Pittsburg Deposit & Title Company (Pittsburg, PA)

Episode Information

Episode UID
9163565591525
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
916356559 hash
Start Date
January 8, 1927
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
44b18489ca104310

Response Measures

None

Description

Newspaper spellings vary (Pittsburg vs. Pittsburgh) corrected to Pittsburgh, PA.

Events (2)
1. January 8, 1927 Receivership
Newspaper Excerpt
was taken charge of the affairs. ... by Frank W Jackson, bank examiner.
Source
newspapers
2. January 8, 1927 Suspension
Cause
Government Action
Cause Details
Closed by state banking department; affairs taken over by bank examiner; frozen assets cited.
Newspaper Excerpt
PITTSBURGH BANK CLOSED BY STATE ... Pennsylvania Department Takes Over Affairs Of Institution
Source
newspapers

Newspaper Articles (2)
1. January 8, 1927 Birmingham Post-Herald Birmingham, AL
Article from Birmingham Post-Herald, January 8, 1927

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Article Text

PITTSBURGH BANK CLOSED BY STATE Pennsylvania Department Takes Over Affairs Of Institution (By Associated Press.) burgh Deposit and Title company Pittsburgh. with deposits of than 1,000,000, was by the Frank W Jackson, bank examiner. charge of the affairs. he would make an official under the 10cated in the heart the Pittsburgh financial district. Fourth avenue.

2. January 14, 1927 The Daily Worker New York, Chicago, NY
Article from The Daily Worker, January 14, 1927

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Article Text

PITTSBURGH-The Pittsburgh Deposit and Title Company, believed to have been the only banking institution in Western Pennsylvania which paid 5 per cent on savings accounts, was closed today by the state banking department. Frozen assets was assigned as the cause. The bank had capital stock listed at $125,000, with assets of $1,231,898.40.