14393. First National Bank (Albuquerque, NM)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2614
Charter Number
2614
Start Date
March 15, 1933
Location
Albuquerque, New Mexico (35.084, -106.651)

Metadata

Model
gpt-5-mini
Short Digest
0241039c

Response Measures

None

Description

The bank is listed among New Mexico banks reported closed on March 15, 1933 (bank holiday / treasury restrictions). By June 1933 the First National Bank of Albuquerque is described as insolvent and an outside group offers $100,000 to effect a reorganization — indicating the suspension became a permanent failure (closure) rather than a simple temporary stoppage. No explicit run is described in the articles; the March closure occurred under treasury/administration orders. No explicit receiver appointment is mentioned in the provided texts.

Events (2)

1. March 15, 1933 Suspension
Cause
Government Action
Cause Details
Closed during the March 1933 bank stoppage; banks reopened under permits from the Treasury/administration but this bank was listed among those reported closed in Albuquerque.
Newspaper Excerpt
The banks, reported closed, were as follows: First National bank, Albuquerque;
Source
newspapers
2. June 16, 1933 Other
Newspaper Excerpt
Ruth Hanna Simms, Albert G. and Bartlett H. Simms ... have offered to subscribe $100,000 in capital stock to effect a reorganization of the insolvent First National bank of Albuquerque. This would leave $75,000 for the proposed new bank ... reorganization is proposed to call the new bank ... (article). (OCR truncated).
Source
newspapers

Newspaper Articles (2)

Article from El Paso Times, March 16, 1933

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Article Text

New Mexico Banks Active 42 Of State's 48 Reopen For Normal Business; Deposits Exceeded Withdrawals. Albuquerque, March 15 (AP). -At least 42 of New Mexico's banking institutions, both national and state, resumed business today without restrictions other than those placed by President Roosevelt on hoarding. Up to noon 20 of the 22 state banks were open under orders from Jon Bingham and 22 the 26 national banks were doing business under permit from the secretary of the treasury. The banks, reported closed, were as follows: First National bank, A1buquerque; First National bank, Gallup; First National bank, Las Cruces: First National bank, Lordsburg: Merchants State bank. Gallup, and the First Savings Trust company, Albuquerque. The two state banks awaited opening of the national banks in Albuquerque and Gallup before they resumed business. Deposits Exceed Withdrawals. Reports from over the state indicated the public was more interested placing deposits in the banks than withdrawing money most cases deposits exceeded the withdrawals. Word came from Washington that Senator Bratton took with the treasury the banking situation affects New Mexico and the banks there not licensed by the treasury reopen. The senator explained the state's banking institutions somewhat in doubt as to some of the treasury's actions and he sought an planation so that he could advise them. rapidly as the information is supplied, Bratton said, it is being sent interested persons in New Mexico, with the explanation most of it is confidential matter.


Article from The Coolidge Examiner, June 16, 1933

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Article Text

Southwestern Briefs The Arizona Fish and Game Com mission has named S. L. Lewis, Flagstaff hotel manager, as state game warden, succeeding W. C. Joyner. The tentative 1933-34 budget for the Mexico State Highway Departcalls for an ment New expenditure on of $5.- the 986,000 in construction work 7 per cent system. Arizona State Game Warden S. L. has announced the appointment of Rencher as deputy game to succeed R. warden, Lewis Guy state W. Betts, Springerville, who resigned. Members of the Arizona state highpatrol are to be deputized as inspectors by Agriculture and quarantine Board way of the few Horticul- State days ture, it was announced a ago. Santa Fe, Madrid, Las Vegas and Bernalillo have formed the Central New Mexico Baseball League. A split season, with nine games in each half, opened May 28, and will close September 10. State Criminologist J. F. McDonald has reported that crime in Arizona has shown a 6.73 per cent decrease for the first ten months of the present fiscal year as compared to similar period in 1931-32. The program for an $8,000,000 flood controi project, as a means of allevi- has ating unemployment in Arizona, to Gov. B. B. Moeur Stuart Bailey, the and been presented secretary Board. of State Public Welfare The present faculty of the University of New Mexico will continue inyear with one exception. J. Workman has tact Dr. E. next been S. engaged Rockto take the position of Dr. R. wood, whose death occurred last fall. Milton J. Helmick's decision allow of 3.2 beer as a legal beverNew Mexico, won't age lup's ing sale in thirst, affect to bring Galbut it may serve the the city additional revenue in form of licenses, M. K. Clark, federal prohibition agent, believes. Appointments by county boards of supervisors for Arizona to fill vacancies in the Eleventh Legislature since adjournment of the regular session of that body, were held invalid in an delivered to Gov. Moeur by General Arthur T. Attorney opinion LaPrade. office Receipts of the state land from gas and oil fees and rentals in April exceeded the same period a year ago by nearly a fourth, Frank Vesseley, state land commissioner, an nounced. Last year the receipts were $45,411 and this year are $10,012 ahead of that figure. Three hundred and fifty men, bound for civilian conservation camps, recently arrived in Santa Fe, N. M. They were assigned to two camps near the city. The contingent was mostly of men Texas, the composed capital outside from the first workers from state to reach that section. An election during 1933, to name to former Congressman W. Douglas, is unsuccessor Lewis impossible those der existing statutes or which operative June 13, 1933. T. LaPrade, will Arthur become attorney general opinof Arizona ruled recently in an ion to Governor Moeur. Roswell won the New Mexico Rifle championship by one point Grant County in Teams from League the participating held Rifle the for league Club. the shooting. which has been last two months, were Roswell, Grant Ala Country Gun Club, White Signal, mogordo and Lordsburg. The chief of the New Mexico state motorcycle patrol and the to be of of applicants, nine the highway host patrolmen selected will of be out train- put through a thirty-day course ing at St. Michael's College to fit them be for their work. The school is to conducted either by the head of the Texas or the California patrol. that 40,000 acres of pine in the Prescott, Ariz., will be laid waste by a timber forest Possibility national blight acsweeping it, unless emergency has been supervisor of tion Frank now is Grubb, taken, voiced known the local by The disease is as and works on causing service. "twig needle blight" bunches, them the killing to pine become yellow, die, ultimately the tree. San Miguel county, N. M., taxpay- the ers, through representatives of Federated Taxpayers' Association, will lend support to Curry county taxpayers in appealing to the State Supreme Court in an effort to prevent the the fulfillment of Senate bill 144, measure providing for the sale of de- W. linquent tax property June 12, C. G. Ward, secretary of the federation, has announced. Ruth Hanna Simms, Albert G. and Bartlett H. the New Mexico City Simms dent of Kinney, Products presiCompany, have offered to subscribe $100,000 in capital stock to effect a reorganization of the insolvent First Na. tional bank of Albuquerque. This leave $75,000 for prowould the complete only reorganization. needed It the is posed to call the new bank Na.