Farmers & Drovers Bank - Waynesburg, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Waynesburg, Pennsylvania (39.896, -80.179)

Metadata

Model: gpt-5-mini
Short Digest: b87f277d

Response Measures

None

Description

Articles (Mar 1910) report the Farmers' and Drovers' Bank of Waynesburg was closed by the government, a receiver was appointed, and the banker James B. F. Rinehart was convicted and imprisoned for wrecking the bank and disappearance of funds. No run or depositor disturbance is mentioned; this is a government-closed failure with receivership.

Events (2)

1. * Receivership

Newspaper Excerpt: civil action begun by his attorneys against the receiver of the bank; ... before the doors of the institution were closed by the government, dropped a bomb under the United States authorities in a civil action begun by his attorneys against the receiver of the bank.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank was closed by the government after disappearance of $1,200,000 and allegations of wrecking by its banker James B. F. Rinehart
Newspaper Excerpt: before the doors of the institution were closed by the government
Source: newspapers

Newspaper Articles (3)

1. March 7, 1910 The Guthrie Daily Leader Guthrie, OK

Article from The Guthrie Daily Leader, March 7, 1910

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Article Text

# HE WANTS HIS PROPERTY BACK Imprisoned Pennsylvania Banker Brings Suit Against the Receiver to Recover. Pittsburg, Pa., Mar. 6.-James B. F. Rinehart, once millionaire banker of Waynesburg, Pa., now serving a 15-year sentence in the Western penitentiary for wrecking the Farmers' and Drovers' Bank and engineering the disappearance of $1,200,000 before the doors of the institution were closed by the government, dropped a bomb under the United States authorities in a civil action begun by his attorneys against the receiver of the bank. Rinehart claims that a deed assigning his property to the bank was signed under threats made by John Cunningham, formerly a United States bank examiner.

2. March 10, 1910 Abilene Weekly Reflector Abilene, KS

Article from Abilene Weekly Reflector, March 10, 1910

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Article Text

BANK WRECKER SUES RECIEVER James Rinehart, Serving 15 Years in Prison Wants His Property Back He Deeded Away. Pittsburg, Pa., Mar. 5.-James B. F. Rinehart, once millionaire banker of Waynesburg, Pa., now serving a 15. year sentence in the Western penitentiary for wrecking the Farmers' and Drovers' Bank and engineering the disappearance of $1,200,000 before the doors of the institution were closed by the government, dropped a bomb under the United States authorities in a civil action begun by his attorneys against the receiver of the bank. Rinehart claims that a deed assigning his property to the bank was signed under threats made by John Cunningham, formerly a United States bank examiner.

3. March 10, 1910 The Mena Weekly Star Mena, AR

Article from The Mena Weekly Star, March 10, 1910

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Article Text

HE WANTS HIS PROPERTY BACK Imprisoned Pennsylvania Banker Brings Suit Against the Receiver to Recover. Pittsburg, Pa., Mar. 6.-James B. F. Rinehart, once millionaire banker of Waynesburg, Pa., now serving a 15. year sentence in the Western penitentiary for wrecking the Farmers' and Drovers' Bank and engineering the disappearance of $1,200,000 before the doors of the institution were closed by the government, dropped a bomb under the United States authorities in a civil action begun by his attorneys against the receiver of the bank. Rinehart claims that a deed assigning his property to the bank was signed under threats made by John Canningham, formerly a United States bank examiner.