First National Bank (Wilkinsburg, PA)

Episode Information

Episode UID
1382301607
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
138230 national
Charter Number
13823
Start Date
November 15, 1933
Location
Wilkinsburg, Pennsylvania (40.442, -79.882)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a20d22bfdf582366

Response Measures

None

Events (3)

1. November 2, 1933 Chartered
Source
historical_nic
2. November 15, 1933 Reopening
Newspaper Excerpt
Throngs of depositors and others jammed the ... lobby of Wilkinsburg's new bank, successor to the First National of Wilkinsburg, when it opened for business yesterday, making more than $2,000,000 in deposits available to approximately 12,000 depositors.
Source
newspapers
3. * Suspension
Cause Details
Bank had been closed and reorganized; deposits were partially secured and released upon reopening
Newspaper Excerpt
successor to the First National of Wilkinsburg, when it opened for business yesterday
Source
newspapers

Newspaper Articles (2)

Article Text

WILKINSBURG'S REORGANIZED BANK REOPENS Throngs Visit First National; Patrons List Rises. $2,000,000 IS RELEASED Plans Progress for Reopening of Sharpsburg Depository. Throngs of depositors and others jammed the flower-banked lobby of Wilkinsburg's new bank, successor to the First National of Wilkinsburg, when it opened for business yesterday, making more than $2,000,000 in deposits available to approximately 12,000 depositors. "The opening celebration was very gratifying in every respect and very little cash was withdrawn, while many were re-depositing," L. E. Husemen, vice president and cashier, said last night. "Floral tributes from other banks and or- LIQUOR BILL AMENDMENTS HELD CERTAIN Extensive Revision In House Is Faced By Pinchot Plan. UP AGAIN MONDAY Governor Is Reported As Demanding That Stores Must Be Accepted. (Continued From Page One) tax, increased fees for breweries and distilleries, and the bringing of high-alcohol beer under the provisions of the earlier beer control and tax bills—which had specified 3.2 per cent alcohol—passed the House on second reading this morning. They are expected to pass on third reading and finally tomorrow morning at 11:30 when the House will meet for the last time this week. The McClure liquor control bill passed on first reading today, making it ready for amendment, and that's as far as it will go until Monday. That was agreed at yesterday's Republican House conference when a threatened split was averted only by postponement of the discussion until Monday. A number of the features of the McClure bill are being assailed, in addition to the state stores provision. One of these is the portion permitting the retail sale of liquor by hotels, clubs, and restaurants only from 12 noon to 12 midnight. Another is the stipulation that hotels must have 15 rooms, which would virtually bar sales in a number of the state's smaller communities.


Article Text

WILKINSBURG'S REORGANIZED BANK REOPENS Throngs Visit First National; Patrons List Rises. $2,000,000 IS RELEASED Plans Progress for Reopening of Sharpsburg Depository. Throngs of depositors and others jammed the flower-banked lobby of Wilkinsburg's new bank, successor to the First National of Wilkinsburg, when it opened for business yesterday, making more than $2,000,000 in deposits available to approximately 12,000 depositors. "The opening celebration was very gratifying in every respect and very little cash was withdrawn, while many were re-depositing," L. E. Husemen, vice president and cashier, said last night. "Floral tributes from other banks and organizations, lending a festive spirit to the occasion, were greatly appreciated." George P. Craig, attorney for the bank, explained that each of the depositors would be notified by mail when to appear to receive a 50 per cent payment. Sharpsburg Plan Progresses. Consent of about 60 per cent of depositors has been obtained for reorganization of the Farmers & Mechanics Bank of Sharpsburg, according to R. A. Burkhart, cashier. The plan calls for chartering a new bank to be known as the Farmers & Merchants Bank of Sharpsburg, with a total capitalization of $155,000. Slightly more than 55 per cent of all deposits would be released immediately upon opening of the new bank, and the other 45 per cent would be secured by assets of the old bank. Deposits less than $25 would be released in full. James C. Chaplin, president of the Colonial Trust Company, who has been appointed to the Federal Appraisal Board, is to recommend to the Reconstruction Finance Corporation what loans shall be advanced by the RFC to help closed state banks closed since the first of the year in this district.