Peoples Bank - Danville, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 26, 1918
Location: Danville, Pennsylvania (40.963, -76.613)

Metadata

Model: gpt-5-mini
Short Digest: b2311e7a

Response Measures

None

Description

Article (Harrisburg Telegraph, 1918-10-26) reports receiver (William G. Pursel) and actions on receiver's report for Peoples' Bank of Danville; implies the bank has been closed and placed in receivership. The piece does not explicitly state the suspension date or describe a prior depositor run, but a receiver and auditing of funds indicate permanent closure/receivership. I inferred 'state' bank from the name (no 'National' or 'Trust').

Events (2)

1. October 26, 1918 Receivership

Newspaper Excerpt: William G. Pursel, the receiver, reported in his petition to the court ... Auditor Appointed. - The appointment of William J. Baldy as auditor of the receiver's report of funds of the Peoples' Bank of Danville, was revoked by the court to-day and William Kase West, named as his successor.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Court-appointed receiver overseeing bank funds; bank evidently closed and in receivership
Newspaper Excerpt: the receiver's report of funds of the Peoples' Bank of Danville
Source: newspapers

Newspaper Articles (1)

1. October 26, 1918 Harrisburg Telegraph Harrisburg, PA

Article from Harrisburg Telegraph, October 26, 1918

Click image to open full size in new tab

Article Text

Courthouse Notes Court Continued. - The quarterly sessions of divorce court which were to have been held on Monday have been postponed until the week of November 11, because of the epidemic of influenza. Need Teachers. - W.R. Zimmerman, assistant county school superintendent, announced to-day that two teachers are needed, one for a school in Royalton, the other for a vacancy in Swatara township. Auditor Appointed. - The appointment of William J. Baldy as auditor of the receiver's report of funds of the Peoples' Bank of Danville, was revoked by the court to-day and William Kase West, named as his successor. William G. Pursel, the receiver, reported in his petition to the court that Mr. Baldy has not taken any official action in auditing the first and final account. Administrators Named. - Acting Register of Wills James G. Miles has issued letters of administration in the following estates: William F. Brightly, late of the city, to the widow, Emonia Brightly; Elizabeth J. Jeffries, late of the city, to Christopher Jeffries; Catherine E. Zimmerman, late of Middletown. to John E. and Frank S. Zimmerman: John H. Wieand, late of the city, to Laura B. Wieand. The wil of Perry G. Elder, late of Harrisburg, was probated.