First National Bank (Mamaroneck, NY)

Episode Information

Episode UID
1359201597
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
135920 national
Charter Number
13592
Start Date
January 16, 1933
Location
Mamaroneck, New York (40.949, -73.733)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a74deb8565f554e0

Response Measures

None

Receivership Details

Depositor recovery rate
5.0%
Date receivership started
1933-01-16
Share of assets assessed as good
6.9%
Share of assets assessed as doubtful
84.8%
Share of assets assessed as worthless
8.3%

Description

Bank was placed in receivership (closed) Jan 1933 and remained closed; subsequent articles describe receiver actions and litigation.

Events (9)

1. January 15, 1932 Chartered
Source
historical_nic
2. January 16, 1933 Receivership
Source
historical_nic
3. January 16, 1933 Receivership
Newspaper Excerpt
Hiram E. Meeker, receiver of the insolvent First National Bank in Mamaroneck, closed since last January.
Source
newspapers
4. June 10, 1933 Other
Newspaper Excerpt
Closed Bank Receiver Enters $15,000 Suit
Source
newspapers
5. August 22, 1934 Other
Newspaper Excerpt
Attorney for Bank Receiver Asks Court Permission To Trade Property
Source
newspapers
6. September 17, 1934 Other
Newspaper Excerpt
Depositors Combine To Seek Information ... formed 'Depositors' Association of Mamaroneck' concerning the closed institution.
Source
newspapers
7. October 17, 1934 Other
Newspaper Excerpt
BANK RECEIVER SEES LITTLE AID FROM RFC FOR CLOSED COMPANY
Source
newspapers
8. October 26, 1934 Other
Newspaper Excerpt
Mamaroneck Receiver Appoints Advisory Council of 9 Residents to Aid Him
Source
newspapers
9. October 29, 1934 Other
Newspaper Excerpt
EMPTY BANK BUILDING WILL BE OFFERED TO COUNTY TRUST GROUP ... receiver has offered to rent quarters in the building of the closed bank.
Source
newspapers

Newspaper Articles (11)

Article Text

Closed Bank Receiver Enters $15,000 Suit Special to The Herald Statesman NEW YORK, June 10.-Hiram E. Meeker, receiver of the insolvent First National Bank in Mamaroneck, closed since last January. yesterday filed suit for $15,000 against the eight directors of the bank. The suit alleges that the eight defendants are owners of 150 shares of capital stock of the bank, each share with a par value of $100, and that the receiver is entitled to the full amount.


Article from The Key West Citizen, August 8, 1934

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Article Text

FEDERAL RESERVE BANK OF NEW YORK and HIRAM E. MEEKER, as Receiver of FIRST NATIONAL BANK IN MAMARONECK, ...


Article from The Key West Citizen, August 15, 1934

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Article Text

SUMMONS SUPREME COURT OF THE STATE OF NEW YORK, WESTCHESTER COUNTY. FEDERAL RESERVE BANK OF NEW YORK and HIRAM E. MEEKER, as Receiver of FIRST NATIONAL BANK IN MAMARONECK, Plaintiffs,


Article from The Key West Citizen, August 22, 1934

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Article Text

FEDERAL RESERVE BANK OF NEW YORK and HIRAM E. MEEKER, as Receiver of FIRST NATIONAL BANK IN MAMARONECK, Plaintiffs,


Article Text

Mamaroneck Bank Receiver Pleads For Exchange The Associated Press NEW YORK, Aug. and business men of Mamaroneck, Henry H. Hornincluding edge, attended court hearing yesmotion by the of the First National Bank of Mamaroneck for trade the bank building for real estate Rye owned by Howard Ardrey, former New York banker. The hearing was before Federal Judge George Murray. The Reconstruction Finance Corporation holds $200,000 mortgage against the bank building. The bank property was described elephant" Humphrey former Supreme Court Lynch, Justice and counsel for the reHe urged that the court ceiver. approve the proposed exchange The bank building, property. said, was too large and poorly cated. Fred H. Rubin, lawyer and depositor in the First National Bank, which closed, opposed the proposed exchange, calling it absurdity.'


Article Text

BUILDING TERMED WHITE ELEPHANT Attorney for Bank Receiver Asks Court Permission To Trade Property NEW YORK, Aug. 22 Residents business men of Mamaroneck including Henry Hornedge. attended court yesterday on motion by receiver the First National Bank of Mamaroneck for authority to trade the bank building for real estate in Rye and mortgage owned by Howard Arformer New York banker The hearing was before Federal Judge George Murray The Re construction Finance Corporation holds mortgage against the building The bank property described "white elepnant Humphrey Lynch, former Court and for the receiver He urged that the court approve the exchange property. The back building. he poorly cated. Fred H. Rubin. and depositor National Bank. which the proposed exchange, calling it absurdity.


Article from The Key West Citizen, September 5, 1934

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Article Text

# SUMMONS SUPREME COURT OF THE STATE OF NEW YORK, WESTCHESTER COUNTY. FEDERAL RESERVE BANK OF NEW YORK and HIRAM E. MEEKER, as Receiver of FIRST NATIONAL BANK IN MAMARONECK, Plaintiffs,


Article Text

Depositors Combine To Seek Information Special Herald MAMARONECK, Sept. 17. A move that may in an investigation into the activities of the officers and of the First National Bank in Mamaroneck before the defunct institution closed 20 months ago is under way today as the result of mass meeting of about 400 depositors. After an address by Dudley A Wilson, chairman of the depositors committee of the closed Pelham National Bank, of which nine officers and directors have been indicted, the meeting formed itself into the 'Depositors' Association of Mamaroneck' which has for its objective the obtaining of "all available information on the condition the local bank. Hurlbert McAndrew, local attorney, who played leading part in the move to prevent Bank Receiver H. E. Meeker from selling the $460,000 bank building to Howard Ardrey of Rye in exchange for property appraised at $100,000 that Ardrey owns in Rye, is chair man of the appointed by the to act as its agent in all bank matters.


Article Text

BANK RECEIVER SEES LITTLE AID FROM RFC FOR CLOSED COMPANY MAMARONECK, Oct. 17. β€” An opinion that the five-year extension decreed on Reconstruction Finance Corporation loans does not apply in the case of closed banks, has been expressed by H. E. Meeker, receiver in charge of liquidating the First National Bank here. COMMUNIST SEIZED YONKERS, Oct. 17.β€”Harry Bristol, a member of the Communist Party, was arrested for disorderly conduct when found distributing handbills advertising a party rally.


Article Text

SPED ON DEFUNCT BANK Mamaroneck Receiver Appoints Advisory Council of 9 Residents to Aid Him MAMARONECK, Oct. ceiver H. E. Meeker of the closed First National Bank in Mamaroneck announced today that he has named an advisory council of nine representative residents. None of those named had any connection with the financial insti tution before it closed outside the fact they were substantial depositors. The group will cooperate with Mr. Meeker to speed liquidation of the bank. which has been closed nearly two years and still shows no prospect of paying dividend. REACH A BUYER Call New Rochelle 7200 and place an ad in the Classified Section of THE


Article Text

EMPTY BANK BUILDING WILL BE OFFERED TO COUNTY TRUST GROUP MAMARONECK Oct. Under the leadership of Mayor Henry T. Hornidge movement was on foot here today to have the County Trust Company, which has filed an application to open branch in this village, establish it in the idle banking quarters in the First National Bank building. Receiver H. E. Meeker has already offered to the County Trust the opportunity of renting quarters in the building of the closed bank.