County Trust Company - Philadelphia, PA

Episode Information

Episode UID: 3008771582
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 300877 routing
Routing Number: 3-0087
Start Date: October 9, 1931
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 8f1a443a62709d3c

Response Measures

None

Description

Article text shows OCR errors; closure appears ordered by state official same day as heavy withdrawals.

Events (2)

1. October 9, 1931 Run

Cause: Bank Specific Adverse Info
Cause Details: $3,000,000 in withdrawals from the County Trust Company and branches during the year, triggering alarm
Measures: No specific remedial measures reported prior to closure
Newspaper Excerpt: County Trust Company and Seven Branches Hit by $3,000,000 Withdrawals
Source: newspapers

2. October 9, 1931 Suspension

Cause: Government Action
Cause Details: State official (Dr. William D. Gordon, state secretary) ordered the Frankford office/branches closed
Newspaper Excerpt: FRANKFORD ORDERED CLOSED ... taken ... Dr. William D. Gordon, state secretary
Source: newspapers

Newspaper Articles (1)

1. October 9, 1931 Evening Courier Camden, NJ

Article from Evening Courier, October 9, 1931

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Article Text

FRANKFORD ORDERED CLOSED County Trust Company and Seven Branches Hit by $3,000,000 Withdrawals The doors of the County Trust Company. Frankford avenue and Rhawn street, Philadelphia, its branches did not reopen to- The board of directors made that yesterday cause of $3,000,000 in deposits this year. The bank and its branches been taken Dr. William D. Gordon, state secretary The bank the consolida. tion number northeast bank. ing institutions. saw chairman of board of directors. Three other members the Disston family are members of the The board said the bank had totalling and posits The trust funds total The branch offices are as Tacony office, Longshore st, and Tacony Longshore and Tulip Fox Chase office, Oxford ave. below Rhawn Bustleton office, Bustleton pike and Grant ave. office, Bustleton pike and Byberry Lawndale 6500 Rising Sun ave. Mayfair office, 7316 Frankford ave.