Mayfield State Bank - Mayfield, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1954*
Location: Mayfield, Pennsylvania (41.538, -75.537)

Metadata

Model: gpt-5-mini
Short Digest: 9ee31050

Response Measures

None

Description

Article (Dec 4, 1954) reports Mayfield (Pa.) State Bank suspended operations after discovery of a $169,000 shortage caused by a check-kiting/fraud scheme. The bank is described as defunct and officials were sentenced, indicating permanent closure. No run is mentioned and no explicit receiver appointment is reported in the excerpt.

Events (1)

1. December 1, 1954* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Discovery of a $169,000 shortage due to a check-kiting / fraud scheme involving former Representative James P. Scoblick (and brothers) and the former cashier Michael Senio.
Newspaper Excerpt: The bank suspended operations after discovery of a $169,000 shortage.
Source: newspapers

Newspaper Articles (1)

1. December 4, 1954 Evening Star Washington, DC

Article from Evening Star, December 4, 1954

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Article Text

Ex-House Member And 2 Others Given Fraud Sentences By the Associated Press SCRANTON, Pa., Dec. 4.Former Representative James P. Scoblick,/his brother and a bank official were sentenced to jail yesterday on charges of defrauding the Mayfield (Pa.) State Bank through operations of a check-kiting scheme. The bank suspended operations after discovery of a $169,000 shortage. Scoblick, 45, of Archbald, who was elected to the 80th Congress in 1946 for a single term as a Republican, was sentenced to five years in prison. The other sentences were: Frank Scoblick, 38, Jessup, his brother, three years in prison. Michael Senio, 52, Mayfield, former cashier of the defunct bank, three years in prison. Anthony Scoblick, 34, Carbondale, a brother of James and Frank, placed on probation five years. Firm Also Fined. Judge Watson also fined Scoblick Bros., Inc., fruit processing company, $1,000 and probation for five years. The Scoblick brothers are officers of the fruit processing com-