First National Bank (Brockway, PA)

View Charter #13566 on SPMC View balance sheet

Episode Information

Episode UID
1356601586
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
135660 national
Charter Number
13566
Start Date
February 11, 1932
Location
Brockway, Pennsylvania (41.249, -78.799)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ff3d2369c50c21e5

Response Measures

None

Receivership Details

Depositor recovery rate
9.6%
Date receivership started
1932-02-11
Date receivership terminated
1936-09-14
Share of assets assessed as good
3.2%
Share of assets assessed as doubtful
96.8%

Description

Known receivership date (1932-02-11) used as authoritative; articles (Mar–Aug 1932–34) discuss receiver actions and dividends.

Events (5)
1. July 30, 1931 Chartered
Source
historical_nic
2. February 11, 1932 Receivership
Source
historical_nic
3. February 11, 1932 Receivership
Newspaper Excerpt
appointed by the Hon. Pole, Comptroller ... collect 100% assessment from the shareholders First National Bank of Brockway
Source
newspapers
4. March 1, 1932* Other
Newspaper Excerpt
The assessment levied March and due and payable on April 1932; Mr Lensing will be in Brockway bank building for the purpose collecting the assessment
Source
newspapers
5. August 16, 1934 Other
Newspaper Excerpt
F. Wm. Lensing, National Bank Receiver ... has resigned as Receiver. Statement of Condition ... dividends aggregating 59 per cent ... Lensing was appointed Receiver of the Brockway receiverships for the purpose of collecting stock assessments.
Source
newspapers

Newspaper Articles (5)
1. March 11, 1932 The Brockway Record Brockway, PA

Article Text

RECEIVER APPOINTED TO COLLECT ASSESSMENT Wm. Lensing, National Bank has been appointed by the Hon. Pole, Comptroller the CurrenWashington, collect 100% assessement from the shareholdFirst National Bank of Brockway and the First National Bank Brockway. The assessment levied March and due and payable on April 1932. Mr Lensing will be in Brockway bank building for the purpose collecting the assessment on the dates: April and 12th. May 10th, and 12th June 10th and July and 12th, 1932. All mail should addressed to of Citizens National Lensing, care Bank, Warren, Pa.

2. August 16, 1934 Warren Times Mirror Warren, PA

Article Text

BANK RECEIVER LOCATED HERE QUITTING POST F. Wm. Lensing, National Bank Receiver, in charge of the Citizens National Bank, Warren, Wilcox National Bank, Wilcox, First National Bank of Brockway, and the First National Bank of Youngsville, who has been in charge of these banks since the inception of the several receiverships, has resigned as Receiver. At June 30, 1934, the Statement of Condition of the Warren receivership indicates that dividends aggregating 59 per cent or $511,250.22 was paid to depositors and cash in the amount of $48,019.51 is available for future dividends. The remaining uncollected assets aggregate a total of $607,376.27. At June 30, 1934, the Statement of Condition of the Wilcox receivership indicates that dividends aggregating 83 per cent or $193,331.46 was paid to depositors and cash in the amount of $12,963.37 is available for future dividends. The remaining uncollected assets aggregate a total of $29,043.47. Lensing was appointed Receiver of the Brockway and Youngsville receiverships for the purpose of collecting stock assessments. Since coming to Warren Mr. Lensing and his family have made a host of friends who join in the general expression of regret that is heard over the announcement. Mr. Lensing has made an enviable record in the handling of the affairs of the banks, his achievements being a credit to himself and those who were responsible for his coming to Warren.

3. August 16, 1934 Warren Times Mirror Warren, PA

Article Text

F. Wm. Lensing, National Bank Receiver, in charge of the Citizens National Bank, Warren, Wilcox National Bank, Wilcox, First National Bank of Brockway, and the First National Bank of Youngsville, who has been in charge of these banks since the inception of the several receiverships, has resigned as Receiver. At June 30, 1934, the Statement of Condition of the Warren receivership indicates that dividends aggregating 59 per cent or $511,250.22 was paid to depositors and cash in the amount of $48,019.51 is available for future dividends. The remaining uncollected assets aggregate a total of $607,376.27. At June 30, 1934, the Statement of Condition of the Wilcox receivership indicates that dividends aggregating 83 per cent or $193,331.46 was paid to depositors and cash in the amount of $12,963.37 is available for future dividends. The remaining uncollected assets aggregate a total of $29,043.47. Lensing was appointed Receiver of the Brockway and Youngsville receiverships for the purpose of collecting stock assessments. Since coming to Warren Mr. Lensing and his family have made a host of friends who join in the general expression of regret that is heard over the announcement. Mr. Lensing has made an enviable record in the handling of the affairs of the banks, his achievements being a credit to himself and those who were responsible for his coming to Warren.

4. August 17, 1934 The Kane Republican Kane, PA

Article Text

LENSING RESIGNS AS BANK RECEIVER F. William Lensing, national bank receiver in charge of the Citizens Na tional bank. Warren: Wilcox National bank, Wileox: First National bank, of Brockway, First National bank in Brockway and the First National bank of Youngsville, who has been Its charge of these banks since inception of the several receiverships, has re signed as receiver. At June 30, 1934, the statement of condition of Warren receivership indi cates that dividends aggregating 59 per cent, or $511,250.22 was paid to depositors and cash in the amount of $48,019.51 is available for future dividends. The remaining uncollected as sets aggregate total of $607,376.27. At June 30, 1934, the statement of condition of the Wilcox receivership indicates that dividends aggregating 83 per cent or $193,331 46, were paid to depositors and cash in the amount of $12,963.37 is available for future dividends. The remaining uncollected assets aggregate total of $29,043.47 Lensing was appointed receiver of the Brockway and Youngsville receiverships for the purpose of collecting stock assessments. Lensing was connected with the in solvent division of the office of the comptroller of the currency for eleven years, and during that time liquidated banks in Texas, Arkansas and Illinois, in addition to the Pennsylvania receiverships.

5. August 18, 1934 Pittsburgh Post-Gazette Pittsburgh, PA

Article Text

Resigns as Receiver WARREN, Aug. William Lensing, national bank receiver, charge of the Citizens National Bank, Warren; Wilcox National Bank, Wilcox; First National Bank of Brockway, First National Bank in Brockway and First National Bank of Youngsville, who been charge of these banks since the inception of the several receiverships, has resigned as receiver.