digest: 1de8c3cf

Response Measures

None

Description

Article reports the Iron City Trust Company closed its doors on February 20, 1908 and receivers were appointed; assets were later sold in 1910. No run is mentioned. The city spelling in source ('Pittsburg') has been corrected to the standard 'Pittsburgh, PA'.

Events (3)

1. February 20, 1908 Receivership

Newspaper Excerpt: at which time William L. Abbott and H. S. A. Stewart were appointed receivers under a proceeding filed in the United States Circuit Court. Shortly after the appointment of these receivers the State Banking Department filed proceedings in the State Court, under which J. Denniston Lyon was appointed receiver.
Source: newspapers

2. February 20, 1908 Suspension

Cause: Government Action
Cause Details: Bank closed and receivers were appointed under proceedings in U.S. Circuit Court and later State Court actions.
Newspaper Excerpt: The Iron City Trust Company closed its doors on February 20, 1908, at which time William L. Abbott and H. S. A. Stewart were appointed receivers under a proceeding filed in the United States Circuit Court.
Source: newspapers

3. June 14, 1910 Other

Newspaper Excerpt: The Assets Realization Company has acquired from J. Denniston Lyon, receiver, all of the assets of the Iron City Trust Company, of Pittsburg, the purchase price being $325,000.
Source: newspapers

Newspaper Articles (1)

1. June 14, 1910 New-York Tribune New York, NY

Article from New-York Tribune, June 14, 1910

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Article Text

IRON CITY TRUST CO.'S ASSETS. The Assets Realization Company has acquired from J. Denniston Lyon. receiver. all of the assets of the Iron City Trust Company, of Pittsburg, the purchase price being $325,000. The purchased assets are those remaining after a partial liquidation by the receiver, and are made up largely of mortgages and bills receivable. The Iron City Trust Company closed its doors on February 20, 1908, at which time William L. Abbott and H. S. A. Stewart were appointed receivers under a proceeding filed in the United States Circuit Court Shortly after the appointment of these receivers the State Banking Department filed proceedings in the State Court, under which J. Denniston Lyon was appointed receiver.