Edgewater Trust Company - Edgewater, NJ

Episode Information

Episode Type: Suspension → Closure
Start Date: August 30, 1935
Location: Edgewater, New Jersey (40.827, -73.976)
Bank Type: trust
Routing Number: 55-0352
Alt. names: Northern New Jersey Trust Company; Manufacturers Bank

Metadata

Episode ID
Bank ID
City ID: 340876101

Model: gpt-5-mini
Short Digest

Notes

Article states the bank is in charge of Banking Commissioner Carl K. Withers, and a receiver has filed a claim against it.

Events (2)

1. August 30, 1935 Suspension

Cause: Government Action
Cause Details: Bank taken in charge by the New Jersey Banking Commissioner (Carl K. Withers).
Newspaper Excerpt: Edgewater Trust Co., which is in charge of Banking Commissioner Carl K. Withers.
Source: newspapers

2. August 30, 1935 Receivership

Newspaper Excerpt: Richard F. Lawton, Plainfield, receiver of the First National Bank of Edgewater, has started proceedings ... on a claim of $73,000 against the Edgewater Trust Co.
Source: newspapers

Newspaper Articles (1)

1. August 30, 1935 The Jersey Journal Jersey City, NJ

Article Text

Richard F. Lawton, Plainfield, receiver of the First National Bank of Edgewater, has started proceedings before Vice-Chancellor Vivian M. Lewis on a claim of $73,000 against the Edgewater Trust Co., which is in charge of Banking Commissioner Carl K. Withers.

David Stoffer, Newark, as a master, has been named by the court to investigate the claim.

Episode Information

Metadata

Notes

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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