Peoples National Bank (New Brunswick, NJ)

Episode Information

Episode UID
369701598
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
36970 national
Charter Number
3697
Start Date
February 14, 1933
Location
New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b1877dedb72ffa4f

Response Measures

Accommodated withdrawals

Description

The bank experienced a run in February 1933 but remained open; it later suspended during the March 1933 federal banking holiday and reopened on March 15.

Events (4)

1. May 5, 1887 Chartered
Source
historical_nic
2. February 14, 1933 Run
Cause
Local Banks
Cause Details
Run triggered by the closing of Citizens National Bank and Middlesex Title to protect depositors.
Measures
Remained open past regular hours (until 3:15 o'clock) to pay all patrons within the bank.
Newspaper Excerpt
Peoples National Bank and Brunswick Savings Institution every demand made upon them today. Frightened bank depositors called banks withdraw savings promptly paid by the banks.
Source
newspapers
3. March 6, 1933 Suspension
Cause
Government Action
Cause Details
National banking holiday declared by President Roosevelt.
Newspaper Excerpt
The following banks in Middlesex county were open for business today: ... Peoples National Bank, New Brunswick.
Source
newspapers
4. March 15, 1933 Reopening
Newspaper Excerpt
The following banks in Middlesex county were open for business today: ... Peoples National Bank, New Brunswick. (March 15, 1933)
Source
newspapers

Newspaper Articles (2)

Article from The Central New Jersey Home News, February 14, 1933

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Article Text

Citizens National Bank, Middlesex Title Close To Protect Depositors BANKS REMAIN OPEN TO AID DEPOSITORS their financial stability the New New Trust Company Peoples National Bank and Brunswick Savings Institution every demand made upon them today. Frightened bank depositors called banks withdraw savings promptly paid by the banks. To that they had ample funds to meet the the National Bank of New remained after the closing for New Brunswick Saving doors closed shortly after o'clock but all depositors within the bank assured that they be paid their the funds meet the demand The National Bank of New Jersey planned remain open definitely their patrons. Several dred persons in the Nationai Bank orders the tellers remain the job until every payment had made. The New Brunswick Trust Company kept open until 3:15 o'clock and Peoples NationBank did likewise. All trons within the banks time were paid their deposits.


Article from The Central New Jersey Home News, March 15, 1933

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Article Text

Open for Business The following banks in Middlesex county were open for business today: First National Bank of Cranbury. Carteret Bank and Trust Company. First National Bank Dunellen. Peoples Trust Company, Dunellen. First National Bank of Highland Park. First National Bank of Milltown. National Bank of New Jersey, New Brunswick. New Brunswick Savings Institution. New Brunswick Trust Company. Peoples National Bank, New Brunswick. The Liberty Bank, New Brunswick. Perth Amboy National Bank. Perth Amboy Savings Institution. First National Bank of South Amboy. South Amboy Trust Company. First National Bank of Sayreville. First National Bank of South Plainfield. First National Bank of South River Other banking institutions open for business today in this vicinity are: First National Bank, Bound Brook. Bound Brook Trust Company. Bound Brook. Somerville Second National Bank, Somerville. Somerville Tru Company, Somerville. Somerville Savings Bank, Somerville. Raritan Savings Bank, Raritan. Raritan State Bank. Raritan. Peapack-Gladstone Bank, Peapack. Princeton Bank and Trust Company, Princeton. Princeton Savings Bank, Princeton. First National Bank, Princeton. First National Bank, Hightstown. Hightstown Trust Company, Hightstown. First National Bank, Plainfield. Mid-City Trust Company, Plainfield. Plainfield National Bank, Plainfield. Plainfield Savings Bank, Plainfield Plainfield Trust Company, Plainfield. State Trust Company, Plainfield. Rahway Trust Company, Rahway. Rahway National Bank, Rahway. Savings Institution, Rahway. Keyport Banking Company, Keyport. The Matawan Bank, Matawan. First National Bank of Englishtown. Manville National Bank, Manville.