2225. Peoples National Bank (Laurel, DE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
6726
Charter Number
6726
Start Date
January 11, 1932
Location
Laurel, Delaware (38.557, -75.571)

Metadata

Model
gpt-5-mini
Short Digest
f344f52d

Response Measures

None

Receivership Details

Date receivership started
1932-01-18
Date receivership terminated
1932-06-15

Description

The bank suspended business on January 11, 1932 and was placed in charge of a government receiver. Multiple articles document fundraising, reorganization, and reopening in mid-June 1932. There is no mention of a depositor run or heavy withdrawals as the precipitating event, so this is classified as a suspension with subsequent reopening.

Events (5)

1. April 18, 1903 Chartered
Source
historical_nic
2. January 11, 1932 Suspension
Cause
Government Action
Cause Details
Bank suspended business and was placed in charge of a government official/receiver (Alonzo Tweedale); suspension followed by reorganization efforts.
Newspaper Excerpt
Since the bank suspended business on January 11, it has been in charge of government official, Alonzo Tweedale having been appointed receiver.
Source
newspapers
3. January 18, 1932 Receivership
Source
historical_nic
4. June 15, 1932 Reopening
Newspaper Excerpt
The Peoples' National Bank which closed last January will reopen business next Monday ... The bank opened its doors at 8 o'clock with a capital of $100,000, a surplus of $100,000, all paid in cash, with a total of 634 stockholders, and more than 2,000 depositors. ... Since the bank suspended business on January 11, it has been in charge of government official, Alonzo Tweedale having been appointed receiver.
Source
newspapers
5. June 15, 1932 Restored To Solvency
Source
historical_nic

Newspaper Articles (11)

Article from The News Journal, January 19, 1932

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PLEDGE OPEN LAUREL BANK Most of New Issue Sold to Present Stockholders of Institution. Special Every Evening LAUREL hundred people attended meeting the school auditorium night the interest reopening the Peoples National Bank that suspended busiweek committee reported that $55,000 had been raised for stock issue which the bank A total $250,000 wanted the under the plan. stock has been to the old bank and drive now being made to secure new stockholders. Shares are selling for $100 each with par value $40 Under present plan $100,000 capital, $100,000 surplus, with $50,000 undivided.


Article from The Morning News, January 20, 1932

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PLAN FOR REOPENING OF LAUREL BANK LAUREL Del. Jan. hunpeople attended mass meeting held in the school auditorium last night in the interest of reopening the People's National Bank that suspended business one week ago. committee reported had been raised stock finance the total of wanted to properly finance the institution under the present plan. Most of the new stock has been sold to stockholders in the old bank and drive is being made to cure stockholders. Shares are selling for $100 each Under present plan be the capital, $100,000 surplus, with $50,000 undivided Argentina Boosts Taxes BUENOS Jan. The Argentine government imposed taxes on property and business today in one of the most drastic steps of Argentina's financial The taxes were imposed to balance country's budget. its finances basis and silence talk


Article from Smyrna Times, January 20, 1932

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PLAN TO OPEN LAUREL BANK $55,000 of $250,000 Raised by Patrons in a New Stock Issue Five hundred people attended a mass meeting held' in the school auditorium Monday night in the interest of reopening the People's National Bank that suspended business one week ago. A committee reported $55,000 had ben raised in new stock to finance the bank. A total of $250,000 is wanted to properly finance the institution under the present plan. Most of the new stock has been sold to stockholders in the old bank and a drive is now being made to secure new stockholders. Shares are selling for $100 each. Under present plan $100,000 will be the capital, $100,000 surplus, with $50,000 undivided.


Article from Milford Chronicle, February 5, 1932

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HOPE TO RE-OPEN LAUREL BANK SOON People Of Town Hear That Funds May Be Secured Another mass meeting attended by about 600 people in the interest of the re-opening of the Peoples National Bank, of Laurel, was held in the school auditorium Thursday night. Dr. J. Roscoe Elliott, chairman, in opening the meeting said 1,502 shares at $100 each had been reported sold. The chairman reported that the old bank had approximately 200 stockholders while the 1500 shares had been purchased by more than 500 people. He also stated 130 of the shareholders in the old bank had already purchased stock in the new bank. He also explained a proposed change in the plans of the new bank as a result of the recent bill passed by Congress by which it is possible to 'secure for suspended banks through the Reconstruction Finance Corporation. The committee has investigated the matter and believe it will be possible to secure funds for the new bank. The speaker explained, however, that it would not affect the amount of capital needed and that it would still be necessary to raise the proposed $250,000. In order to be in line for funds from the Reconstruction Finance Corporation, it is necessary for the receiver of the bank to list all the assets of the old bank in detail, which list must be presented for consideration to receive a share of the funds made available through this act. This work is now in progress and several days will be required to complete it, after which the commit[Turn to Page 5, Please]


Article from Milford Chronicle, March 11, 1932

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CLOSED LAUREL BANK SOON OPENS ITS DOORS Plan Of Reorganization Outlined To Peoples National Stockholders As soon as the cash is paid in for the capital stock subscribed and the old stockholders have signed away their rights in the bank, and the depositors have signed the necessary agreements regarding the drawing of their accounts, the People's National Bank of Laurel which suspended business in January' will be ready to open its doors once again for business. The time required for this procedure is indefinite, but those in charge are determined to rush the matter through and it is expected that the institution will De open within a brief period. The following plan of reorganization is being outlined to all depositors and stockholders: Stockholders of the suspended bank are asked to surrender the capital stock, which is done for two reasons. The proceeds of such surrender will be used to charge off certain "objectionable" assets of the old bank, it being the intention to open a strong and solvent institution. Stockholders by such surrender, eliminate the possibility of an assessment of $100 per share on the stock of the suspended bank, which is assured if it should be necessary to likuidate the assets of the suspended bank by receivership. New stock will be sold to the [Turn to Page 6, Please]


Article from The Philadelphia Inquirer, June 14, 1932

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TREASURY RECEIPTS WASHINGTON, June 13 P.). Treasury receipts for June $16,978,balance, 10 days of June were $6,067,911.21. Delaware Bank to Reopen LAUREL, June The Peoples' National Bank which closed last January will reopen business next Monday strengthened financial condition. today will have capital ilar the said, will 634 stockholdand more 2000 depositors. closing the bank had 193 Prior stockholders.


Article from The Morning News, June 15, 1932

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Will Be Exactly Five Date Months After Institution Was Closed Now Has $100,000 Capital the Same Amount in and Surplus LAUREL June Peoples National Bank of this town which closed doors on January of this established the record of has for almost open months the official five date tomorrow The opening bank its doors o'clock open capital of surplus paid with 634 stockholders, and more old bank 193 The board conDr Roscoe Elliott Charles vicepresident: Wiley Trought and George Harley Hastings George Arthur Frank M. Jones and WilHearn has been busy since election getting everything readiness for the opening Ashley Jenkins the cashier of the bank Mr young man but one banking He has had fifteen years circles. and experience banking having worked ment department of the Traders NaBank Scranton, Pa. He has had experience the ganization of banks, ganized well trained in vestment department, having worked three years along this line for Philadelphia bank The assistant cashier will Harold Edie, local man, been for Waller the teller Miss Ruth Lloyd and Miss Sallie Bacon bookkeeper The bank No been but doors will simply open for and the board their old customers as well as new ones that time. the plans, old stock consisting the old bank real been placed pool and not bank To per cent the deposits the old bank the soon and the old The the paid over of three which made upon the opening of the The ment also advised that opened should pay not more than per and the Peoples Bank comply with that request Since bank business January charge government Tweedale having appointed


Article from Milford Chronicle, June 17, 1932

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Peoples Bank At Laurel Reopened On Wednesday [Continued from First Page] N. Ashley Jenkins, of Philadelphia is the cashier of the new bank. Mr. Jenkins is a young man, but one with a large experience in banking circles. He has had fifteen years experience in commercial and investment banking, having worked in every department of the Traders National Bank of Scranton, Pa. He has also had much experience in the organization of new banks, having organized twelve banks in Pennsylvania. He is well trained in the investment department, having worked for three years along this line for a large Philadelphia bank. The assistant cashier is J. Harold Edie, a Laurel man, who has been in business in Laurel for a number of years. Gurthie Waller ist the teller; Miss Ruth Lloyd, clerk and stenographer, and Miss Sallie Bacon, bookkeeper. The bank opened as a conservative institution. No big opening was planned, but the doors simply opened for business and the board of directors welcomed all their old customers as well as new ones at that time. According to the re-organization plans, all old stock, consisting of 1,000 shares, was surrendered. All undesirable assets of the old bank, including slow paper, real estate, etc., has been placed in a pool and is not a part of the new bank. To balance this item, 20 per cent of the deposits of the old bank were placed in the pool. As soon as the real estate and paper in the pool can be liquidated, it will be paid to the old depositors. The remainder of the deposits will be paid over a period of three years, 121/2 per cent of which is made available immediately upon the opening of the bank. The government has also advised that all reopened banks should pay not more than 3 per cent interest on deposits and the new Peoples National Bank will comply with that request. Since the bank suspended business on January 11, it has been in charge of government official, Alonzo Tweedale having been appointed receiver.


Article from Smyrna Times, June 22, 1932

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REOPENING OF LAUREL BANK Revived Institution Now Has $100,000 Capital and Same Amount of Surplus ELLIOTT NEW PRESIDENT The Peoples National Bank of Laurel, which closed its doors on January 11 of this year, has established the record of being open for business almost exactly five months later, the official opening date being Wednesday of last week. The bank opened its doors at 8 o'clock with a capital of $100,000, a surplus of $100,000, all paid in cash, with a total of 634 stockholders, and more than 2,000 depositors. The old bank had but 193 stockholders. The new board of directors consisting of Dr. J. Roscoe Elliott as president; Charles L. Horsey, vice-president; J. Wiley Trought, secretary, and George E. Gordy, Harley G. Hastings, George T. Purnell, Arthur S. Hearn, Frank M. Jones and William B. Willey, has been busy since its election getting everything in readiness for the opening. N. Ashley Jenkins, of Philadelphia, is the cashier of the new bank. Mr. Jenkins is a young man, but one with a large experience in banking circles. He has had fifteen years experience in commercial and investment banking, having worked in every department of the Traders National Bank of Scranton, Pa. He has also had much experience in the organization of new banks, having organized twelve banks in Pennsylvania. He is well trained in the investment department, having worked for three years along this line for a large Philadelphia bank. The assistant cashier is J. Harold Edie, a Laurel man, who has been in business in Laurel for a number of years. Gurthie Waller is the teller; Miss Ruth Lloyd, clerk and stenographer, and Miss Sallie Bacon, bookkeeper. The bank opened as a conservative institution. No big opening was planned, but the doors simply. opened for business and the board of directors welcomed all their old customers as well as new ones at that time. According to the re-organization plans, all old stock, consisting of 1,000 shares, was surredered. All undesirable assets of the old bank, including slow paper, real estate, etc., has been placed in a pool and is not a part of the new bank. To balance this item, 20 per cent of the deposits of the old bank were placed in the pool. As soon as the real estate and paper in the pool can be liquidated, it will be paid to the old depositors. The remainder of the deposits will be paid over a period of three years, 1-2 per cent of which is made available immediately upon the opening of the bank. The government has also advised that all reopened banks should pay not more than 3 per cent interest on deposits and the new Peoples National Bank will comply with that request. Since the bank suspended business on January 11, it has been in charge of government official, Alonzo Tweedale having been appointed receiver.


Article from The Philadelphia Inquirer, March 15, 1933

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OF STATE BANKS REOPENING TODAY From First Page Continued Dillsburg National DILLSBURG, Downingtown Bank National Valley National Path DRY Dry Run of Bank National Bank Dublin Duncannon NaDUNCANNON, Bank tional Peoples National DUNCANNON, Bank First National Bank DUNMORE Perkiomen GREENVILLE EAST Bank National CHUNK Citizens MAUCH EAST Bank National SMITHFIELD First NaEAST tional East EAST Stroudsburg National Bank First National Bank ELDRED First National Bank ELYSBURG First National ELIZABETHTOWN and Trust Co. Bank Pattison National ELKLAND Bank Farmers National EPHRATA Bank Farmers National EPHRATA Bank First National Bank FAIRFIELD Fannettsburg FANNETTSBURG, National Bank Gettysburg NaGETTYSBURG, tional Bank First National Bank Citizens National GREENCASTLE Bank Halifax National Bank First National HALLSTEAD, Bank Harleysville HARLEYSVILLE, National Bank Hatboro National HATBORO, Bank Hatfield National HATFIELD, Bank Hershey National HERSHEY, Bank PARK, State Road HIGHLAND National Bank Honesdale NationHONESDALE, Bank HOP BOTTOM, Hop Bottom Na- tional Bank HOWARD. First National Bank HUGHESVILLE, First National Bank First National HUNTINGDON, Bank. HUMMELSTOWN, Hummelstown National JERMYN, First National Bank JOHNSONBURG, Johnsonburg National Bank KINGSTON, First National Bank KNOXVILLE, First National Bank KUTZTOWN, Kutztown National Bank LANGHORNE, Peoples National Bank LANSDALE, First National Bank LANSDOWNE, National Bank of Lansdowne Citizens National Bank LANSFORD, First National Bank LAWRENCEVILLE, First NationBank LEESPORT, First National Bank LEHIGHTON, First National Bank LEHIGHTON. Citizens National Bank and Trust Company LEMASTERS, Peoples National Bank LEOLA. Leola National Bank LE RAYSVILLE, First National Bank LEWISBURG. Lewisburg NationBank LEWISBURG, Union National Bank LEWISTOWN. Citizens National Bank LEWISTOWN. Mifflin County National Bank LEWISTOWN, Russell National Bank LITITZ, Farmers National Bank LITITZ, Lititz Springs National Bank LITTLESTOWN, Littlestown National Bank LIVERPOOL. First National Bank LOCK HAVEN. First National Bank LOGANTON. Loganton National Bank Luzerne National Bank MAHANOY CITY, Union Nation- Bank MALVERN, National Bank of Malvern MANHEIM. Keystone National Bank MANHEIM. Manheim National Bank MARCUS HOOK. Marcus Hook National Bank MAUCH CHUNK, Mauch Chunk National Bank McCLURE. First National Bank McVEYTOWN, MoVeytown National Bank MECHANICSBURG. Second National Bank MEDIA. First National Bank MERCERSBURG, First National Bank MARIETTA, First National Bank MIDDLEBURG, First National Bank MIFFLIN, Peoples National Bank MIFFLINTOWN, First National Bank MIFFLINTOWN. Juniata Valley National Bank MILLERSBURG, First National Bank MILLHEIM, MILDRED, First National Bank Farmers National Bank and Trust Co. MILLVILLE, First National Bank MILTON First Milton National Bank First National Bank MONTGOMERY Farmers Citizens National Bank MONTROSE First & Farmers NaMOUNT tional Bank Trust Co. JOY Union National Mount Joy Bank MOUNT JOY First National Bank Trust Co. MOSCOW First National Bank MUNCY Citizens National Bank MYERSTOWN Myerstown Na. tional Bank NANTICOKE First National Bank NANTICOKE Miners National Bank NANTICOKE Nanticoke National Bank NESQUEHONING First National Bank NEW ALBANY First National Bank NEW BLOOMFIELD First Na- tional Bank NEW CUMBERLAND New Cumberland National Bank NEWFOUNDLAND First National Bank of Newfoundland NEW HOPE Solebury National Bank NEW MILFORD Grange National Bank of Susquehanna County NEWVILLE First National Bank NEWTOWN First National Bank Trust NICHOLSON First National Bank NORTH WALES North Wales National Bank NUMIDIA Valley National Bank OLEY First National Bank OXFORD National Bank of Ox. ford PALMERTON First National Bank PEN ARGYLE Pen Argyle Na. tional Bank PEMBROOK National Bank of Pembrooke PENNSBURG Farmers National Bank PHILIPSBURG First National Bank PHOENIXVILLE Farmers & Mechanics National Bank PLYMOUTH First National Bank PORT ALLEGANY First NationBank PORTLAND First National Bank PORT ROYAL, Port Royal National Bank POTTSTOWN, Citizens National Bank Trust Co. POTTSTOWN National Bank of Pottstown POTTSTOWN National Iron Bank QUAKERTOWN Merchants National Bank QUAKERTOWN, Quakertown National Bank RALSTON First National Bank REBERSBURG, Rebersburg Na- tional Bank RED LION, Farmers and Merchants National Bank NEWVILLE Farmers' National Bank TRIPOLI National Bank NORTHAMPTON Cement National Bank of Siegfried NORTHUMBERLAND National BANK NUREMBERG First National Bank ORANGEVILLE Farmers' Na. tional Bank ORWIGSBURG First National Bank OSCEOLA MILLS First National Bank of Osceola PEN ARGYL First National Bank PERKASIE First National Bank PETERSBURG First National Bank PINE GROVE National Bank & Trust PLYMOUTH National Bank PORT ROYAL First National Bank Farmers' NationBank National Bank RIDGWAY Elk County National Bank RIDLEY PARK National Bank ST. MICHAELS National Bank SHELLSBURG First National Bank SCHUYLKILL HAVEN First National Bank & Trust Co. SCHWENKSVILLE National Bank Trust Co. SCHICKSHINNY First National Bank First National Bank SELLERSVILLE National Bank SLATINGTON National Bank, Citizens' National Bank SMETHPORT Grange National Bank of McKean Co. STRASBURG First National Bank SUNBURY First National Bank THOMPSONTOWN Farmers' National Bank THREE SPRINGS First National Bank TOPTON National Bank of Top- TREMONT National Bank TREVORTON First National Bank TUNKHANNOCK Citizens' Na. tional Bank. Wyoming National Bank TURBOTVILLE National Bank WATSONTOWN Farmers' Na. tional Bank, National Bank WEISSPORT National Bank WELLSVILLE National Bank WEST CHESTER National Bank of Chester Co. and Trust Co. RED LION First National Bank and Trust Co. REEDSVILLE, Reedsville Nation. Bank RICHLAND, Richland National Bank RIDGWAY, Ridgway National Bank RIEGELSVILLE First National Bank RINGTOWN First National Bank ROARING SPRINGS First National Bank ROME Farmers National Bank ROYERSFORD, National Bank Pa. ST. MARYS, St. Marys National SAYRE, Merchants and MechanNational Bank Sayre SAYRE, First National Bank Sayre First National Bank SELINSGROVE First National Bank SELINSGROVE Farmers National Bank SHENANDOAH Merchants National Bank SHENANDOAH Miners National Bank SHIPPENSBURG First National SHIPPENSBURG Peoples National Bank SHINGLEHOUSE First National Bank SOUDERTON Peoples National Bank SOUDERTON, Union National Bank and Trust Co. SPRING MILLS First National Bank SOUTH FORK First National Bank SPRING CITY. National Bank and Trust Co. of Spring City SPRINGVILLE First National Bank STATE COLLEGE First National Bank STEWARTSTOWN Peoples National Bank STROUDSBURG, First-Strouds- burg National Bank SUSQUEHANNA First National Bank SUSQUEHANNA City National Bank SWARTHMORE, Swarthmore National Bank and Trust Co. SWINEFORD First National Bank TAMAQUA First National Bank TAMAQUA, Tamaqua National Bank TELFORD, Telford National Bank TIOGA. Grange National Bank Citizens National Bank TOWANDA First National Bank TROY First National Bank TYRONE County Na. tional Bank ULSTER, First National Bank of Ulster ULYSSES. Grange National Bank Potter WAYNESBORO, Citizens NationBank and Trust Co. WAYNESBORO First National Bank Trust Co. WERNERSVILLS National Bank Trust WEST CHESTER First National Bank WESTFIELD Farmers and TradNational Bank WEST GROVE National Bank Trust WILLIAMSBURG First National Bank WILLIAMSBURG Farmers Merchants National Bank WRIGHTSVILLE First National Bank WYALUSING National Bank Wyalusing WYOMING First National Bank YORK SPRINGS First National Bank AKRON, Akron National Bank ANNVILLE, Annville National Bank ASHLAND, Ashland National Bank ASHLAND Citizens National Bank ASHLEY First National Bank ATGLEN, Atglen National Bank ATHENS, Athens National Bank ATHENS Farmers National Bank AVONDALE National Bank of Avondale AVOCA First National Bank of Avoca BANGOR Merchants National Bank BARNESBORO First National Bank BATH First National Bank BEAVER SPRINGS First NationBank BEECH CREEK, Beech Creek National Bank BELLEFONTE First National Bank BELLEFONTE Farmers National Bank BENDERSVILLE, Bendersville National Bank BENTON Columbia County National Bank BERWICK First National Bank BERWICK, Berwick National Bank BELLWOOD First National Bank tional Bank BLOOMSBURG First National Bank BLOOMSBURG Farmers National Bank BLOSSBURG Citizens National Bank BLUE BALL Blue Ball National Bank BLUE RIDGE SUMMIT First Na- tional Bank BOYERTOWN Farmers National Bank BOYERTOWN National Bank of Boyertown BRIDGEPORT, Bridgeport Na. tional Bank BRADFORD, Bradford National Bank BRADFORD Commercial Na. tional Bank BRISTOL Farmers National Bank Bucks BROWNSTOWN, Brownstown Na. tional Bank BRYN MAWR. Bryn Mawr Na. tional Bank CAMP HILL, Camp Hill National Bank CANTON First National Bank CATASAUQUA Lehigh National CATASAUQUA National Bank of Catasauqua CATAWISSA First National Bank CATAWISSA, Catawissa National Bank CHALFONT, Chalfont National Bank HOUTZDALE Trust Company PAOLI Bank and Trust ComNational Bank SCHUYLKILL HAVEN Trust Company EGYPT Farmers Bank SCHNECKSVILLE State Bank EAST PETERSBURG State Bank MIDDLETOWN Citizens Bank and HUNTINGDON Grange Trust Co. SHAMOKIN Banking and Trust SHAMOKIN Bank JOHNSTOWN National Bank ALEXANDRIA First National Bank AUSTIN First National Bank BAKERTON First National Bank Bakerto BERNVILLE First National Bank CARROLLTOWN First National Bank CENTRALIA First National Bank COOPERSBURG First National COUDERSPORT First National National Bank DANIELSVILLE National Bank DENVER National Bank DOYLESTOWN National Bank Trust DUSHORE First National Bank EAST STROUDSBURG Monroe County National Bank National Bank EMAUS Bank EVERETT First National Bank First National FOGELSVILLE National Bank First National Bank GALETON First National Bank GAP National Bank Trust Co. GENESEE National Bank GETTYSBURG First National Bank HANOVER First National Bank Citizens National Bank HONEY BROOK First National Bank Grange National Bank Lycoming HUNTINGDON Union National Bank HYNDMAN Hoblitzell National INTERCOURSE First National Bank KENNETT SQUARE National Bank Trust Grange National Bank Wyoming County LAPORTE First National Bank West Shore National Bank LILLY First National Bank First National Bank MADERA National Bank First Na. tional Bank MARTINSBURG First National Bank MARYSVILLE First National Bank MAYTOWN National Bank First National Bank Farmers National MESHOPPEN First National Bank MILLERSTOWN First National Bank EBENSBURG American National Bank MINERSVILLE First National Bank MINERSVILLE Union National First National MONTGOMERY First National Bank MORTON National Bank MOUNT JEWETT National Bank MOUNT UNION Central National Bank MOUNT UNION First National NAZARETH National Bank NAZARETH Second National Bank NEFFS National Bank NESCOPECK National Bank NEW HOLLAND Farmers Na. tional Bank and Trust NEWPORT First National Bank NEWPORT Citizens National Bank CARLISLE Trust Co. LOCK HAVEN Trust Co. LEWISTOWN Trust WYOMISSING Peoples' Trust Co. JENKINTOWN Bank Trust MYERSTOWN Trust STEELTON Bank Trust Co. TAMAQUA Peoples' Trust Co. HONESDALE Wayne County Savings Bank BLOOMSBURG Bank Columbia Trust NEW OXFORD Farmers Merchants Bank LEMOYNE Trust Co. DANVILLE Montour County ORRSTOWN Bank PROSPECT PARK Interboro Bank Trust TEMPLE State Bank KULPMONT Dime Deposit Bank Trust Trust ELKINS PARK Bank ELVERSON National Bank LANDISVILLE National Bank GIRARDVILLE First National Bank Governor Norris also announced authorized for opening these Delaware and South Jersey banks, which are members of the Third Federal Reserve Bank: SOUTH JERSEY VENTNOR CITY National Bank. VINCENTOWN First National. WESTVILLE First National WILDWOOD Marine National WOODBURY Farmers Mechanics National Bank and First Bank Trust CAPE Safe DeSafe Deposit BAY HEAD. Bay Head National BEACH HAVEN, Beach Haven National BRIDGETON, Cumberland National, Bridgeton and Farmers Merchants National VINELAND. Vineland National Woodstown National First National YARDVILLE, Yardville National ABSECON, First National BERLIN, Berlin National BEVERLY, First National BLACKWOOD, N. J., First NaBORDENTOWN, First National BURLINGTON, N. Mechanics National CAPE MAY COURT HOUSE, National CLAYTON Clayton National GLASSBORO. First National HADDON HEIGHTS. First Na tional. HAMILTON SQUARE. First Na. tional HEIGHTSTOWN, First National Bank HOPEWELL Hopewell National First MANTUA. National Bank of ManMerchantville National MILLVILLE, Millville National MINOTOLA, First National MOUNT HOLLY Union National MULLICA HILL, Farmers Na. tional OAKLYN. N. Oaklyn National PAULSBORO, National PENNSGROVE, Pennsgrove National PITMAN. Pitman National POINT PLEASANT, Ocean CounNational First National RIVERSIDE. First National ROEBLING, First National Bank Trust Co. SALEM. City National SALEM, Salem National Bank Trust STONE HARBOR First National SWEDESBORO Swedesboro National and Trust TOMS RIVER. First National PRINCETON, Princeton Bank Trust RIVERSIDE Riverside Trust FLORENCE First National CAPE MAY National Trust FRANKFORD First National HARRINGTON First National WYOMING First National DAGSBORO National DELAWARE City National DELMAR First National DOVER First National LAUREL Peoples National MILFORD First National ODESSA New Castle County Na. tional SEAFORD First National SMYRNA National Bank of Smyrna


Article from The Morning News, December 29, 1934

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Laurel Bank Depositors Get Another Dividend Morning News LAUREL Dec. of the People's National Bank, which suspended business three years ago, have just received notice the payment of another dividend When the bank reorganized in 1932, the depositors agreed leave 20 per cent of their deposits in pool against depreciations the bank assets. The other