Peoples State Bank - West Liberty, IA

Episode Information

Episode UID: 2283621491619
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 228362149 hash
Start Date: November 5, 1934
Location: West Liberty, Iowa (41.570, -91.264)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 897bfca53ec9ffc6

Response Measures

None

Description

Article uses variant People's State bank (OCR); receiver named and bank described as closed under Senate File 11.

Events (2)

1. November 5, 1934 Receivership

Newspaper Excerpt: D. W. Bates, receiver of the bank. The receiver states that the can be repaid through available funds ... hearing will be held Nov. 10 at 10 m. in court here. Bates was given permission in two other court today accept both Federal Farm Mortgage corporation bonds and Home Owners Loan bonds lieu of cash and in settlement of real estate mortgage debtors held the People's State bank and the Iowa State bank, both of West Liberty.
Source: newspapers

2. November 5, 1934 Suspension

Cause: Government Action
Cause Details: Bank was closed and operating under Iowa Senate File 11 (state supervisory/rehabilitation action)
Newspaper Excerpt: Application for court permission to repay the corporation loan made to the People's State bank of West Liberty while the closed institution was operating under Senate File 11
Source: newspapers

Newspaper Articles (1)

1. November 5, 1934 The Muscatine Journal Muscatine, IA

Article from The Muscatine Journal, November 5, 1934

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Article Text

Permission to Pay Sought Application for court permission to repay the corporation loan made to the People's State bank of West Liberty while the closed institution was operating under Senate File 11 was made in district court here today D. W. Bates, receiver of the bank. The receiver states that the can be repaid through available funds bank and through loans which can be obtained. hearing will be held Nov. 10 at 10 m. in court here. Bates was given permission in two other court today accept both Federal Farm Mort gage corporation bonds and Home Owners Loan bonds lieu of cash and in settlement of real estate mortgage debtors held the People's State bank and the Iowa State bank, both of West Liberty.