First Bankers Union (Boston, MA)

Episode Information

Episode UID
5017871576
Episode Type
Suspension → Closure
Bank Type
private
Bank ID
501787 routing
Routing Number
5-0178
Start Date
April 22, 1931
Location
Boston, Massachusetts (42.358, -71.060)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ef4acf75ed7e93e9

Response Measures

None

Description

Articles identify the institution as one of five defunct private banks with a receiver appointed.

Events (2)
1. April 22, 1931 Other
Newspaper Excerpt
Banks of which Vaughan was receiver were ... the First Bankers' Union, Inc., of Boston
Source
newspapers
2. May 5, 1931 Other
Newspaper Excerpt
Friends and Relatives Think Vaughan Has Killed Self ... Bonner named receiver ... to disentangle affairs of Di Pietro and First Bankers Union, inc.
Source
newspapers

Newspaper Articles (3)
1. April 22, 1931 The Waterbury Democrat Waterbury, CT
Article from The Waterbury Democrat, April 22, 1931

Click image to open full size in new tab

Article Text

BANK RECEIVER LEFT ACCOUNTS IN TANGLED MESS Guy L. Vaughan of Boston Has Disappeared - Five Defunct Private Banks AIF Mixed Up Boston, April 22.-(UP).-Leav ing accounts of five defunct private banks, of which he was receiver, in a tangled condition, Guy L. Vaughan, 35, of Boston, disappeared April 1, State Bank Commissioner Arthur Guy has revealed. According to Vaughan's parents, Mr. and Mrs. Robert M. Vaughan of Melrose, he went to Washington on business and was ill when last heard from. They said they did not know his address, but were sure he would return. Banks of which Vaughan was receiver were the Andrew Dipetro company of Boston, the First Bankers' Union, Inc., of Boston, the Nonantum Bankers' company and the Amato Pescossolido & company of Newton, and the Fabrizio Pitocchelli company of Lawrence. Liabilities of the institutions totalled some $427,000. Frederick D. Bonner. a Boston law er, has been appointed as temporary received to straighten out accounts of the banks. No charge has been lodged against Vaughan. He was bonded for $125,000.

2. April 22, 1931 The Brooklyn Daily Times Brooklyn, NY
Article from The Brooklyn Daily Times, April 22, 1931

Click image to open full size in new tab

Article Text

BANK RECEIVER VANISHES Boston, April accounts of five defunct private banks, of which was receiver. in tangled condition. Guy Vaughan, of Boston disappeared April State Bank ComGuy has revealed. According to Vaughan's parents, Mr. and Mrs. Robert M. Vaughan. of Melrose Washington on business was ill when last from which Vaughan ceiver Andrew Dipetro Company the First Bankers' Union. Inc., Boston, the Nonantum Bankers' Company and the Amato Co. the Pitocchelli Company or Liabilities institutions totalled some

3. May 5, 1931 The Republican Springfield, MA
Article from The Republican, May 5, 1931

Click image to open full size in new tab

Article Text

Friends and Relatives Think Vaughan Has Killed Self Failure to Attend Funeral of Father Thought Significant; Story of Burial In. Place of Elder Exploded Boston, May and friends Guy Vaughan, expressed the opinion he may have mitted suicide after down due attempt liquidate banks one time, coupled with the knowledge his were suspicion. They based this belief his and fact failed neral his father, M. They said that the charges against he would have returned attend Reports the who and to buried under tery. Melrose, Foley Suffolk send Melrose to satisfy actually the elder Vaughan who dead interest telephone message received his police headquarters Guy who had died. Foley sent James Special Martin Conroy cemeattendant elder take place and returned to Boston back Melrose watch the the possible return of Guy they returned to Melrose that the body was buried o'clock. then that find whether was actually Guy his father coffin. satisfacwas elder Vaughan Foley Foley arranging go the Suffolk county on Friday ture being prepared by Frederick Bonner, receiver named Judge Pierce of supreme court take disentangle Vaughan Bonner, Foley wants to comFrancis certified affairs of Di Pietro and First Bankers Union, inc, funct Boston banks, over which Foley would have particular Bonner and Bank Commissioner Ar- thur Guy were in conference with Judge George the preme court Bonner's affairs Nonantum Bankers' Pescosolido & Co, inc., which Bonner recited that the time was ripe for the permanent of since had completed work as temporary Announcement Today Judge Sanderson expected to make the report and to the affairs of the Newton James Vitelli, of and Newtor, the supreme court as rethe companies. says number the those institutions who are man known them as receiver their best this presiding justice tions acceptance compromise favor the First Union, Pietro Fabrizio Pitocchelli the sult litigation over transmission Last night Foley received teleHenry, chief the that Dr Stuart Vaughan had been BaltiApril and for his brother, Guy Vaughan, Henry not Lt James Daley who are part the searching for known been Bonner talked with him. Foley unable locate Daley and Cavagnaro yesterday.