Farmers & Miners Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1924*
Location: Honaker, Virginia (37.016, -81.974)

Metadata

Model: gpt-5-mini
Short Digest: 5389df28

Response Measures

None

Description

Article (The Washington Herald, 1927-05-14) reports that the Farmers & Miners Bank of Honaker suspended business in 1924 after irregularities were discovered; a former cashier (H. Plaster) was on trial in 1927 accused of embezzling about $12,000. The piece gives no indication the bank reopened, so I classify this as a suspension that resulted in closure. Bank charter/type not specified in the text.

Events (2)

1. January 1, 1924* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Irregularities discovered (embezzlement by cashier H. Plaster, about $12,000), leading to suspension of business in 1924.
Newspaper Excerpt: The bank suspended business in 1924 irregularities were discov.
Source: newspapers

2. May 14, 1927 Other

Newspaper Excerpt: Myron E. chief State returned today from Lebanon, where he was witness case H. yesterday Plaster, charged with embezzlihg of the Farmers' and Miners' funds Bank of Honaker approximating $12,000. while he was cashier. The trial was still in progress today.
Source: newspapers

Newspaper Articles (1)

1. May 14, 1927 The Washington Herald Washington, DC

Article from The Washington Herald, May 14, 1927

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Article Text

BANKER'S TRIAL Va., May When the case of John Moncure Ashby, alleged defaulting cashier of the People's Bank of Stafford. called for trial for Monday at Stafford court house, only of officials will be found the court his accustomed place. That in official is W. E. sheriff of county. All others begged be excused. Judge Frederick W. Coleman excused because long with the family the friendship Judge Edwin of the Fourth circuit, supplant the bench. Crishim on of James Ashby, clerk Stafford county. who the accused. Frank brother Moncure, prosecuting attorney steps aside addition being cousin of director Bank. Dave SatStafford terfield. attorney, Richmond, will serve for him. charged with embez- The Ashby ziffig funds of the bank reported here the that he plead guilty. today stated when was he had made full conrested that fession. Myron E. chief State returned today from Lebanon. where he was witness case H. yesterday Plaster. charged with embezzlihg of the Farmers' and Miners' funds Bank of Honaker approximating $12,000. while he was cashier. The trial was still in progress today. bank suspended business in 1924 irregularities were discov. and the year He was or more freed. of the charges which Fedhe then faced. authorities held him to forging on Liberty bond and sent him lanta for When from Atlanta, the State decided other charges which it still press held against him. Edward Raymond Cole, 48, wire Chesapeake Potomac chief for the died today his Telephone here. He grand home the Red Men of Virginia. chem of and one he Besides by Hiram Cole, three sisters, of Mrs. Virginia Fessons, of whom Washington. Miss Mary. Dade Marriage Thornton, in the office State agent Frank here for New York fire Ivey company, agent for the same in Richmond, was announced today. Mrs. Lizzie Minor Lewis, widow of Robert Walker Lewis, of Albemarle died late last night her home in Henrico county. Richmond, survived by two daughters, Mary Minor Lewis, University Virginia, and Mrs. B. Evans, Swanson, Mass. Four sons of them being Roy Lewis, of Norfolk Concrete now being poured on the uncompleted Prince William Fairfax of the not days which set. the There will be occasion for the of the highway openIng ceremonies to be held at Frederon May was learned icksburg today at the State Highway ment. The Rev. Harold Smith, former Norfolk boy, has just finished work Union Theological Seminary, today accepted call to the Presbyterian Church at Westpoint, Ga.