Peoples Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: January 14, 1916
Location: LaPorte, Indiana (41.611, -86.723)

Metadata

Model: gpt-5-mini
Short Digest: 4212bdae

Response Measures

None

Description

Article (South Bend News-Times, 1916-01-14) reports the People's/Peoples Trust & Savings Bank was appointed receiver by the court and closed a confectionery run by its receiver. No run or prior suspension is mentioned; receiver appointment implies permanent closure/receivership.

Events (1)

1. January 14, 1916 Receivership

Newspaper Excerpt: was closed Thursday afternoon by the People's Trust & Savings bank, which was appointed receiver by Judge Gallaher in the circuit court.
Source: newspapers

Newspaper Articles (1)

1. January 14, 1916 South Bend News-Times South Bend, IN

Article from South Bend News-Times, January 14, 1916

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Article Text

CLOSE CANDY STORE. News-Times Special Service: LAPORTE, Jan. 14.-The Princess confectionery store of which George Lamberson is proprietor, was closed Thursday afternoon by the People's Trust & Savings bank, which was appointed receiver by Judge Gallaher in the circuit court. It is claimed that the liabilities of the business are about $3,400 with practically no assets.