Article Text
TWO BANKS SUSPENDED. (Associated Press Cable to The Star.) PITTSBURG, January 22.-The Traders & Mechanics Bank and The Treasury Trust Company of this city have suspended.
Treasury Trust Company (Pittsburg, PA)
Episode Information
- Episode UID
1578775791297- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Bank ID
-
157877579hash - Start Date
- January 22, 1908
- Location
- Pittsburg, Pennsylvania (40.441, -79.996)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
57a60663c3b1e7fa
Response Measures
None
Events (1)
1.
January 22, 1908
Suspension
- Cause
- Government Action
- Cause Details
- Closed by order of the State Banking Commissioner and temporary receiver after inability to make clearings and maintain reserve.
- Newspaper Excerpt
- Closed by order of State Banking Commissioner James L. White, temporary receiver.
- Source
- newspapers
Newspaper Articles (12)
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Article Text
PITTSBURG BANK QUITS. Traders and Mechanics' Closes Its Doors-Receiver's Statement. PITTSBURG, January 22.-The Traders and Mechanics' Bank, a state institution with a capital of $100,000. closed its doors today. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust Company, a subsidiary. occupying the same building, at 4th avenue and Market street. was also closed. Some time ago the trust company made preparations to absorb the bank. but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Re. ceiver White says, the depositors will be paid in full.
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PITTSBURG BANK AND TRUST COMPANY CLOSE. Institutions Will Pay Depositors in Full, Declares Receiver White. PITTSBURG, Pa., Jan. 22.-The Traders' and Mechanics' Bank, a State inetitution, with a capital of $100,000, closed its doors today. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust Company, a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the State Banking Department. The plan was then reversed, and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White. the trouble results from the inability to make clearings and maintain its reserve. From present conditions Receiver White says the depositors will be paid in full.
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TWO SMALL PITTSBURG BANKS CLOSE DOORS Pittsburg, Pa., Jan. 22.-The Traders and Mechanics Bank, a small institution here, was closed today by the state bank examiner. The Treasury Trust Company, a subsidiary of this bank, was also closed. James T. White, temporary receiver of the bank said the trouble resulted from an inability to make clearings and maintain a reserve. The indications he said. are that the depositors will be paid in full.
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STATE BANK FAILS. Inability to Make Clearings and Maintain Reserve Given as Cause, Pittsburg, Pa., Jan. 22.-The Traders' and Mechanics' bank, a state institution, was closed today by the state bank examiner. The Treasurer Trust company, a subsidiary of the bank, was also closed. James L. White, temporary receiver for the bank, said the trouble results from inability to make clearings and maintain the resrve. The indications, he said, are that the depositors will be paid in full. The last statement of the bank showed deposits and certified checks of nearly half a million dollars.
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PITTSBURG BANK FAILS. Traders and Mechanics', State Institution, Capital $100,000. Pittsburg, Jan. 22-The Traders and Mechanics' bank, a state institution, was closed today by the bank examiners. The Treasury Trust company a subsidiary, occupying the same building was closed, but voluntarily, it is said. The Traders and Mechanics' bank had a capital of $100,000. It was closed by order of James L. White, as temporary receiver. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank but no official announcement had been made. According to Received White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says, the depositors will be paid in full.
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PITTSBURG INSTITUTIONS CLOSED. Traders and Mechanics' Bank and Its Subsidiary, the Treasury Trust Company. Pittsburg, Jan. 22. - The Traders and Mechanics' Bank, a state institution with a capital of $100,000, closed its doors to-day. The following notice was posted: "Closed by order of State Banking Commissioner James L. White, temporary receiver." The Treasury Trust Company, a subsidiary, occupying the same building, at Fourth avenue and Market street, was also closed. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the State Banking Department. The plan was then reversed, and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Mr. White, the trouble results from the inability of the bank to make clearings and maintain its reserve.
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PITTSBURG BANK FAILS. The Traders and Mechanics Bonk Closes Its Doors. Pittsburg. Jan. 28.-The Traders and Mechanics Bank, a state institution with a capital of $100,000, closed its doors today. The following notice was posted upon the door: "Closed by order of State Banking Commissioner James L White, temporary receiver." The Treasury Trust Company, a subsidiary company, occupying the same building at Fourth Avenue and Market Street, was also closed. Some time ago the trust company made preparations to absorb the bank but permission was refused by the State Banking Department. The plan was then reversed and the trust company had been practically taken over by the bank but no official announcement had been made. According to Temporary Receiver White, the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions, Receiver White says the depositors will be paid in full.
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ANOTHER BANK SUSPENDS. PITTSBURG, January 22.-The Traders and Mechanics Bank and the Treasury Trust Company have suspended. -
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Pittsburg Bank Fails. Pittsburg, Jan. -The Traders and Mechanics' bank, a state institution, with a capital of $100,000. closed its doors, and James L. White was appointed temporary receiver. The Treasury Trust company. a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed.
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PITTSBURG BANK CLOSED. Subsidiary Trust Company Also Suspends Business. Pittsburg, Jan. 23.-The Traders and Mechanics' bank, a state institution, has been closed by the state bank examiners. The Treasury Trust company, a subsidiary, occupying the same building, also closed, but voluntarily, it is said. Some time ago the trust company made preparations to absorb the bank, but permission was refused by the state banking department. The plan was then reversed and the trust company had been practically taken over by the bank, but no official announcement had been made. According to Temporary Receiver White the trouble results from the inability of the bank to make clearings and maintain its reserve. From present conditions Receiver White says the depositors will be paid in full.
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Article Text
PITTSBURG BANK FAILS; DEPOSITORS TO GET ALL. Traders and Mechanics' and a Subsidiary Trust Company Closed. Pittsburg, Jan. 23.-The Traders' and Mechanics' bank a state institution with a capital of $100,000, closed its doors yesterday, and James L. White was appointed temporary receiver. The Treasury Trust company, a subsidiary, occupying the same building at Fourth avenue and Market street, was also closed. Accordling to Mr. White the trouble results from the inability of the bank to make clearings and maintain its reserve. The depositors probably will be paid in full.