Peoples National Bank - Reynoldsville, PA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 7620
Charter Number: 7620
Start Date: March 1, 1933*
Location: Reynoldsville, Pennsylvania (41.097, -78.889)

Metadata

Model: gpt-5-mini
Short Digest: 9fed3dfd

Response Measures

None

Description

Article (Feb 1, 1934) reports the reorganized Peoples National Bank of Reynoldsville opened after a prior 'bank holiday last March' when the old bank ceased operations. No run or depositor panic is described. I inferred the suspension was due to the bank holiday (government action). OCR errors in the article (e.g., 'People Bank at Opens', 'The ples National Bank of Reynoldsopened') were corrected when identifying the bank and meaning. Reopening date estimated from text: 'opened Thursday of last week' in a Feb 1, 1934 paper — taken as 1934-01-25.

Events (4)

1. February 21, 1905 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed during the statewide/local 'bank holiday' referenced as occurring last March
Newspaper Excerpt: Following the bank holiday last March
Source: newspapers

3. January 25, 1934 Reopening

Newspaper Excerpt: The reorganized Peoples Bank in Reynoldsville opened Thursday of last week ... successor to the Peoples National Bank of Reynoldsville. The bank took over 50 per cent the liabilities and 50 cent of the assets of the old bank and immediately upon opening cent of the old deposits made available depositors in the bank.
Source: newspapers

4. September 7, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 1, 1934 The Jeffersonian-Democrat Brookville, PA

Article from The Jeffersonian-Democrat, February 1, 1934

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Article Text

Peoples Bank at Opens The reorganized People Bank in Reynoldsville opened Thursday of last week, and there general jubilation in the neighboring town. Following the bank holiday last March The ples National Bank of Reynoldsopened restricted basis. committee headed by E. president of the Burial Case Company, almost immediately launched effort to secure organization of the bank that would permit operation an restricted scale. How successful that effort was became apparent Thursday when the Peoples National Bank in Reynoldsville opensuccessor to the Peoples National Bank of Reynoldsville. The bank took over 50 per cent the liabilities and 50 cent of the assets of the old bank and immediately upon opening cent of the old deposits made available depositors in the bank. As evidence of the faith (Continued on Page