16796. Plains State Bank (Plains, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 9, 1932
Location
Plains, Pennsylvania (41.275, -75.850)

Metadata

Model
gpt-5-mini
Short Digest
5faf99e19b996088

Response Measures

None

Description

Articles (1932) report Plains State Bank was closed and placed in liquidation/receivership by state banking authorities; its business was being handled from Liberty Trust Co. quarters. No article describes a depositor run. OCR errors in Article 1 corrected (Rienhard/Rienhard, wording about former positions).

Events (3)
1. July 9, 1932 Receivership
Newspaper Excerpt
JOSEPH RIENHARD PLAINS BANK RECEIVER ... has named ... to charge the Plains State Bank which was closed recently. appointment has been announced by Gordon, State secretary of banking.
Source
newspapers
2. July 9, 1932 Suspension
Cause
Government Action
Cause Details
Closed by state banking authorities; appointment of a receiver/official to take charge and oversee liquidation.
Newspaper Excerpt
Plains State Bank which was closed recently. appointment has been announced by Gordon, State secretary of banking.
Source
newspapers
3. December 23, 1932 Other
Newspaper Excerpt
All the business of the three closed banks ... is being run from the Liberty bank quarters ... as is the business of ... Plains State Bank of Plains, except that the buildings of those two banks are being kept open, for the present, for the collection of notes.
Source
newspapers

Newspaper Articles (2)
1. July 9, 1932 Wilkes-Barre Times Leader, the Evening News Wilkes-Barre, PA
Article from Wilkes-Barre Times Leader, the Evening News, July 9, 1932

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Article Text

JOSEPH RIENHARD PLAINS BANK RECEIVER Appointed receiver for the Dime Bank Title and Trust Company November of last year, Reinhard, former Cassett National City Bank in New for has named cial deputy charge the Plains State Bank which was closed recently. appointment has been announced by Gordon, State secretary of banking. duties with the Dime Bank those Plains bank holding down liquidation

2. December 23, 1932 The Times Leader Wilkes-Barre, PA
Article from The Times Leader, December 23, 1932

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Article Text

Dime Bank Affairs Run at Liberty's Quarters Today Business of the closed Dime Bank Title & Trust Co., WilkesBarre will be sylvania Liberty Trust Co. 16-18 North Main street, beginning today, Walter Oliver, deputy in charge of banks and vicinity, announced last night. All the business of the three closed banks in this city, The Dime, Liberty and Heights Deposit, is being run from the Liberty bank quarters as is the business of People's Savings & Trust Co. of Duryea and Plains State Bank of Plains, except that the buildings of those two banks are being kept open, for the present, for the collection of notes. Mr. Oliver said the consolidation of the activities of the five banks will facilltate liquidation and lessen the cost.