Ickesburg State Bank (Ickesburg, PA)

Episode Information

Episode UID
60149371582
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
6014937 routing
Routing Number
60-1493
Start Date
October 22, 1931
Location
Ickesburg, Pennsylvania (40.456, -77.352)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2b34d8335c837eb9

Response Measures

None

Description

State Banking Department took the bank; still closed in 1934 under receiver though RFC loans allowed payments.

Events (3)
1. October 22, 1931 Receivership
Newspaper Excerpt
The State Banking Department today has the affairs of the Ickesburg State Bank, Ickesburg, Perry County.
Source
newspapers
2. October 22, 1931 Suspension
Cause
Government Action
Cause Details
State Banking Department took the affairs of the Ickesburg State Bank (state takeover/closure).
Newspaper Excerpt
Ickesburg Bank Is Taken Over by State
Source
newspapers
3. January 20, 1934 Other
Newspaper Excerpt
Reconstruction Finance Corporation ... approved loans on collateral to ... the Ickesburg State Bank ... Depositors of the Ickesburg bank already have 90 per cent. of their accounts.
Source
newspapers

Newspaper Articles (2)
1. October 22, 1931 The Evening News Harrisburg, PA

Article Text

Ickesburg Bank Is Taken Over by State The State Banking Department today has the affairs of the Ickesburg State Bank, Ickesburg, Perry County. The resources of the bank were $162,000: deposits, $108,370: capital, $25,000; surplus, $5000, and undivided profits, $4600. Dr. W. Shelley is president. Grace Gray, cashier, is Republican candidate for county treasurer. HIKERS BLAME HOOVER man and woman, passed through this city together recently. On man's back was sign: "Don't offer ride. deserve it. voted for Hoover.'

2. January 20, 1934 The Evening News Harrisburg, PA

Article Text

Bank Loans Will Permit Payment of Depositors Depositors of two more of the closed banks this territory are assured of getting another payment on their accounts in the near future, for the Reconstruction Finance Corporation in Washington has just approved loans on colInteral to the Trust Company, this city. and the Ickesburg State Bank, in Perry County. Notice of the approved loans has been received here by George R. Bailey. chairman of the Deposit Liquidation Committee for this district, which passed first on the loan applications made by the bank receiver deputies. The amount of the loans and the percentage to be distributed positors will not be until the banks' collateral is checked against the loan Depositors of the Ickesburg bank already have 90 per cent. of their accounts, and the Commercial depositors, 15 per cent.