19483. Peoples State Bank (Walla Walla, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 14, 1932
Location
Walla Walla, Washington (46.065, -118.343)

Metadata

Model
gpt-5-mini
Short Digest
6863dcf441920da6

Response Measures

None

Description

Articles state the People's State Bank of Walla Walla closed September 14, 1932 and is in liquidation under the state banking department (i.e., in receivership). No article describes a depositor run prior to suspension or any reopening—only dividends paid by the liquidator—so this is a suspension leading to permanent closure/receivership.

Events (3)

1. September 14, 1932 Receivership
Newspaper Excerpt
the People's State bank of Walla Walla, in the hands of the state banking department, since September 14, will receive checks for their first dividend, 10 per cent, January 25, the liquidator announced.
Source
newspapers
2. September 14, 1932 Suspension
Cause
Government Action
Cause Details
Bank was placed in the hands of the state banking department and entered liquidation on Sept. 14, 1932.
Newspaper Excerpt
the People's State bank, in the hands of the state banking department, since September 14,
Source
newspapers
3. January 25, 1933 Other
Newspaper Excerpt
Depositors of the People's State bank of Walla Walla, in the hands of the state banking department, since September 14, will receive checks for their first dividend, 10 per cent, January 25, the liquidator announced.
Source
newspapers

Newspaper Articles (5)

Article from The Kennewick Courier-Reporter, January 26, 1933

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Article Text

The county commissioners at Davenport recently fixed the scale of wages or county road workers as follows: Trucks, 75 cents an hour, owner to furnish gasoline and oil; caterpillar and grader men, 50 cents an hour; horses, 75 cents a day; truck drivers, 35 cents an hour; bridge crew foremen, 50 cents an hour; bridge crew Iaborers, 35 cents an hour; laborers, other than bridge men, 30 cents an hour. A civil war is on in Yakima over the policy of the city commissioners in sending out unemployed men to trim the shade trees of the city. Home owners declare that their trees are being butchered and that the city has no jurisdiction over them. The commissioners assert that the pruning is being done scientifically and that It is necessary to provide work. Poor old Dobbin is a victim of a hit-and-run driver. Some one noticed an unnatural hump in the left shoulder of a tramp horse recently at Tacoma. An operation revealed it was caused by the door handle of an automobile, imbedded there, presumably in a collision with a motor car. Depositors of the People's State bank of Walla Walla, in the hands of the state banking department, since September 14, will receive checks for their first dividend, 10 per cent, January 25, the liqiudator announced. About $96,300 will be disbursed to about 3000 claimants. Through the courtesy of SuperIntendent H. H. Helwig of the Lehigh Portland Cement company, the rod and gun club of Metalin Falls has been accorded the use of the old company barn, which has been unused for several years, as an indoor rifle range. The Puget Island branch of the Columbia River Fishermen's Protective union is circulating petitions urging the Washington legIslature to advance the date of the opening of the Columbia river commercial salmon fishing season from May 1 to April 15. Hungry elk in the Hansen ferry district are damaging hay fields, the farmers report. An investigation is under way to determine the person or persons who are said to be shooting the elk, and they will be prosecuted on the wastage act. Scrip in denominations of $1, $3 and $10 will be issued by the Cheney school district in exchange for warants held in trust by the board of directors. The purpose is to aid receivers of school warrants in meeting their obligations. Alleging she has sinus infection because of injuries received when a folding closet bed closed up, while she was sleeping on it. Amalie Wolff has brought suit for $15,278 damages against G. H. Gustafsen of Aberdeen. J. J. Crawford, Yakima. valley rancher, has started breaking bulls and steers to harness. He intends to use at least 10 per cent of them to pull plows, harrows and other farming machinery. Blind for 20 years but with his eyesight restored by an operation three months ago, Edward Turner Bates, 87 years old, is dead, at his a home in Spokane. Death was by a pneumonia resulting from a cold. e C Stockholders of the Old Union C Ditch company, organized 50 years ago in Yakima county, have celebrated its 50th anniversary and approved now articles of in D ation. p V


Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Walla Bank Open Under License WALLA WALLA July 17. (4)-The Union Bank and Trust company was reopened under license issued by the state banking department today. after having been closed since February 11, 1933 Forty cent of old posits were made immediately available and depositors have taken certificates an affiliate holding company for the balance of their claims. The reopening this bank leaves one financial institution. the People's State bank, in liquidation. It closed September Harold Davis, years Colfax banker and since November. 1932. credit with the Regional Agricultural Credit corporation, Spokane, has joined the Union Bank and Trust company cashier Harry Lasater president when the bank suspended operations, in his position as head of the reorganized institution.


Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Walla Bank Open Under License WALLA WALLA July 17. (AP)-The Union Bank and Trust was company reopened under license issued by the state banking department today, having been closed since February 11, 1933. Forty cent of old posits made immediately available and depositors have taken certificates in affiliate holding pany for the balance their claims The this bank leaves one financial the People's State bank, in liquidation. It closed September 14, Harold Davis, years Colfax banker since November, 1932, credit examiner with the Regional Agricultural Credit corporation, Spokane, has joined the Union Bank and Trust company cashier. Harry Lasater, president when the bank pended operations, continues his position head of the reorganized institution.


Article from The Bellingham Herald, July 17, 1934

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Article Text

APPEAL REJECTED Mrs. Antonio Must Hang Unless Governor Intercedes ALBANY N. July The court appeals ruled Monthat Mrs. Anna Antonio, convicted husband must die in the electric chair at Sing Sing prison unless Her execution has been set for August BANK REOPENED WALA WALLA July The Union B Trust Company by the state banking department today after closed since February 1933 Forty per cent old deposits were immediately available deposihave affiliate holding company for the balance of their claims. The opening of this bank leaves financial institution. the People's State Bank. in liquidation closed September 14. 1932 The Union Bank First National Bank Walla closed on the same day and the latter reopened under federal cense February 1934.


Article from The Oregonian, July 18, 1934

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Article Text

Walla Walla Bank Reopens. WALLA WALLA July 17. Union rust pany was under issued by the state banking department after having been closed since February 11, 1933. Forty per and depositors have taken certificates in affiliate holding pany for balance of their claims The leaves one financial insti tution, the Peoples State bank, in liquidation 1932. Harold Davis 15 years fax and credit with the regional credit kane, has the Union & Trust company as Harry Lasater president the suspended, continues as head of the reorganized Strike Hurts Local Business. With the strike well into third every of seriously to the July issue fected, Business Sur whose Portland vey, fell for from May 65 for June, 1933 for off 46 per cent, textile production 25 per cent Flour at per of capacity compared 57 cent during May Inability to brought production to virtual standstill Uneasiness probably was responsible for struction below 1933 for the going first time. With a considerable contraction in buying power a direct result, retail trade slowand collections difficult Almost generally business activity was the 25 per cent increase in automobile sales DuPont Earnings Up Slightly. E. Du Pont de Nemours & Co., in for the second the quarter earned 96 cents on comstock from to on Pont total of 90 cents share on earnings Du Pont 22% cents a share Motors investthe preceding quarter. Stock Stricken From Trading. The New York stock exchange has from trading Apparel stock the failure to of for the fiscal year Mexican has been from the exchange of Business Failures Increase. Inc. reports 211 Dun & failures the United States for the ended July 12, against 181 in the previous NEW others Great Britain cables cables 67 Norway, Sweden. 4.59 Spain Poland Hungar peso, New York in New York Money and NEW YORK paper per reserve Bar London Money and Silver LONDON and cent gold basis of Bank Clearings Balances Portland Spokane Tacoma Portland Foreign Exchange The subject following are subject to prevailing reg. sterling kronor 100 currency 100 100 Buying currency.