Woodlynne National Bank (Wood-Lynne, NJ)

Episode Information

Episode UID
55062671608
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
5506267 routing
Routing Number
55-0626
Start Date
December 1, 1933*
Location
Wood-Lynne, New Jersey (39.917, -75.096)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b79a6936016e5006

Response Measures

None

Events (2)
1. December 1, 1933* Receivership
Newspaper Excerpt
Woodlynne National Bank (receiver), $4,000.
Source
newspapers
2. July 31, 1934 Receivership
Newspaper Excerpt
receiver for the Woodlynne National Bank
Source
newspapers

Newspaper Articles (3)
1. March 12, 1934 The Times Trenton, NJ
Article from The Times, March 12, 1934

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Article Text

Loans Authorized For Jersey Banks RFC Report to Congress Says 14 Sanctioned In December WASHINGTON, March 12 (P).-The Reconstruction Finance Corporation, in its monthly report to Congress, made public the fact that 14 loans to New Jersey banks and trust companies had been authorized during December, 1933, the largest being $457,000 to the conservator of the Carlstadt National Bank. Other loans authorized included: Collingswood National Bank (conservator), $65,000; First National Bank of East Rutherford, $95,000; Elizabeth Trust Company, $245,000: Cliffside Park Title Guarantee Trust Company, $18,000; First National Bank (conservator), of Lyndhurst, $400,000; Margate Trust Company of Margate City, $75,000; Mount Ephraim National Bank (receiver), $50,000; New Brunswick Trust Company, $50,000; Hamilton Trust Company of Paterson, $25,000; Merchants Trust Company of Paterson, $20,000; Security Trust Company of Paterson, $7,500; First National Bank of Sea Isle City (receiver) $19,000; Woodlynne National Bank (receiver), $4,000. Exception for loans to the CliffPark Title Guarantee & Trust Company the Margate Trust Company, the Merchants Trust Company of Paterson. the Security Trust Company of Paterson, and the First National Bank of Sea Isle City, no part of the had been disbursed up to and including December 31.

2. March 12, 1934 Asbury Park Press Asbury Park, NJ
Article from Asbury Park Press, March 12, 1934

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Article Text

14 JERSEY BANKS RECEIVE RFC AID Largest, of $457,000, Goes to Carlstadt Conservator. Two Canceled. WASHINGTON March 12. (AP)-The Finance in its monthly to congress, made public the fact that 14 loans to banks and trust had been authorized during December, 1933, the largest being to the conservator of the Carlstadt National bank Other authorized included: the National bank (conservator), $65,000 First National bank of East Rutherford, Elizabeth Trust company, Cliffside Park Title and Trust company, $18,000 First National bank (conservator), Lyndhurst, $400,000; Margate Trust company, Margate City, $75,000; the Mount Ephraim National bank (receiver), $50,000; New Brunswick Trust company, $50,000; the Hamilton Trust company of Paterson, $25,000; the Merchants Trust company of Paterson, $20.000; the Security Trust company, Paterson, $7,500 the First National bank of Sea Isle City (receiver) $19,000, and the Woodlynne National bank (receiver) With the execption of loans to the Cliffside Park Title Guarantee Trust company the Margate Trust company Merchants Trust company of Paterson: the Security Trust company Paterson, and the First Na. tional bank of Sea Isle City, no part of the amounts authorized been disbursed up and including December 31. 1933 Among the instiutions from which the RFC had agreed to purchase preferred stock the following in New Jersey, Fairlawn Radburn Trust company, Garfield Trust company, $200,000 the Hackensack Trust company, $300,000; Harrison Na. tional bank of Harrison. New Jersey, $112,500; Columbia Trust company Hoboken, $50,000; Chancellor Trust County National bank, Jersey City $1,500,000; Clinton Trust company, Newark, $250,000, and Citizens Trust company, Summit, $60,000. Under the statement of loans authorized during the period from July 21, 1932, to 30, inclusive, which were withdrawn or cancelled in part during December were the following in New Jersey and the withdrawn or cancelled Peoples bank of Hawthorne, and the New Jersey National Bank and Trust company of Newark (receiver), $250,500.00

3. July 31, 1934 Times Herald Washington, DC
Article from Times Herald, July 31, 1934

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Article Text

APPOINTED RECEIVERS Reveals Only Four of Survey Nine in District Served As Executives EUGENE KELLY By of the nine receivers Only five 13 closed banks in Washfor the ington have previously served in positions in banks, executive survey revealed today. While details of his past ex perience could not be ascertained, learned today that Robert was C. Baldwin, receiver for the Com mercial National Bank, spent of his life in the good deal manufacturing business in Ham ilton, Ohio. Mr. Baldwin refused to give information regarding his past experience to the office of Kenneth Hayes, who public relations counsel for nor, Comptroller of the Currency. was learned, however, that Mr. Baldwin was one time for the State National ceiver Bank at Lynn, Mass. friends he also has His say had as bond sales experience man. Jean Dinger, receiver for the International Exchange Bank. receiver for the Woodlynne National Bank and the Westmont National Bank, both in New Jer He previously affiliated the Department of Justice. with Publisher On Job Hamilton, receiver here, is wellknown publisher, of Portsmouth, Va. From 1913 to 1922 he was collector of customs at Norfolk and was for many years director bank there. He was also director of the Mutual Building Association in that city. Cary Hardee, receiver for the National Bank and Trust Company and the Chevy Chase Savings Bank, was former Governor of Florida. He lawyer and banker. In 1902 he organized the First National Bank of Live Oak, and was president of the institution from 1908 to 1928. He was also president of the Commercial Bank of Live Oak, Fla. Claude H. Woodward, receiver for the Bank of was president of the Mt Vernon Sav Bank from 1928 to 1932. ings (Continued Page Col.