Peoples Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: August 8, 1933
Location: Davenport, Iowa (41.524, -90.578)

Metadata

Model: gpt-5-mini
Short Digest: 61f85e90

Response Measures

None

Description

Article (Quad-City Times, 1933-08-08) describes the bank as suspended and in liquidation with an acting trustee/minard as liquidating officer; it states the bank voluntarily suspended business several years. No run is mentioned. Classified as a suspension that resulted in closure/liquidation.

Events (3)

1. August 8, 1933 Other

Newspaper Excerpt: FIRST REPORT Court Approves Report On Peoples Trust & Savings. The first report of Minard acting trustee and liquidating officer in charge of the suspended Peoples Trust Savings bank ... approved day District Judge Maines.
Source: newspapers

2. August 8, 1933 Receivership

Newspaper Excerpt: The first report of Minard acting trustee and liquidating officer in charge of the suspended Peoples Trust Savings bank ... approved day District Judge Maines.
Source: newspapers

3. * Suspension

Cause: Voluntary Liquidation
Cause Details: The bank voluntarily suspended business several years earlier and entered liquidation; trustee/members handling winding up.
Newspaper Excerpt: The bank voluntarily suspended business several years.
Source: newspapers

Newspaper Articles (1)

1. August 8, 1933 Quad-City Times Davenport, IA

Article from Quad-City Times, August 8, 1933

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Article Text

FIRST REPORT Court Approves Report On Peoples Trust & Savings. The first report of Minard acting trustee and liquidating officer in charge of the suspended Peoples Trust Savings bank, originally located Sixteenth and Harrison streets, approved day District Judge Maines. The report covers the period from Feb. when Minard ceeded the defunct American Trust company trustee, up including June The reports lists Receipts totaled after deducting disbursements cash on hand on June totaled $68. Total assets, according trustee's summary, The liabilities include $152,513.86 in and carried surplus. Betty Betty are attorneys for the The bank voluntarily suspended business several years.