Royersford Trust Company - Royersford, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: April 9, 1934
Location: Royersford, Pennsylvania (40.184, -75.538)

Metadata

Model: gpt-5-mini
Short Digest: 06beec7f

Response Measures

None

Description

Article (April 9, 1934) reports the Royersford Trust Company as a defunct institution with a receiver filing a partial accounting and listing liabilities — indicating the bank was closed and in receivership. No run or depositor panic is described in the provided text.

Events (2)

1. April 9, 1934 Receivership

Newspaper Excerpt: the receiver of the trust comThe account was filed ... deputy attorney general charge of affairs defunct finaninstitution, filed papers. The presents tion the 150 page report ... loan from the Reconstruction Finance Corporation ... depositors have received dividend ... another dividend expected (excerpt).
Source: newspapers

2. April 9, 1934 Suspension

Cause: Government Action
Cause Details: Receiver of the trust company filed a partial accounting for the defunct institution; bank under receivership by authorities.
Newspaper Excerpt: The Royersford Trust Company ... defunct finaninstitution, filed papers ... receiver of the trust comThe account was filed ...
Source: newspapers

Newspaper Articles (1)

1. April 9, 1934 The Reporter Lansdale, PA

Article from The Reporter, April 9, 1934

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Article Text

BANK RECEIVER FILES PARTIAL ACCOUNTING Sets Royersford Trust Company Liabilities At $874,479 ASSETS The Royersford Trust Company has total assets of $248,pay total according to the receiver of the trust comThe account was filed in Norrisoffice prothononoon, Saturday tary Attorney Joseph Knox deputy attorney general charge of affairs defunct finaninstitution, filed papers. The presents tion the 150 page report the is loan from the Reconstruction Finance CorporaThe depositors have received dividend of should per approval of loan given by court RFC officials, pected another dividend The liabilities as listed by Mr. Brinton represent for greater claims due There due saving fund depositors checking deposits total There are other repand other special Virtually the entire list of securities and assets the trust would be company Bank (Continued on page six)