Newspapers (May 2–3, 1906) report application/appointment of a receiver for the Monongahela Valley Bank of Duquesne; no mention of a depositor run. Suspension/receivership appears driven by official action (attorney general's department), so classified as suspension leading to closure/receivership.
Events (2)
1.May 2, 1906Receivership
Newspaper Excerpt
At Harrisburg a receiver was appointed for the Monongahela Valley Bank of Duquesne. ... The affairs of the Monongahela Valley Bank were in process of liquidation. A representative of the State Banking Department has had charge for the last two months. McQuaide made an assignment for the benefit of creditors several weeks ago. It is said the depositors of both institutions will be paid in full. (New-York Tribune, May 3, 1906).
Source
newspapers
2.May 2, 1906Suspension
Cause
Government Action
Cause Details
Attorney general's department at Harrisburg applied for a receiver in Dauphin County court; bank alleged insolvent and state representative had charge prior to appointment.
Newspaper Excerpt
application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver for the Monongahela Valley Bank of Duquesne.
Source
newspapers
Newspaper Articles (10)
1.May 3, 1906New-York TribuneNew York, NY
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Article Text
NATIONAL BANK CLOSED. President, a Well Known Pittsburg Lawyer, Missing. (By Telegraph to The Tribune.] Pittsburg, May 2.-The Delmont National Bank, at Delmont, Westmoreland County, was closed to-day by the United States Bank Examiner. At Harrisburg a receiver was appointed for the Monongahela Valley Bank of Duquesne. Joseph R. McQuaide, a Pittsburg lawyer, is president of the Delmont bank and vicepresident of the Monongahela Valley Bank. He left this city on Tuesday of last week, saying he was going to Chicago. He has not been heard of since. The affairs of the Monongahela Valley Bank were in process of liquidation. A representative of the State Banking Department has had charge for the last two months. McQuaide made an assignment for the benefit of creditors several weeks ago. It is said the depositors of both institutions will be paid in full.
Two Banks Go Under. PITTSBURG. May 3.-National Bank Examiner Cunningham closed the Delmont National bank of Delmont, Westmoreland county, Pa., and application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver for the Monongahela Valley bank of Duquesne.
3.May 3, 1906Gloucester County DemocratWoodbury, NJ
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Article Text
TWO BANKS CLOSED Two Institutions of James McQuaide Said to Be Insolvent. Pittsburg, May 3.-At the instance of the comptroller of the currency, National Bank Examiner John B. Cunningham closed/the Delmont National Bank at Delmont, Westmoreland county, Pa., of which James McQuaide, of this city, is president, and almost at the same time the attorney general's department at Harrisburg made application to the Dauphin county court for the appointment of a receiver for the Monongahela Valley Bank of Duquesne, which is alleged to be insolvent. Mr. McQuaide is vice president of the Monongahela bank, and also has been conducting a chain of amusement enterprises about the country which consist mainly of merry-go-rounds. He made an assignment recently for the benefit of his creditors, with the Mercantile Trust company of this city as assignees. The Delmont bank has a capital stock of $25,000 and deposits of about $75,000. The Monongahela Valley - Bank had a capital stock of $50,000. The only cause assigned for the action of the comptroller of the currency is that Mr. McQuaide is absent from the city. It was announced that he went to Chicago a week ago.
Two Banks Go Under. PITTSBURG. May 3.-National Bank Examiner Cunningham closed the Delmont National bank of Delmont, Westmoreland county. Pa., and application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver for the Monongahela Valley bank of Duquesne.
5.May 3, 1906The Birmingham Age-HeraldBirmingham, AL
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Article Text
tion was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver of the Monongahela Valley bank of Duquesne. James McQuade, an attorney of this city, who recently made an assignment of an amusement enterprise, was president of the Delmont and vice president of the Monongahela Valley bank. He is absent from the city,
BANK CLOSED Receiver Appointed for the Delmont National Bank. of Delmont, W. Va. Pittsburg, Pa., May 2.-National Bank Examiner Cunningham today closed the Delmont National Bank, of Delmont, Westmoreland county, Pennsylvania, and application was made in the Dauphin county court by the attorney general's department at Harrisburg for a receiver of the Monongahela Valley Bank of Duquesne. James McQuade, an attorney of this city. who recently made an assignment of an amusement enterprise, was president of the Delmont and vice president of the Monongahela Valley Bank. He is absent from the city. The Delmont bank has a capital stock of $25,000 and deposits of about $75,000. The Monongahela Valley Bank had a capital stock of $50,000
7.May 4, 1906Iowa State BystanderDes Moines, IA
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Article Text
TWO BANKS HAVE TROUBLE National and State Institutions, Controlled by Pittsburg Man Are Closed. Pittsburg, Pa.-National Bank Examiner John B. Cunningham Wednesday closed the Delmont National bank at Delmont, Pa., of which James McQuaide, of this city, is president, and almost at the same time the attorney general's department at Harrisburg made application to the Dauphin county court for a receiver for the Monongahela Valey bank of Duquesne, which is alleged to be insolvent. Mr. McQuaide is vice president of the Monongahela bank and also has been conducting a chain of amusement enterprises about the country, which consists mainly of merry-go-rounds.
8.May 5, 1906Democratic MessengerSnow Hill, MD
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Article Text
TWO BANKS CLOSED Two Institutions of James McQuaide Said to Be Insolvent. Pittsburg, May 3.-At the instance of the comptroller of the currency, National Bank Examiner John B. Cunningham closed the Delmont National Bank at Delmont, Westmoreland county. Pa., of which James McQuaide, of this city, is president, and almost at the same time the attorney general's department at Harrisburg made application to the Dauphin county court for the appointment of a receiver for the Monongahela Valley Bank of Duquesne, which is alleged to be insolvent. Mr. McQuaide is vice president of the Monongahela bank, and also has been conducting a chain of amusement enterprises about the country which consist mainly of merry-go-rounds. He made an assignment recently for the benefit of his creditors. with the Mercantile Trust company of this city as assignees. The Delmont bank has a capital stock of $25,000 and deposits of about $75,000. The Monongahela Valley Bank had a capital stock of $50,000. The only cause assigned for the ac. tion of the comptroller of the currency is that Mr. McQuaide is absent from the city. It was announced that he went to Chicago a week ago.
9.May 9, 1906The Columbus JournalColumbus, NE
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Article Text
TWO BANKS HAVE TROUBLE National and State Institutions, Controlled by Pittsburg Man Are Closed. Pittsburg, Pa.-National Bank Examiner John B. Cunningham Wednesday closed the Delmont National bank at Delmont, aa,, of which James McQuaide, of this city, is president, and almost at the same time the attorney general's department at Harrisburg made application to the Dauphin county court for a receiver for the Monongahela Val.ey bank of Duquesne, which is alleged to be insolvent. Mr. McQuaide is vice president of the Monongahela bank and also has been conducting a chain of amusement enterprises about the country, which consists mainly of merry-go-rounds.
10.May 19, 1906The Diamond DrillCrystal Falls, MI
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Article Text
Two Banks in Trouble. Pittsburg, Pa.-National Bank Examiner John B. Cunningham Wednesday closed the Delmont National bank at Delmont, Pa., of which James McQuaide, of this city, is president, and almost at the same time the attorney general's department at Harrisburg made application to the Dauphin county court for a receiver for the Monongahela Valey bank of Duquesne, which is alleged to be Insolvent. Mr. McQuaide is vice president of the Monongahela bank and also has been conducting a chain of amusement enterprises about the country, which consists mainly of merry-go-rounds.
