Northwestern Trust Company (Philadelphia, PA)

Episode Information

Episode UID
3010271583
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
301027 routing
Routing Number
3-0102
Start Date
November 1, 1931*
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3426baf88dea27bb

Response Measures

None

Description

Closure date inferred from closed last November in April 1932 articles.

Events (2)

1. November 1, 1931* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after discovery of large embezzlement ($750,000) by vice president/treasurer; closure reported as permanent ('defunct').
Newspaper Excerpt
Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November.
Source
newspapers
2. April 21, 1932 Other
Newspaper Excerpt
Bank Official Arrested — Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November.
Source
newspapers

Newspaper Articles (4)

Article Text

Bank Official Arrested Philadelphia.—Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November. Famous Historian Dead Berlin.—Prof. Max Lenz, eminent historian, died at his home in this city at eighty-one. He wrote critical studies of Bismarck, Napoleon, and Martin Luther, among other works.


Article Text

Coal Production Fails; Soviets Sound Alarm Moscow.—A sharp drop in coal production planned for the first quarter of 1932 aroused the newspaper Pravda to sound an alarm. Pravda said the situation in the coal industry was menacing the most important phases of other industries, chiefly the metallurgical works, which are one of the basic sections for the successful completion of the five year plan. This was blamed by Pravda on unskilled management, inadequate organization of labor and the failure of many mines to institute the system of piece work wages, resulting in much shifting of workers. For Closer Bank Supervision Chicago.—Abolition of bank receivers and creation of a banking board for closer supervision of Illinois state banks were recommended by the committee on legislation of the Illinois Bankers' association. Against Fixed Sentences New York.—Abolition of fixed prison sentences if society is to progress in its efforts to reclaim criminals was advocated by Warden Lewis E. Lawes of Sing Sing. Bank Official Arrested Philadelphia.—Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November.


Article Text

Against Fixed Sentences New York.—Abolition of fixed prison sentences if society is to progress in its efforts to reclaim criminals was advocated by Warden Lewis E. Lawes of Sing Sing. Bank Official Arrested Philadelphia.—Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November.


Article Text

Bank Official Arrested Philadelphia.—Alexander D. Robinson, vice president and treasurer of the defunct Northwestern Trust company, was arrested on a charge of embezzling $750,000 of the bank's funds. The bank closed last November. Famous Historian Dead Berlin.—Prof. Max Lenz, eminent historian, died at his home in this city at eighty-one. He wrote critical studies of Bismarck, Napoleon, and Martin Luther, among other works.