12856. First National Bank (Artesia, NM)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
7043
Charter Number
7043
Start Date
March 24, 1933
Location
Artesia, New Mexico (32.842, -104.403)

Metadata

Model
gpt-5-mini
Short Digest
319525fa715386e8

Response Measures

None

Description

Bank was closed during the statewide bank holiday/reopening process in March 1933 (listed as not yet reopened on 1933-03-24). A later July 8, 1933 article states a plan to open the First National (Artesia) around July 20, 1933. No run or depositor panic is described in the articles; closure appears due to the statewide holiday/government action and subsequent licensing/reopening.

Events (3)

1. November 24, 1903 Chartered
Source
historical_nic
2. March 24, 1933 Suspension
Cause
Government Action
Cause Details
Closed as part of the statewide bank holiday/holiday-related suspensions in March 1933; not yet reopened as of 1933-03-24
Newspaper Excerpt
The First National Banks at Gallup, Artesia and Las Cruces ... are the only ones in the state not reopened since the holiday
Source
newspapers
3. July 20, 1933 Reopening
Newspaper Excerpt
PLAN TO OPEN BANK ... First National Artesia be opened ... between July 20 and ... announced today.
Source
newspapers

Newspaper Articles (2)

Article from The Deming Headlight, March 24, 1933

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Article Text

ALL BUT FOUR BANKS IN THE STATE ARE NOW OPENED The First National Banks at Gallup, Artesia and Las Cruces and state bank at Gallup are the only ones in the state not reopened since the holiday Announcement of their reopening is expected daily. The state bank in Gallup is only awaiting the reopening of the nation n) bank there. The First National Bank of Lordsburg opened Saturday morning, under authority of a license received Friday afternoon.


Article from El Paso Herald-Post, July 8, 1933

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Article Text

MERCHANTS' COTTON CUT PLAN Simons Urges Last Effort for Campaign H. Simons, member of the county cotton acreage reduction committee, appealed to chants El Fabens, Clint, other in the and to with in last minute effort to bring the cotton acreage reduction in Texsuccessful close. He advised to call and urge them to sign cotton acreage under the reduction plan. He asked community committees join in the appeal. appeal McDonstate This plan will benefit not farmers merchants McDonald said. will bring $50,Texas during July and August, when cash is needed GLOBE FLIER IN Capt. Waino Bremer, Finland army officer, who stopped Paso on his flight, today, Amarillo. Capt. Bremer ships his plane across ocean. flying Junker allmetal plane. PLAN TO OPEN BANK M., July First National Artesia be opened on hundred between July 20 and announced today.