National Bank & Trust Company (Boyertown, PA)

View Charter #2137 on SPMC View balance sheet

Episode Information

Episode UID
213701291
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
21370 national
Charter Number
2137
Start Date
July 26, 1907
Location
Boyertown, Pennsylvania

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
69bfec44c4db582d

Response Measures

None

Description

OCR garbling and slight name-variant (Boyertown National bank) in sources; additional local records could confirm final disposition.

Events (4)
1. March 3, 1874 Chartered
Source
historical_nic
2. July 26, 1907 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Currency examiner's report found the Boyertown National bank insolvent; bank was ordered closed.
Newspaper Excerpt
National closed by of Bank The Pa., was the currency Examiner the Boyertown, controller ... ordered ... showing National ... to be insolvent.
Source
newspapers
3. January 28, 1909 Other
Newspaper Excerpt
held in $5,000 bail ... on the charge of aiding and abetting in the misappropriation of funds of the Boyertown National bank, which suspended more than two years ago.
Source
newspapers
4. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Statewide bank holiday declared by Governor Pinchot as part of the 1933 banking moratorium.
Newspaper Excerpt
I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6, 1933.
Source
newspapers

Newspaper Articles (4)
1. July 26, 1907 Perrysburg Journal Perrysburg, OH
Article from Perrysburg Journal, July 26, 1907

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Article Text

of Cox, of the Kentucky, state being by Instruction unable to will pro- be from retired court, duce Lieut. its witnesses. Col. the Charles army G. for Ayres physical disthe Ozarks at ability. While feudists the from Frisco running tracks at were fighting Mo., a on miles fast train, an hour, plowed Wilthe group, Stanton, the rate of 50 killing William of bank, ligs, into 23 years old. National closed by of Bank The Pa., was the currency Examiner the Boyertown, controller Farmers ordered upon by a report of showing National it men to be employed insolvent. Bingham thousand corporation the Pitteen United independent States mine Steel owners ranges on went the and Mesaba increase, of out Vermilion on a strike the and entire for a iron wage ore region. industry paralyzing the upper Lake of Superior the federal that court the Judge Memphis, McCall, Tenn., which decided returned the an federal at grand jury, counts against acting indictment Oil of 1,524 company, was the Joan within Standard Senora its Quesada, jurisdiction.nown of Arc, died, aged as 70 years. Cuban J. Williams, Wallihan, of Los of Angeles, Englewood, Cal., Cyrus and Cal., Fred have returned H. been by arrested the federal them upon indictments jury in Denver coal charging land frauds in with grand complicity in Col. the Glenwood Springs, held in Oakland a meeting voted unanimously protelegraphers' At accept the union terms of Union settlement and Posto by the Western The teleg- then work to receive raphers telegraph companies to posed tal Telegraph will return ccmpanies. arbitration will and discuss a both committee of affecting the telegAfter of the emperor of Korean troops and raphers. settle company matters Korea barracks had Many ab mutinied. dicated a escaped with the from Japanese. the both fought wounded on and sides were before killed and the revolt alias was Charles quelled. W. Anderson, William January, pardon a petition for the whose signatures to of President 50,000 was from the Roosevelt, was Fort containing persons at presented released Leavenworth, company Kan. was federal prison Southern Railway J. Green, The $30,000, and company, Thomas fined five of the at Raleigh, in the state tickets C., for that provided fined dollars N. ticket agent selling of railroad court uniform by at rate the a rate in excess for a mile of two and recent state one-fourth law cents a in Omaha, North Thomas Carolina. B. McPherson, of the of National to elected president association Livestock was James Exchange C. Swift, of Kansas county, heat, Adolph Mo. Ruegger, Ill., former committed which suiCity, succeed Madison owing to the intense sleeping. treasurer court of United prevented cide him from district a at In Cheyenne, the E. Wyo., E. States Lonabaugh, E. M. Holbrook, McPhil- promi- of a millionaire, and Robert man lamey, a were found nent attorney, well known business of conspiracy to defraud of coal lands in Kalil Haick, the he was government Sheridan, county. Said the that guilty United Syrian Sheridan States drago- go- of man, who announced Miss Elsie Ellwood, because ing to marry Ill., gave up his Miss plan Ellwood's of De the Kalb, opposition of Melfamily. It was announced York, by New President Haven & of the Railroad company engineer Stevens, former been len, Hartford New chief that appoint- John of F. Panama canal. had road. the the president of the Cruse, ed Midshipman a vice James F. at the of naval battleship Georgia, died He is the tenth hospital in Chelsea. result of the powder the explosion man to die, in as the a after turret of St. Georgia. damage to property done in Great and vicinity was rainstorm. by Joseph, Mo., and a terrific cellars a houses were away. Azzali, leader Capt. band, which lodge Mexican the El Paso, flooded companied Many washed tornado and August street wrecked, organization railway was Tex., drowned of tracks the ac- of J. while Elks to bathing Philadelphia, at White, Atlantic a pioneer City, N.J. bank- his Churchill of Kansas City, Mo., died He at former, home there, aged 82 years. of the National cial concern of that erly Bank was of Commerce, president the city. leading finanChirear-end collision on railway the at In a & Northwestern William Elliott cago Belle was Plaine, killed Ia., Engineer and a fireman was

2. January 28, 1909 Ladysmith News-Budget Ladysmith, WI
Article from Ladysmith News-Budget, January 28, 1909

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Article Text

SINS AND SINNERS. Robbers dynamited the safe of the Farmers State Bank of Hadar, at Hadar, Neb., and escaped with $2,000. Evading two nurses, L. H. Reed, Jr., a business man at Kalispell, Mont., locked himself up in a bathroom and stabbed himself to death. Albert Leminwood, a farmer living near Bergholz, Ohio, shot and killed his wife and then himself on the road near Annapolis. Jealousy is supposed to have been the cause. After a trial lasting exactly one week, the jury in the case of Gov. B. B. Comer of Alabama against the Montgomery Advertiser for alleged libel, in the city court, awarded damages of 1 cent to the plaintiff. J. H. Rhys, a well known expert accountant, was found guilty at Butte of forging nine checks for $200 and given a five-year term in prison. He had been employed on newspapers and in banks there, and enjoyed the highest confidence. Dewitt Hillegas, an insurance man of Philadelphia, was held in $5,000 bail by United States Commissioner Craig on the charge of aiding and abetting in the misappropriation of funds of the Boyertown National bank, which suspended more than two years ago. John H. Woodbury, the "beauty doctor," shot and killed himself at Sea Cliff, his home in Coney Island. It is believed he was prompted to take his life by troubles which grew out of a $50,000 damage suit brought against him by Stephen A. Emmons, a contractor. Victor Mainville was killed at Butte by a blow on the head, inflicted by a woodchopper named Cushing. Mainville suddenly went insane, cut his own throat, set fire to the cabin and attempted to cut the throats of Cushing's horses. Cushing then killed him

3. March 4, 1933 Evening Star Washington, DC
Article from Evening Star, March 4, 1933

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Article Text

EARLY U. S. ACTION PLANNED ON BANKS New York and Illinois Declare Holidays—Only Four States Unrestricted. Connecticut took similar action, bringing to 43 the list of States in which restrictions on withdrawals are operative in some form or another. Only Montana, Colorado, North Dakota and South Carolina remained without restrictions at noon today. Delaware's banks were open, but the State Legislature has already taken emergency action. These developments had brought from Representative Rainey, the next Speaker of the House, the prediction that "an extra session of Congress will be called at the earliest possible time." He said he felt that early next week, possibly Tuesday, would not be too soon. Previously Rainey had told House members-elect to remain in Washington. Others at the Capitol said the session probably would begin Wednesday. The Federal Reserve Bank of New York was closed with all other banking institutions of that State. The Federal Reserve Bank at Philadelphia also closed, under a holiday declared throughout Pennsylvania by Gov. Pinchot. Later in the day the Minneapolis Federal Reserve Bank suspended business. The closing of the New York Federal Reserve Bank meant the tying up of its huge gold reserve for the period of the holiday against withdrawal by either domestic or foreign agencies. In discussing the banking relief program, Senator Robinson said: "We do not know just when it will be completed, but it will be expedited all possible. The details can not be announced right now but you may be assured there will be no delay." Wagner Plans Action. Previously Senator Wagner, Democrat, of New York, had told newspaper men he would carry immediately to Democratic leaders an appeal for immediate emergency banking moves. Informed at his hotel here of banking moratoria in New York and Illinois, Wagner said he would appeal this morning to Democratic leaders to begin working out a program and some time this afternoon would call on Mr. Roosevelt with the same objective. A bank holiday, he said, "is the only thing to do" to meet the emergency of the banks themselves, but he added quick steps are necessary to enable them to reopen and continue operations. Harvey Couch, Democratic member of the Reconstruction Finance Corporation, was the first White House caller this morning. He said after a brief conference with President Hoover he had discussed "matters incident to the banking situation," but declined to give details. Couch conferred last night with President-elect Roosevelt. Officials in Conferences. High officials both of the outgoing Republican and incoming Democratic administrations were in conference most of the night. Secretary of the Treasury Mills said afterward the Hoover administration would have no statement, but that governors of the Federal Reserve banks in Chicago and New York would have announcements. Demands Impossible. The hours between midnight and dawn saw banking officials in many States struggling with the problem, made acute by the flurrying of nervousness on the part of depositors. As a statement by the New York Clearing House Committee put it: "The unthinking attempt of the public to convert over $40,000,000,000 of deposits into currency at one time is, on its face, impossible." The statement added that the condition clearing house banks is such that "they could, through the facilities of the Federal Reserve Bank, pay on demand every dollar of their deposits," but that withdrawals throughout the country as a whole have increased so that a "halt" is necessary "to enable the proper authorities to consider and adopt remedies to meet this situation, not for New York primarily, but for the Nation as a whole." Only a few States remained today in which restrictions on withdrawals had not been invoked. No Holiday in Virginia. In Virginia, Gov. Pollard said no general banking holidays would be declared because the State's laws already protect the banks and their depositors. In Maryland, the General Assembly early today approved the emergency banking legislation without a dissenting vote in either House. Gov. Ritchie signed it this morning, but said that the banking institutions of the State will not reopen Monday. The resources of the Reconstruction Finance Corporation earlier had been made available to hard-pressed, but solvent banks in States that have imposed moratoria on withdrawals. This was one of a number of developments yesterday that included introduction of legislation to allow postal savings checking accounts and to confer upon the incoming administration sweeping authority to maintain the security of deposits. Reconstruction Corporation officials said their policy called for lending institutions—if the loans were well secured—enough money to pay the percentage of deposits that could be withdrawn, provided the banks did not have the funds immediately available. It was emphasized this was not a new departure, but was simply the application of regulations decided upon for individual instances in the past to a situation spread into a number of States. Pinchot's Statement. Gov. Pinchot of Pennsylvania here for the inauguration issued the following statement: "Because of the declaration of a bank holiday in New York, Illinois and most of the other States, similar action in Pennsylvania has become unavoidable. "Were our banks to remain open, the demands upon them would impose an impossible burden. "Therefore, upon specific recommendation of Gov. Norris of the Philadelphia Federal Reserve Bank, I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933, and Monday, March 6, 1933." Exchange Statement. A statement issued by the Governing Committee of the New York Stock Exchange said: "The Governing Committee at a meeting held this morning in order to give full effect to the banking holiday declared by the Governor of the State of New York directed: "First, that the exchange be closed during such holiday; "Second, that members and firms registered on the exchange be prohibited from making any contracts for the purchase or sale or the borrowing or lending of any securities, and also from permitting their offices or facilities to be used for the purpose of making or carrying out any such contracts; "Third, that all deliveries be suspended on all member contracts, except on such contracts as may be cleared by or settled through the Stock Clearing Corporation, and that in such cases deliveries shall be made as the Stock Clearing Corporation shall direct."

4. March 4, 1933 The Daily Courier Connellsville, PA

Article Text

GOVERNOR ORDERS TWO-DAY HOLIDAY FOR STATE BANKS By International Nows Service. PHILADELPHIA, March 4.-Governor Gifford Pinchot. from his temporary residence at Washington, D. C., today proclaimed mandatory twoday hollday for all Pennsylvania banks. The proclamation issued at 8:30 this morning through Dr. William D. Gordon, State Secretary of Banking, directs all banks in the Commonwealth to remain closed Saturday and Monday. George W. Norris, governor of the Federal Reserve Bank in Philadelphia at whose behest leading Philadelphia financiers assembled in the early Lours the morning to consider decisive action, said the step was made necessary by the growing list state bank holidays. Although it was believed Penneylvania banks could have remained open under the emergency legislation passed by the Legislature last Monday, of holidays by the governors of New York and Illinois and several other states early today precipitated the crisis, Norris explained. "Because of the declaration of bank holiday in New York, Illinois and other states similar action in Pennsylvania has become unavoidable," the Governor declared in his "Were our banks to remain open the demands on them would impose an impossible burden." "Therefore, on the specific recommendation of Governor George W. Norris of the Philadelphia Reserve Bank, hereby declare bank hollday throughout for Saturday, March 5, and Monday, March 6," the proclamation concluded.