People's Bank (Olivia, MN)

Episode Information

Episode UID
6361203891526
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
636120389 hash
Start Date
February 1, 1927*
Location
Olivia, Minnesota (44.776, -94.990)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e69f9c11fbfc2c27

Response Measures

None

Description

Article uses spelling 'Peoples Bank' (no apostrophe).

Events (2)

1. February 1, 1927* Receivership
Newspaper Excerpt
Attorney George A. Barnes of Redwood Falls has been made attorney to the receiver of the Peoples Bank of Olivia.
Source
newspapers
2. February 1, 1927* Suspension
Cause
Government Action
Cause Details
Closed by the National Banking Department; receiver appointed.
Newspaper Excerpt
This institution was closed recently by the National Banking Department.
Source
newspapers

Newspaper Articles (2)

Article from The Redwood Gazette, February 23, 1927

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Article Text

Nels Larson of Lucan was a Thursday caller in Redwood Falls. Mrs. Klammer of Howard Lake is a guest at the home of her daughter, Mrs. E. P. Gabriel. Miss Martha Ochs of Le Sueur arrived here last Wednesday for a visit at the home of her brother, R. V. Ochs. Charles Burmeister returned to Minneapolis Tuesday after spending a short time here with his parents, Mr. and Mrs. A. C. Burmeister. Mr. and Mrs. A. L. Guthrie returned Tuesday from Rochester where Mrs. Guthrie spent the past two weeks going through the Mayo Clinic. The Hemler Motor Car Co., Oak. land and Pontiac dealers, have a 1925 Ford roadster for sale. 33-1t Mrs. Jessie Skorseth left Saturday for her home at Canby after a week's visit here with her father, F. L. Parish and her sister, Mrs. Earl Peabody. Mr. and Mrs. N. L. Erickson motored out from Minneapolis Saturday and spent Sunday here with Mrs. Erickson's sister, Miss Marie Tolzman. The Hemler Motor Car Co., Oakland and Pontiac dealers, have a 1921 Chevrolet Coupe for sale. 33-1t Mr. Patten of Pierre, S. D., was a guest last week at the home of Mr. and Mrs. W. M. Dennistoun and alSO at the home of Mr. and Mrs. J. Frank Jones. Mrs. John McMaster and her son Lawrence of Sleepy Eye were guests from Friday until Sunday in Redwood Falls with Mrs McMaster's sister, Mrs. B. E. Zumwinkle. The Hemler Motor Car Co., Oakland and Pontiac dealers, have a 1924 Durant Coupe for sale. 33-1t Mr. and Mrs. Oscar Murset and family arrived here from St. Paul last week to make an extended visit with Mr. Murset's parents, Mr. and Mrs. Fred Murset near Redwood Falls. St. Catherine's Sewing Circle will hold a Food Sale at Lauterbach's Store Saturday afternoon at 2 o'clock, February 26th. Your patronage is solicited. 33-1t Attorney George A. Barnes of Redwood Falls has been made attorney to the receiver of the Peoples Bank of Olivia. This institution was closed recently by the National Banking Department. Mrs. Carrie Smithers returned Saturday from St. Paul where she spent a week at the home of her son, James Smithers. During her stay there she also attended Grand Lodge of the Degree of Honor, going as a delegate from the local lodge. Harry Callaghan of Clements spent Sunday in Redwood Falls and on his return was accompanied by Mrs. Callaghan and their new daughter, Patrica, who have been patients at the home of Dr. and Mrs. W. A. Brand for the past two weeks. Nyal Huskies will stop that throat tickle, 25 cents at Sward-Kemp Drug Co. 33-1t Carl Struckman passed away early Monday morning at the home of his daughter, Mrs. Mathilda Joern after an illness of several months. Death was caused from rheumatism and heart trouble. Mr. Struckman was eighty-two years old. A short funeral service was held Thursday morning at nine o'clock at the home of Mrs. Joern and a short service held at Waterbury near Wabasso where interment was made. Mr. Struckman has made his home in Redwood Falls the past two years with his daughter, Mrs. Joern, and before coming here lived at Morgan for a number of years. He is survived by three sons, Henry of Morgan, Carl of Washington, D. C., and August of Wabasso


Article from The Redwood Gazette, February 23, 1927

Click image to open full size in new tab

Article Text

Nels Larson of Lucan was a Thursday caller in Redwood Falls. Mrs. Klammer of Howard Lake is a guest at the home of her daughter, Mrs. E. P. Gabriel. Miss Martha Ochs of Le Sueur arrived here last Wednesday for a visit at the home of her brother, R. V. Ochs. Charles Burmeister returned to Minneapolis Tuesday after spending a short time here with his parents, Mr. and Mrs. A. C. Burmeister. Mr. and Mrs. A. L. Guthrie returned Tuesday from Rochester where Mrs. Guthrie spent the past two weeks going through the Mayo Clinic. The Hemler Motor Car Co., Oak land and Pontiac dealers, have a 1925 Ford roadster for sale. 33-1t Mrs. Jessie Skorseth left Saturday for her home at Canby after a week's visit here with her father, F. L. Parish and her sister, Mrs. Earl Peabody. Mr. and Mrs. N. L. Erickson motored out from Minneapolis Saturday and spent Sunday here with Mrs. Erickson's sister, Miss Marie Tolzman. The Hemler Motor Car Co., Oakland and Pontiac dealers, have a 1921 Chevrolet Coupe for sale. 33-1t Mr. Patten of Pierre, S. D., was a guest last week at the home of Mr. and Mrs. W. M. Dennistoun and also at the home of Mr. and Mrs. J. Frank Jones. Mrs. John McMaster and her son Lawrence of Sleepy Eye were guests from Friday until Sunday in Redwood Falls with Mrs McMaster's sister, Mrs. B. E. Zumwinkle. The Hemler Motor Car Co., Oakland and Pontiac dealers, have a 1924 Durant Coupe for sale. 33-1t Mr. and Mrs. Oscar Murset and family arrived here from St. Paul last week to make an extended visit "with Mr. Murset's parents, Mr. and Mrs. Fred Murset near Redwood Falls. St. Catherine's Sewing Circle will hold a Food Sale at Lauterbach's Store Saturday afternoon at 2 o'clock, February 26th. Your patronage is solicited. 33-1t Attorney George A. Barnes of Redwood Falls has been made attorney to the receiver of the Peoples Bank of Olivia. This institution was closed recently by the National Banking Department. Mrs. Carrie Smithers returned Saturday from St. Paul where she spent a week at the home of her son, James Smithers. During her stay there she also attended Grand Lodge of the Degree of Honor, going as a delegate from the local lodge. Harry Callaghan of Clements spent Sunday in Redwood Falls and on his return was accompanied by Mrs. Callaghan and their new daughter, Patrica, who have been patients at the home of Dr. and Mrs. W. A. Brand for the past two weeks. Nyal Huskies will stop that throat tickle, 25 cents at Sward-Kemp Drug Co. 33-1t Carl Struckman passed away early Monday morning at the home of his daughter, Mrs. Mathilda Joern after an illness of several months. Death was caused from rheumatism and heart trouble. Mr. Struckman was eighty-two years old. A short funeral service was held Thursday morning at nine o'clock at the home of Mrs. Joern and a short service held at Waterbury near Wabasso where interment was made. Mr. Struckman has made his home in Redwood Falls the past two years with his daughter, Mrs. Joern, and before coming here lived at Morgan for a number of years. He is survived by three sons, Henry of Morgan, Carl of Washington, D. C., and August of Wabasso and five daughters, Mrs. Anna Raddatz and Mrs. Joern of Redwood Falls, Mrs. Martha Schofman of Minneapolis, Mrs. Emma Parson of Chicago and Mrs. Lena Trebesch of Three Lakes Township.