Franklin Trust Company (Philadelphia, PA)

Episode Information

Episode UID
3010071599
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
301007 routing
Routing Number
3-0100
Start Date
March 1, 1933*
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c9a429bfe0998b90

Response Measures

None

Description

Closure appears tied to alleged embezzlement by bank officials.

Events (1)
1. March 1, 1933* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Alleged embezzlement by three bank officials leading to the bank's closure
Newspaper Excerpt
Three PhiladelphiaBank Officials Face Charges ... embezzlement of funds of closed Franklin Trust Company
Source
newspapers

Newspaper Articles (2)
1. March 21, 1933 The Baltimore Sun Baltimore, MD
Article from The Baltimore Sun, March 21, 1933

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Article Text

Three PhiladelphiaBank Officials Face Charges Warrants Allege Embezziement Of Funds Of Closed Franklin Trust Company Philadelphia, March 20 (/P)-Three officials of the closed Franklin Trust Company were charged today with embezzlement of bank funds. Assistant District Attorney Franklin E. Barr

2. April 29, 1933 The Philadelphia Inquirer Philadelphia, PA
Article from The Philadelphia Inquirer, April 29, 1933

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Article Text

Meenehan's Liquor Seized to Satisfy Bank Judgment $300,000 liquor stock William restauowner, 62nd and Walnut consisting about bottles kegs and seized night for the time in months, this time satisfy deputy sheriff armed with writ attachment cellar of home 6161 Walnut shortly afternoon and take the liquor When the deputy sheriff seizure Dr William Gordon, State Secretary Banking satisfy judgment $105,000 the closed Franklin Trust Company said that the had and securities pledged the bank which been him since the He after taking inventory every bottle, and said will peal Federal authorities today return holds its the him some months ago being raid.