Peoples Savings Bank

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: savings bank
Start Date: December 18, 1925
Location: Vinton, Iowa (42.169, -92.024)

Metadata

Model: gpt-5-mini
Short Digest: 4aa89f27

Response Measures

Full suspension

Description

Article (Dec 19, 1925) reports heavy withdrawals after closing of the Bank of Newhall caused the People's Savings Bank in Vinton to 'fail to open its doors' (suspension). Officers expressed confidence about paying in full and reorganizing, but no reopening date is given—hence 'unsure'.

Events (2)

1. December 18, 1925 Run

Cause: Local Banks
Cause Details: Heavy withdrawals caused by the recent closing of the Bank of Newhall, prompting depositors to withdraw funds.
Newspaper Excerpt: The closing of the bank of Newhall, Iowa, few days ago, is believed to have caused heavy withdrawals.
Source: newspapers

2. December 18, 1925 Suspension

Cause: Local Banks
Cause Details: Bank failed to open after heavy withdrawals believed triggered by the closing of the Bank of Newhall.
Newspaper Excerpt: The People's Savings bank here failed to open its doors Friday.
Source: newspapers

Newspaper Articles (1)

1. December 19, 1925 The Daily Report Ontario, CA

Article from The Daily Report, December 19, 1925

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Article Text

CLOSE IOWA BANK AFTER HEAVY RUN VINTON, Iowa. The People's Savings bank here failed to open its doors Friday. The closing of the bank of Newhall, Iowa, few days ago, is believed to have caused heavy withdrawals. Deposits totaled $360,000 Officers of the bank declared they were confident they would be able to pay in full and reorganize.