21591. Peoples Bank (Gretna, VA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 23, 1930
Location
Gretna, Virginia (36.954, -79.359)

Metadata

Model
gpt-5-mini
Short Digest
fdef4625

Response Measures

None

Description

Multiple AP articles (dated Dec 23, 1930) report the Peoples Bank of Gretna, Va. 'had suspended business' and that a state examiner was sent to take charge. No articles mention a reopening; classification = suspension leading to closure/receivership (state took charge).

Events (1)
1. December 23, 1930 Suspension
Cause
Government Action
Cause Details
State Division of Insurance and Banking announced suspension and sent an examiner to take charge; bank taken into state custody.
Newspaper Excerpt
The State division of insurance and banking today announced that the Peoples Bank of Gretna, Va., had suspended business. An examiner from the State division was sent to take charge.
Source
newspapers

Newspaper Articles (10)
1. December 23, 1930 Corsicana Daily Sun Corsicana, TX
Article from Corsicana Daily Sun, December 23, 1930

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PRESIDENT BANKING COMPANY FOUND SHOT TO DEATH IN HOME ADDITIONAL BANKS OVER NATION FAILED TO OPEN TUESDAY BALTIMORE, Dec. 23.-(P)-T. Edward Hambleton, 44, president of the banking firm of Hambleton and company, was found shot death in his home at Luthersuburb, today. Judge William Butler, corgave verdict suicide. was caused by a bullet wound the head. The banker, president in New York, Baltimore and European SOciety, had just returned from big game hunting expedition in during which his wife the former Adelaide McAlpin, daughter of the New York hotel magnate, established in Reno to seek They had been married for 20 years. Mr. Hambleton was said by his friends to have become depressed over his martial difficulties and the death of his brother, John Hambleton, who was killed in an airplane crash year ago. Miami Bank Closes MIAMI, Fla., Dec. The City Bank of Miami Beach, which heavy run following the closing of the City National Bank in Miami, did not open today. Clements, vice-president and cashier said the bank closed the order of state bank examiners to protect its assets. The bank had capital stock of $100,000, surplus $50,000 and deposits of $600,000 at the last call. Two Connecticut Banks Closed HARTFORD, Dec. Hartford banks, the Riverside Trust company, and Palloti Andretta and company, were suspended today by Bank Commissioner Lester Shippee, following runs on both institutions which have been in progress since last July. Pallotti, Andretta and company, control of the Riverside own Trust company. The state for 1930 gave the capital of the Riverside Trust company $400,000, surplus $600,000, undivided profits $244,229, savings deposits $643,805 and commercial deposits Philadelphia Bank Robbed. PHILADELPHIA, Dec. -Several robbers today held the North branch the Plaza Trust company and escaped with about $7000. Alabama Bank Fails. BESSEMER, Dec. City National Bank and the Bessemer Trust and Savings bank failed to open today. Officials said they were acting for the best interests of depositors. Virginia Bank Suspends. RICHMOND, Dec. state division of insurance banking today announced that the Peoples Bank of Gretna, had suspended business. The bank capitalized $50,000 and had deposits of $474,000. O. Ramsey was president. Fall To Enter Vault. AUSTIN, Dec. proved poor excavators last night attempted to dig their when way into the Blanco National Bank at Blanco, according to telephoned information received here. They dug to steel wall envault and then gave closing it up for bad job. Georgia Bank Closed. WASHINGTON, Ga., Dec. (AP)-A notice on the door of the National Bank of Wilkes county here today said the institution had been closed pending a meeting of the board of directors. The bank was capitalized at $50,000 and assets were reported at $400,000. Florida fruit box containing 45 oranges, grapefruit, 20 tangerines, 100 kumquarts, jar fruit preserves. Express prepaid anywhere Growers Packing Company, P. O. Box 282, Tampa, Fla.

2. December 23, 1930 Evening Star Washington, DC
Article from Evening Star, December 23, 1930

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VIRGINIA BANK SUSPENDS. RICHMOND, Va., December 23 (AP). -The State division of insurance and banking today announced that the Peoples Bank of Gretna, Va., had suspended business. The bank was capitalized at $50,000 and had deposits of $474,000. O. Ramsey was president.

3. December 23, 1930 The Evening Sun Baltimore, MD
Article from The Evening Sun, December 23, 1930

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Patridge To Senate Succeeds Late Frank Greene, tion March Two Closed In Hartford [By Associated Press] Hartford, Conn., Dec. Hartford banks, the Riverside Trust Company and Pallotti, Andretta by Bank Commissioner Lester E. Shippee following both institutions which been progress since last July. Pallotti, Andretta Co. control the Riverside Trust Company. The State Manual for 1930 give the capital Riverside Trust Company $400,000, surplus $600,000. undivided profits savings posits $643,805 and commercial posits $3,185,455.10. business Bank Fails To Open United Senator Miami, Dec. 23 City Weeks the the death Bank Miami Beach, which underFrank Greene last WedSenator heavy yesterday following nesday. the closing the City National Bank will until Partridge Miami, did not morning. elected special election Clements, vice-president and called by the Governor today, said the bank closed at the orheld March 31. The Governor also der State bank examiners protect directed special Senatorial held March the regular its assets. mary meeting The bank had capital stock staunch surplus of $50,000 and From 1888 1890 years posits $600,000 the last call. served secretary the Secretary appointed Virginia Bank Shut Down the Department State, and Dec. 23 named special envoy State Division Insurance and Bankpresident the today announced that the People's Company. Bank Gretna. had suspended An examiner from the RITES FOR UNIONTOWN sent charge. WOMAN WEDNESDAY The bank capitalized had deposits of Mrs. Eva Garner Was Active Ramsey was president. Suspension In Georgia Washington, Ga., Dec. notice door of the National Bank Wilkes County here today the institution had been closed pending meeting the board rectors. The bank capitalized and assets were reported $400,000. Two Closed Bessemer City Bank the Bessemer Trust and Savings Bank failed open today and officials issued statements they were "acting for the best interests Officials of the Bessemer Trust Savings Company said the closing institution Dent State Banking SuperClosing the National

4. December 23, 1930 The Evening Sun Hanover, PA
Article from The Evening Sun, December 23, 1930

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CITY BANK OF BEACH, CLOSES MIAMI, City Bank of Miami Beach, which underwent heavy run yesterday following closing of the City National Bank of Miami, did not open this morning. Clements, vice-president and cashier, said the bank closed on orders of the state bank examiners protect assets. The bank had capital stock $100,000, surplus of and deposits $600,000 the last TWO INSTITUTIONS ARE SUSPENDED AT HARTFORD, CONN. HARTFORD, CONN., DEC. Hartford banks, The Riverside Trust Company and Pallotti Andretta and Company, were suspended by Bank Commissioner Shippee following runs on both institutions today which have been in progress since last July. Pallotti Andretta and Company owned control of the Riverside Trust Company. The state manual for 1930 gave the capital of the Riverside Trust $400,000; surplus, $600,000; undivided profits $244,229; pany posits $643,805 commercial deposits PEOPLES BANK OF RICHMOND, VA., DEC. state division insurance and banking today that the Peoples Bank of Gretna, had pended business. An examiner from the state division sent take charge. The bank was capitalized and had deposits of Ramsey was president.

5. December 23, 1930 The Sentinel Winston-Salem, NC
Article from The Sentinel, December 23, 1930

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VA. BANK CLOSES; ONE IN CONN. AND IN FLA. SUSPEND The State vision of Insurance and day announced that the Peoples Bank of Gretna. Va., had suspended An examiner from the State Division was sent to take charge. The bank was spitalized at $50, 000 and had deposits of $474,000. O. L. Ramsey was president Fla. City Bank Miami run following the closing of the City National Bank in Miami, did not open this morning. L. and cashier, the closed in order to The had capital stock of $100,000. surplus of $50,000 and posits of $600,000 at the last Conn. Hartford Riverside Trust Company, and Pallotti Andretta and Bank Lester E. Ship following runs on both institu tions been in progress since last The manual 1930 gave the capital of the Riverside Trust Incorporated in as 805 and commercial deposits $3.-

6. December 23, 1930 The Daily Nonpareil Council Bluffs, IA
Article from The Daily Nonpareil, December 23, 1930

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RUN CLOSES BANK. NEW YORK, N. Press. Dec. The state superintendent of banks, Joseph Brodery, today took possession of the Chelsea Bank and Trust company, a small institution largely patronized by actors and others in the theatrical business. It was capitlaized at $2,500,000, has deposits of approximately $18,000,000 and total resources of $23,000,000. The closing of the bank followed a run on the institution which developed last night and continued this morning. Associated Press.) RICHMOND, Va., Dec. 23.-The state division of insurance and banking today announced that the Peoples bank of Gretna, Va., had suspended business. The bank was capitalized at $50,000 and had deposits of $474,000. (By The Associated Press. HARTFORD, Conn., Dec.

7. December 24, 1930 The Baltimore Sun Baltimore, MD
Article from The Baltimore Sun, December 24, 1930

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ments, saying they were "acting for the best interests of depositors." Miami Beach Bank Fails Miami, Fla., Dec. 23 (AP)-The City Bank of Miami Beach, which underwent a heavy run yesterday following the closing of the City National Bank in Miami, did not open this morning. C. L. Clements, vice-president and cashier. said the bank closed at the order of State Bank Examiners to protect its assets. Virginia Bank Suspends Richmond, Va., Dec. 23 (AP) The State Division of Insurance and Banking today announced that he Peoples Bank of Gretna, Va., had suspended business. An examiner for the State division was sent to take charge. The bank was capitalized at $50,000 and had deposits of $474,000.

8. December 24, 1930 The Fresno Bee Fresno, CA
Article from The Fresno Bee, December 24, 1930

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LOS ANGELES demand wheat czar Beach was closed yetserday to pro"Diedrichs, the letter continued officials BAY BUTTERFAT "brought me contain- (By The Associated run on the bank ing and various other The bank had capital stock objects in the It San night was dark of $100,000 and of approxiBAY GRAIN AND HAY and he said it had seemed to him NEW YORK DAIRY MARKET and to accompanied him SAN Dec BARLEY they had and fol- The Press) NEW YORK lowed next day he brought mixed me fourth valise speak more exactly strong box containIng human nearby extras remains ings deposits $643,805 and comshowed The general said his inventory deposits $3,185,455.10. higher the valises 311 extra contain articles He brought them from pended Bank Steady Shanghai reached E. Shippee, following runs The City National Bank the Paris June 1920 He retained on both institutions CHICAGO BUTTER AND EGGS Bessemer Trust and Savings Bank the articles at his estate until OcPallotti Andretta and Company faield to open yesterday By The lober, 1920 when he turned control the Riverside Trust Com- Dec over representative of the RICHMOND (Va.), Dec. 24 Grand Duke Nicholas The state manual for 1930 gave The state division of insurance have knowledge whatsothe capital the Riverside Trust and banking yesterday announced what has become of those as surplus $600.- the People's Bank of Gretna, Va., profits had suspended business BAY DRIED FRUIT small CHICAGO POULTRY 16c.

9. December 24, 1930 Tulsa World Tulsa, OK
Article from Tulsa World, December 24, 1930

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YORK BANK FAILS OPEN ITS DOORS Eight Institutions Closed After Runs, to Save Small Depositors NEW state superintendent of banks, The today took posJoseph of the Chelsea Bank and session Trust Main at Fourth Last shopping day before Christmas! patronized actors and largely the theatrical business It others in apitalized has was of approximately deposits total resources of closing of the bank followed The on the institution which last and continued veloped this Chelsea Bank and Trust company The was founded in 1203 and offices. has When seven notice of Mr. Broderick's action was posted, 300 depositors branch in the Bronx tried to the doors. Santa recommends for cold days storm They swept aside a guard of dozen policemen momentarily. but the latter drew revolvera and drove Children's Zipper Suits crowd back. plate glass the in the bank entrance panel shattered. Several persons in the group were roughly handled. low priced RICHMOND, Va., Dec. 23 (A. for gifts state division of and banking today announced the Peoples Bank of Gretna, Fa., had suspended business. The Mothers of very young was capitalized $50,000 bank morning! tots, to 6 years old, will had deposits of Ramsey was president. appreciate one of these sturdy, warm suede suits. WASHINGTON, Ga., Dec. 23 (A. notice on the door of the They're especially good National Bank of Wilkes county for play because they fastoday said the institution had closed pending a meeting of ten so securely. board of directors. The bank capitalized at $50,000 and asThree piece set, leggings, A marvelous selection of sets were reported at $400,000. blouse and helmet. with HARTFORD, Conn., Dec. 23 (A. knit waistband and cuffs on blouse. Riverside Trust company and PalAndretta were Tan Red pended today by Bank Commissioner Lester E. Shippee, following Green Navy runs on both institutions which been in progress since last Copen Pallotti, Andretta & Co. own control of the Riverside Trust company. The state manual for 1930 the capital of the Riverside Trust company as $400,000. surplus $600,000. undivided profits $244.229. savings deposits $643,805. and commercial deposits $3,185,455.10. BESSEMER. Ala., Dec. 23 (A. City National bank and Bessemer Trust and Savings bank failed to open today. Officials they were "acting for the best interests of depositors. The City bank of Miami Beach, underwent heavy run yesterday following the closing of the City National bank in Miami, did not open this morning. Clements, vice president and cashier. said the bank closed at the order of state bank examiners to protect assets. The bank had stock of $100,000. and deposits of $600,000 at the Madeira embroidery, Italian cut work and burano inserts. choose herself! that started on the Were Now Were Now company yesterday after Well made, with plain 8 sets $15.50 announcement that the Bankers' Trust company had voluntarily edges. 26 8.95 7.17 40 15.95 12.76 sets closed its doors to conserve its as9.95 7.96 16.95 13.56 sets, began to subside today. Suntan Bisque Council of Ministers today proved proopsal prolonging the privilege of issuing currency by the of Italy until December 31. PHILADELPHIA, Dec. 23 (A. The private bank of M. Blitzsteen and company, Fourth Lombard streets, closed its doors account of heavy bank was established in 1888. Its deposits are estimated in of mostly by merchants in the neighborIt operates under exemption the private banking act of 1911 and therefore is under no or other governmental super-

10. March 19, 1931 The Douglas Enterprise Douglas, NE
Article from The Douglas Enterprise, March 19, 1931

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Bank at Gretha, Va., Suspends Business The state of banking today that Peoples' of Gretna, Va., had from the division was sent to take charge.