12611. National Bank of New Jersey (New Brunswick, NJ)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
587
Charter Number
587
Start Date
February 14, 1933
Location
New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model
gpt-5-mini
Short Digest
2a902aca2335316f

Response Measures

Accommodated withdrawals

Description

Article of 1933-02-14 describes frightened depositors making heavy withdrawals and tellers staying to pay every payment; the bank remained open. By 1933-03-15 the bank is listed as open for business. No suspension or receivership is reported. Cause appears driven by local contagion from other local banks' actions/panic rather than a discrete misinformation incident.

Events (3)

1. November 25, 1864 Chartered
Source
historical_nic
2. February 14, 1933 Run
Cause
Local Banks
Cause Details
Frightened depositors and closures/behavior of other local New Brunswick banks prompted heavy withdrawals.
Measures
Tellers ordered to remain on duty and pay depositors; bank planned to remain open to meet demands.
Newspaper Excerpt
Frightened bank depositors called banks withdraw savings promptly paid by the banks... The National Bank of New Jersey planned remain open definitely their patrons. Several hundred persons in the National Bank ... orders the tellers remain on the job until every payment had been made.
Source
newspapers
3. March 15, 1933 Other
Newspaper Excerpt
National Bank of New Jersey, New Brunswick listed among banks 'open for business today.'
Source
newspapers

Newspaper Articles (2)

Article from The Central New Jersey Home News, February 14, 1933

Click image to open full size in new tab

Article Text

Citizens National Bank, Middlesex Title Close To Protect Depositors BANKS REMAIN OPEN TO AID DEPOSITORS their financial stability the New New Trust Company Peoples National Bank and Brunswick Savings Institution every demand made upon them today. Frightened bank depositors called banks withdraw savings promptly paid by the banks. To that they had ample funds to meet the the National Bank of New remained after the closing for New Brunswick Saving doors closed shortly after o'clock but all depositors within the bank assured that they be paid their the funds meet the demand The National Bank of New Jersey planned remain open definitely their patrons. Several dred persons in the Nationai Bank orders the tellers remain the job until every payment had made. The New Brunswick Trust Company kept open until 3:15 o'clock and Peoples NationBank did likewise. All trons within the banks time were paid their deposits.


Article from The Central New Jersey Home News, March 15, 1933

Click image to open full size in new tab

Article Text

Open for Business The following banks in Middlesex county were open for business today: First National Bank of Cranbury. Carteret Bank and Trust Company. First National Bank Dunellen. Peoples Trust Company, Dunellen. First National Bank of Highland Park. First National Bank of Milltown. National Bank of New Jersey, New Brunswick. New Brunswick Savings Institution. New Brunswick Trust Company. Peoples National Bank, New Brunswick. The Liberty Bank, New Brunswick. Perth Amboy National Bank. Perth Amboy Savings Institution. First National Bank of South Amboy. South Amboy Trust Company. First National Bank of Sayreville. First National Bank of South Plainfield. First National Bank of South River Other banking institutions open for business today in this vicinity are: First National Bank, Bound Brook. Bound Brook Trust Company. Bound Brook. Somerville Second National Bank, Somerville. Somerville Tru Company, Somerville. Somerville Savings Bank, Somerville. Raritan Savings Bank, Raritan. Raritan State Bank. Raritan. Peapack-Gladstone Bank, Peapack. Princeton Bank and Trust Company, Princeton. Princeton Savings Bank, Princeton. First National Bank, Princeton. First National Bank, Hightstown. Hightstown Trust Company, Hightstown. First National Bank, Plainfield. Mid-City Trust Company, Plainfield. Plainfield National Bank, Plainfield. Plainfield Savings Bank, Plainfield Plainfield Trust Company, Plainfield. State Trust Company, Plainfield. Rahway Trust Company, Rahway. Rahway National Bank, Rahway. Savings Institution, Rahway. Keyport Banking Company, Keyport. The Matawan Bank, Matawan. First National Bank of Englishtown. Manville National Bank, Manville.