Cashier discovered to have embezzled roughly $25,000–$45,000; bank doors were kept closed temporarily (to forestall a run) so officials could explain that the shortage was covered by insurance. No run is reported and no receivership or permanent closure is mentioned; indicates a temporary closure with reopening.
Events (1)
1.May 4, 1931Suspension
Cause
Bank Specific Adverse Info
Cause Details
State banking officials announced a shortage of approximately $25,000–$45,000 in the bank's accounts (embezzlement by cashier Howard C. Pedrick); doors kept closed temporarily to explain coverage by insurance and avert panic.
Newspaper Excerpt
Fearing a run on the bank by depositors, the doors were not opened today in order to give the officials time to explain to the depositors that the shortage is covered by insurance.
Source
newspapers
Newspaper Articles (10)
1.May 4, 1931The Cleveland PressCleveland, OH
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BANK CASHIER SHORT, KILLS WIFE AND SELF
Conshohocken National Officer was Shy $45,000 in Accounts By United Press CONSHOHOCKEN, Pa., May Howard C. Pedrick, 40, cashier of the Conshohocken First National Bank, choked his wife to death in their home here today, then went to their garage where he shot and killed himself. State banking officials announced that shortage of $45,000 was found in the accounts of the bank. Fearing a "run" on the bank by depositiors, the doors were not opened today in order to give the officials time to explain to the depositors that the shortage is COVered by insurance.
2.May 4, 1931The Evening StandardUniontown, PA
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Man Shoots Wife, Then Suicides; Shortage In Accounts Reason
(By United Press) CONSHOHOCKEN, Pa. May Howard C. Pedrick, 40. cashier of the Conschohocken First National bank chocked his wife to death in their home today and then went to their garage where he shot and killed himself, police reported.
State banking officials announced that a shortage of about $25,000 was lound in the accounts of the bank Fearing a run on the bank by deposifors, the doors were not opened today in order to give officials time to explain that the shortage is covered by
3.May 4, 1931The Waterbury DemocratWaterbury, CT
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CASHIER KILLED WIFE AND THEN TOOK OWN LIFE He Was Short $45,000 in His Accounts and Had Been Discharged From Position Saturday Conshohocken, Pa, May 4-(UP) --Howard C. Pedrick, 40, cashier of the Conshohocken First National Bank, choked his wife to death in their home here to-day. then went to their garage where he shot and killed himself, police reported. State banking officials announced that a shortage of approximately $45,000 was found in the accounts of the bank. Fearing a "run" on the bank by depositors, the doors were not opened to-day in order to give the officials time to explain to the depositors that the shortage is covered by insurance. Pedrick had been employed at the bank for 23 years and during the past three years he has been cashier. The body of Mrs Pedrick was found in her bed by a nurse, Matilda Allen. The nurse notified authorities who found Pedrick's body in the back seat of his car in the garage. A handkerchief had been stuffed in Mrs Pedrick's mouth and a silk stocking was wrapped about her throat. H. B. Davenport. upon opening opening the First National Bank a few hours late to-day issued a statement in which it was said that Pedrick had embezzled approximately $45,000 from the institution, all covered by insurance. A federal bank examiner had found the shortage in Pedrick's account and bank officials Saturday discharged the cashier. However, no announcement of the embezzlement was made at that time.
4.May 4, 1931The Courier-NewsBridgewater, NJ
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Cashier, Short, Kills Wife,
Conshohocken, ard Pedrick, 40, cashier of the Conshohocken First National Bank, choked wife death their home here today, then went their garage shot and killed himbanking announced shortage $45,000 found in accounts the Fearing "run" on the bank by depositors, the doors opened today order give officials time explain the positors that the shortage COVered insurance. Pedrick had been employed bank for 23 years during past three years he has been cashier.
5.May 4, 1931Middletown Times HeraldMiddletown, NY
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Bank Cashier Short in Accounts Chokes Wife And Commits Suicide
C. Pedrick CONSHOHOCKEN, of the Conshohocken First National Bank, choked his wife to to their garage then went their home here death in himself. police reported. shot and killed where he
State banking officials announced of approximately that shortage found in the accounts of bank. bank by "run" on the Fearing depositors. the doors were no: opentoday in order to give the depositors officials explain to the time that the shortage is covered by insurance. Pedrick had been employed at the bank three he has the past years curing cashier. Mrs. Pedrick The body of found in her bed nurse, Matilda notified authorities who The nurse in the back ment found Pedrick's body his in the garage of handkerchief had been stuffed In Mrs Pearles's mouth and he: wrapped about stocking was throat Davenport, upon opening hours National few later the First today issued statement has said that Pedrick which approximately from the institution all covered by federal bank examiner had found the shortage Pedrick's account and bank officials Saturday However. announcement of the was made at that
6.May 4, 1931The Piqua Daily CallPiqua, OH
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SHORTAGE IS FOUND ON BOOKS
Worry Over Defalcations Likely Cause of Double Tragedy Today.
RUN ON BANK IS AVERTED.
Doors Not Opened in Order to Explain to Depositors, Loss is Covered.
Conshohocken, Pa., May 4 (U.P.) Howard C. Pedrick, 40, Cashier of the Conshohocken First National Bank, choked his wife to death in their home here today. then went to their garage where he shot and killed himself, police reported. State banking officials announced that shortage of approximately $45,000 was found in the accounts of the bank. Fearling a "run" on the bank by depositors, the doors were not opened today in order to give the officials time to explain to the depositors that the shortage 18 covcred by Insurance. Pedrick had been employed at the bank for 23 years and during
7.May 4, 1931The Brooklyn Daily TimesBrooklyn, NY
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G. 0. P. LEADERS ASK BANKER KILLS WIFE HOOVER FOR W R K AND SELF; A CCOUNTS AT BORO NAVY YARD ARE
Job of Conditioning the Idaho Sought for Local Plant.
Washington. May Republican leaders of Brooklyn, N. called upon President Hoover today to urge that recorditioning of the battleship Idaho be done at the Brooklyn Navy Yard. The delegation was composed of F. J. H. Kracke, appraiser of the port. Walter E. Corwin, collector of Internal revenue and Charles Lockwood. chairman of the Republican county committee
Murder and Suicide Close Institution Temporarily.
Conshocken Pa., May How ard C. Pedrick. 40. cashier of the Conshohocken First National Bank choked his wife to death in their home here today then went to their garage where he shot and killed himself. police reported. State banking announced shortage of approximately $45.000 was found in accounts of the bank. Fearing "run" on the bank by depositors, the Goors were not opened today order to give the officials time to explain to the depositors that the shortage is COVered by insurance. Pedrick had been employed at the bank for 23 years and during the past three years he has been cashier.
8.May 4, 1931The Brooklyn Daily TimesBrooklyn, NY
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BANKER KILLS WIFE AND SELF: ACCOUNTS ARE $45,000 SHORT
Murder and Suicide Close Institution Temporarily. cashier Conshohoc First National Bank choked wife to death in their home here went to their garage he and killed him police shortage of approximately $4 was found in the accounts of the Fearing a "run the bank by the doors not ened today in to give the positors that the shortage is insurance Pedrick had employed the bank for years during the past three he has been
9.May 4, 1931The Cincinnati PostCincinnati, OH
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DUAL TRAGEDY
Cashier and Wife Die as Bank Tangle Is Bared
By United Press CONSHOHOCKEN, PA. May 4.Howard C. Pedrick, 40, cashier of the Conshohocken First National Bank, choked his wife to death in their home here today then went garage, where he shot and killed himself. State banking officials announced shortage of $45,000 was found in the bank's accounts Fearing run the bank by depositors the doors not opened today to give officials time to explain that the shortage is covered by insurance Pedrick had been employed 23 years.
10.May 5, 1931The Courier-NewsBridgewater, NJ
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Cashier, Kills Short, Self Wife,
(U.P.) ard Pedrick, 40, cashier of the Conshohocken First National Bank, choked death in their home yesterday, then went to their garage shot and killed himpolice State banking officials announced shortage of approximately $45,000 found in the accounts the bank. Fearing "run" on the bank depositors, the doors were opened today in order give the officials time explain positors the shortage is ered Pedrick employed at the bank for years during past three years he has been cashier.
