14223. Orange National Bank (Orange, NJ)

View Charter #1317 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1317
Charter Number
1317
Start Date
June 1, 1934*
Location
Orange, New Jersey (40.771, -74.233)

Metadata

Model
gpt-5-mini
Short Digest
06f760c3

Response Measures

None

Receivership Details

Depositor recovery rate
74.4%
Date receivership started
1933-12-19
Date receivership terminated
1940-12-31
Share of assets assessed as good
36.8%
Share of assets assessed as doubtful
54.9%
Share of assets assessed as worthless
8.3%

Description

Articles (Jun and Oct 1934) explicitly state the Orange National Bank was in receivership / in the hands of a receiver. No mention of a depositor run or suspension prior to receivership in the provided texts. Classified as suspension_closure because the bank is closed and a receiver is assigned. Minor OCR fixes: punctuation and spacing corrected in article excerpts.

Events (3)
1. June 21, 1865 Chartered
Source
historical_nic
2. December 19, 1933 Receivership
Source
historical_nic
3. June 1, 1934* Receivership
Newspaper Excerpt
Orange National Bank now in receivership
Source
newspapers

Newspaper Articles (2)
1. June 30, 1934 The Afro-American Baltimore, MD
Article from The Afro-American, June 30, 1934

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Article Text

BANK RECEIVER SUES DR. BUNCE ORANGE. N.J. chapter in the marital difficulties of Dr. Vernon F. Bunce. local dentist. was recorded last week when suit was instituted in the U.S. District Court by the Orange National Bank now in receivership, against Dr. Bunce and Dr. Walter The action for which, according to the petition. represents the amount due on promissory note made by Dr. Bunce and endorsed by Dr. Alexander several years ago when Bunce opened equipped his dental office. Recently when Dr. Bruce. who is well known as tennis player. sought to secure possession of his son through habeas corpus proceedings in Pittsburgh he testified under oath that his income month was more than and his net after paying all overhead and personal expenses was from $90 to $110.

2. October 18, 1934 The Northwest Enterprise Seattle, WA
Article from The Northwest Enterprise, October 18, 1934

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Article Text

Jersey Dentist Broke ORANGE, N, J, - Dr. Vernon Bunce, prominent Orange dentist, who was recently sued by the Orange National Bank, now in the hands of a receiver for $1,244, representing the unpaid balance on the taxes, has filed a petition in voluntary bankruptcy.