5135. Peoples Trust & Savings Bank (Ottawa, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 2, 1931
Location
Ottawa, Illinois (41.346, -88.843)

Metadata

Model
gpt-5-mini
Short Digest
6c2ec009

Response Measures

None

Description

Newspaper items (Nov 2, 1931) report receivers were appointed for Peoples Trust and Savings Bank, Ottawa, by the state auditor. There is no mention of a depositor run prior to closure; appointment of receivers indicates a government action suspension and permanent closure/receivership.

Events (2)

1. November 2, 1931 Other
Newspaper Excerpt
NAME BANK RECEIVERS...receivers had been appointed and charge the following named which closed several weeks ago Peoples Trust and Savings bank and the Banking and Trust company, both Ottawa.
Source
newspapers
2. November 2, 1931 Suspension
Cause
Government Action
Cause Details
State Auditor Oscar Nelson (or his office) announced appointment of receivers for the bank; bank was closed and placed in receivership.
Newspaper Excerpt
Receivers of La Salle county banks are named...Peoples Trust and Savings Bank Ottawa, Robert Smith.
Source
newspapers

Newspaper Articles (3)

Article from The Times, November 2, 1931

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Article Text

RECEIVERS OF SALLE COUNTY BANKS ARE NAMED Nov. State Auditor Oscar Nelson today announced the appointment of the various banks La Salle county, recently closed: Peoples Trust and Savings Bank Ottawa, Robert Smith. Ottawa Banking and Trust Com Joseph Utica State Bank, Weston sington. Serena State Bank macher. Troy Grove State Bank, Andrews


Article from The Times, November 2, 1931

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Article Text

BANK RECEIVERS TO START WORK Representatives from the office Oscar Nelson, auditor public reached Ottawa from Springfield yesterday, to "check the receivers for the Ottawa and Trust and the People's Trust and Savings Bank, who were appointed Chicago last week. Joseph Standart has named Banking and company, Robert Smith receiver Trust and


Article from Waukegan News-Sun, November 2, 1931

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Article Text

Dividend Payments On Standard Of New Jersey And Indiana Brighten Market. By JOHN COOLEY Press Financial Writer NEW YORK. tinued strength in the oil shares featured curb market today More favorable prices for crude oil together with regular dividend Standard and Standard of Indiana directattention to the petroleum issues Indiana Humble pushed up two points or more, closely followed by Utilities were inclined to improve, 45% but the group on the whole was rathsluggish Most the specialties dealt in higher. strong grain 67's directed speculative Deere equipment issue. which rose couple of Call money renewals began the month per NAME BANK RECEIVERS. SPRINGFIELD. Ill., Nov 2-(AP) were today charge the Citizens State Bank and Trust company Sheldon. Iroquois county. Downers' Grove State bank which were closed Saturday. Announcement was also made that receivers had been appointed and charge the following named which closed several weeks ago Peoples Trust and Savings bank and the Banking and Trust company, both Ottawa. the Utica State bank. the Serena State Bank Troy State and the East Moline Manufacturers' State bank. CLOSE NEW YORK EXCHANGES NEW YORK, Nov. tually all leading and commodity markets will closed tomorrow election day. which legal holiday in most New York stock exchange the York market the New York exchange. the New York produce exchange, closed. Banks will remain closed the important business HAY. ST. LOUIS, Nov firm. No. 13-14: No. 0.50-12.50; Clover mixed. No. No. Clover. No. No. 10-12: 12-12.50: No. alfalfa, choice, 17-18; No. 16-17. MONEY RATES NEW YORK. Nov. money steady 2½ per day. Time steady days months per cent. Prime paper bankmos. 5-6 PEORIA LIVESTOCK steady: 200-275 lbs. 150-210 packers stags slow to steady; veals down. METALS NEW YORK. quiet, electrolytic, and future Tin easy. spot and nearby 22.30; future 22.50. Iron barely steady, No. eastern Pennsylvania 14.75@ 16.00; Buffalo Alabama Lead steady, spot New York 4.00; East St. Louis 3.80; zinc steady, East Louis spot and fuAntimony 6.50; quick silver SEIZE BANK BANDIT capture Wockner Fla., custody the suspected