22473. Peoples State Bank (Walla Walla, WA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 14, 1933
Location
Walla Walla, Washington (46.065, -118.343)

Metadata

Model
gpt-5-mini
Short Digest
9ebc4f08

Response Measures

None

Description

Articles (Spokane Chronicle, 1934-07-17) state that the People's State Bank (Walla Walla) 'is in liquidation' and 'closed September 14.' No run is mentioned; the bank remained closed and in liquidation, so classify as suspension leading to closure. I infer the year of closing as 1933 (banking closures in piece reference 1933 dates), but the article does not state the year explicitly; I use 1933-09-14 for the suspension/closure date aligned with context. If strict year cannot be assumed, treat date as approximate.

Events (2)
1. September 14, 1933 Receivership
Newspaper Excerpt
the People's State bank, in liquidation. It closed September 14
Source
newspapers
2. September 14, 1933 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank is described as 'in liquidation' and was closed on September 14; suspension appears tied to liquidation/closure.
Newspaper Excerpt
the People's State bank, in liquidation. It closed September 14
Source
newspapers

Newspaper Articles (2)
1. July 17, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Walla Bank Open Under License WALLA WALLA July 17. (4)-The Union Bank and Trust company was reopened under license issued by the state banking department today. after having been closed since February 11, 1933 Forty cent of old posits were made immediately available and depositors have taken certificates an affiliate holding company for the balance of their claims. The reopening this bank leaves one financial institution. the People's State bank, in liquidation. It closed September Harold Davis, years Colfax banker and since November. 1932. credit with the Regional Agricultural Credit corporation, Spokane, has joined the Union Bank and Trust company cashier Harry Lasater president when the bank suspended operations, in his position as head of the reorganized institution.

2. July 17, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, July 17, 1934

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Article Text

Walla Walla Bank Open Under License WALLA WALLA July 17. (AP)-The Union Bank and Trust was company reopened under license issued by the state banking department today, having been closed since February 11, 1933. Forty cent of old posits made immediately available and depositors have taken certificates in affiliate holding pany for the balance their claims The this bank leaves one financial the People's State bank, in liquidation. It closed September 14, Harold Davis, years Colfax banker since November, 1932, credit examiner with the Regional Agricultural Credit corporation, Spokane, has joined the Union Bank and Trust company cashier. Harry Lasater, president when the bank pended operations, continues his position head of the reorganized institution.