First National Bank - Wilkinsburg, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4728
Charter Number: 4728
Start Date: March 6, 1933
Location: Wilkinsburg, Pennsylvania (40.442, -79.882)

Metadata

Model: gpt-5-mini
Short Digest: 7d494b1d

Response Measures

None

Receivership Details

Depositor recovery rate: 98.8%
Date receivership started: 1933-12-05
Date receivership terminated: 1941-04-30
Share of assets assessed as good: 55.9%
Share of assets assessed as doubtful: 39.4%
Share of assets assessed as worthless: 4.7%

Description

Bank closed by Presidential order on March 6, 1933. Federal Reserve appointed a conservator later in March 1933. By 1934 a receiver (Harry T. Aufderheide) was acting for the bank and suing a depositor, indicating the bank remained closed and in receivership. No run is described in the articles.

Events (5)

1. April 19, 1892 Chartered

Source: historical_nic

2. March 6, 1933 Receivership

Newspaper Excerpt: Harry T. Aufderheide, receiver of the First National Bank of Wilkinsburg. ... the bank was closed on March 6, 1933, by Presidential order that the company was permitted to withdraw its deposits ... Interest is asked from March 16, 1933.
Source: newspapers

3. March 6, 1933 Suspension

Cause: Government Action
Cause Details: Closed by Presidential order (bank holiday/holiday closing during banking crisis)
Newspaper Excerpt: the bank was closed on March 6, 1933, by Presidential order
Source: newspapers

4. March 26, 1933 Other

Newspaper Excerpt: The Pittsburgh Branch of the Federal Reserve Bank of Cleveland has announced the appointment of ... the First National Bank of Wilkinsburg, Martin L. Moore (conservator).
Source: newspapers

5. December 5, 1933 Receivership

Source: historical_nic

Newspaper Articles (2)

1. March 26, 1933 Pittsburgh Sun-Telegraph Pittsburgh, PA

Article from Pittsburgh Sun-Telegraph, March 26, 1933

Click image to open full size in new tab

Article Text

NAME CONSERVATORS The Pittsburgh Branch of the Federal Reserve Bank of Cleveland has announced the appointment of four more conservators for banks in Western Pennsylvania. They are the First National Bank of Crafton, J. W. Griffin; the First National Bank of Wilkinsburg, Martin L. Moore: the First National Bank of Edinboro, E. P. Campbell and the First National Bank of Plumville, Frank Douglass. Word is awaited here from Washington regarding the duties of the conservators and how much may be paid out of the banks over which they have been appointed. Reorganizations are expected in some of the institutions.

2. September 22, 1934 Pittsburgh Post-Gazette Pittsburgh, PA

Article from Pittsburgh Post-Gazette, September 22, 1934

Click image to open full size in new tab

Article Text

BANK'S RECEIVER Owner, Owner. SUES DEPOSITOR Seeks Return of Alleged Illegal Withdrawals. The Mine Safety Appliance Company, 201 North Braddock avenue yesterday was sued for $6,258.54 in the United States district court by Harry T. Aufderheide, receiver of the First National Bank of Wilkinsburg. Interest is asked from March 16, 1933. The statement of claims sets forth that the company had $12,517.08 on deposit when the bank was closed on March 6, 1933, by Presidential order that the company was permitted to withdraw its deposits by checking for $3,505.05 March and $9.012.03 on March The receiver, in his statement, that the an illegal preference the rights of deposialso declared that the defendant company legally bound to return money on demand of the comptroller the currency his agent. The declaration made that the demand for the return of the withdrawals, less the amount of dividends depositors 50 per cent, has not been complied with.