16946. Citizens National Bank (Waynesburg, PA)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
4267
Charter Number
4267
Start Date
August 16, 1927
Location
Waynesburg, Pennsylvania (39.896, -80.179)

Metadata

Model
gpt-5-mini
Short Digest
602b676aa405100b

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1927-08-17
Date receivership terminated
1936-12-26
OCC cause of failure
Governance
Share of assets assessed as good
59.2%
Share of assets assessed as doubtful
32.4%
Share of assets assessed as worthless
8.4%

Description

Articles report that the Citizens National Bank of Waynesburg closed doors on August 16 (reported 1927) and later references show a receiver (Jesse R. Scott) disposing of bank property in 1929 and 1934. No newspaper text describes depositor runs; the bank was closed and placed in receivership, consistent with a suspension followed by permanent closure.

Events (5)

1. March 21, 1890 Chartered
Source
historical_nic
2. August 16, 1927 Suspension
Cause Details
Article states the bank closed doors on August 16 but gives no cause or mention of runs; cause not specified in texts.
Newspaper Excerpt
The stockholders of the Citizens National Bank, which closed doors the 16th August...
Source
newspapers
3. August 17, 1927 Receivership
Source
historical_nic
4. August 16, 1929 Receivership
Newspaper Excerpt
Jesse R. Scott, receiver of the Citizens National Bank of Waynesburg, was authorized... to sell 25 lots ... the bank holds title, to James J., George H.' and Donald Brock, for ... (Pittsburgh Sun-Telegraph, 1929-08-16).
Source
newspapers
5. December 20, 1934 Other
Newspaper Excerpt
Dec. 8, 1934-Citizens National Bank, per receiver, to J. R. Barnhart ... a tract of land ... consideration $200.
Source
newspapers

Newspaper Articles (3)

Article from The Daily Herald, September 3, 1927

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Article Text

Plans Well Under Way, And May Be EffectWithin A Short OLD STOCKHOLDERS HELP The of the First National Bank and Trust company Waynesburg being pushed rapidly. was announced day that the new board of directors would composed of seven that five of this number had ready been agreed upon and that the other would be selected later. The five men agreed upon Judge Sayers, Dr. Knox, Samuel Charles Mong. Waynesburg. and James R. Cray, attorney law of Uniontown. In all ability the other men will be from Pittsburgh. while the will be from The stockholders of the Citizens National Bank. which closed doors the 16th August resolution of the board of held meeting yesterday. There stockholders of the Citizens National Bank, and of this number present. The holders of the old institution animously decided help organization of the First National Bank and Trust company in every possible. The plans under which the institution being explained to the old stockholders and all were quite eager stock the bank. large proportion of the already subscribed the organization will pushed rapidly to completion


Article from Pittsburgh Sun-Telegraph, August 16, 1929

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Article Text

Bank Receiver May Sell Property Jesse R. Scott, receiver of the Citizens National Bank of Waynesburg, was authorized in an order signed by Federal Judge R. M. Glb. son to sell 25 lots in West Meade Township, Crawford County, of which the bank holds title, to James J., George H.' and Donald Brock, for


Article from The Waynesburg Republican, December 20, 1934

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Article Text

Correspondence EWS ITEMS ALWAYS WELCOME. SEND THEM IN. CARMICHAEL At a meeting of the board of education of Carmichaels borough, Ra, W. Honsaker was elected president the board; Edward Hathaway Wa named vice president for the comin year. Richard L. Baily, cashier the First National Bank easurer, and Allen F. Gwynne, sec retaly. Other members of the are William E. Steele, Ge rge Burt eite and Frank Johnson The Christmas vacation in local schools will be from Frid December 21, to January Charles Funare and his Keystonia Orchestra will furnish music for the regular round and square dance the Carmichaels firemen, which will be held in their quarters Thursd evening. Linton Sharpnack, of Mc Ciellandtown, and William Lockhart of Waynesburg, will be the figure callers. A special floor show will be Miss Merle Christopher entertained number of friends at the home her parents Mr. and Mrs. John Chistopher of near Carmichaels recently. The evening was spent with games and dancing The guest lis included Misses Irene Taylor, Mary Elizabeth Nyswaner, Sara Jane Boyer, Margaret Wonder, Jessie Kinsell and Nyswaner, all of Clarksville; liss Addie Lemley, of Khe Rudolph Bertgula, Viet M Blaker John He nd Areford A large turnout of the members of Cumberland Post No. 400, American Legion, Carmichaels, greeted Matty Bain on his first appearance before this Post who gave a very interesting analysis of the ensuing year's program for the Legion as well as results accomplished at the Miami convention He proved to be thoroughly acquainted with the subject and received plenty of applar he emphasized some of the stronger points in the Legion's resolutions. Bain was accompanied by Sheriff Hackney, of Uniontown when called upon, added a few punches to the Legion's determination to stamp Communism A boxing and wrestling show was rounds boxing two to three wrestling matcher, er to be under inter-collegiate rules. A turkey raffle is also to be ged at the Firemen hall. Ca mich els, Saturday evening, December 22. Finance Offic reported the Post membership of last year's standing for the me date and that the Dis rict WAS 400 members to the good ove last ye The anrual mbership Banquet of the Legion was announced the committee for January in conjunction with the Auxiliary It is also planned to ge again the succe sful Legion show, Three Wise and will be made under Chairm Ber Crago to obtain the 0 iginal Distribution stmas baskets will be even larger than last y with the Auxiliary and Post erating in meeting the needs of e destitute families Mrs. Nettie Myers. Perty A. Myers, Mrs. Rebecca M. R seberry and daughter. Lucille, were in Washington recently. where they visited Mr. and Mrs. Frank Ammons. Mr. Ammons is brother of Mrs. Myers. Edward Hathaway and Walter Barkman were in Wayne burg, Tuesday afternoon. looking after business Justice of the Peace Glenn J. Darrah and daughter, Eleanor Darrah, were in Waynesburg last week looking after interests and shopping Miss Rena Biddle, Charles Goldstrom and John G. Baily were in Waynesburg last week doing jury duty. Mr. and Mrs. Leslie Hartley, of Sugar Grove, visited at the home of Mr. Hartley's -in-law and sister, Mr. and Mrs. Charles L. Riley, recently Mrs. Frank Bonifield and little daughter Bonnie were in Waynesburg on Wednesday afternoon, shopping Playford W Allison. Ireal business man, was in Waynesburg last week looking busine DEEDS RECORDED Dec. 1934-Union Trust Company of Waynesburg to I F. Breese of Center township tract of land located in Franklin and Center townships, containing 94.234 acres, coal reserved: consideration $3,109.72. High street, Third Ward, Waynesburg; consideration $1.00. Dec. 8, 1934-Citizens National Bank, per receiver, to J. R. Barnhart, of Springhill township a tract of land in Aleppo township, containing 13 acres and 48 perches, coal reserved; consideration $200. April 28. 1964-Margaret King, et al., to B. R. Gump. et ux., of Wayne Dec. 6. 1934-A. J. Stephenson, et ux., 01 Carmichaels, to Helen S. Baily, the same place, two tracts of land in Jefferson township, containing 2.1416 acres: consideration $1.00. There are about 1,000 hairs to the square inch of scalp on the human head and there are about 110,000 on the average head The average for woman is little higher than for men and red heads average only about 90,000.