12487. First National Bank (Fairview, NJ)

View Charter #12465 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
12465
Charter Number
12465
Start Date
January 8, 1932
Location
Fairview, New Jersey (40.821, -74.003)

Metadata

Model
gpt-5-mini
Short Digest
56f6aa77c72e11bc

Response Measures

None

Other: Bank officials pursued legal action — arrests of two men accused of circulating false rumors — intended to stop the panic.

Description

Articles (published 1932-01-08) report circulation of false rumors by two Fairview men that produced a slight run on the First National Bank of Fairview; the men were arrested. No suspension, receivership, or closure is mentioned.

Events (3)
1. November 22, 1923 Chartered
Source
historical_nic
2. January 8, 1932 Run
Cause
Rumor Or Misinformation
Cause Details
Two Fairview men allegedly circulated false rumors about the bank's condition, prompting depositors to withdraw funds; both were arrested and held on $2,500 bail.
Random Run
Yes
Random Run Snippet
men circulating false rumors about the bank's condition; arrested
Measures
Directors sought to trace false reports; arrests of the individuals alleged to have spread rumors.
Newspaper Excerpt
who said they were circulating false rumors about the bank's condition As result of the rumors, there was run on the bank
Source
newspapers
3. September 25, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. January 8, 1932 The Daily News Passaic, NJ
Article from The Daily News, January 8, 1932

Click image to open full size in new tab

Article Text

About A Bank Cause Arrests Two Fairview Men Held In Jail Pending $2,500 BailCauses A Slight Run On Bergen Institution Robert Hammond, of 215 Fourth Street, Fairview, former special policeman, and Fred Hiza, of 310 Anderson Avenue, Fairview, were arrested this morning on complaint of Fred Geiger. president the First National Bank of Fairview. who said they were circulating false rumors about the bank's condition As result of the rumors, there was "run" on the bank and the directors to trace the false reports. Hisa dented he started the rumos, saying Hammond came to his house told him about the bank's financial condition likewise, denied he started it. His wife and motherin-law drew all their money from the institution Wednesday. Officials at the bank today stated tion. They did not anticipate any they said. Hiza and are in Bergen County Jail awaiting posting $2,500 ball each.

2. January 8, 1932 The Daily News Passaic, NJ
Article from The Daily News, January 8, 1932

Click image to open full size in new tab

Article Text

Mrs. William About A Bank Hoehl Honored Cause Arrests The Rosary League of the Church of the Assumption tendered Two Fairview Men Held In luncheon at the church hall, yesJail Pending $2,500 Bailterday in honor of the retiring president, Mrs. William Hoehl, who Causes A Slight Run On has had the honor of being presiBergen Institution dent of the league for the past ten years. Mrs. Hoehl was presented with a beautiful gold rosary from Street, Fairview, former special the members, the presentation be- policeman, and Fred Hiza. of 810 Anderson Avenue, Fairview, were ing made the Rev. Father Edarrested this morning win, Mrs. Hoehl responded with of Fred Geiger. president of the most apeech of acceptance. First National Bank Fairview, Father Edgar Barret was also who said they were circulating false present as well as Father Henry, rumors about the bank's condition both of whom made short ad- result of the rumors. there was on the bank and dreases. There were about sixty to trace members and guests present, all of false reports. whom had most delightful time. Hisa denied he started the rumor, The luncheon was followed by Hammond came his short business meeting at which told him about the time plans were discussed for the financial denied coming afternoon card party of the started It., His wife and mother. league which will be held at the drew all their money church hall on Thursday, January the institution Wednesday. 21. The next meeting Officials at the bank today stated league will be held Thursday, February Two new members were tion. They did not anticipate any they said enrolled. Mrs. Gertrude Devine and and are in BerMrs. Helen Herbert. County Jail awaiting posting