18600. Peoples Bank (Danville, PA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 10, 1910
Location
Danville, Pennsylvania (40.963, -76.613)

Metadata

Model
gpt-5-mini
Short Digest
d855fc0d

Response Measures

None

Description

Articles state the Peoples' Bank of Danville went into voluntary liquidation on Feb 10, 1910 and a receiver was named Feb 7, 1911. No run or depositor panic is mentioned. Classified as suspension (voluntary liquidation) leading to closure/receivership.

Events (2)
1. February 10, 1910 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank entered voluntary liquidation on Feb. 10, 1910; ceased operations as part of liquidation.
Newspaper Excerpt
went into voluntary liquidation Feb. 10, 1910
Source
newspapers
2. February 7, 1911 Receivership
Newspaper Excerpt
The court of common pleas of Dauphin county has named W. C. Pursel of Danville as receiver of the Peoples' bank of Danville ... Inability to liquidate the affairs of the bank without a receiver led to his appointment.
Source
newspapers

Newspaper Articles (2)
1. February 8, 1911 The Forest Republican Tionesta, PA
Article from The Forest Republican, February 8, 1911

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Article Text

Receiver Named For Bank. Danville. Pa., February 7. - The court of common pleas of Dauphin county has named W. C. Pursel of Danville as receiver of the Peoples' bank of Danville, which went into voluntary liquidation Feb. 10, 1910, following an existence of about seven years. Inability to liquidate the affairs of the bank without a receiver led to his appointment.

2. February 8, 1911 The Forest Republican Tionesta, PA
Article from The Forest Republican, February 8, 1911

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Article Text

Receiver Named For Bank. Danville. Pa., February 7. - The court of common pleas of Dauphin county has named W. C. Pursel of Danville as receiver of the Peoples' bank of Danville, which went into voluntary liquidation Feb. 10, 1910, following an existence of about seven years. Inability to liquidate the affairs of the bank without a receiver led to his appointment.