Peoples Bank & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust
Start Date: September 5, 1930
Location: Perryville, Kentucky (37.650, -84.950)

Metadata

Model: gpt-5-mini
Short Digest: bbe0fb1709c5db1d

Response Measures

None

Description

Article (Interior Journal, 1930-09-05) states the Peoples Bank and Trust Company failed some years earlier and that final checks are being mailed to depositors (paid 73 cents on the dollar). The bank was wound up by the Special Banking Commissioner and remains closed; no contemporaneous run is described in the excerpt. Date of failure/suspension not specified in the article.

Events (2)

1. September 5, 1930 Other

Newspaper Excerpt: The final checks are being mailed this week to the depositors ... The depositors were paid back 73 cents on each dollar.
Source: newspapers

2. * Receivership

Newspaper Excerpt: DEPOSITORS GET 73c ON DOLLAR The final checks are being mailed this week to the depositors of the Peoples Bank and Trust Company which failed at Perryville some years ago. This act will forever close the operations of that institution. ... Special Banking Commissioner Councilman R. G. Wilmott ... wound up the affairs of the bank, has collected and paid to the depositors over 42 per cent while he has been on the job.
Source: newspapers

Newspaper Articles (1)

1. September 5, 1930 Interior Journal Stanford, KY

Article from Interior Journal, September 5, 1930

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Article Text

MIDDLEBURG Virgil Carrier is doing service for the state on the grand jury this week. Some two or three truck loads of Yosemite people went to Jamestown Sunday to hear Russell county people sing. Rev. J. R. Sears preached at the Baptist church Sunday morning. Mr. Wilson. father of Mrs. B. C. Norris, accompanied him from Somerset. Mesdames B. C. Norris, J. D. Fogle, Mina Lucas. T. H Moran, Luther Russell and Ethel Barlowe and Messrs. U. S. Tapscott and Herman Lucas attended South Kentucky Association at Rocky Ford Baptist church Tuesday. Mr. and Mrs. Ray Tomes, of Indianapolis, spent several days with Mrs. Tomes' brothers, Jason Coffey, at Yosemite, and Reed, Nathan and Adison Coffey, at Phil. Mr. Tomes told the writer that it was even dryer in Indiana than here. John G. Bates. Jr., and R. M. Fogle and three daughters, Misses Katherine Lee, Martha and Roberta, made a business trip to Middlesboro Tuesday of last week. The route led them through Brodhead, Mt. Vernon, Livingston, East Bernstadt, London, Corbin, Barbourville and Pineville, and they were very favorably impressed with all these towns except Corbin and were each glad when they reached its limits. While at Middlesboro they DEPOSITORS GET 73c ON DOLLAR The final checks are being mailed this week to the depositors of the Peoples Bank and Trust Company which failed at Perryville some years ago. This act will forever close the operations of that institution. The depositors were paid back 73 cents on each dollar. Special Banking Commissioner Councilman R. G. Wilmott, of this city, who wound up the affairs of the bank. has collected and paid to the depositors over 42 per cent while he has been on the job.-Advocate. $12,000 REAL ESTATE DEAL Baughman & Bradshaw sold for W. P. Lankford his farm of 98 acres to Killis Dawson; also small farm of Irvin Martin to J. W. Holtzclaw. PIE SUPPER AT HARRIS CREEK There will be a pie supper at Harris Creek School Friday night, Sept. 5, at 7:30 P. M. ran up to Cumberland Gap and spent an hour or so looking at the sights to Wednesday evening somewhat tired be seen there. They returned late but glad they made the trip.