First National Bank (Renovo, PA)

View Charter #3763 on SPMC View balance sheet

Episode Information

Episode UID
376301586
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
37630 national
Charter Number
3763
Start Date
February 26, 1932
Location
Renovo, Pennsylvania (41.326, -77.751)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
de07db03c9b0c57b

Response Measures

None

Receivership Details

Depositor recovery rate
39.0%
Date receivership started
1932-02-26
Date receivership terminated
1939-10-31
Share of assets assessed as good
16.4%
Share of assets assessed as doubtful
54.6%
Share of assets assessed as worthless
29.0%

Description

Articles discuss receivership and insolvency litigation but do not describe the specific circumstances of the initial suspension.

Events (4)
1. July 28, 1887 Chartered
Source
historical_nic
2. February 26, 1932 Receivership
Source
historical_nic
3. February 26, 1932 Receivership
Newspaper Excerpt
Howard N. Cassel, receiver of the First National Bank of Renovo
Source
newspapers
4. February 26, 1932 Suspension
Cause Details
Bank was insolvent; specific trigger for suspension not mentioned in provided text.
Newspaper Excerpt
Howard N. Cassel, receiver of the closed First National Bank of Renovo for the past two years
Source
newspapers

Newspaper Articles (2)
1. June 8, 1934 Wilkes-Barre Times Leader Wilkes-Barre, PA

Article Text

Receiver Seeks To Recover $5,000 Williamsport, Pa., June 8-(/P)Howard N. Cassel, receiver of the First National Bank of Renovo, seeks to recover $5,000 from Frank J. Burnett, former cashier, and his brother, John B. Burnett. both of Meads crossing, in a civil suit in Federal Court. Frank cashed certificate of deposit for his brother when he knew the bank was insolvent, the government charged in opening the case before Judge Albert L. Watson yestreday. Two of eight perjury charges charges against Isaac Rochman, of Harrisburg, were dropped due to the death of witness. Rochman's case is the last criminal case of the session.

2. October 29, 1934 The Express Lock Haven, PA

Article Text

Bank Receiver Resigns Approximately 250 children enRenovo-Howard N. Cassel. re- joyed festive games. Prizes were ceiver of the closed First National awarded to Dolores Garner for the Bank of Renovo for the past two most beautiful costume: to June years, has resigned his position and Nicholas and Helen Gossler. the will. on November assume the Gold Dust Twins, for most clever position of vice president of the costuming and to Ruth Wagner for Citizens National Bank of Wells- the most comic masquerade. All ville. N. Y. children received a gift of candy