19394. American Bank (Pittsburgh, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1887*
Location
Pittsburgh, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini
Short Digest
a7ae43dd

Response Measures

None

Description

Articles show the American Bank of Pittsburgh was in receivership with a receiver (Thos. H. Given) paying dividends to depositors in 1889 and court records related to the receiver from Jan–Feb 1889. No article describes a depositor run; the bank appears to have suspended/payments and been placed in receivership (closure). OCR corrected 'Pittsburg' to modern 'Pittsburgh' for city spelling; no change to bank name.

Events (3)
1. December 1, 1887* Suspension
Cause Details
Not stated in the articles; court record references December 1887 matter leading to receivership.
Newspaper Excerpt
Common Pleas No. 1, No. 793 December T., 1887. In the matter of the American Bank
Source
newspapers
2. January 12, 1889 Receivership
Newspaper Excerpt
January 12, 1889, account of receiver presented and on motion of attorney for receiver said account is confirmed and James F. Robb, Esq., is appointed Auditor to distribute the funds.
Source
newspapers
3. July 31, 1889 Other
Newspaper Excerpt
DIVIDENDS. Bank-The first dividend due depositors in the American Bank is now payable upon application ... THOS. H. GIVEN, Receiver.
Source
newspapers

Newspaper Articles (2)
1. February 15, 1889 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, February 15, 1889

Click image to open full size in new tab

Article Text

MARSHALLS & IMBRIE, 117 Diamond st. of Common Pleas No. 1, No. 793 December T., 1887. In the matter of the American Bank, William Floyd vs Lewis Peterson et. al. January 12, 1889, account of receiver presented and on motion of attorney for receiver said account 18 confirmed and James F. Robb, Esq., is appointed Auditor to distribute the funds. BY THE COURT. From the Record. JOHN BRADLEY, [Seal.] Prothonotary. Notice is hereby given that I will attend to the duties of the above appointment at my office, No. 100 Diamond street, Pittsburg, Pa., on WEDNESDAY, February 27. 1889. at 3 o'clock P. M., when and where you may attend if you see proper. fel 55-F JAMES F. ROBB, Auditor.

2. July 31, 1889 Pittsburg Dispatch Pittsburgh, PA
Article from Pittsburg Dispatch, July 31, 1889

Click image to open full size in new tab

Article Text

DIVIDENDS. Bank-The first dividend due deN CAN TO DEPOSITORS OF AMERIpositors in the American Bank is now payable unonlapplication at the office of Marshalls & Imbrie, No. 117 Diamond st., Pittsburg. THOS. H. GIVEN, Receiver. jy31-56 IVIDEND NO. 2-THE BOARD OF DIRECTORS of the Westinghouse Machine D Company have this day declared a dividend of THREE (3) PER CENTUM on the preferred and common capital stock of the company, payable on August 20, next, to stockholders of record this date. Transfer books will remain closed until the day succeeding that fixed for the payment of the dividend. Checks will be sent to stockholders through the mails. RALPH BAGALEY, Treasurer. PITTSBURG, PA., July 30. 1889. jy31-20