First National Bank & Trust Company

Episode Information

Episode Type: Suspension → Closure
Start Date: October 30, 1934
Location: Hamburg, Pennsylvania (40.556, -75.982)
Bank Type: national
Charter Number: 9028
Alt. names: First National Bank

Metadata

Episode ID
Bank ID
City ID: 421176412

Model: gemini-3-flash-preview
Short Digest

Receivership Details

Depositor recovery rate: 88.0%
Date receivership started: 1934-10-30
Date receivership terminated: 1939-04-28
Share of assets assessed as good: 51.8%
Share of assets assessed as doubtful: 48.0%
Share of assets assessed as worthless: 0.2%

Notes

The article discusses post-closure receivership activities; the suspension date is inferred from the known receivership date.

Events (4)

1. February 12, 1908 Chartered

Source: historical_nic

2. October 30, 1934 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership.
Source: newspapers

3. October 30, 1934 Receivership

Newspaper Excerpt: A decree directing Walter P. Kelchner, receiver of the First National Bank and Trust company of Hamburg to turn over to the Berks County Trust company all assets
Source: newspapers

4. October 30, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. December 17, 1935 Reading Times Reading, PA

Article Text

A decree directing Walter P

Kelchner, receiver of the First National Bank and Trust company of Hamburg to turn over to the Berks County Trust company all assets comprising a mortgage trust pool was signed on motion of Edgar S. Richardson and John A. Moss, attorneys.