Citizens National Bank (Waynesburg, PA)

View Charter #4267 on SPMC View balance sheet

Episode Information

Episode UID
426701532
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
42670 national
Charter Number
4267
Start Date
August 16, 1927
Location
Waynesburg, Pennsylvania (39.896, -80.179)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4dc13b0d71cc338e

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

Closure in August 1927 followed by a receiver (receiver active in 1929).

Events (5)
1. March 21, 1890 Chartered
Source
historical_nic
2. August 16, 1927 Suspension
Cause
Government Action
Cause Details
Bank closed its doors on August 16, 1927; actions by authorities/receiver followed.
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 17, 1927 Receivership
Newspaper Excerpt
Jesse R. Scott, receiver of the Citizens National Bank of Waynesburg, was authorized ...
Source
newspapers
5. August 16, 1929 Other
Newspaper Excerpt
Bank Receiver May Sell Property Jesse R. Scott, receiver of the Citizens National Bank of Waynesburg, was authorized in an order ...
Source
newspapers

Newspaper Articles (2)
1. September 3, 1927 The Daily Herald Monongahela, PA
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

2. August 16, 1929 Pittsburgh Sun-Telegraph Pittsburgh, PA
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