Peoples Dime Savings Bank & Trust Association

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: May 20, 1934
Location: Staunton, Virginia (38.150, -79.072)

Metadata

Model: gpt-5-mini
Short Digest: b9ddbb5b9ff915a5

Response Measures

None

Description

Article (May 20, 1934) reports James Morris as receiver for the People's Dime Savings Bank and Trust Association and gives receiver's cash balances. No run or reopening is mentioned; bank is in receivership, implying prior suspension and permanent closure. I corrected the bank name punctuation (People's -> Peoples) to match provided name.

Events (1)

1. May 20, 1934 Receivership

Newspaper Excerpt: On May balance in hand reported by James Morris, receiver for the People's Dime Savings Bank and Trust association. The report has been approved by. master corporation court, and confirmed by Judge Richard Ker. Receipts from April to May were balance of April was $804.87; total col$929.47. Disbursements for expenses and deposits for last month amounted to leaving balance of May of $783.53, according to the report.
Source: newspapers

Newspaper Articles (1)

1. May 20, 1934 The Daily News Leader Staunton, VA

Article from The Daily News Leader, May 20, 1934

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Article Text

BANK RECEIVER HAS BALANCE OF On May balance in hand reported by James Morris, receiver for the People's Dime Savings Bank and Trust association. The report has been approved by. master corporation court, and confirmed by Judge Richard Ker. Receipts from April to May were balance of April was $804.87; total col$929.47. Disbursements for expenses and deposits for last month amounted to leaving balance of May of $783.53, according to the report.