Plains State Bank - Plains, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1932*
Location: Plains, Pennsylvania (41.275, -75.850)

Metadata

Model: gpt-5-mini
Short Digest: 0ff6c40d

Response Measures

None

Description

Articles (Jul 9 and Dec 23, 1932) indicate Plains State Bank was closed and placed under supervision/receivership with its business being handled from Liberty Trust quarters. No run or depositor panic is described. Closure appears to be by state banking authorities (receiver appointed).

Events (3)

1. July 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank was closed and placed under control of state banking authorities; receiver assigned to handle liquidation/affairs.
Newspaper Excerpt: Plains State Bank which was closed recently.
Source: newspapers

2. July 9, 1932 Receivership

Newspaper Excerpt: JOSEPH RIENHARD PLAINS BANK RECEIVER ... has named ... deputy in charge the 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.