14146. Peoples National Bank (New Brunswick, NJ)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3697
Charter Number
3697
Start Date
February 14, 1933
Location
New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model
gpt-5-mini
Short Digest
9d85cbee

Response Measures

Accommodated withdrawals

Description

Articles (Feb 14 and Mar 15, 1933) describe frightened depositors making withdrawals and the bank paying demands and remaining open. No suspension or receivership is mentioned. Cause inferred as part of the wider 1933 banking panic ('frightened depositors' across multiple banks), not a specific misinformation event.

Events (2)

1. May 5, 1887 Chartered
Source
historical_nic
2. February 14, 1933 Run
Cause
Macro News
Cause Details
Widespread depositor fear/panic during the 1933 banking disturbances led frightened depositors to withdraw savings.
Measures
Paid every demand; tellers remained on the job until every payment had been made; kept open until mid-afternoon to serve depositors.
Newspaper Excerpt
Peoples NationBank did likewise. All ... were paid their deposits.
Source
newspapers

Newspaper Articles (2)

Article from The Central New Jersey Home News, February 14, 1933

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Article Text

Citizens National Bank, Middlesex Title Close To Protect Depositors BANKS REMAIN OPEN TO AID DEPOSITORS their financial stability the New New Trust Company Peoples National Bank and Brunswick Savings Institution every demand made upon them today. Frightened bank depositors called banks withdraw savings promptly paid by the banks. To that they had ample funds to meet the the National Bank of New remained after the closing for New Brunswick Saving doors closed shortly after o'clock but all depositors within the bank assured that they be paid their the funds meet the demand The National Bank of New Jersey planned remain open definitely their patrons. Several dred persons in the Nationai Bank orders the tellers remain the job until every payment had made. The New Brunswick Trust Company kept open until 3:15 o'clock and Peoples NationBank did likewise. All trons within the banks time were paid their deposits.


Article from The Central New Jersey Home News, March 15, 1933

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Article Text

Open for Business The following banks in Middlesex county were open for business today: First National Bank of Cranbury. Carteret Bank and Trust Company. First National Bank Dunellen. Peoples Trust Company, Dunellen. First National Bank of Highland Park. First National Bank of Milltown. National Bank of New Jersey, New Brunswick. New Brunswick Savings Institution. New Brunswick Trust Company. Peoples National Bank, New Brunswick. The Liberty Bank, New Brunswick. Perth Amboy National Bank. Perth Amboy Savings Institution. First National Bank of South Amboy. South Amboy Trust Company. First National Bank of Sayreville. First National Bank of South Plainfield. First National Bank of South River Other banking institutions open for business today in this vicinity are: First National Bank, Bound Brook. Bound Brook Trust Company. Bound Brook. Somerville Second National Bank, Somerville. Somerville Tru Company, Somerville. Somerville Savings Bank, Somerville. Raritan Savings Bank, Raritan. Raritan State Bank. Raritan. Peapack-Gladstone Bank, Peapack. Princeton Bank and Trust Company, Princeton. Princeton Savings Bank, Princeton. First National Bank, Princeton. First National Bank, Hightstown. Hightstown Trust Company, Hightstown. First National Bank, Plainfield. Mid-City Trust Company, Plainfield. Plainfield National Bank, Plainfield. Plainfield Savings Bank, Plainfield Plainfield Trust Company, Plainfield. State Trust Company, Plainfield. Rahway Trust Company, Rahway. Rahway National Bank, Rahway. Savings Institution, Rahway. Keyport Banking Company, Keyport. The Matawan Bank, Matawan. First National Bank of Englishtown. Manville National Bank, Manville.