gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
54df0377d1114c0f
Response Measures
None
Receivership Details
Depositor recovery rate
94.2%
Date receivership started
1933-01-10
Date receivership terminated
1940-01-31
Share of assets assessed as good
33.6%
Share of assets assessed as doubtful
56.6%
Share of assets assessed as worthless
9.8%
Events (5)
1.November 17, 1892Chartered
Source
historical_nic
2.January 10, 1933Receivership
Source
historical_nic
3.October 18, 1933Receivership
Newspaper Excerpt
Charles E. Ketterer Is Appointed Bank Receiver At Ellwood City ... Ketterer's appointment was signed by Comptroller of the rency. ... Mr. Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
Source
newspapers
4.October 18, 1933Suspension
Cause
Government Action
Cause Details
Comptroller appointed a receiver and the bank was taken into receivership/closed by federal authority.
Newspaper Excerpt
Charles E. Ketterer Is Appointed Bank Receiver At Ellwood City ... Mr. Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
Source
newspapers
5.November 2, 1934Other
Newspaper Excerpt
Ketterer, receiver of the First National bank of Ellwood City, has brought suit ... to secure judgment against Birchard on stock assessment liabilities ... from March 1933 to the date of controller of currency notice to all stock holders.
Source
newspapers
Newspaper Articles (5)
1.August 17, 1893The SunNew York, NY
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Article Text
Suspended Banks Reopen Their Doors. KANSAS CITY. Aug. 16. - The Armourdale Bank at Armourdale. which suspended business in the financial crash in the two Kansas cities one month ago yesterday. has reopened its doors and resumed business. FORT SCOTT, Kan., Aug. 16-The First National Bank of this city. which suspended on July 18, resumed business this morning. Bank Examiner Latimer of Sedalia. who has been in charge since it closed. has issued a notice to depositors saying that the institution is in good financial condition. WASHINGTON. Aug. 16.-The First National Bank of Rico, Col., which suspended payment June 30. 1893. having complied with the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. has been permitted to-day to reopen its doors for business. CLEVELAND. Aug. 16.-The Cardington Banking Company. at Cardington. O., closed its doors this afternoon. Theassets approximate $100. 000 and are said to be sufficient to meet the demands of the creditors. The President of the bank. Major W. G. Beatty. was obliged to make an assignment. and the bank could not weather the trouble brought on by his embarrassment. CARROLLTON. Pa.. Aug. 16.-The banks of Johnston. Bucks county. at Ebensburg. Carrollton. and Hastings. which suspended payments until they could get more money. will open again on Monday morning.
2.October 17, 1933New Castle NewsNew Castle, PA
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Article Text
Receiver Appointed
Charles E. Ketterer Is Appointed Bank Receiver At Ellwood City
WILL SUCCEED
ROBT. W. WYLIE
Announcement was made today of the appointment of Charles Ketterer of 407 Fourth street, Ellwood City, as the receiver for the Citizens National and the First National Banks of Ellwood City. He succeeds Robert Wylie. Ketterer's appointment was signed by Comptroller of the rency. Mr. Ketterer long time resident of Ellwood City and for eighteen years has been the hardware business. some time he has been the treasurer of the YahnJones Company. No announcement was made to the appointment an attorney for the receiver, but Attorney Wilbur Baer, State committeeman for the party here stated this would be done shortly. Mr. Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
3.October 18, 1933Bradford Evening Star and The Bradford Daily RecordBradford, PA
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Article Text
NAMES BANK RECEIVER Ellwood City, Pa., Oct. of the First National and Citizens' banks were in the hands of Ketterer, Democratic leader and local business man, today following his appointment success or to Robert Wylie as receiver.
4.November 2, 1934New Castle NewsNew Castle, PA
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Article Text
Start Suit Against Stockholder
Receiver Of Local Bank Brings Suit For Judgment Against Birchard
ELLWOOD Nov. Ketterer, receiver the First National bank of Ellwood City, has bought suit in the district court of the United States for the eastern district Pennsylvania, to secure judgment against Birchard on stock assessment liabilities for and interest from March 1933. to the date of controller of currency notice to all stock holders. The bank examiners are checking the books of the Citizens and First National banks Ellwood and Mr. Ketterer declared that other sults will soon follow.
5.November 2, 1934New Castle NewsNew Castle, PA
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Article Text
Start Suit Against Stockholder
Receiver Of Local Bank Brings Suit For Judgment Against Birchard
ELLWOOD CITY. Nov. Ketterer, receiver of the First Nntional bank of Ellwood City, has bought suit in the district court of the United States eastern district Pennsylvania, to secure judgment against Birchard stock assessment liabilities for and interest from March 1933, to the date of controller of currency notice to all stock holders. The bank examiners are checking the books of the Citizens and First National banks in Ellwood and Mr. Ketterer declared that other sults will soon follow.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
