First National Bank - Frederica, DE

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5421
Charter Number: 5421
Start Date: December 9, 1960
Location: Frederica, Delaware (39.009, -75.466)

Metadata

Model: gpt-5-mini
Short Digest: bc467bc3

Response Measures

None

Description

Article states the First National Bank of Frederica voluntarily liquidated and was absorbed by the Delaware Trust Co.; no run or prior suspension is mentioned. Treasury Department announced the change and a liquidating agent was named.

Events (4)

1. June 13, 1900 Chartered

Source: historical_nic

2. November 30, 1920 Voluntary Liquidation

Source: historical_nic

3. December 9, 1960 Receivership

Newspaper Excerpt: Harry R. Dobler is the liquidating agent.
Source: newspapers

4. December 9, 1960 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily liquidated and was absorbed by Delaware Trust Co.; Treasury Department announced change.
Newspaper Excerpt: The First National Bank of Frederica, with $25,000 capital, has voluntarily, liquidated, having been absorbed by the Delaware Trust Co. of Wilmington. (The Treasury Department announced this change on Monday. Harry R. Dobler is the liquidating agent.
Source: newspapers

Newspaper Articles (1)

1. December 9, 1960 Milford Chronicle Milford, DE

Article from Milford Chronicle, December 9, 1960

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Article Text

valuable property. The manner in which the members of Milford's company handled themselves at the fire, together with the real streams of water that they were able to pump with their truck was the wonder of the citizens of Lewes. They dropped a suction hose into the canal and put tons of water upon surrounding property and flooded out the fires. The First National Bank of Frederica, with $25,000 capital, has voluntarily, liquidated, having been absorbed by the Delaware Trust Co. of Wilmington. (The Treasury Department announced this change on Monday. Harry R. Dobler is the liquidating agent. James K. Sapp's gasoline vessel, the Elizabeth W., is now busy running grain from Barkers' Landing to Philadelphia and other points. The oyster shucking house at Bowers Beach is working full time and sending away a load of the prepared product every day.