22182. 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
ea4d1262

Response Measures

None

Description

Articles (Spokane Chronicle, Mar 27–28, 1934) report the First State Bank of Deer Park suspended about a year earlier (at the time of the national banking holiday, March 1933) and that plans were approved to reopen in March 1934 with depositors agreeing to waive 60% of balances and with a $10,000 Reconstruction Finance Corporation loan/grant. OCR errors in the snippets were corrected (e.g., 'Reconstruction corporation', 'waive 60 per cent of their deposit balances'). No run is described.

Events (3)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Suspended about a year prior (at 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 Other
Newspaper Excerpt
Plans for reopening the First State bank Deer Park by depositors agreeing to waive 60 per cent of their deposit balances for orderly liquidation... approval loan grant by the Reconstruction Finance Corporation $10,000 aid plan.
Source
newspapers
3. March 27, 1934 Reopening
Newspaper Excerpt
Plans for reopening the First State bank Deer Park ... made possible through approval loan grant by the Reconstruction Finance Corporation $10,000 aid the plan. banking department expected authorize submission of the reopening plan to depositors shortly
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