First National Bank & Trust Company (Monessen, PA)

View Charter #5253 on SPMC View balance sheet

Episode Information

Episode Type
Suspension → Closure
Start Date
November 6, 1931
Location
Monessen, Pennsylvania (40.148, -79.888)
Bank Type
national
Charter Number
5253
Alt. names
Monessen National Bank; First National Bank

Metadata

Episode ID
Bank ID
City ID
421181413
Model
gpt-5-mini
Short Digest

Receivership Details

Depositor recovery rate
41.5%
Date receivership started
1931-11-06
Date receivership terminated
1941-09-08
Share of assets assessed as good
8.1%
Share of assets assessed as doubtful
80.4%
Share of assets assessed as worthless
11.5%

Notes

Known receivership date (1931-11-06) places bank in permanent closure before these articles.

Events (5)
1. February 7, 1900 Chartered
Source
historical_nic
2. November 6, 1931 Receivership
Newspaper Excerpt
J. S. Odland, receiver for the Citizens National Bank and the First National Bank and Trust Company of Monessen, to recover on two bonds totaling $35,000.
Source
newspapers
3. November 6, 1931 Receivership
Source
historical_nic
4. January 22, 1932 Other
Newspaper Excerpt
A suit was filed in Federal Court yesterday against the Aetna Casualty and Surety Company by J. S. Odland, receiver for the Citizens National Bank and the First National Bank and Trust Company of Monessen, to recover on two bonds totaling $35,000.
Source
newspapers
5. February 18, 1932 Other
Newspaper Excerpt
J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, successors to Monessen Trust Co.
Source
newspapers

Newspaper Articles (3)
1. January 22, 1932 The Pittsburgh Press Pittsburgh, PA

Article Text

BANK RECEIVER SUES FOR BONDS

Official Attempting to Collect Assurances of Former Cashiers

A suit was filed in Federal Court yesterday against the Aetna Casualty and Surety Company by J. S. Odland, receiver for the Citizens National Bank and the First National Bank and Trust Company of Monessen, to recover on two bonds totaling $35,000.

2. February 18, 1932 Latrobe Bulletin Latrobe, PA

Article Text

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, successors to Monessen Trust Co., Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, successors to Monessen Trust Co., Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, successors to Monessen Savings and Trust Co., Gdn

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, successors to Monessen Savings and Trust Co., Gdn

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, successors to Monessen Savings and Trust Co., Gdn

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

J. S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Gdn.

3. March 2, 1932 Latrobe Bulletin Latrobe, PA

Article Text

S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Admr.

S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Admr.

S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Admr.

S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Admr.

S. Odland, Receiver of First National Bank and Trust Co., of Monessen, Admr.