Peoples Bank - Springfield, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 23, 1928
Location: Springfield, Missouri (37.215, -93.298)

Metadata

Model: gpt-5-mini
Short Digest: 6d811965

Response Measures

None

Description

Article (Dec 23, 1928) reports the People's (Peoples) Bank is defunct and a receiver (George L. Horner) is distributing dividends to depositors. No mention of a prior depositor run in the provided text — only that the bank failed and is in receivership. Classified as a suspension/closure with receivership.

Events (2)

1. December 23, 1928 Other

Newspaper Excerpt: This payment makes total of 60 percent paid the depositors ... Mr. Horner said other payments would be made later.
Source: newspapers

2. December 23, 1928 Receivership

Newspaper Excerpt: Depositors Given Christmas Checks By Bank Receiver ... George L. Horner, receiver for the closed institution, is distributing another ten per cent dividend check to all persons who had money on deposit when it failed.
Source: newspapers

Newspaper Articles (1)

1. December 23, 1928 Springfield Leader and Press Springfield, MO

Article from Springfield Leader and Press, December 23, 1928

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Article Text

Depositors Given Christmas Checks By Bank Receiver Special to The Dec. Claus came early with his gifts for depositors of the defunct People's bank here. George L. Horner, receiver for the closed institution. is distributing another ten per cent dividend check to all persons who had money on deposit when It failed. This payment makes total of 60 percent paid the depositors of the affairs of the bank was begun. Mr. Horner said other payments would be made later.