Citizens And southern Bank Pennsylvania Stock Certificates X 2 Eagle 200 Shares.
Signed by bank President Myron Freudberg who “was indicted by a Federal grand jury on charges of stock fraud, (along with William Kane) in which the public was reported to have lost more than $500,000. The two are accused of arranging the public sale of 250,000 unregistered shares of American Dryer stock in 1959 for more than $1 million. They were said to have used more than 40 fictitious names as nominees to conceal their true ownership.” - Source: New York Times, November 10, 1964, Page 22
You are buying 2 paper stock certificates. Cancelled stocks. Numbers B294 + B295.
Signed by bank President and secretary.
1959 stock.
1923 embossed seal.
“Citizens and Southern Bank Marker
Inscription. Founded in 1921 by R.R. Wright, Sr., who was born of slave parents, this bank was noted for serving the financial needs of Black customers. It survived the Great Depression and later established offices throughout the city.” Quote from Historical Marker Database.
Good to Very good condition. staple holes, minimal marks or stains, Folds. See photos.
Bank, banking, banker, ephemera, vintage stocks and bonds. Historical bank. Serving minority and minorities. Paper collection, collectibles. Black eagle logo emblem. Not silver gold Eagle. Patriotic decor. America, United States. Patriotism. USA.