Article Text
CLEVELAND BANK CLOSED BY ORDER OF EXAMINERS Special. CLEVELAND, Tenn., Feb. People's bank suspended at the close business today on order of State Bank F. are here to straighten Details of the bank's condition could
20598. Peoples Bank (Cleveland, TN)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- February 2, 1931
- Location
- Cleveland, Tennessee (35.160, -84.877)
Metadata
- Model
- gpt-5-mini
- Short Digest
3d63a78c
Response Measures
None
Description
Bank was closed by order of state examiners in early February 1931 and a receiver was appointed shortly afterward. No mention of depositor runs in the articles — sequence is suspension by examiners then receivership/liquidation.
Events (2)
1.
February 2, 1931
Suspension
- Cause
- Government Action
- Cause Details
- Closed by order of state bank examiners (state banking authorities ordered suspension).
- Newspaper Excerpt
- People's bank suspended at the close business today on order of State Bank ...
- Source
- newspapers
2.
February 12, 1931
Receivership
- Newspaper Excerpt
- Greenlaw of ... has been named as Receiver of People's bank and will take charge of liquidation ... The bank was closed Tuesday of last week; A bill filed by Atty.-Gen. ... asks that D. D. Robertson, state bank superintendent, be appointed receiver for People's Bank (deposits $311,077). (Feb. 8 and Feb. 12 articles).
- Source
- newspapers
Newspaper Articles (3)
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Article Text
NURSE WANTS WORK Man With War Record Can Attend Invalid Alexander Batten. who battled with the Canadian forces in France from 1914 to 1918, now has battle with hard times. Batten has had years of experience as nurse, taking care of special and institutional cases. He can do almost any kind of work around a hospital and has excellent references. Both the Red Cross Chapter and the ¥. M. C. A. are trying to help him find work. Any family that has a man invalid in need of services is urged to call either organization. BANK RECEIVER ASKED Special Sentinel CLEVELAND. Tenn. A bill filed by Atty.-Gen. R. Beecher Witt asks that D. D. Robertson, state bank superintendent, be appointed receiver for People's Bank. It says that the bank, which closed Monday, had deposits of $311,077, with 1603.36 cash on hand. Loans and discounts totaled $386,764.70. Assets and liabilities were listed at $445,762.74.
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Article Text
BANK RECEIVER NAMED (Knoxville Journal Special) CLEVELAND. P Greenlaw of has been named as Reople' bank and will take charge of liquidation as soon 08 State Ex aminer F. L. Gardner his inventory The bank was closed Tuesday of last week