Peoples National Bank (Rock Island, IL)

View Charter #2155 on SPMC View balance sheet

Episode Information

Episode UID
215501100
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
21550 national
Charter Number
2155
Start Date
August 26, 1891
Location
Rock Island, Illinois (41.509, -90.579)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c03eb5883f6e30e5

Response Measures

None

Description

Events are routine holiday closures and a precautionary 60-day withdrawal notice; no runs or failures reported.

Events (7)
1. June 22, 1874 Chartered
Source
historical_nic
2. August 26, 1891 Other
Newspaper Excerpt
The People's National bank is now comfortably domiciled in its new quarters, formerly those of the Rock Island National and Mitchell & Lynde's banks, at the corner of Second avenue and Eighteenth street.
Source
newspapers
3. February 12, 1898 Suspension
Cause
Government Action
Cause Details
State/national holiday observance (Lincoln's birthday) prompted banks to suspend operations for the day.
Newspaper Excerpt
Lincoln's birthday anniversary is being observed as a national holiday by the Rock Island banks, which have suspended for the day.
Source
newspapers
4. February 11, 1905 Suspension
Cause
Government Action
Cause Details
State law making Monday a holiday for Lincoln's birthday led banks to close for the day.
Newspaper Excerpt
Banks Close Monday. Next Monday all of the banks in Rock Island and Moline will be closed because of our martyred president, Lincoln's birthday.
Source
newspapers
5. October 29, 1907 Suspension
Cause Details
Local bankers (precautionary measure) required 60 days' notice for withdrawals to protect institutions; temporary protective restriction.
Newspaper Excerpt
It was decided to put into effect the law requiring that all depositors give 60 days' notice before drawing on deposits in the bank.
Source
newspapers
6. October 23, 1917 Suspension
Cause
Government Action
Cause Details
Banks closed part of day for observance of federally proclaimed Liberty Day and to facilitate Liberty bond subscriptions.
Newspaper Excerpt
The banks will close for the afternoon, but will be open in the evening between 7 and 8 o'clock to receive Liberty bond subscriptions.
Source
newspapers
7. May 15, 1926 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (5)
1. August 26, 1891 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, August 26, 1891

Click image to open full size in new tab

Article Text

To the London for school suits. Simon & Mosenfelder for boys' suits. O. J. Dimick, of Chicago, is in the city. School suits by the thousands at the London. Money saved by buying your boy's suit at the London. Mylo Lee went to Chicago last night for a few days' visit. Largest selection of boys' clothing at Simon & Mosenfelder's. Miss Clara Smith left this morning on a short visit to friends in Savanna. Nice large cling and freestone peaches by basket, peck or busbel at Long's. George Browner receives large shipments of peaches and plums daily. Have you seen the immense line of boys' suits the London has received? New arrivals in boys' clothing, included in our special sale, Simon & Mosenfelder. Mesdames C. W. Negus and C. G. Gaver have returned from Niagara Falls. William Lash, of Wheeling, W. Va., is visiting his sister, Mrs. W. J. Woodworth. R. Crampton left last night for Chicago to complete the purchases of his fall stock of goods. Supt. John Huntoon, of the Rock Island & Milan road, left for Chicago last night on business. Robert Williams and family left this morning on a two weeks' visit to friends in Wisconsin. Whether you wish to buy or not, get prices on boys' clothing at Simon & Mosenfelder's. Mrs. John Baker and son Rufus, left today for Chicago, where she will spend a few weeks with friends. The new bose wagon for the Rock Island paid fire department arrived this morning. It is a beauty. Mrs. H. B. Sudlow and Misses Fannie Sudlow and Hattie Jackson went to Peoria yesterday afternoon. Carter's famous "Fast Mail" company is booked for Tuesday evening, Sept. 1, at the Burtis opera house, Davenport. Price Williams, of Wyoming, III, are rived in the city yesterday, and has act cepted & position at F. Young's grocery. Tom B. Reidy, assistant ticket agent at the C., R. I. & P. depot, left for Chi. cago this morning on 8 short business trip. School days are near at hand and to give every one 8 chance Simon & Mosenfelder continue their special boys' suit sale for another week. Will Eggleston left this morning for Chicago where he will introduce the new Johnson Galt ruby pin setter to the jewelers of that city. The little son of Mr. and Mrs. Earnest Cubitz died at its parent's home in Moline at 3 a. m. today and the funeral occurred at 3 o'clock this afternoon. Small lots in boys' and children's suits, whether the finest or cheapest, sold at one-third actual value. None to be carried over. Simon & Mosenfelder. M. J. McEniry and W. A Meese, of Moline, filed 8 bond in the Burus sambling house case taking 80 appeal to the December term of the appellate court. An itinerant and destitute band, apparently Turks. have been working the city today It is about as tough 8. looking crowd as is generally seen outside of Kansas. A 10-year old daughter of A. Johanson was run down by a carriage team on Eighteenth street at 5 :30 last evening. Dr. Paul, who attended the child, found that she had sustained no serious injuries. The merchants' concert in Spencer square last evening was another great success. The Light Guard band, of Moline, presented a choice programme of music which was appreciated by square packed with people. A dispatch has been received from Orrin Leonard stating that he will reach home tonight, and the funeral of his little daughter will be held from his home in South Rock Island ar 9:30 tomorrow morning. ThelPeople's National bank is now comfortably domiciled in its new quarters, formerly those of the Rock Island National and Mitchell & Lynde's banks, at the corner of Second avenue and Eighteenth street. The Young People's society of Christian Endeavor of the Central Presbyterian church, will hold a golden rod social in the lecture room of the church. Thursday evening, Aug. 27, to which all are cordially invited. "Pie parties" are the latest fad among the ingenius young people of Burlington. After a moonlight drive the well filed wagon is drawn up in front of a well

2. February 12, 1898 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, February 12, 1898

Click image to open full size in new tab

Article Text

# TOWN TOPICS. The Kinship cigar. Hard wood at McKown's. Johnson and Lundin at Harper's theatre tonight. Your brother smokes the Kinship cigar. Do you? "Forget Me Not" by the Paiges at the theatre tonight. Mrs. Harry Horne, of Washington, Iowa, is visiting her sister, Mes. J. F. Horne. Lot $1 and $1.50 shirts, your choice 75 cents, slightly soiled. Stewart, the hatter. Closing out new furniture at cost and less. C. F. Spicer, 410 West Second street, Davenport. See Johnson and Lundin. the famous strong men, with the Paiges at Harper's theatre tonight. Clint L. Cash leaves shortly for Nebraska to work in the interest of the Fraternal Tribunes as deputy state organizer. See the great $50 contest at Harper's theatre tonight between Johnson and Lundin and Bob Fulsom-10, 20 and 30 cents. Lincoln's birthday anniversary is being observed as a national holiday by the Rock Island banks, which have suspended for the day. Go to Harper's theatre tonight, see the Paiges in the beautiful play, "Forget Me Not;" the great contest of strength, the new specialties and get a rocking chair. All for 10, 20 and 30 cents. G. W. McCaskrin, F H Caldwell, Thomas Campbell, S. W. Heath and Eli Corbin atteaded the Tenth Congressional District Farmers' institute at Morrison as delegates from Rock Island county. Rev. C. E. Taylor, J. J. Rosch, C. G Taylor and Miss Maud Mabie attended the semi-annual meeting of the Young People's Usion of the Rock Island Baptist association at Orion, yesterday. The will of the late Ludwig Geisenhagen, of this city, has been probated in the county court. The testator leaves all his property to his wife, Sophia Geisenhagen, who is appointed executrix without bond. John Workman and Miss Marths Reynolds, two well known young people of the lower end of Rock Island county, were married Feb. 8 in Muscative by Rev. S. H. Parvis, of the Presbyterian church. They will reside near Foster. Bob Fulsom, an iron worker of Moline, well known as a local strong man, will endeavor to win the $50 offered by Johnson and Lundin. The contest will take place tonight at Harper's theatre between the acts of the play, "Forget Me Not." The Keokuk Constitution-Democrat, in the interest of a movement on foot in that city to erect a Y. M. C. A. building, is publishing a series of cuts of representative structures in other cities. That of the Rock Island association building appeared in the issue of yesterday. W. R Stirling, of Chicago, will deliver an address at Trinity church Sunday morning, Feb. 20, on "Wanted, Men." Mr. Stirling is a member of the Brotherhood of St. Andrew, whose object is the "spread of Christ's kingdom among young men." All who have been baptized in the Protestant Episcopal church are eligible to membership in the brotherhood. Rev. R. G. Hobbs, of Jacksonville, who went to India with the ship load of corn for the famine sufferers, has returned home, and has been secured for a lecture Feb. 24 by the Epworth League of the First M. E. church. The lecture will be richly illustrated with stereopticon views covering the entire journey and showing the actual condition of the people of India. Hon. Henry Sabin, state superintendent of public instruction of Iowa, lectured on "Horace Mann" at the High school last evening. He was greeted by a large audience of teachers and their friends, who found the lecture a highly instructive one. Prof. John M. Finley, president of Knox college will give the last lecture in the teachers' lecture course. He will speak on "Domsei" of Ian McLaren's "Bonnie Briar Bush," to which will be given next month.

3. February 11, 1905 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, February 11, 1905

Click image to open full size in new tab

Article Text

Banks Close Monday. Next Monday all of the banks in Rock Island and Moline will be closed because of our martyred president, Lincoln's birthday. His birthday is on Sunday, but the state law provides that Monday is a holiday, consequently the suspension.

4. October 29, 1907 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, October 29, 1907

Click image to open full size in new tab

Article Text

chosen president and H. L. Chapman of the First National bank of Moline secretary. The move is similar to the action of Chicago bankers and those of other cities, the purpose being to protect both the banks and the depositors. It was decided to put into effect the law requiring that all depositors give 60 days' notice before drawing on deposits in the bank. This notice will be required to withdraw amounts of any size, either large or small. ### Merely as Protection. The action of the bankers was not caused by any feeling of alarm on their part regarding the local financial situation, but was taken simply as a precautionary measure to make further remote the liability of any disturbance in the two cities. No stringency is expected in any form by local bankers. ### To Protect Moline. The measure, it is said, is largely for the purpose of protecting the banks in Moline. The initiative in the action was taken in Moline, and it is understood that the Moline banks are the ones most urgently in need of the measure of the 60 day notice. The Moline institutions are called on to meet a weekly pay roll withdrawal of $125,000 a week, and the action of the Chicago banks has placed the Moline institutions in a position where it is absolutely necessary to demand the 60 days' notice. The enforcement of the 60 day notice rule is expected by the local bankers to be only temporary, and there is nothing in the local situation to occasion any alarm. The measure is taken merely for the protection of deposits.

5. October 23, 1917 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, October 23, 1917

Click image to open full size in new tab

Article Text

Liberty Day in Rock Island. Tomorrow is Liberty day, so proelaimed by the president of the United States. It has been set aside as a day of patriotic discussion and endeavor, in which all of the people are invited to participate to the end that we shall all get firmly fixed in our minds that there is a burden for each of us to carry in the pushing of the war. Here in Rock Island, as elsewhere over the nation, the observance is to take the form of a holiday, numbers of concerns having agreed to suspend activities that their attaches may get the full benefit of the occasion. The banks will close for the afternoon, but will be open in the evening between 7 and 8 o'clock to receive Liberty bond subscriptions. United States Senator Lawrence Y. Sherman will be in the city to help in making the observance the success that those promoting the arrangements hope that it will be. The senator is scheduled to speak at the mass meeting to be held at the Illinois theatre between 1 and 2 o'clock in the afternoon, the use of the playhquse having been donated by Uno Bradley, the manager. There will be band music also. The senator has selected for the subject of his address "A Message From Washington." He will tell us some of the things that are happening at the national capital that we may not have heard about. He will give a little light on the work of the kaiser's agents in this country in their attempts to undermine the government and to create conditions that would have left us in a pitiable state of unpreparedness, an easy prey for the kaiser and his powerful war machine when the campaign in Europe had been executed according to the original plans of Berlin. Mr. Sherman will have a message that ought to be heard by every resident of Rock Island. Of course, the theatre will not accommodate the entire city. But thère is room for a couple of thousand. It will be crowded, and you are advised to be on hand early if you want to get a seat. There will be no admission fee and there will be no solicitation of any kind.