Peoples Bank - Alliance, OH

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: May 1, 1932*
Location: Alliance, Ohio (40.915, -81.106)

Metadata

Model: gpt-5-mini
Short Digest: b2b9a151

Response Measures

None

Description

Article (The Plain Dealer, 1932-11-05) states Peoples Bank (Alliance, OH) 'suspend[ed] business months' earlier (mentions May distribution) and on Nov 5, 1932 will distribute a second dividend to depositors Monday — indicating it had suspended earlier and is making payments/distributions (resumption of some operations). No explicit run is mentioned and no cause for suspension is given in the excerpt, so I classify as a suspension followed by reopening/payment. I inferred the Monday referenced after Nov 5, 1932 as 1932-11-07. Bank type set to 'state' because 'Peoples Bank' is typically a state-chartered commercial bank; no explicit charter type in the text so this is an informed guess.

Events (2)

1. May 1, 1932* Suspension

Cause Details: Article does not state a reason for the suspension; only that the bank 'suspend[ed] business' for months prior to November 1932.
Newspaper Excerpt: This second dividend declared by the bank which suspendbusiness months. In May the bank distributed $60,000
Source: newspapers

2. November 7, 1932 Reopening

Newspaper Excerpt: The Peoples Bank will distribute $121 among depositors Monday. This second dividend declared by the bank which suspend business months.
Source: newspapers

Newspaper Articles (1)

1. November 5, 1932 The Plain Dealer Cleveland, OH

Article from The Plain Dealer, November 5, 1932

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Article Text

RALLY IN MARKET LAID TO EFFECT OF YOUNG SPEECH Car Loadings Report Today May Show Another Drop; to Discuss Further Rubber Control. BY GUY ROCKWELL Financial Editor Rallies in and securities took yesterday several of drifting and it parent that technical one heard in various day that Owen D. Young's speech in in New York Thursday had effect being in the markets The author of the Young Plan calmly state his belief farto in of recorded the market rails the car and this peak been Although there has been to car generally believed that other decline will be reported Reviews Take Opposite Views. Differences of opinion were found the reviews of trade by the cantile agencies this week streets effects political campaign and of sinking commodity prices, while Dun's said the undercurrent of ness stronger each week The latter review added that which were seasonal now give evidence of being permanent definite forward movement was couraged by the nominal number which are running at about per cent of year Work on Rubber Control The York Rubber Exchange learned vesterday that another ference of Dutch East Indies rubber ers has been to cuss control of rubber tion The conference proposed by the council of the Malaya Estates The price of crude rubber advanced moderately day Commodity Index Down Weakness re. Bureau Labor statistics figures for week ended October This index from against an early the occurring in products of the farm Miami County Bonds Sold of was the bus in relief bonds to be issued by the Miami County The interest be per cent New England Mutual Dividends regular scale of for 1933 has thorized by New land Mutual Life Insurance The board decided to continue the cent de per funds left with the composits and George Willard president is the dividend in the history of the company the and 1868 voted at the end of five-year period Since company has scale except and times these 33 subst were made Guardian Man to Speak William P. Davis assistant secre tary the Guardian the the eighth trust held at 17 and 18 under the American Bankers subject will be of Trust Investment Factors Profit or Loss. SIMMS PETROLEUM CO had net loss of in nine months ended Sept. 30 compared with loss in 1931 period Third quar ter $44 654 compared with defiof year Total for recent period was exclusive an additional provision of $487 812 for depreciation which charged to Direc tors 830 000 from surplus for revaluation AMERIC AN ROLLING MILL CO had quarter net loss $860 189 after This compares with net loss of quarter and net loss of $769 in first nine was 418 pared with net loss of $1 in American Telephone & Telegraph monthly statement Inter state ome $1 807 018 against $2.715 764 last year Gross was $7 compared E Report such come as dividends interest and other revenues Pullman Inc of in nine months Sept This net of $2,865,154 cents in 1931 period ADIO CORP OF AMERICA ported before amortization of patents and third quarter and nine months ending Sept Latter figure compares $11 49 first nine months of Alliance Bank to Pay ALLI Granted loan by the Finance the Peoples Bank will distribute $121 among depositors Monday This second dividend declared by the bank which suspendbusiness months In May the bank distributed $60,000 STOCKS