Peoples Loan & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: March 17, 1932
Location: Rochelle, Illinois (41.924, -89.069)

Metadata

Model: gpt-5-mini
Short Digest: 1b9517e2

Response Measures

None

Description

Article (Tri-County Press, 1932-03-17) reports appointment of a receiver for the Rochelle Peoples Trust/Peoples Loan & Trust institution; text is fragmentary/OCR-corrupted and does not explicitly mention a prior run or formal suspension, but appointment of a receiver implies permanent closure. Chose suspension_closure as best-fit (closure with receiver, no run reported).

Events (1)

1. March 17, 1932 Receivership

Newspaper Excerpt: Herrick, Former Poloan, Rochelle Bank Receiver ... been appointed of Peoples Trust ... arrange his legal bond taking the affairs the Rochelle institution.
Source: newspapers

Newspaper Articles (1)

1. March 17, 1932 Tri-County Press Polo, IL

Article from Tri-County Press, March 17, 1932

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Article Text

Herrick, Former Poloan, Rochelle Bank Receiver in been appointed of Peoples Trust cording made Monday State Auditor Oscar Herrick served cashier Barber Brothers bank in this and recent years with Rockford bank brokerage offices to Monday morning arrange his legal bond taking the affairs the Ro chelle institution.