Peoples Bank - Covington, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 3, 1933
Location: Covington, Virginia (37.778, -79.986)

Metadata

Model: gpt-5-mini
Short Digest: fab52e27

Response Measures

None

Description

Article (Covington Virginian, 1933-03-03) states receivers of Peoples Bank will pay a dividend, indicating the bank is in receivership (permanently closed). No mention of a run in the provided text.

Events (1)

1. March 3, 1933 Receivership

Newspaper Excerpt: PEOPLES BANK RECEIVERS TO PAY DIVIDEND ... receivers of the Peoples Bank announced today that they checks for preparing cent dividend to be paid within few days.
Source: newspapers

Newspaper Articles (1)

1. March 3, 1933 Covington Virginian Covington, VA

Article from Covington Virginian, March 3, 1933

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Article Text

PEOPLES BANK RECEIVERS TO PAY DIVIDEND Look Out For Their Notice in Next Few Days receivers of the Peoples The Bank announced today that they checks for preparing cent dividend to be paid within few days. Further notice will appear in The Virginian shortly.