Article Text
P BANK CLOSES DOORS YAKIMA, Wash., April 10. - The First National Bank at Sunnyside closed yesterday afternoon following a run.
19434. First National Bank (Sunnyside, WA)
Bank Information
- Episode Type
- Run → Suspension → Reopening
- Bank Type
- national
- Bank ID
- 8481
- Charter Number
- 8481
- Start Date
- April 9, 1924
- Location
- Sunnyside, Washington (46.315, -120.005)
Metadata
- Model
- gpt-5-mini
- Short Digest
86be52af12560bfb
Response Measures
Accommodated withdrawals, Capital injected, Full suspension, Books examined
Description
Newspaper accounts report a run that led the First National Bank of Sunnyside to close in early April 1924; a national bank examiner took charge, the bank was closed about 19 days and then reopened after reorganization. Cause attributed to an idle and unfounded rumor. Dates inferred from publication dates and text: closure early April, reopening reported April 28, 1924.
Events (6)
1.
December 22, 1906
Chartered
- Source
- historical_nic
2.
April 9, 1924
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- Accounts state the run was caused by an idle and unfounded rumor.
- Measures
- Bank closed; national bank examiner placed in charge; stockholders met to consider reorganization.
- Newspaper Excerpt
- The First National Bank at Sunnyside closed yesterday afternoon following a run.
- Source
- newspapers
3.
April 10, 1924
Suspension
- Cause
- Rumor Or Misinformation
- Cause Details
- Closure/suspension followed the run provoked by an unfounded rumor; examiner took charge and reorganization was considered.
- Newspaper Excerpt
- Doors of the First National bank of Sunnyside ... did not open today following a run on it yesterday. A national bank examiner is in charge and citizens ... are meeting today to consider plans for reorganization.
- Source
- newspapers
4.
April 28, 1924
Reopening
- Newspaper Excerpt
- Doors of the First National Bank of Sunnyside ... were opened at the usual hour today after they had been closed for 19 days as a result of a run on the bank which was caused by an idle and unfounded rumor.
- Source
- newspapers
5.
December 14, 1935
Voluntary Liquidation
- Source
- historical_nic
6.
December 14, 1935
Voluntary Liquidation
- Source
- historical_nic
Newspaper Articles (3)
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Article Text
SUNNYSIDE BANK IS CLOSED AFTER RUN YAKIMA, April 22-Doors of the First National bank of Sunnyside, established in 1906 and which has a $50,000 capitalization, did not open today fololwing a run on it yesterday. A national bank examiner is in charge and citizens of Sunnyside are meeting today to consider plans for reorganization.
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Article Text
the reopening of the Sunnyside bank has not been announced. The invitation, which was unsolicited, comes as a distinct compliment to Mr. Linder and the local bank. Mr. and Mrs. Linder came here five years ago and during that time have made a host of friends who will regret their departure, but will be glad that it comes as a result of advancement.Grandview Wn., Herald. Sunnyside, April 28.-Doors of the First National Bank of Sunnyside, of which W. L. Steinweg of Yakima is now president, were opened at the usual hour today after they had been closed for 19 days as a result of a run on the bank which was caused by an idle and unfounded rumor. The bank was as crowded today as though there were another run, but in this instance it was a run to deposit money. There was not a single withdrawal during the entire forenoon. "Like a circus here all day," Mr. Idleman exulted at noon. "Guess there isn't any doubt that the Sunnyside people wanted the bank to reopen and are back of it." Mr. Idleman considers the Sunnyside bank made almost a national record in being reopened in such brief period after closing its doors. Stockholders of the reorganized bank, at a meeting late Saturday, elected Mr. Steinweg, A. G. Fleming, A. C. Burdick, E. F. Keyes, F. H, Langford, John Heffron and D. A. Linder directors. Fleming was named vice-president; Linder, cashier; B. J. Wilms and J. S. Robetrson, assistant cashiers, and Mrs. Gerald Schriener, bookkeeper.-Yakima Republic. Mr. Linder had his first banking h experience in Nezperce a dozen years ago and made good at it. Since then I S he has been in the Yakima section, following the banking business, and his S many old prairie friends have watched his successful progress with much interest, because we all like "Day." j c He is a son of S. J. Linder, for many b years a leader in Craigmont affairs, tl and now residing at Clarkston, and the young banker is a son-in-law of Mr. and Mrs. W. J. Ramey, prominent pioneers of Nezperce, now in the lumber business at Gilbert.