Peoples National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10677
Charter Number: 10677
Start Date: November 18, 1931
Location: Lodi, Ohio (41.039, -82.010)

Metadata

Model: gpt-5-mini
Short Digest: 05e91005

Response Measures

None

Receivership Details

Depositor recovery rate: 88.4%
Date receivership started: 1931-12-08
Date receivership terminated: 1937-03-27
Share of assets assessed as good: 30.8%
Share of assets assessed as doubtful: 66.8%
Share of assets assessed as worthless: 2.5%

Description

Article (News Journal, Mansfield OH, 1932-05-08) reports the Peoples National Bank of Lodi closed Nov. 18 (1931) and that A. E. Evenson, receiver, announced a dividend May 7, 1932. No run is mentioned; the bank remained closed and was in receivership.

Events (4)

1. January 4, 1915 Chartered

Source: historical_nic

2. November 18, 1931 Suspension

Cause Details: Bank closed on Nov. 18; specific trigger for suspension not given in article.
Newspaper Excerpt: The bank closed last Nov. 18.
Source: newspapers

3. December 8, 1931 Receivership

Source: historical_nic

4. May 7, 1932 Receivership

Newspaper Excerpt: A first dividend of 40 per cent has been declared by A. E. Evenson receiver of the Peoples National bank here, it was announced to The dividend will be ready for distribution ... The bank closed last Nov. 18.
Source: newspapers

Newspaper Articles (1)

1. May 8, 1932 News Journal Mansfield, OH

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Article Text

DIVIDEND WILL BE PAID BY LODI BANK Receiver Announces 40 Per Cent For Peoples National LODI. O., May 7-A first dividend of 40 per cent has been declared by A. E. Evenson ceiver of the Peoples National bank here, it was announced to The dividend will be ready for distribution at the office of the receiver in the bank building a.m. next Thursday Payment of the dividend requires approximately $170,000 was said. The bank closed last Nov. 18.