14812. Peoples National Bank (Adena, OH)

View Charter #6016 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
6016
Charter Number
6016
Start Date
April 13, 1929
Location
Adena, Ohio (40.219, -80.873)

Metadata

Model
gpt-5-mini
Short Digest
b28bc412722d1757

Response Measures

None

Receivership Details

Depositor recovery rate
75.3%
Date receivership started
1929-04-13
Date receivership terminated
1938-08-30
OCC cause of failure
Economic conditions
Share of assets assessed as good
46.7%
Share of assets assessed as doubtful
51.3%
Share of assets assessed as worthless
2.0%

Description

Multiple contemporary newspapers (Apr 15, 1929) report that Peoples' National Bank of Adena closed Saturday following a run and that a federal receiver was appointed April 15, 1929. The articles do not state a specific trigger for the run (rumor vs. bank-specific failure), so cause is coded as 'other/unknown'. Closure appears permanent as a receiver was appointed.

Events (5)
1. November 9, 1901 Chartered
Source
historical_nic
2. April 13, 1929 Receivership
Source
historical_nic
3. April 13, 1929 Run
Cause Details
Article states bank closed following a run but gives no specific trigger (rumor, insolvency, or external shock not specified).
Newspaper Excerpt
This bank closed Saturday following a run.
Source
newspapers
4. April 13, 1929 Suspension
Cause Details
Bank suspended/closed after the run; article does not attribute suspension to government action or voluntary liquidation (receiver appointed later).
Newspaper Excerpt
This bank closed Saturday following a run.
Source
newspapers
5. April 15, 1929 Receivership
Newspaper Excerpt
E. Trimple Smith ... was appointed today by the federal comptroller of currency as receiver for the Peoples' National bank, of Adena.
Source
newspapers

Newspaper Articles (3)
1. April 15, 1929 The Coshocton Tribune Coshocton, OH
Article from The Coshocton Tribune, April 15, 1929

Click image to open full size in new tab

Article Text

ADENA BANK'S RECEIVER NAMED ADENA. O., April 15.-E. Trimple Smith. of Washington, D. C., was appointed today by the federal comptroller of currency as receiver for the Peoples' National bank. of Adena. This bank closed Saturday following a run.

2. April 15, 1929 The Tribune Coshocton, OH
Article from The Tribune, April 15, 1929

Click image to open full size in new tab

Article Text

ADENA BANK'S RECEIVER NAMED ADENA O., April 15.-E. Trimple Smith, of Washington, D. C., was appointed today by the federal comptroller of currency as receiver for the Peoples' National bank, of Adena. This bank closed Saturday following run.

3. April 15, 1929 The Galion Inquirer Galion, OH
Article from The Galion Inquirer, April 15, 1929

Click image to open full size in new tab

Article Text

BANK RECEIVER AKRON, April 15. Trimble Smith, of Washington, D. C., was appointed today by the federal comptroller of currency as receiver for the Peoples' National Bank, of Adena. This bank closed Saturday following