19229. First State Bank (Deer Park, WA)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 1, 1933*
Location
Deer Park, Washington (47.954, -117.477)

Metadata

Model
gpt-5-mini
Short Digest
39e4aa820e00d5c0

Response Measures

None

Description

Articles (Mar 27–28, 1934) report that the First State Bank of Deer Park suspended at the time of the nationwide banking holiday about a year earlier (March 1933) and that a reopening plan was being submitted to depositors in late March 1934. Reopening depends on depositors agreeing to waive 60% of deposits and an RFC loan/grant of $10,000. No bank run is described.

Events (2)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Suspended at the time of the nationwide banking holiday (March 1933).
Newspaper Excerpt
The bank suspended year ago the time president's nation-wide banking holiday
Source
newspapers
2. March 27, 1934 Reopening
Newspaper Excerpt
Plans for reopening the First State bank Deer Park by depositors agreeing to waive 60 per cent of their deposit balances... made possible through approval loan grant by the Reconstruction Finance Corporation $10,000 aid plan. The banking department expected to authorize submission of the reopening plan to depositors shortly. (Spokane Chronicle, 1934-03-27/28).
Source
newspapers

Newspaper Articles (4)
1. March 27, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, March 27, 1934

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Article Text

DEER PARK BANK MAY BE OPENED Plans for reopening the First State Deer depositors agreeing waive 60 per their deposit balances for orderly liquidation have made possible through approval of loan grant by the Reconstruction corporation $10,000 aid plan. The bank suspended year ago the time president's nation-wide banking holiday banking department expected authorize mission of the reopening plan to depositors shortly.

2. March 27, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, March 27, 1934

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Article Text

DEER PARK BANK MAY BE OPENED Plans for reopening the First State bank Deer Park by depositors agreeing to waive 60 per cent their deposit balances for orderly liquida made possible through approval loan grant by Reconstruction Finance corporation $10,000 aid the suspended year the time president's banking holiday banking department expected authorize mission of the reopening plan to depositors shortly

3. March 27, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, March 27, 1934

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Article Text

DEER PARK BANK MAY BE OPENED Plans for reopening the First State Deer by agreeing 60 per of their deposit orderly liquidation have possible through approval loan grant by the Reconstruction $10,000 aid the The bank suspended ago the time the banking The banking department submission the reopening plan to depositors shortly

4. March 28, 1934 Spokane Chronicle Spokane, WA
Article from Spokane Chronicle, March 28, 1934

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Article Text

DEER PARK BANK MAY BE OPENED Plans for reopening the First State bank Deer Park depositors agreeing 60 per of their deposit balances for orderly liquidamade possible through approval loan grant by the Reconstruction corporation $10,000 aid the plan. bank suspended year the time president's banking banking department expected authorize submission the reopening plan to positors shortly