State Bank - Renovo, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1932*
Location: Renovo, Pennsylvania (41.326, -77.751)

Metadata

Model: gpt-5-mini
Short Digest: 5701590a

Response Measures

None

Description

Article (Oct 20, 1932) states the State Bank at Renovo closed its doors on February last. No run is mentioned. The commissioner is paying depositors dividends (first 10% in August, second 10% announced Oct 1932), indicating the bank remained closed and in receivership. I infer February last refers to February 1932 given the 1932 publication date; the August payment likely was August 1932. Cause of suspension/closure is not stated in the article, so coded as 'other'.

Events (2)

1. February 1, 1932* Suspension

Cause Details: Article states the bank closed its doors in February; no reason given.
Newspaper Excerpt: the bank closed its doors on February last.
Source: newspapers

2. October 20, 1932 Receivership

Newspaper Excerpt: William Gordon, state banking commissioner, has announced that depositors of the State bank at Renovo would be paid as the second ten per cent on the bank's ... The first installment of ten per cent was paid on August ... bank closed its doors on February last.
Source: newspapers

Newspaper Articles (1)

1. October 20, 1932 The Potter Enterprise Coudersport, PA

Article from The Potter Enterprise, October 20, 1932

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Article Text

BANK MAKES PAYMENT William Gordon, state banking commissioner, has announced that positors of the State bank at Renovo would be paid as the second ten per cent on the bank's to them. The first installment of ten per cent was paid on August bank closed its doors on February last. 1933 REGISTRATION PLATES It announced the automobile license forms will be put in the mail at Harrisburg, November The plates for 1933 will have an ultramarine blue background with gold letters as in 1931 The only difference the position of the word "PENNA" and the year. They were below the numerals in 1931. Next year they will be above them.