Tri County Banking Company

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 13, 1912
Location: Pottstown, Pennsylvania (40.245, -75.650)

Metadata

Model: gpt-5-mini
Short Digest: 90d9e5a2

Response Measures

None

Description

Newspaper reports the bank 'closed temporarily' by management after the death of president Jonas F. Wagner. Closure described as voluntary and temporary; no run mentioned and no evidence of permanent failure in the article.

Events (1)

1. June 13, 1912 Suspension

Cause: Voluntary Liquidation
Cause Details: Management-ordered temporary closing after death of president; intended to realize on securities and arrange a satisfactory outcome.
Newspaper Excerpt: This bank is closed temporarily.
Source: newspapers

Newspaper Articles (1)

1. June 19, 1912 The Citizen Honesdale, PA

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Article Text

BANK CLOSES VOLUNTARILY. Tricounty Banking Company ^nnounce Temporary Suspension. Pottstown, Pa., June 13.-The Tricounty Banking company, a state institution, closed its doors, and the following notice was posted: "This bank is closed temporarily." About three weeks ago Jonas F. Wagner, the then president, died, and A. G. Shettler, a carpet manufacturer, has been acting president since. Mr. Shettler made the following statement regarding the closing of the concern: "The closing is entirely voluntary on the part of the management and was taken after a special meeting. The step was thought best in the interest of all concerned. It is hoped to realize on securities, and in that event there should be a satisfactory outcome. No statement of detail can be given at this time."