Federal Title & Trust Company

Episode Information

Episode UID: 60042471591
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 6004247 routing
Routing Number: 60-0424
Start Date: July 19, 1932
Location: Beaver Falls, Pennsylvania (40.752, -80.319)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d545b60e6962c230

Response Measures

None

Description

Bank closed July 19, 1932 and is issuing dividends to depositors while in receivership.

Events (3)

1. July 19, 1932 Receivership

Newspaper Excerpt: It closed July 19, 1932.
Source: newspapers

2. July 19, 1932 Suspension

Cause: Government Action
Cause Details: Bank closed July 19, 1932 and placed in receivership/ceased operations.
Newspaper Excerpt: The Federal Title and Trust Company, of Beaver Falls, will pay its 1,548 depositors their first dividend... It closed July 19, 1932.
Source: newspapers

3. July 15, 1933 Other

Newspaper Excerpt: The Federal Title and Trust Company... will pay its 1,548 depositors their first dividend, 10 per cent or $45,887.26, July 15.
Source: newspapers

Newspaper Articles (1)

1. July 5, 1933 The Pittsburgh Press Pittsburgh, PA

Article Text

4 DISTRICT BANKS TO PAY DIVIDENDS $1,042,390 'Frozen Assets' To Be Released Depositors in closed Pennsylvania banks, four of them in the Pittsburgh district, will receive $1,042,390 as further payments on their accounts within three weeks. The Merchants Savings & Trust Company of Pittsburgh's Hill district will repay $32,725.33 to 2,908 depositors July 12. It is a 5 per cent return and bring the total repayment since the bank closed Sept. 24, 1931, to 33 per cent. The Washington Trust Company of Washington will makes its fourth 10 per cent payment July 20. The bank closed Oct. 5, 1931, and its 19,611 depositors have received repayments of 30 per cent. The July 20 return will be an additional $438,424.44. The Federal Title and Trust Company, of Beaver Falls, will pay its 1,548 depositors their first dividend, 10 per cent or $45,887.26, July 15. It closed July 19, 1932. The Monongahela Trust Company, of Monongahela, will make a third payment July 24, when 7 per cent or $80,203.77 will be distributed among 3,318 depositors. Previous payments have returned 33 per cent of the deposits since the bank closed Oct. 5, 1931.