First National Bank (Anchorage, AK)

View Charter #12072 on SPMC View balance sheet

Episode Information

Episode UID
1207201465
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
120720 national
Charter Number
12072
Start Date
January 30, 1922
Location
Anchorage, Alaska

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bec8b62766299721

Response Measures

None

Events (3)
1. December 21, 1921 Chartered
Source
historical_nic
2. January 30, 1922 Other
Newspaper Excerpt
The First National Bank of Anchorage opened its doors for business on January 30.
Source
newspapers
3. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Territorial banking holiday proclaimed by governor and banking board in response to state suspensions and pending remedial legislation.
Newspaper Excerpt
Therefore, I, George A. Parks, Governor of the Territory, in conformity with the decision of the Banking Board, do declare the period of three days beginning Monday, March 6th, as a banking holiday during which all Territorial banks may remain closed.
Source
newspapers

Newspaper Articles (2)
1. March 4, 1922 The Kusko Times Takotna, Tokotna, McGrath, AK
Article from The Kusko Times, March 4, 1922

Click image to open full size in new tab

Article Text

Alaska News Notes The Grand Igloo of the Pioneers of Alaska will meet at Ketchikan on March 29. The American Legion will also hold its departmental convention there at the same time. At a special meeting of the Nome city council, recently, Hugh O'Neill was unanimously appointed city attorney to fill the vacancy caused by the resignation of City Attorney Cochran. Former Territorial Senator O. P. Gaustad, of Fairbanks, has been named by Jodge Clegg as receiver of the defunct Washington- A laska bank. to succeed F G Noves, and will wind up the affairs of the institution as soon as possible. The First National Bank of Anchorage opened its doors for business on January 30. Dr. J. B. Besson is president of the Institution. The other difficers are: Frank Knight, vice president; Winfield Erwin. cashier; Harry Hammill, assistant cashier. James F. Halpin, of Nome, has filed suit in the District Court at Nome to recover the sum of $4,000 from Attorney George D. Schofield, of that place. al leging that Schofield misrepresented certain facts in relation to the sale of the Sliscovich mine. Schofield denies the allegations. Charles Hauser, 68, died recently at Juneau, where he had resided for many years. He first came to Alaska in 1886. being one of the first men to go into

2. March 6, 1933 The Daily Alaska Empire Juneau, AK
Article from The Daily Alaska Empire, March 6, 1933

Click image to open full size in new tab

Article Text

tutions are sound and the interests of our depositors are thoroughly protected, and will be at all times," the statement declared. Local business houses were doing a normal business. They were accepting checks in payment of accounts and for purchases, and cashing them for customers where it was necessary. "There is no reason for anyone to be alarmed about the local situation. The banks are sound and the finances above risk," declared John W. Jones, President of the Chamber of Commerce. "The Chamber and its members, appreciating the need for protecting local depositors from the effects of the abnormal situation that exists in the States, approve the banking holiday as being the best and most available means of protection," he declared. Proclamation of Parks The Governor's proclamation stressed the safety of Alaskan banks and emphasized the fact that the holiday was caused by suspensions and legislation in the States, particularly on the Pacific Coast. The proclamation follows: "Whereas, a majority of the states have declared holidays during which all banking institutions may temporarily suspend business pending the enactment of necessary legislation to meet the existing emergency and since the legislation that has been enacted in the several states directly affects the banking institutions of the Territory, it must be followed by similar action on the part of the Territorial Legislature which convenes on March 6th. The Banking Board deems it necessary to pursue the course followed by the several states and provides a period of three days beginning Monday, March 6th, during which period all Territorial banks may remain closed. "This action by the Banking Board is in conformity with the procedure adopted in a majority of the States and is necessary only because of the action taken by them and to permit our Legislature to enact remedial legisaltion. "Therefore, I, George A. Parks, Governor of the Territory, in conformity with the decision of the Banking Board, do declare the period of three days beginning Monday, March 6vt, as a banking holiday during which all Territorial banks may remain closed."