Darby Bank & Trust Company (Darby, PA)

Episode Information

Episode UID
60142471618
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
6014247 routing
Routing Number
60-1424
Start Date
October 10, 1934
Location
Darby, Pennsylvania (39.918, -75.259)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e81dda0baaa7e425

Response Measures

None

Description

Bank is described as one of several closed banks making dividend payments from a state-administered settlement.

Events (3)

1. October 10, 1934 Other
Newspaper Excerpt
A twelve per cent dividend amounting to $129,497.50 will be paid to the 7,543 depositors of the Darby Bank and Trust company of Darby on October 10.
Source
newspapers
2. * Receivership
Newspaper Excerpt
According to announcement made yesterday by Dr. William D. Gordon, State Secretary of Banking ... Darby Bank and Trust Company will make payment ... (closed banks making partial payment)
Source
newspapers
3. * Suspension
Cause
Government Action
Cause Details
Closed earlier and settling under state banking authority/receivership; paying dividends to depositors as ordered by State Secretary of Banking
Newspaper Excerpt
Darby Bank and Trust Company will make payment of $56,060.52 representing five per cent. of its present deposit liability
Source
newspapers

Newspaper Articles (3)

Article from The Philadelphia Inquirer, August 27, 1932

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Article Text

SOON HOOVER URGES FIGHT BE PAID BY UPON WANING CRISIS; FIFTEEN BANKS PARLEY ADOPTS PLANS 153,000 Depositors in Six Closed Phila. Institutions Benefit Within Few to Weeks Bankers Trust, Darby, Girard Ave. Title, Glenside, Jeffer- son and Mortgage Security Co. Included Six closed Philadelphia banks and nine in communities throughout the State will pay dividends to deposi- tors within little more than month, according to announcement made yesterday by Dr. William D. Gordon, State Secretary of Banking The Philadelphia banks are the Bankers Trust Company. Darby Bank and Trust Company of Darby Girard Avenue Title and Trust Company, Glenside Bank and Trust Company of Glenside, Jefferson Title and Trust Company and the Mortgage Security Trust Company More than 153,000 depositors in Philadelphia and elsewhere will benefit through the dividends The payments will bring the total amount paid by closed banks to positors to approximately $19,600.000. Of this $8,478,412 will have represented payments by the Bankers Trust Company alone. Payements to Be Made According to the announcement, the Bankers Trust Company will pay 10 per cent. dividend of $2,792.on September 30, following 20 per cent. payment last November. This reduce the remaining deposit liability of the institution, which closed in December 1930. to slightly more than $25,- Darby Bank and Trust Company will make payment of $56,060.52 representing five per cent. of its present deposit liability, next Wednesday. It made first payment of 20 per cent. last October Five per cent. will also be paid by the Girard Avenue Title and Trust Company September 13, that percentage amounting to $121,- Glenside Bank and Trust Company will pay per cent., or $155,041.52 September It made previous payment of ten per cent. August *Jefferson Title and Trust Company will pay total of or 7ยฝ per cent. of its total present deposit liability on September five per cent. payment, totaling will be paid by the Mortgage Sescurity Trust Company next Wednesday A CALL TO ECONOMIC ARMS


Article from Republican and Herald, August 27, 1932

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Article Text

CLOSED BANKS MAKE PARTIAL PAYMENT Distribution Will Be Made DurComing Week. Philadelphia. Aug. More than depositors in fifteen closed banks will receive part their deposits within the coming Dr. WilGordon. State Secretary announced today. The banks Conewago Trust Co., Warren, 10 per First Bank and Trust Co., WashingDeposit Bank. of McKeesport. per cent. $113,227. Bank and Trust Pittsburgh. per cent. $198,000. Trust Co., Washington, Pennsylvania Liberty Bank and Trust Co., cent., Bank. 10 per Trust Co., $44,761. People's Trust Company. Frackville, Darby Bank and Trust Company. $56,000. Glenside Bank and Trust Co., 10 per The remaining four institutions were


Article from Bradford Evening Star and The Bradford Daily Record, October 2, 1934

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Article Text

SIX CLOSED BANKS TO PAY DIVIDENDS Philadelphia. Oct. -Dividend payments totaling $496,099.97 will be made to 33,053 depositors in six defunct Pennsylvania banks within the next two weeks. according to an announcement made here today by Dr William D. Gordon, state secretary of banking The Allentown Trust company of Allentown will disburse a 13 1-2 per cent dividend. amounting to $141.792.20 to its 11,555 depositors on October 14. The Miners and Mechanics Saving bank. Carbondale, Lackawanna county, will distribute a 5 per. cent dividend. amounting to $134,214.22 On October 11. the Archbald bank. of Archbald. Lackawanna county, will make a 5 per cent payment of $41.A twelve per cent dividend amounting to $129,497.50 will be paid to the 7,543 depositors of the Darby Bank and Trust company. of Darby on October 10 A nine per cent dividend. amounting to $21,258.74. will be distributed to the 971 depositors of the Citizens Bank of Barnesboro, Cahbria county, on October 8.