Peoples Bank - Stephens City, VA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1941
Location: Stephens City, Virginia (39.083, -78.218)

Metadata

Model: gpt-5-mini
Short Digest: 08e7ca01

Response Measures

None

Description

Article (Evening Star, 1941-05-01) states depositors of the defunct People's Bank, Inc., are to receive a final payment according to order by judge and special receiver; indicates the bank is defunct and in receivership. No run is mentioned. I corrected the provided name Peoples Bank to the article's People's Bank, Inc.

Events (1)

1. May 1, 1941 Receivership

Newspaper Excerpt: Depositors of the defunct People's Bank, Inc., of this place are about to receive another and final payment on their claims, according to an order entered in Frederick County Circuit Court by Judge Philip Williams. The payments will have aggregated about 60 per cent of the original claims, according to Harry K. Benham, special receiver.
Source: newspapers

Newspaper Articles (1)

1. May 1, 1941 Evening Star Washington, DC

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Article Text

Bank Payment Due STEPHENS CITY, Va., May 1 (Special).-Depositors of the defunct People's Bank. Inc., of this place are about to receive another and final payment on their claims, according to an order entered in Frederick County Circuit Court by Judge Philip Williams. The payments will have aggregated about 60 per cent of the original claims, according to Harry K. Benham, special receiver.