5750. Peoples State Bank (Hammond, IN)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 7, 1933
Location
Hammond, Indiana (41.583, -87.500)

Metadata

Model
gpt-5-mini
Short Digest
262cac41

Response Measures

None

Description

Newspaper items (Oct 7 and Nov 29, 1933) refer to the 'old Peoples State bank' with a receiver (Harry E. Folk) and discussion of liquidation/dividends and loan applications to a receiver. No run is described; the bank is in receivership and being liquidated, so classify as a suspension leading to closure/receivership (suspension_closure).

Events (3)

1. October 7, 1933 Receivership
Newspaper Excerpt
Receiver Harry E. Folk preparing another dividend ... receiver Harry Folk liquidating agent appointed.
Source
newspapers
2. October 7, 1933 Suspension
Cause
Government Action
Cause Details
A receiver (Harry E. Folk) was appointed and a liquidation plan discussed by depositors; bank is in receivership/being liquidated.
Newspaper Excerpt
MORE THAN 200 DEPOSITORS the old Peoples State bank held the Lloyd building last night consider proposal Receiver Harry Folk liquidating agent appointed.
Source
newspapers
3. November 29, 1933 Other
Newspaper Excerpt
Assets dissipated ... offer to loan money acceptable ... to receiver for the First Trust bank and for the Peoples State bank. Mr. Emery ... investigating the offer and expect file applications soon.
Source
newspapers

Newspaper Articles (2)

Article from The Times, October 7, 1933

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Article Text

You Hear That BRUNOT IS CERTAIN THAT the next being Germany by the militaristic AND Hammond patent sweating hydrocarbon oils. BURGLARS BROKE INTO THE Exide Station Dougnight small the register. FRANK MARYNOSKI, 6336 lumbia avenue, reported the theft bicycle from home yesterday. TILMAN SHIELDS, ASSISTANT fisherman. hasn't how he has enjoyed snagging the finny tribe. FRIENDS ARE PIQUED OVER mysterious visit Mrs. Sanaty, known North Side resident, to Defiance. O. VICTORY LEGION POST 168 outdone those vets. They're organizing Last Man's club Monday night, EVERY SCHOOL CHILD IN THE city inspector week part of fire prevention week's program. JUDGING FROM THE NUMBER which disposing Hammond, their home booster paign is going great style. LOT OF HAMMOND LEGIONstill paying for Chicago this example, not speak whisper. CATHERINE REED, CALUMET City barmaid, singing the blues since her friend agreed to disagree. Give the little girl great hand, boys. JOE MEYER, THE HERB MAN. the his along the Lincoln highway. JUST WHY JOHN GLADISH, sign man, collecting lot pets lately, the problem his friends are trying There's the collection. YOU CANNOT REACH ANY OF agents their offices Monday, know they're convenin the Hotel Gary. UNITED Charles Surprise He's paid bills time for 132 receiverships he controls for the federal court. CALUMET CITY'S finally Mayor are raise the Blue Eagle over the village. LENA LITTLE WANTS TO know police out night checking the dogs the promenade see they had license tags. EDDIE CHMIELEWSKI, SECREtary the Wilson invites all Hammond attend the social gathering the organDanceland Armistice night. IF YOU MUST FISH IN WOLF Bill Gruener asks to the back into the real, fishing years. JOHN ROHDE, WHO UNDERwent major operation Luke's hospital, recovering slowly. operation formed Loyis Schmidt and his Grauer HERE'S SOME GOOD NEWS FOR depositors of First Trust and Savings bank. Receiver Harry E. Folk preparing another dividend How much or how does not know PROSPERITY IS PAUL SMITH'S getting and machine drive with his bride on their honeymoon. IT IS REPORTED HARRY Klucker and Coonie Schneider of treat for them after the dance. MORE THAN 200 DEPOSITORS the old Peoples State bank held the Lloyd building last night consider proposal Receiver Harry Folk liquidating agent appointed. the plan attorney seemed too high to the depos- MIKE RATKOV, BROTHER-IN- Oct. Vrsajkov, head the consumption Indiana clined during the Southeastern Packing Chesterton, tember, state excise departkilled week Mrs. ment's report showed announced today that he Vrsajkov would continue operate today. and restau- taxes collected from Sept. totaled rant. MARTIN SATTLER. HAMmond's loan PRESIDENT CONFERENCE signs ment thinks the WITH STEEL four months bring Hammond some degree of its old By EDWARD LOCKETT perity. MAYBE THIS HAS NOT BEEN fort in Pennanyway, the pocoal regions, President Calumet City Roosevelt sat conference that table White shortly violation before today sign the sidewalk without Five of them represented the permit. giant steel industry. other IDA ROENNAU SPUN LIKE were Gen. Hugh nationget all Donthis morning papers federal loans Richberg, chief counready the which Clinn Ellyson, district


Article from The Times, November 29, 1933

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Article Text

David T. Emery reported today. Mr. Emery on the data it soon der will the loan that on of stitut on Northern and bank thought ASSETS DISSIP TED Northern Mr. Emery "virtually discipated by bank before the bank whether the any money propose to the subject before definitely decide not to apply for "You must the assets in to therefore, the Northern Trust are not there to tion of what there Mr. Emery is the Hamreport he would take the offer to loan money acceptable Assets : be paid to E receiver for the First Trust bank and for the Peoples State bank, announced that he the data for filing loan applications for these number bank of the scheduled do Phey they inas vestigating the offer and expect file applications soon preliminary information is