National Bank (Whitehall, NY)

View Charter #8388 on SPMC View balance sheet

Episode Information

Episode UID
838801584
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
83880 national
Charter Number
8388
Start Date
December 1, 1931*
Location
Whitehall, New York (43.556, -73.404)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a51af77c666fb575

Response Measures

None

Receivership Details

Depositor recovery rate
85.4%
Date receivership started
1932-01-26
Date receivership terminated
1938-09-22
Share of assets assessed as good
33.1%
Share of assets assessed as doubtful
61.5%
Share of assets assessed as worthless
5.3%

Description

Board of directors ordered closing in December 'for the protection of the depositors.'

Events (4)
1. October 5, 1906 Chartered
Source
historical_nic
2. December 1, 1931* Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided to close the bank in December 'for the protection of the depositors.'
Newspaper Excerpt
closed several weeks ago by order of the board of directors
Source
newspapers
3. January 26, 1932 Receivership
Source
historical_nic
4. January 26, 1932 Receivership
Newspaper Excerpt
The appointment of A. L. Sitterly ... as receiver for the National bank of Whitehall, closed several weeks ago by order of the board of directors, was announced yesterday by F. G. Awalt, acting comptroller of the currency at Washington, D. C.
Source
newspapers

Newspaper Articles (2)
1. January 29, 1932 The Post-Star Glens Falls, NY

Article Text

WHITEHALL BANK RECEIVER NAMED Jan. Sitterley has been receiver for the National Bank of Whitehall, which on December lost. The closing after meeting the directors who decided to close for the "protection of the depositors.'

2. January 29, 1932 The Rutland Daily Herald Rutland, VT

Article Text

WHITEHALL BANK RECEIVER NAMED (Special to The Herald.) WHITEHALL, N. Y., Jan. 28.—The appointment of A. L. Sitterly of Glens Falls as receiver for the National bank of Whitehall, closed several weeks ago by order of the board of directors, was announced yesterday by F. G. Awalt, acting comptroller of the currency at Washington, D. C. Sitterly has returned from Washington, where he conferred with J. E. Fouts, supervisor receiver of the department, and has assumed management of the bank's affairs here. NORTH DAKOTA G. O. P. BACKS HOOVER FOR RE-ELECTION. MINOT, N. D., Jan. 28 (AP).—Republicans of North Dakota unanimously indorsed President Hoover for re-election at their state convention today.