6115. Peoples Bank & Trust Company (Mount Vernon, IN)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
trust company
Start Date
March 1, 1933*
Location
Mount Vernon, Indiana (37.937, -87.895)

Metadata

Model
gpt-5-mini
Short Digest
e1411c49

Response Measures

None

Description

Articles (Evansville Courier and Press, Mar 16, 1933) report People's (Peoples) Bank and Trust Company, Mt. Vernon, received official notice to reopen under a class rating and began transactions on March 16, 1933. This is the statewide bank holiday/suspension context (March 1933) rather than a run on this specific bank; no run or receivership for this bank is described in the provided texts.

Events (2)

1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
State-ordered bank closures / banking holiday and classification by Indiana state banking department during March 1933; bank had been closed and awaited authorization to reopen.
Newspaper Excerpt
People's Bank and Trust company, Mt. Vernon: ... will resume operations upon restricted ... Governor McNutt and Luther Symons, state banking commissioner
Source
newspapers
2. March 16, 1933 Reopening
Newspaper Excerpt
The People's Bank and Trust company today received official notice from Luther Symons, Indiana banking of authorization to reopen under class rating and accordingly will begin transaction of business under the imposed by the state banking department
Source
newspapers

Newspaper Articles (2)

Article from Evansville Courier and Press, March 16, 1933

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Article Text

EVANSVILLE AREA BANKS REOPEN AS LICENSES ARRIVE (Continued From Page One) People's Bank and Trust company, Mt. Vernon: French Lick State French Lick Otwell State bank Otwell: Citizens State bank Petersburg: Orange County bank, Paoli. complete list of class B banks under which state banks will resume operations upon restricted was completed last night by Governor McNutt and Luther Symons, state banking commissioner according to Associated Press the list was not made public, but the banks in this classification will be notified. the governor said THREE OPEN IN WASHINGTON WASHINGTON, March (Speof Washington's four banks opened for business this after noon The surprising total of $56,000 was deposited during the two hours of business They will open for reg. ular business hours starting day morning with an eye being kept on withdrawals The State bank of Washington was assured this afternoon by By mons, state bank that It would receive permission to open During the holiday local banks re. celved approximately $50,000 deposits in gold and certificates This has been forwarded to the Federal Re. bank at St. Louis. With arrival of shipment of cur. this afternoon. the Washing ton National bank remained open to night to cash pay checks for several hundred Baltimore & Ohio railroad employes Tuesday displayed strength at the 25 cents higher spite of and trade and the not far from lambs sold 25 cents -grade and low ran neck and neck in the onward but the railways the vitality of the lies of to than six of and Erie Louisville New York and others ad as sent up and the up


Article from Evansville Courier and Press, March 16, 1933

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Article Text

FORMER LOCAL RABBI PASSES OPEN IN MT. VERNON TODAY MT. VERNON March (Special) The People's Bank and Trust company today received official notice from Luther Symons, Indiana banking of authorization to reopen under class rating and accordingly will begin transaction of business under the imposed by the state banking department GIBSON BANKS REOPENING PRINCETON, March Special) Gibson county national banks which opened today were the First Nationand Farmers and Merchants' National banks of Fort Branch and Patoka National bank State banks opened the were the Haubstadt. Hazleton and State banks All opened on an unrestricted basis NEW HARMONY BU SINESS HEAVY NEW HARMONY March (cial) The New Harmony National bank was open today with less restriction the nature of transactions Small were cashed and small withdrawals permitted Business was heavy, with numerous de DUBOIS COUNTY BANKS OPEN HUNTINGBURG, March 15 (SpeThree Dubois county banksthe First National of Huntingburg the Birdseye National and the Holland today for un restricted business Streams of positors filed into the banks all durbanking hours with considerable gold included in the deposits. RMANN CITY March Rabbi widely leader and in the died hospital here He born in Russia He entered at the synagogues at Evansville Wis Baltimore and Tenn Moshe congregation here about 35 He years ago and was years ago, Elias Horn, 901 East Mulberry The synagogue music zealous Zionist and that time was located on Ingle street Hebrew schools He between Sixth and Seventh streets is survived by the widow son and Horn said. five Rabbl Lieberman served the B'Nal in and out of Wheel temporarily Hundreds of families moved their to the second floors of homes