Yardley National Bank

Episode Information

Episode Type: Suspension → Closure
Start Date: March 7, 1934
Location: Yardley, Pennsylvania (40.246, -74.846)
Bank Type: national
Charter Number: 4207

Metadata

Episode ID
Bank ID
City ID: 421191860

Model: gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-03-07
Date receivership terminated: 1939-07-13
Share of assets assessed as good: 56.9%
Share of assets assessed as doubtful: 33.4%
Share of assets assessed as worthless: 9.8%

Notes

Used the known receivership date as the authoritative closure date; article (1935) describes ongoing receivership and dividends.

Events (3)

1. January 13, 1890 Chartered

Source: historical_nic

2. March 7, 1934 Receivership

Newspaper Excerpt: The statement of the condition of the closed The Yardley National Bank issued at the close of the last quarter by the receiver, George H. Younger shows...
Source: newspapers

3. March 7, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. February 9, 1935 The Bristol Daily Courier Bristol, PA

Article Text

Yardley Bank Receiver Makes Good Showing YARDLEY, Feb. 9—The statement of the condition of the closed "The Yardley National Bank" issued at the close of the last quarter by the receiver, George H. Younger shows that the assets amount to $806,248.68 while the total liabilities amount to $502,237.33. The cash collected from assets amounted to $325,328.22 and that from the stock assessment was $66,965. A dividend of 6% has already been paid the depositors amounting to $177,108.31. The cost of the receivership, including those of the conservator have been less than 4%. The receiver announced that it is necessary that all depositors in the old bank who have not already done so, file with him a proof of claim as the legal limit for doing so will shortly expire. It is the desire of the comptroller of the currency that all who are entitled shall share in dividends.