First National Bank - Manchester, NH

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1153
Charter Number: 1153
Start Date: June 14, 1930
Location: Manchester, New Hampshire (42.996, -71.455)

Metadata

Model: gpt-5-mini
Short Digest: 35eb5e94

Response Measures

None

Description

Article (June 14, 1930) reports the First National's affairs were placed in the hands of other clearing‑house banks which assumed responsibility for management and financial support. No explicit mention of a depositor run or reopening; this appears to be a suspension/assumption of control that results in takeover/closure.

Events (3)

1. May 15, 1865 Chartered

Source: historical_nic

2. June 14, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Affairs placed in hands of other clearing-house banks; nearby Merrimac Savings had been closed by state officials, prompting intervention and assumption of management and financial support by local national banks.
Newspaper Excerpt: the affairs of the First National bank ... were placed in the hands of other clearing house banks the city ... The three banks have assumed responsibility for future management the First National, giving their financial support.
Source: newspapers

3. February 14, 1931 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. June 14, 1930 The Tampa Tribune Tampa, FL

Article from The Tampa Tribune, June 14, 1930

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Article Text

New Hampshire Banks Aid Bank in Trouble MANCHESTER N. June affairs of the First National bank. located in the same building with the Merrimac Savings bank which been closed by order of state officials. today were placed the hands other "clearing house' banks the city, the Amoskeag National. Manchester National and Merchants National The three banks have assumed responsibility for future management the First National, giving their financial support.