Flip to Bank president Major Richard R. Wright standing in front of the Citizens and Southern Bank, Philadelphia, PA, circa 1940.Close Window
Credit: Courtesy of Temple University, Urban Archives, Philadelphia, Pa.
During the early years of the Great Depression, runs on deposits forced the closure of hundreds of banks throughout Pennsylvania. Allentown lost six of its ten banks. In Philadelphia more than fifty banks, most of them small, also failed, taking with them all of their depositors" savings.
