Peoples Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: August 20, 1925
Location: Las Vegas, New Mexico (35.594, -105.224)

Metadata

Model: gpt-5-mini
Short Digest: 62daac13

Response Measures

None

Description

Article (Evening Star, 1925-08-21) reports Las Vegas State Bank 'closed voluntarily, on advice of the bank examiner, for the protection of its depositors.' No run is mentioned; closure appears permanent in context (leaves only one bank in city). Date inferred as 1925-08-20 (article says 'closed here yesterday').

Events (1)

1. August 20, 1925 Suspension

Cause: Government Action
Cause Details: Closed voluntarily on advice of the State bank examiner for protection of depositors; followed failure of First National in June.
Newspaper Excerpt: The Las Vegas State Bank ... closed voluntarily, on advice of the bank examiner, for the protection of its depositors.
Source: newspapers

Newspaper Articles (1)

1. August 21, 1925 Evening Star Washington, DC

Article from Evening Star, August 21, 1925

Click image to open full size in new tab

Article Text

TWO STATE BANKS CLOSE IN EAST LAS VEGAS, N. M. Suspension Follows Failure of First National in June-Only One Bank Left. By the Associated Press. EAST LAS VEGAS, N. Mex., August 21.-Two banks, both State institutions, closed here yesterday. The Peoples' Bank and Trust Co., incorporated at $100,000, failed to open and is in the hands of the State bank examiner. The Las Vegas State Bank, an affiliated institution. closed voluntarily, on advice of the bank examiner, for the protection of its depositors, officials of the bank announced. The closing followed the failure of the First National Bank of the city last June. This leaves only one bank in the city. The last statement of the Peoples' Bank and Trust Co., gives its resources as $668,113.72, and deposits as $331,825.34.