14077. Peoples National Bank (Keyport, NJ)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
4147
Charter Number
4147
Start Date
March 1, 1933*
Location
Keyport, New Jersey (40.433, -74.200)

Metadata

Model
gpt-5-mini
Short Digest
dbfbee1f

Response Measures

None

Description

Articles (both dated 1933-03-16) list Dumont National Bank among New Jersey national banks licensed by the Federal Reserve/New York Fed to re-open after the March 1933 banking holiday. No run or depositor panic at this specific bank is described; this is a government-ordered/state/national banking holiday suspension followed by authorization to reopen.

Events (3)

1. October 29, 1889 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed under the statewide/national bank holiday and banking restrictions in March 1933; awaiting permission from state commissioner/Federal Reserve to resume operations.
Newspaper Excerpt
The thirteen additional New Jersey banks announced night the New York Federal Reserve Bank licensed follow: ... Dumont Dumont National Bank.
Source
newspapers
3. March 16, 1933 Reopening
Newspaper Excerpt
The New York Federal Reserve Bank licensed for opening follow ... Dumont Dumont National Bank.
Source
newspapers

Newspaper Articles (2)

Article from The News, March 16, 1933

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Article Text

BANKING ALMOST NORMAL STAGE from page Bergen. president of the Franklin Trust made the statement, showing the there respondthe lifted well The volume today The offiappreciate the during the holiday. Our sound will President the Bank and Trust company, Broadway Bank and Trust received notifi- he cation authority operunrestricted from Commissioner William H. Kelly Trenton o'clock last night. deeply appreciate confidence shown in the directorate the bank positors friends our that will continue the policy conservative under which our bank Banks Open in State Newark. March (AP) New Jersey's banking structure approaching today with total of institutions serving county the state authorized re-open full business limitations only of gold or gold certifiAdditional authorizations open granted by the banks Col. William H. of Kelly state banking today left only banks awaiting permission resume normal business, although many them operated on restricted basis. Late last night Commissioner Kelly added state banks the list authorized open day and the Federal Reserve York. announced thirteen New Jersey bers the second Federal Redistrict had been granted Of the 198 state banks open fore the holiday, only 25 remain without licenses transbusiness the usual basis. of 269 banks, still awaiting authorization resume their status. On the basis of these figures, per cent. all the state's business usual. and practically every municipality state now provided with banking facilities such existed before state holidays. Reports from various cities indicate the public to the opening deposits ran far in excess Federal Licenses The thirteen additional New Jersey banks last night the New York Federal Bank licensed for opening follow Bernardsville National Bank Caldwell Caldwell National Bank. Dument Dumont National Bank. Central National Bank Freehold First National Bank. Kearny Kearny National Keyport Peoples National Bank National Farmers Mechanics Bank. Milford National Bank Nutley National Bank Ridgewood Citizens National Bank Trust Company First National Bank list added the National Bank which the Philadelphia Federal Reserve bank announced been licensed to Buying Revival Detroit Detroit. March and national banks ready and other plants increased production today and merchants reported general revibuying. Four Detroit banks and numersuburban banks the metropolitan pushed their examInation of two large banks closed conservators announced their with representative depositors of the First National and Guardian National Banks for the formation bank. Firms Open New March 16 mortgage


Article from The News, March 16, 1933

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Article Text

TRUST from 1.) the Franklin Trust Charles Bergen, In banks were permitted normal state and yesterday deposits and banking business exceptionally heavy. Suburban Banks the Job Citizens National Bank The Trust Ridgewhich opened doors business very the banks All In the and Haledon boroughs, National bank, the Little Falls National bank, the Park National bank, the First National Bank opened business quieted down busithese suburbs, including Glen Ramsey, Allendale very posits smaller banks the million dollar Ridgewood, tion said. Gold returned the various the of the two counties, bank almost unknown Deposits continued flow bigger than normal business as the confidence of the public, practically fully restored. of the hysteria that moved national bank holiday proclamation. Boon to Business and of the in most stances, and the buying public entered orders. heavy an almost holiday spirit. Mr. Bergen. president of the Trust company, made statement, showing how the there respondto the lifted ban: are well satisfied. The volume of business' today The offiappreciate the confidence the holiday. Our sound conpolicy President George the Broadway Bank and Trust Broadway Bank and Trust cation of its authority operfrom sioner William Kelly Trenton o'clock last night. deeply the the rate of the bank by friends and our that will tinue the which our bank has Banks Open State March New Jersey's structure approaching today with total institutions serving every county the authorre-open for full business limitations only withof gold gold certificates Additional authorizations open granted the Federal banks H. Kelly. state today only 99 banks still awaiting resume normal many of them operated on restricted Late last night Commissioner Kelly added ten state banks the list open day. and the Federal Reserve announced thirteen more New Jersey bers second Federal district had been granted licenses Of the 198 state fore the banking holiday. only remain without licenses transact business the and of the 269 still authorization resume their normal status basis of these figures. per all the state's banks business usual, practically every municipality state provided with such existed before the state and holidays Reports tinued indicate the public had reacted to the opening deposits far in excess Federal Reserve Licenses The thirteen additional New Jersey banks announced night the New York Federal Reserve Bank licensed follow: Caldwell Caldwell National Bank Dumont Dumont National Freehold Central National Bank Freehold First National Bank. Kearny Kearny National Bank. Peoples National Keyport Bank. National Bank. Matawan Farmers and Mechanics National Milford First National First National Bank Citizens National Bank and Rockaway First National To this list added the Elmer, which the Philadelphia announced licensed to Revival Detroit, March state and national banks' ready open and other institutions hourly, industrial plants increased production today general buying. Four Detroit banks and numerbanks their two large banks closed to the plans for the formation bank. New York, March 16 guarantee companoperating under jurisdiction the New York State surance department were granted permission re-open for business today under new set of rules formulated by the department assets. holders mortgages certificates may receive from the panies only principal interest may by the from the They prohibited further sale of mortexcept upon the approval the Insurance Eight mortgage guarantee comoperating under the State Banking which automatically the scope of President proclamabanking expected to receive their licenses re-open late today tomor- Duties of Conservator. March Duties of bank new bill are simithose the his conthe aim reopening an instituthan appointed directly to the comptroller of currency. to the bill, have all rights, and by insolvent national banks are subject obligations and penalties which are subject. The under the rection cording the bank bill, possession the books, ords and assets descripevery tion such action may be conserve the pending further disposition its business vided Newark to Pay Newark, March bank holiday, Mayor Congleton will prevent payment city ployes today. Unable get the out early next he added.