Lansdowne Bank & Trust Company

Episode Information

Episode UID: 60121571584
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 6012157 routing
Routing Number: 60-1215
Start Date: December 19, 1931
Location: Lansdowne, Pennsylvania (39.938, -75.272)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 6053df67d565fec3

Response Measures

None

Events (2)

1. December 19, 1931 Receivership

Newspaper Excerpt: Lansdowne Bank Trust Company ... were taken ... over tonight by the department of banking.
Source: newspapers

2. December 19, 1931 Suspension

Cause: Government Action
Cause Details: Closed by the state department of banking (taken over by the department).
Newspaper Excerpt: Lansdowne Bank Trust Company ... were taken ... over tonight by the department of banking.
Source: newspapers

Newspaper Articles (1)

1. December 19, 1931 The Roanoke Times Roanoke, VA

Article from The Roanoke Times, December 19, 1931

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Article Text

FOUR BANKS IN TWO STATES ARE CLOSED Philadelphia, Dec. subATTRACTIVE urban Lansdowne Bank Trust Company and the Drexel Hill LOW ROUND TRIP Title and Trust taken CHRISTMAS over tonight by the department of banking. HOLIDAY Dr. William D. Gordon. secretary of EXCURSION FARES banking, book assets Lansdowne Bank and Trust were the 954,000. and surplus are listed profits $40,377 RAILWAY VIRGINIAN deposits Total book assets the Drexel Hill Trust Company are listed TICKETS SALE Dr. Gordon $938,000. Capital 16 TO 25 surplus $90,000: ungiven Final Return Limit Tickets. divided profits $15,000 deposits midnight January Conn, 18 Round Trip Week-end and Windsor Locks Sunday Excursion Tickets Trust Company Windsor Danielson On Sale At Extremely Low Trust Company Danielson, were Fares. closed today by George further particulars, Pullman State Depreciation security values. Basaddress Birchfield, General market necessitated the closing.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

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

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