Ontario National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 9348
Charter Number: 9348
Start Date: August 31, 1932
Location: Ontario, Oregon (44.027, -116.963)

Metadata

Model: gpt-5-mini
Short Digest: 342a55ec

Response Measures

None

Description

Weiser State Bank was one of the group of banks in the First National Bank of Idaho system that closed Aug. 31, 1932. Articles describe the bank's suspension as part of that system failure and its subsequent reopening after a roughly 60-day pause with light withdrawals. No discrete depositor 'run' triggering the suspension is described in these clippings; the suspension appears tied to the failure of the First National Bank system.

Events (2)

1. August 31, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Part of the collapse of the First National Bank of Idaho system; the bank closed with other member banks when the parent system failed.
Newspaper Excerpt: The First National Bank of Idaho and nine subsidiary banks ... closed Aug. 31 ... The banks closed under the First National system, with their resources follow: ... Weiser State Bank, $856,883.
Source: newspapers

2. November 1, 1932 Reopening

Newspaper Excerpt: WEISER-An air of optimism swept through Weiser Monday the Weiser State bank, member of the First National Bank of Idaho group, reopened for business. Although crowd was in the bank most of the day, there was no appreciable of withdrawals. Officials said number of new accounts were started and deposits came in steadily on former accounts.
Source: newspapers

Newspaper Articles (2)

1. September 30, 1932 The Producers News Plentywood, MT

Article from The Producers News, September 30, 1932

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Article Text

LARGEST BANK IN IDAHO, 9 BRANCHES GOES BANKRUPTED The First National Bank of Idaho and nine subsidiary banks in Central and Western Idaho and Eastern Oregon closed Aug. 31, and were turned over to National and State Bank officials. The total resources of the banks were $12,753,063 on the date of the last call, June 30. The First National Bank of Ida: ho was the largest single institution of its kind in the state. It was the second bank to suspend business in Boise within a month, the City National Bank having having failed to open Aug. 1. The First Security Bank of Boise is the only bank remaining in the city. The banks closed under the First National system, with their resources follow: First National Bank of Idaho, Rupert State Bank, $429,014. Buhl State Bank, $613,293. Meridian State Bank, $176,108. Nampa State Bank, $753,377. Bank of Emmett, $364,165. Weiser State Bank, $856,883. Ontario National Bank, Ontario, Oregon, $956,433. Vale National Bank, Vale, Oreg. $280,656.

2. November 1, 1932 The Idaho Statesman Boise, ID

Article from The Idaho Statesman, November 1, 1932

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Article Text

FIRST NATIONAL DEPOSITS GAIN Nine Banks Re-open With Light Withdrawals: New Accounts Numerous (Continued from Page One) mer and new depositors, according to I. M. McCarthy, cashier. Patrons went their business as formerly, and at no there any display of any feeling except confidence and good will. Reopening of the bank here puts ack into nearly half million dollars in cash and credit, bringing much needed relief to hundreds in this vicinity, officials said. ONTARIO OPTIMISTIC ONTARIO (Special)- More than 98 per cent of waivers on deposits of $200 or more had been secured when the Ontario National bank reopened its doors Monday. Depositors with accounts less than $200 apparently were to leave them. there were few withdrawals. Occasional calls for funds were more than offset by the opening of new accounts. Bank officers said that deposits more than doubled as the greeted with enthusiasm the sumption of banking after a 60-day pause. Many business houses flew flags as an expression of optimism, and business men an increase in buying activity. WEISER NOTES REACTION (Special to The Statesman) WEISER-An air of optimism swept through Weiser Monday the Weiser State bank, member of the First National Bank of Idaho group, reopened for business. A1though crowd was in the bank most of the day, there was no appreciable of withdrawals. Officials said number of new accounts were started and deposits came in steadily on former accounts. Several merchants declared that business was brisker than It had been for months, an immediate reaction to the opening of the bank having set in before the day was well under way. claims aggregating $1500 against the defunct Twin Falls National bank. Argument on an action brought by district No. 54 asking preferred status for warrant of $290 was heard by Judge C. C. Cavanah. Attorneys 15 days to file additional briefs. The case of district No. 54 has combined with similar suits from six other districts which, it is alleged. had funds in the bank when it closed last The bank receiver, according to the complaint, acknow ledged the claim against the bank but denied preferred status because, he said, the bank did not receive cash but a check Preferred claims result from property rights only. counsel for C. D. Thompson, stated in a trial brief presented Monday.