First National Bank - Timblin, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 11204
Charter Number: 11204
Start Date: March 1, 1933*
Location: Timblin, Pennsylvania (40.966, -79.198)

Metadata

Model: gpt-5-mini
Short Digest: da7c22ca

Response Measures

None

Description

The First National Bank of Timblin had been in the hands of a conservator since the March 1933 bank holiday (suspension). In August 1934 its assets were sold and absorbed by another institution (outright sale), indicating permanent closure. No explicit run is described in the text. OCR errors in the article were corrected (e.g., 'Punxs'y' likely Punxsutawney; 'Farmers and Miners Trust Company' referenced as purchaser/receiver).

Events (4)

1. July 12, 1918 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Placed in conservatorship during the March 1933 bank holiday (state/federal banking holiday actions).
Newspaper Excerpt: been in the hands of conservator since the bank holiday March 1933
Source: newspapers

3. August 2, 1934 Receivership

Newspaper Excerpt: Restricted Institution Is Purchased at Outright Sale ... assets of the First National Bank Timblin ... been in the hands of conservator ... assets ... purchased at outright sale by ... Farmers and Miners Trust Company ... available to the 1275 depositors ... 100 per cent of both the deposits made prior to the bank holiday and those made since the conservator . Deposits ... avail for continued ... outright purchase and given approval federal comptroller currency and the Pennbanking . The assets Timblin bank Farmers and Trust Company first instance in this
Source: newspapers

4. September 18, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. August 2, 1934 Brookville Republican Brookville, PA

Article from Brookville Republican, August 2, 1934

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Article Text

Timblin Bank's Assets Absorbed Restricted Institution Is Purchased at Outright Sale By Punxs'y Bank Pay Deposits Merger of Institutions Involved. Tuesday the assets of the First National Bank Timblin, approximatproperty of the Farmers and Miners Trust Company of Yesterday there availabel to the 1275 depositors of the Timblin bank, which been in the hands of conservator since the bank holiday March 1933, 100 per cent of both the deposits made prior to the bank holiday and those made since the conservator. Deposits naming availfor continued with each deposit insured to of The of unusual nificance and marks the successful that have been progress weeks. No merger been effected. outright purchase and given approval federal comptroller currency and the Pennbanking. The assets Timblin bank Farmers and Trust Company first instance in this Page Four)