12499. First National Bank (Munich, ND)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
7569
Charter Number
7569
Start Date
January 15, 1934
Location
Munich, North Dakota (48.669, -98.833)

Metadata

Model
gpt-5-mini
Short Digest
53c02679

Response Measures

None

Description

Articles state the First National Bank of Munich was suspended during the national banking holiday (government action) and was reorganized and scheduled to reopen about Jan 15, 1934. No run or depositor panic is described in the articles. OCR errors in Article 1 corrected (e.g., First Namade -> First National).

Events (4)

1. January 21, 1905 Chartered
Source
historical_nic
2. January 15, 1934 Reopening
Newspaper Excerpt
the reorganized First National bank Munich will be reopened for unrestricted business on about 15. / will open about Jan. 15 ... the reorganized First National bank of Munich be opened unrestricted business before Jan. 15.
Source
newspapers
3. April 30, 1938 Voluntary Liquidation
Source
historical_nic
4. * Suspension
Cause
Government Action
Cause Details
Suspended at the time of the national banking holiday (March 1933 banking holiday/closure measures).
Newspaper Excerpt
The bank was suspended the time of national banking holiday.
Source
newspapers

Newspaper Articles (2)

Article from The Forum, December 31, 1933

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Article Text

Munich Bank Reorganized Will Open About Jan. 15 Munich, that the reorganized First Namade bank of Munich be tional opened unrestricted business before Jan. 15. The which suspended the national banking has been the day, First bank Hampden, E. Callahan, similarly cashier of the Munich bank, the former bank, will be active bank will have capital of $25,000 and surplus $5,000.


Article from The Hope Pioneer, January 11, 1934

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Article Text

THROUGHOUT THE BRIEF 340 have been assigned to jobs in Steele county projects. Fourteen projects have been approved, of which small have been completed. Lee of San Diego, cousin of Lee of Hillsboro, the inventor of 112calendar, samples which have been received local residents. Lee has also designed 50-year calendar. drive has been launchin Mandan for to complete the furnishing and equipment the new swimming pool here. Rausch chairman of the drive sponsored by the American Legion post. attendance the golden wedding celebration of Mr. and Mrs. Nash held the Methodist church about 100 guests. couple were presented with from the guests. that the reorganized First National bank Munich will be reopened for unrestricted business on about 15. The bank was suspended the time of national banking holiday. Westley, 20, of Westley, is recovering satisfactorily from injuries received tobogganing accident. Westley hurled from the toboggan, ing his face, fracturing his and facial bone the right side. Anna Scholl, 18, Mandan restaurant employee, hospital here suffering from gashes and concussions on the head resulting from chunk of plaster which fell from the ceiling while she workin the kitchen. Anderson tient in the Kenmare hospital and may have to have his hand amputated the result of exposure. Anderson suffered partial paralytic stroke while on the way to visit neighbor and was unable to walk. Valley 1933, fire lossin Valley City only $248, according to William Craswell, fire chief. The damage the lowest in 15 years. Seventeen alarms answered but losses suffered only during $196, and November. Grand Ryan, 67, former banker farmer of Hensel, Dak., died recently in Los Angeles. Ryan left here for California in 1925. He survived by his widow, four daughters and sons, all in Los Angeles. Pierce, Moure, and Robert Moore, Grand Forks, senior and alumnus respectively of the University of North kota, announced North Datwo candidates for Rhodes scholarships. county officials piecing together maze of clues in the slaying of John apparent crude attempt to indicate suicide. Huffman was found dead freight car with shoulshattered by two shotgun charges, the gun over his body. Grand Gislason, 58, practicing physician Grand Forks for 30 years, died of heart attack while asleep. In addition his medical work, Dr. Gislason was known for his studies of Icelandic culture and literature and had lated several Icelandic poems into English. Payer, 102, died in the home here of his Jacob, with whom he had lived for 40 years. The aged had been good health until the day of his death and Mr. Payer became ill, was believed the first time in his life was to call physician to care for him. Devils Lake on January 30, will have Birthday Ball, honoring President Roosevelt, Hocking, president of the Democratic club, has amounced. Receipts from the ball will be used to endow the Warm Springs Foundation, which to carrying its work of relievsufferers infantile paralysis. their blazing home flames which followed gasoline explosion, Maxine Bader, and Bader, lost their fire which destroyed the Fred Bader home. More than gallon of gasoline Bader heating on the kitchen stove in an attempt to start his car exploded Mrs. Bader sought the Devils Lake hospital suffering serious injuries to the face ceived while working on CWA proMacDonald working gravel in which the gravel had become frozen and explosives being used loosen after for time was thought that the fuse had died out he went over to investigate, the charge exploding that time. Aslakson, for deputy state insurance many years commissioner, has been appointed the state insurance manager department of Insurance Commissioner Olsness. He succeeds Heising. the first time in many there will be no jury terms Cass county district court during January and February. Judge Englert, who presided the early winter term, announced that all jury cases on the Cass county district calendar have been disposed