Peoples National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10788
Charter Number: 10788
Start Date: October 1, 1931*
Location: Pulaski, New York (43.567, -76.128)

Metadata

Model: gpt-5-mini
Short Digest: 5c218a9d

Response Measures

None

Receivership Details

Depositor recovery rate: 72.4%
Date receivership started: 1931-10-05
Date receivership terminated: 1939-04-12
Share of assets assessed as good: 35.6%
Share of assets assessed as doubtful: 59.3%
Share of assets assessed as worthless: 5.2%

Description

Article states the People's National Bank 'closed last October' and that a receiver had been appointed previously at the bank. No mention of a depositor run is given in the text, only closure and receivership; classified as suspension leading to permanent closure (receiver appointed). Date of closure inferred as October 1931 from article date (July 15, 1932) saying 'last October'.

Events (3)

1. October 13, 1915 Chartered

Source: historical_nic

2. October 1, 1931* Receivership

Newspaper Excerpt: He was also receiver there for the People's National Bank which closed last October
Source: newspapers

3. October 5, 1931 Receivership

Source: historical_nic

Newspaper Articles (1)

1. July 15, 1932 The Star Press Muncie, IN

Article from The Star Press, July 15, 1932

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Article Text

BANK RECEIVER IN EAST Fred F. Reasoner, formerly of Muncie, has been appointed receiver of the National Bank, Pulaski, N. Y., which closed recently. He was also receiver there for the People's National Bank which closed last October He was former county treasurer here.