Miners & Merchants Bank (Nanty Glo, PA)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
October 28, 1930
Location
Nanty Glo, Pennsylvania (40.472, -78.833)
Bank Type
state
Routing Number
60-1525

Metadata

Episode ID
Bank ID
City ID
421217365
Model
gpt-5-mini
Short Digest

Notes

Newspaper uses both Nanty-Glo and Nantyglo spellings; treated as same place.

Events (3)
1. October 28, 1930 Run
Cause Details
Article reports a slow run but gives no specific trigger or rumor.
Measures
Taken over by the State Secretary of Banking
Newspaper Excerpt
The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking as the result of a slow run.
Source
newspapers
2. October 28, 1930 Suspension
Cause
Government Action
Cause Details
State banking department took over the bank following the slow run.
Newspaper Excerpt
The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking
Source
newspapers
3. March 1, 1935 Receivership
Newspaper Excerpt
Joseph Siciliano... has been appointed by Dr. Luther A. Harr, State Secretary of Banking, as the receiver for a group of seven banks... the Miners' & Merchants' Bank of Nantyglo. The appointments are effective March 1.
Source
newspapers

Newspaper Articles (2)
1. October 28, 1930 The Daily Republican Phoenixville, PA
Article from The Daily Republican, October 28, 1930

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Article Text

STATE TAKES OVER BANK (By Associated Press) Harrisburg. October 28 The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking as the result of a slow run. the state banking department here announced.

HOLD BOOZE AGENT

(By Associated Press) Alburqurque. N. M. Oct. 2S-A Federal prohibition agent here was in custody today pending investigation into the fatal shooting last night of a highway workman.

100 MINERS WERE KILLED (By Associated Press) Faarb: Germany. Oct. 28-At least 100 miners lost their lives Saturday in an explosion which wrecked the Maybauh mines, imprisoning workers in gas filled galleries. Ninely-one bodies had been recovered.

SEEK WOMAN IN THEFT (By Associated Press) Irvington, N $ Oct 27-A woman who posed as a guest of E. A. Matthiassen was sought today in connection th the theft of jewelry valued at $15,000.

WOULD ENHANCE PROSPECTS (By Associated Press) Philadelphia, Oct. -Senator Joseph R. Grundy has sent an open reply to Kern Dodge, of this city, to a letter sent by Mr. Grundy when Mr Dodge recently decided to support John M Hemphill for governor. Senator Grundy declared that "the presidential prospects of the Democratic party would be enhanced by the election of Democrat as Governor of Pennsylvania.'

HE PROFITS MOST who reads most Classified Ads.

2. February 28, 1935 The Mountaineer-Herald Ebensburg, PA

Article Text

Joseph Siciliano New Bank Receiver in This Section

Joseph Siciliano, Johnstown real estate man, has been appointed by Dr. Luther A. Harr, State Secretary of Banking, as the receiver for a group of seven banks in Cambria and Blair counties.

Attorney William A. McGuire, of Johnstown, was appointed at the same time as counsel to the receiver. The appointments are effective March 1. Siciliano's salary, it is understood, will be $6,500, and that of McGuire about $5,000.

The banks included are the Citizens' bank of Gallitzin, the Ebensburg Trust company, the Cresson Deposit bank, the Citizens' Bank of Barnesboro, the Miners' & Merchants' Deposit Bank of Portage, the Miners' & Merchants' Bank of Nantyglo, the Mountain City Trust Company of Altoona, and the Title, Trust & Guarantee Company of Johnstown.

The banks were formerly in charge of Harold R. Brown, of Ebensburg, and the Johnstown bank in charge of Nelson A. Elsasser.