19575. Conewango Trust Company (Warren, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
August 27, 1932
Location
Warren, Pennsylvania (41.844, -79.145)

Metadata

Model
gpt-5-mini
Short Digest
8f5d6fce

Response Measures

None

Description

Newspaper items (Aug 27, 1932) list Conewango Trust Company, Warren among 'closed banks' receiving partial payments to depositors. No article describes a depositor run; the bank is closed and in receivership with distributions being made. Classified as suspension leading to permanent closure/receivership.

Events (1)
1. August 27, 1932 Receivership
Newspaper Excerpt
Conewango Trust Company, Warren, payment ten per cent, amounting $35,357, to 2,100 accounts (listed among closed banks receiving partial payments).
Source
newspapers

Newspaper Articles (2)
1. August 27, 1932 Republican and Herald Pottsville, PA
Article from Republican and Herald, August 27, 1932

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Article Text

CLOSED BANKS MAKE PARTIAL PAYMENT Distribution Will Be Made DurComing Week. Philadelphia. Aug. More than depositors in fifteen closed banks will receive part their deposits within the coming Dr. WilGordon. State Secretary announced today. The banks Conewago Trust Co., Warren, 10 per First Bank and Trust Co., WashingDeposit Bank. of McKeesport. per cent. $113,227. Bank and Trust Pittsburgh. per cent. $198,000. Trust Co., Washington, Pennsylvania Liberty Bank and Trust Co., cent., Bank. 10 per Trust Co., $44,761. People's Trust Company. Frackville, Darby Bank and Trust Company. $56,000. Glenside Bank and Trust Co., 10 per The remaining four institutions were

2. August 27, 1932 Pittsburgh Post-Gazette Pittsburgh, PA
Article from Pittsburgh Post-Gazette, August 27, 1932

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Article Text

BANKS PAY DIVIDENDS State Banking Gives List Of 15, Including One Here And in McKeesport. William Gordon, state secretary of banking, today ments to be made to depositors closed banks. The payments will include: Conewango Trust Company, Warren, payment cent, amounting $35,357, to 2,100 acAugust First Bank and Trust Company, Washington, payment of per August amounting to $624.to 15,000 depositors. Pennsylvania Deposit Bank, McKeesport, first payment per August amounting to $113,depositors. Bank and Trust Pittsburgh, first payment of 31, amounting to $198,342. to 10,000 Washington Trust Washington, payment of August amounting to $454,651, to 20,000