Article Text
CLEVELAND BANK CLOSED BY ORDER OF EXAMINERS Special. CLEVELAND, Tenn., Feb. People's bank suspended at the close business today on order of State Bank F. are here to straighten Details of the bank's condition could
17866. Peoples Bank (Cleveland, TN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- February 3, 1931
- Location
- Cleveland, Tennessee (35.160, -84.877)
Metadata
- Model
- gpt-5-mini
- Short Digest
f0a85864da765842
Response Measures
None
Description
Articles (Feb 3–Feb 12, 1931) report People's (Peoples) Bank of Cleveland, Tenn. was suspended by state examiners and subsequently placed in receivership. OCR errors in Article 3 (Reople' bank) corrected to People's bank. No article describes a depositor run or heavy withdrawals; suspension was by order of state examiners and led to appointment of a receiver (closure).
Events (3)
1.
February 3, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Suspended by order of state bank examiners / State Bank Superintendent (order of examiners)
- Newspaper Excerpt
- CLEVELAND, Tenn., Feb. People's bank suspended at the close business today on order of State Bank F. are here to straighten Details of the bank's condition
- Source
- newspapers
2.
February 8, 1931
Other
- Newspaper Excerpt
- A bill filed by Atty.-Gen. R. Beecher Witt asks that D. D. Robertson, state bank superintendent, be appointed receiver for People's Bank. It says that the bank, which closed Monday, had deposits of $311,077, with 1603.36 cash on hand.... Loans and discounts totaled $386,764.70. Assets and liabilities were listed at $445,762.74.
- Source
- newspapers
3.
February 12, 1931
Receivership
- Newspaper Excerpt
- BANK RECEIVER NAMED ... Greenlaw ... has been named as Receiver of People's bank and will take charge of liquidation ... The bank was closed Tuesday of last week
- Source
- newspapers
Newspaper Articles (3)
Click image to open full size in new tab
Click image to open full size in new tab
Article Text
NURSE WANTS WORK Man With War Record Can Attend Invalid Alexander Batten. who battled with the Canadian forces in France from 1914 to 1918, now has battle with hard times. Batten has had years of experience as nurse, taking care of special and institutional cases. He can do almost any kind of work around a hospital and has excellent references. Both the Red Cross Chapter and the ¥. M. C. A. are trying to help him find work. Any family that has a man invalid in need of services is urged to call either organization. BANK RECEIVER ASKED Special Sentinel CLEVELAND. Tenn. A bill filed by Atty.-Gen. R. Beecher Witt asks that D. D. Robertson, state bank superintendent, be appointed receiver for People's Bank. It says that the bank, which closed Monday, had deposits of $311,077, with 1603.36 cash on hand. Loans and discounts totaled $386,764.70. Assets and liabilities were listed at $445,762.74.
Click image to open full size in new tab
Article Text
BANK RECEIVER NAMED (Knoxville Journal Special) CLEVELAND. P Greenlaw of has been named as Reople' bank and will take charge of liquidation as soon 08 State Ex aminer F. L. Gardner his inventory The bank was closed Tuesday of last week