6221. Peoples National Bank (Princeton, IN)

View Charter #2180 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2180
Charter Number
2180
Start Date
February 1, 1933*
Location
Princeton, Indiana (38.355, -87.568)

Metadata

Model
gpt-5-mini
Short Digest
05c6c960

Response Measures

None

Description

Articles state the Peoples National Bank of Princeton closed (since February) and a federal receiver, George Bittler, was named. No article describes a depositor run; the bank was placed in receivership (government action) and did not reopen in the provided articles. Later articles describe litigation (claimants seeking bonds from the receiver).

Events (5)
1. September 9, 1874 Chartered
Source
historical_nic
2. May 29, 1914 Voluntary Liquidation
Source
historical_nic
3. February 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank closed and subsequently placed under federal conservatorship/receivership by comptroller actions; closed since February before receiver named in October 1933.
Newspaper Excerpt
The bank closed in since February
Source
newspapers
4. October 4, 1933 Receivership
Newspaper Excerpt
George Bittler ... took over his duties yesterday as federal receiver the People's National bank Princeton. Bittler was notified ... to take over as federal receiver of the People's National bank Princeton.
Source
newspapers
5. March 6, 1934 Other
Newspaper Excerpt
Bank Receiver Named in Suit ... government bonds demanded filed by persons against George Bittler receiver the Peoples National Bank Princeton. The ... suit that the bonds were loaned the bank to secure circulating notes ... the receiver has in his possession bank assets approximately $300,000 out of which to redeem the bonds.
Source
newspapers

Newspaper Articles (3)
1. October 4, 1933 Evansville Courier and Press Evansville, IN
Article from Evansville Courier and Press, October 4, 1933

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Article Text

BITTLER NAMED BANK RECEIVER [Picture Page Three] George Bittler president West and former agent of the Side took over his duties terday as federal receiver the ple's National bank Princeton. Bittler was notified his Monday in telegram O'Conner, of the Bittler Stuart Fisher, president of the bank and its conservator March. The bank closed in since February With the receipt of word that federal hope in Princeton that $100,000 in public funds might be released. Bittler said last night he can offer no such

2. March 6, 1934 Evansville Press Evansville, IN
Article from Evansville Press, March 6, 1934

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Article Text

BITTLER ASKED TO GIVE BACK BONDS Bank Receiver Named in Suit Filed at Princeton government bonds demanded filed by persons against George Bittler receiver the Peoples National Bank Princeton. The Samuel Ford, Lucy Boyd, Lula Wymond, James Sadie Archer, Nellie Julia Ford, Grace Boyd, Chattie Wilcox Bertha The suft the bonds were loaned the bank secure culating notes, that Bittler has his in bank assets with which to redeem the The suit, filed in Circuit Court expected be transferred Federal Court.

3. March 7, 1934 Evansville Courier and Press Evansville, IN
Article from Evansville Courier and Press, March 7, 1934

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Article Text

10 Demand Bonds Of Bank Receiver PRINCETON. March (Special) In filed circuit court here yesterday 10 persons, eight of them women ask possession of $16,000 worth of government bonds held by the Peoples National bank of Princeton. They claim ownership of the bonds which they said had been loaned to the bank to secure circunotes The plaintiffs contend that It duty George Bittler receiver the bank who named defendent the to return the bonds of the face value the bonds the assets of the bank Plaintiffs are Sadie Julia Grace Bertha Caskey Chattie Wilcox Lucy Boyd, Lula Wymond. James Eckerty and One of the allegations of the auit says that the receiver has in his possession bank assets approximately $300,000 out of which to redeem the secured by the bonds. The March and Stuart Fisher president was appointed by the comptroler of the currency Last October Bittler was receiver Attorneys said the cause probably would be transferred to federal court.