Peoples National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 4806
Charter Number: 4806
Start Date: September 9, 1933
Location: Belfast, Maine (44.426, -69.006)

Metadata

Model: gpt-5-mini
Short Digest: 94de05d0

Response Measures

None

Description

Article (1933-09-09) reports the payment of a first liquidating dividend of 45 per cent to depositors, indicating the bank is in liquidation and will not resume normal operations. No run is described. Closure appears voluntary/receivership liquidation; payments to depositors are being made through First National Bank of Waterville beginning Sept 11, 1933.

Events (4)

1. October 18, 1892 Chartered

Source: historical_nic

2. October 31, 1904 Voluntary Liquidation

Source: historical_nic

3. September 9, 1933 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is in liquidation and paying a liquidating dividend to depositors; operations are being wound up and payments made through First National Bank of Waterville.
Newspaper Excerpt: Payment of the first liquidating dividend of 45 per cent will begin Monday, September 11, 1933
Source: newspapers

4. September 11, 1933 Other

Newspaper Excerpt: Payment of the first liquidating dividend of 45 per cent will begin Monday, September 11. 1933, and continue until all depositors have been paid. This dividend will be paid through the First National Bank of Waterville (article excerpt).
Source: newspapers

Newspaper Articles (1)

1. September 9, 1933 Morning Sentinel Waterville, ME

Article from Morning Sentinel, September 9, 1933

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Article Text

In Belfast Shooting servator Vigue Explains yment 45 Percent Dividend mercial Deposits Are Be to Handled Same as Savings, Mr. Vigue Asserts Col. and Ner in which the Peoplesriences abroa will meet some of its depositors was exLerwick in vening in statement tour of southe harles W. Vigue, conavings, Christmas club, ercial deposits were takPoliceman by Mr. Vigue "To the depositors of the PeoNational Bank: "Payment of the first liquidating dividend of 45 per cent will begin Monday, September 11. 1933, and continue until all depositors have been paid. "This dividend will be paid through the First National Bank of Waterville and of course all of the fifteen thousand depositors cannot be paid in one day. Depositors in the Savings department or Christmas club will be required to present their deposit books Orders for payment will be drawn on the new First National (Turn to Page 3: Col. Please)