Bosak State Bank - Scranton, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 12, 1934
Location: Scranton, Pennsylvania (41.409, -75.662)

Metadata

Model: gpt-5-mini
Short Digest: 4e38a6e0

Response Measures

None

Description

Article (June 12, 1934) states a receiver for the Bosak bank was authorized to sell property, indicating the bank had been placed in receivership and remained closed. The piece does not describe any depositor run; therefore classified as a suspension (government action) leading to closure/receivership.

Events (2)

1. June 12, 1934 Receivership

Newspaper Excerpt: The Bosak bank receiver was also allowed by court to sell property acquired at sheriff's sale to Edward F. Becker for $2,800.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank had been placed in receivership by court/government action; payments suspended leading to closure
Newspaper Excerpt: The Bosak bank receiver was also allowed by court to sell property acquired at sheriff's sale
Source: newspapers

Newspaper Articles (1)

1. June 12, 1934 The Tribune Scranton, PA

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Article Text

Loan Bonds Given Approval by Court (Continued from Page Three) Brady. Sigmund Nowicki, Walter Krasowski and Frank H. Smith. The notes originally covered loan of $16,000 made by the Hass-Brady company, this city. The Bosak bank receiver was also allowed by court to sell property acquired at sheriff's sale to Edward F. Becker for $2,800. The real estate is located at Amherst and Sloan streets, this city. A commission of $100 to John J. Collins, real estate agent, was approved.