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Pittsburgh Bank Closes After Cashier Defaults PITTSBURG, Feb. 13-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park Bank, one of the leading financial institutions of the east end was closed this morning. It was announced that P. G. Camerson, state bank examiner, had been appointed receiver. The bank's statement on January 1 showed deposit of $2,235,859.
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BUSTED THE BANK (Associated Press) Pittsburg, Feb. 13-With the arrest of J. F. Swartz, cashier, charged with embezzling a quarter million dollars of its funds, the Park Bank, one of the leading financial institutions of the East End, closed this morning. It was announced that D. G. Camerson, a state bank examiner, has been oppointed receiver. The statement of the bank January 1st showed deposits of over two millions.
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Erzberger to Demand Recognition of Berlin Government at Treves Pittsburgh, Pa., Feb. 13.-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park Bank, one of the leading financial institutions of the east end, was closed this morning. It was announced that P. G. Camerson, state bank examiner, had been appointed receiver. The bank's statement on January 1 showed deposits of $2,235,859. Swartz Attempts Suicide According to the police, Swartz attempted to commit suicide shortly before officers arrived at his home in a fashionable residence section of the city. The officers were kept waiting several hours until he regained consciousness before the warrant, charging defalcation was served. He was reported in a serious condition in his home today under police guard. The bank, which was regarded as one of the strongest in the city, was closed by order of the State Banking Department. A statement issued by E. C. Chalfant, president, said the amount missing comprised between $70,000 and $80,000 in cash and $170,000 in unauthorized notes. He said there would be little loss to depositors. Cameron issued a statement this afternoon declaring that investigation so far had revealed no wrong doing by the bank's directors. Depositors Gather at Doors Several hundred depositors gathered at the bank's doors at 10 o'clock this morning after a notice'l had been posted announcing that only persons indebted to the bank would be admitted. Police reserves were called, but up to noon the steadily increasing crowd had caused no disorder,
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CHARGE BANKER WITH TAKING $250,000 OF FUNDS Pittsburgh, Feb. 13.-With the arrest of J. F. Swartz. cashier, charged with embezzling $250,000 of its funds, the Park bank, one of the leading financial institutions of the east end, was closed this morning. It was announced the state bank examiner had been reported receiver. The bank's statement on January 31 showed deposits of $2,235,850. Several hundred depositors gathered at the bank doors. Police reserves were called, but up to noon the crowd had caused no disorder. According to police reports, Swartz attempted suicide when officers arrived at his home. He is reported in a serious condition. The bank was closed by the state banking department. A statement issued by the president of the bank said the amount missing comprised between $75,000 and $80,000 in cash and $180.000 in unauthorized notes. He said there would be little loss to depositors.
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Leading Bank Of Pittsburgh Closed Pittsburgh, Pa., Feb. 13.-The Park Bank, one of the leading financial institutions of the East end. failed to open its doors this morning. D. G. Cameron, state bank examiner, has been appointed receiver. The bank's statement on January 1, showed deposits of $2,235,859, a surplus of $95.481 and $45,480.90 in undivided profits.
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Big Bank Wrecked, Cashier Arrested PITTSBURG, Feb. 13.-(By Associated Press.)-With the arrest of J. F. Schwartz, cashier, charged with embezzling a quarter of a million dollars of its funds, the Park bank. one of the leading financial institutions of the East End, closed this morning. It was announced that D. C. Cameron, state bank examiner, had been appointed receiver. The bank's statement, January 1, showed deposits of over $2,000,000.
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PITTSBURG BANK CLOSED. Cashier Arrested on Charge of Embezzling $250,000. PITTSBURG, Feb. 13. With the arest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds. the Park bank of this city was closed this mornng. It was announced that D. G. Cameron, state bank examiner, had been apoointed receiver. The bank's statement in Jan. 1 showed déposits of more than 2,000,000.
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Stung Pittsburg Bank Hard (By Associated Press) Pittsburg, Feb. 13-With the arrest of Cashier J. F. Swartz, charged with embezzling a quarter of a million dollars of its funds, the Park Bank, one of the leading banks of the east end, was closed today, and a state bank examiner appointed receiver. The bank had deposits of two and a quarter million dollars.
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$80,000SWINDLE WRECKS BANK J. S. Swartz, Cashier, Is Charged with Embezzlement by Directors. Pittsburgh, Pa., Feb. 13.-Charged with embezzlement of $80,000. J. S. Swartz. cashier of the Park Bank. of Pittsburgh, which was closed today by the State bank examiner. is in the Mercy Hospital here in a delirious condition. Swartz was arrested at his home upon charges preferred by the bank directors. The police found him in, bed suffering from a mental breakdown and unconscious, it is stated. Swartz was removed to the hospital, where he is being closely guarded. Exonerates Directors. With news that the bank had closed had spread, several hundred depositors institution. gathered Police in reserves front of were the rushed to the scene, but no disorder was threatened. R. C. Chalfant, president. and the bank directors issued a statement which declared that "embezzlement, abstraction and wilful misappropriation of moneys, funds and credits of the bank" by J. S. Swartz. cashier, had "impaired the capital of the bank to such an extent as to make it impossible to longer continue business." Swartz, who was a majority owner of the capital stock in the bank, has admitted that "he alone" is responsible for conditions which have caused the bank's closing, the statement said. Information has been filed against Swartz charging him with defalcations, the directors announced. State Bank Examiner Cameron, who is acting as temporary receiver, issued a statement exonerating the bank directors.
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Pittsburgh Banker Held as $250,000 Embezzler PJTTSBURGH, Pa., Feb. 13With the arrest of J.F. Swartz, casher, charged with embezzling $350,300 of its funds. the Park bank, one if the leading financial institutions if the east eng was @closed this norning It was anounced that P. Camerson, state bank examiner iad been appointed receiver. The 1 sink's statement on January IOWS deposits of $2,235,859.
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BANK CASHIER CHARGED WITH EMBEZZLING $250,000 Pittsburgh, Feb. 13.-With the arrest of J. F. Swartz, cashier charged with embezzling $250,000 of its funds, the Park bank, one of the leading financial institutions of the east end, was closed this morning. It was announced that D. G. Cameron, state bank examiner, had been appointed receiver. The bank's statement on January 1 showed deposits of $2,235,859.
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STATE BANKING COMMISSIONER INPITTSBURGH John S. Fisher Will Assist in Handling Affairs of Park Bank Pittsburgh, Feb. 15.-E. C. Chalfant, president of the Park Bank, which closed its doors Thursday morning following the arrest of J. S. Swartz, cashier, charged with peculations amounting to more than $250,000, reiterates his former statement that depositors will probably not lose a cent by the alleged defalcation. The depositors are insisting that the bank. be reopened and this, officials say, will be done in a short time, as soon as the state banking officers have examined the books thoroughly. The question of appointing a permanent receiver will not be decided until Peter G. Cameron, state examiner, has made his report. Banking Commissioner John C. Fisher and Deputy Attorney General B. J. Myers, of Harrisburg, arrived today to assist in handling the bank's affairs. President Chalfant stated tonight that the depositors of the bank would not under any circumstances lose more than $100,000 and probably nothing at all.
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$250,000 THEFT SHUTS BIG PITTSBURG BANK PITTSBURG, Feb. 15.-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park Bank, one of the leading financial institutions of the East End, has been closed. D. G. Cameron, State Bank Examiner, has been appointed receiver. The bank's statement on January 1 showd deposits of $2,235,859.
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Bank Cashier Arrested. Pittsburg, Feb. 13.-With the arrest of J. F. Swartz, cashier, charged with embezzling $250,000 of its funds, the Park Bank, one of the leading financial institutions of the East End, was closed this morning. It was announced that D. G. Camerson, State bank examiner, had been appointed receiver. The bank's statement of January 1 showed deposits of $2,235,859.
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Receiver for Pittsburgh Bank Harrisburg, March 21.-G. H. Getty, New Wilmington, has been appointed permanent receiver of the funds of the Park Bank, Pittsburgh, by the Dauphin County Court. Peter G. Cameron, of the State Banking Department, had served as temporary receiver since February 13. The directors offered no objections.
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Cash for Depositors of Defunct Bank Pitisburgh, June 23.-Receiver G. H. Getty, of the defunct Park Bank, announces that a payment amounting to 33 1-3 per cent would be made about July 1 to depositors, whose money has been tied up in the bank since it failed to open its doors, February 18.
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DEPOSITORS GET MONEY M. H. Getty, receiver for the Park Bank of Pittsburgh, yesterday petitioned the Dauphin county court for permission to distribute to depositors a 33 1-3 per cent. distribution. The court signed the order for distribution of the money.