First National Bank & Trust Company (Monessen, PA)

View Charter #5253 on SPMC View balance sheet

Episode Information

Episode UID
525301585
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
52530 national
Charter Number
5253
Start Date
January 22, 1932
Location
Monessen, Pennsylvania (40.148, -79.888)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d93823dfc0918c88

Response Measures

None

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%

Description

Articles show a receiver was appointed; suspension is not explicitly mentioned in the clips but receivership implies closure.

Events (3)
1. February 7, 1900 Chartered
Source
historical_nic
2. November 6, 1931 Receivership
Source
historical_nic
3. January 22, 1932 Receivership
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

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.