Monongahela Bank - Brownsville, PA

Episode Information

Episode Type: Suspension → Closure
Start Date: April 6, 1931
Location: Brownsville, Pennsylvania (40.020, -79.890)
Bank Type: state

Metadata

Episode ID
Bank ID
City ID

Model: gpt-5-mini
Short Digest

Notes

Receiver named and dividend payments indicate permanent closure following suspension.

Events (3)

1. April 6, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended and subsequently placed in receivership (became defunct).
Newspaper Excerpt: The bank suspended April 6, 1931
Source: newspapers

2. March 16, 1932 Other

Newspaper Excerpt: Checks totaling $33,416 ... were distributed to 500 depositors today.
Source: newspapers

3. * Receivership

Newspaper Excerpt: Lloyd Littrell, receiver for the defunct Monongahela Bank of Brownsville, were distributed to 500 depositors today.
Source: newspapers

Newspaper Articles (1)

1. March 16, 1932 The Pittsburgh Press Pittsburgh, PA

Article Text

CLOSED BANK PAYS

Brownsville Depositors Receive New Dividend Checks

Special to The Pittsburgh Press

BROWNSVILLE, Pa., March 16—Checks totaling $33,416, which represent a supplement to a 15 per cent dividend declared by Lloyd Littrell, receiver for the defunct Monongahela Bank of Brownsville, were distributed to 500 depositors today.

The bank suspended April 6, 1931, and paid an initial dividend amounting to $552,000 last Dec. 1.