Comptroller-appointed receiver for First National Bank (and Citizens National) in mid-October 1933; no articles describe a depositor run. The appointment indicates government action/closure and subsequent receivership and litigation by the receiver in 1934.
Events (5)
1.November 17, 1892Chartered
Source
historical_nic
2.January 10, 1933Receivership
Source
historical_nic
3.October 17, 1933Receivership
Newspaper Excerpt
Announcement was made today of the appointment of Charles E. Ketterer ... as the receiver for the Citizens National and the First National Banks of Ellwood City. ... Ketterer takes over the work of the receivership ... on 18 . (publication Oct. 17, 1933).
Source
newspapers
4.October 18, 1933Suspension
Cause
Government Action
Cause Details
Comptroller of the Currency signed appointment of a receiver and took the banks into receivership/closed them at close of business October 18, 1933.
Newspaper Excerpt
Mr. Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
Source
newspapers
5.November 2, 1934Other
Newspaper Excerpt
Ketterer, receiver of the First National bank of Ellwood City, has bought suit ... to secure judgment against Birchard on stock assessment liabilities ... Mr. Ketterer declared that other results will soon follow.
Source
newspapers
Newspaper Articles (4)
1.October 17, 1933New Castle NewsNew Castle, PA
Click image to open full size in new tab
Article Text
Receiver Appointed
Charles E. Ketterer Is Appointed Bank Receiver At Ellwood City
WILL SUCCEED
ROBT. W. WYLIE
Announcement was made today of the appointment of Charles Ketterer of 407 Fourth street, Ellwood City, as the receiver for the Citizens National and the First National Banks of Ellwood City. He succeeds Robert Wylie. Ketterer's appointment was signed by Comptroller of the rency. Mr. Ketterer long time resident of Ellwood City and for eighteen years has been the hardware business. some time he has been the treasurer of the YahnJones Company. No announcement was made to the appointment an attorney for the receiver, but Attorney Wilbur Baer, State committeeman for the party here stated this would be done shortly. Mr. Ketterer takes over the work of the receivership of the two banks the close of business October on 18.
2.October 18, 1933Bradford Evening Star and The Bradford Daily RecordBradford, PA
Click image to open full size in new tab
Article Text
NAMES BANK RECEIVER Ellwood City, Pa., Oct. of the First National and Citizens' banks were in the hands of Ketterer, Democratic leader and local business man, today following his appointment success or to Robert Wylie as receiver.
3.November 2, 1934New Castle NewsNew Castle, PA
Click image to open full size in new tab
Article Text
Start Suit Against Stockholder
Receiver Of Local Bank Brings Suit For Judgment Against Birchard
ELLWOOD Nov. Ketterer, receiver the First National bank of Ellwood City, has bought suit in the district court of the United States for the eastern district Pennsylvania, to secure judgment against Birchard on stock assessment liabilities for and interest from March 1933. to the date of controller of currency notice to all stock holders. The bank examiners are checking the books of the Citizens and First National banks Ellwood and Mr. Ketterer declared that other sults will soon follow.
4.November 2, 1934New Castle NewsNew Castle, PA
Click image to open full size in new tab
Article Text
Start Suit Against Stockholder
Receiver Of Local Bank Brings Suit For Judgment Against Birchard
ELLWOOD CITY. Nov. Ketterer, receiver of the First Nntional bank of Ellwood City, has bought suit in the district court of the United States eastern district Pennsylvania, to secure judgment against Birchard stock assessment liabilities for and interest from March 1933, to the date of controller of currency notice to all stock holders. The bank examiners are checking the books of the Citizens and First National banks in Ellwood and Mr. Ketterer declared that other sults will soon follow.
