18425. Peoples State Bank (Longview, TX)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
August 18, 1916
Location
Longview, Texas (32.501, -94.740)

Metadata

Model
gpt-5-mini
Short Digest
3461524401337761

Response Measures

None

Description

Multiple contemporary reports (Aug 18, 1916) state a brief run on the People's/Peoples State Bank in Longview preceded closure by the bank examiner under orders of the Texas Banking Commissioner. Cashier and large sum missing, suggesting embezzlement/shortage triggered the run; the bank was closed by government action and no reopening is reported in these items.

Events (2)
1. August 18, 1916 Run
Cause
Bank Specific Adverse Info
Cause Details
Large shortage discovered; cashier G. N. Campbell reported missing along with about $70,000–$100,000, prompting depositors to make a short run.
Measures
None reported to stem withdrawals prior to examiner closure; bank examiner closed the bank following the run.
Newspaper Excerpt
The People's State bank, following a brief run this morning, was closed by John Wightman, bank examiner, under orders of Banking Commissioner Patterson.
Source
newspapers
2. August 18, 1916 Suspension
Cause
Government Action
Cause Details
Closed by state bank examiner on orders of the Banking Commissioner after discovery of a large shortage and missing cashier/stockholder.
Newspaper Excerpt
The Peoples State Bank ... was closed by John Weightman, bank examiner, under orders from Banking Commissioner Patterson.
Source
newspapers

Newspaper Articles (5)
1. August 18, 1916 The Waxahachie Daily Light Waxahachie, TX
Article from The Waxahachie Daily Light, August 18, 1916

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Article Text

LONGVIEW STATE BANK CLOSED BY EX EXAMINER. LONGVIEW, Texas, August 18.The People's State bank. following a brief run today, was closed by John Weightman, bank examiner, under orders from Banking Commissioner Patterson. The amount of the shortage was not stated, but it is believed to be large.

2. August 18, 1916 East Oregonian : E.O Pendleton, OR
Article from East Oregonian : E.O, August 18, 1916

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Article Text

TEXAS BANK CASHIER AND $100,000 MISSING 18.LONGVIEW, Tex., Aug. Banking Commissioner Patterson has closed the Peoples State Bank. Cashier G. N. Campbell and a hundred thousand dollars are missing. G. A. Bodenheim, a heavy stockholder, is also missing. Their whereabouts are unknown. Patterson is en route here from Austin to conduct a personal investigation. Depositors made a short run on the bank before closing.

3. August 18, 1916 Daily Capital Journal Salem, OR
Article from Daily Capital Journal, August 18, 1916

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Article Text

TEXAS BANK CLOSED. Longview, Texas, Aug. 18.- The Peoples State Bank, following a brief run this morning. was closed by John Wightman, bank examiner, under orders of Banking Commission Patterson. The amount of the shortage was not stated, but it is believed to be large. Unofficial advances from the department of banking and insurance at Austin, place the shortage at from $70,000 to $100,000.

4. August 18, 1916 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, August 18, 1916

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Article Text

CLOSE LONGVIEW BANK Texas Institution Believed to Have Shortage of $70,000. Longview, Tex., Aug. 18.-The People's State bank, following a brief run this morning, was closed by John Wightman, bank examiner, under orders of Banking Commissioner Patterson. The amount of the shortage was not stated but it is believed to be large. Unofficial advices from the department of banking and insurance at Austin place the shortage at $70,000.

5. August 24, 1916 Wood County Reporter Wisconsin Rapids, WI
Article from Wood County Reporter, August 24, 1916

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Article Text

TEXAS BANK IS CLOSED Amount of Shortage Not Known, But Believed to be Large. (By United Press Association) Long View Texas, Aug. 18.- The People's State Bank, following a run this morning was closed by John Whitman, bank examiner under orders of the bank commission. The amount of shortage was not stated, but it is believed to be large.