Peoples Bank of Westfield, MA – A Bankruptcy Case
If you are looking for a place to open a bank account in Westfield, MA, there are several options available to you. Peoples Bank offers services that include checking accounts, retirement accounts, and Traditional IRAs. They are located throughout western Massachusetts and have locations in Northern CT. There are also a variety of loan options and resources to help you manage your money. You can find out more information on their website or by contacting their customer service representatives.
The Peoples Bank is a local community bank with convenient banking centers in Western MA. The bank’s website provides a map and addresses for all of its branches. In addition to that, there are many ways to contact the bank including e-mail and phone numbers. Interested customers can apply online to open a bank account.
The Peoples Bank is an FDIC-insured institution with a maximum insurance cap of $250,000. It is an excellent choice for individuals who are interested in investing their money. CDs provide a safe investment option that can grow over time. However, if you are thinking about opening an IRA account at the Peoples Bank, you should consult a tax advisor first. Regardless of your choice, you can enjoy various benefits with an IRA account from the bank. Typically, CDs are a better investment than a checking account, as the interest rates are typically higher.
The Peoples Bank and Trust Company of Westfield was the defendant in this case. This bank was a trustee of the estate of Charles M. Smith, and it was the executor of his will. At that time, the company was owned by John C. Evans. He owned 123 shares of common stock, and no preferred stock.
The company made a mortgage on a chattel property in the amount of $54,000. The loan was secured by a check drawn on a Bankers account with the Peoples Bank and Trust Company. Eventually, the chattel mortgage was cancelled.
Another party to the dispute was the Bankers Commercial Corporation. The bank filed a motion for summary judgment, based on pleadings and depositions in its favor. A trial judge ruled in its favor, stating that the allegations of Bankers Commercial Corporation were untrue. Ultimately, the court entered a consent judgment of dismissal for two of the defendants.
Whether you choose a traditional or Roth IRA at the Peoples Bank, you will find a wide variety of benefits. Some of these include a low minimum balance and a 4.2500% APY*. These savings and CDs offer a number of different maturity periods. For more information on the various types of financial services offered by Peoples Bank, visit their website or contact them directly. Also, you can visit their location at 281 East Main Street in Westfield, MA.
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