First National Bank - Walla Walla, WA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 2380
Charter Number: 2380
Start Date: February 14, 1933
Location: Walla Walla, Washington (46.065, -118.343)

Metadata

Model: gpt-5-mini
Short Digest: 64bfef9d

Response Measures

None

Description

First National Bank (Walla Walla) and Union Bank & Trust suspended operations on Feb 14, 1933 pending consolidation and an RFC loan; First National later reopened under federal license in February 1934. No article describes a depositor run on First National, so this is a suspension with reopening. Cause for suspension appears to be inability to obtain RFC credit and pending reorganization (classified as 'other').

Events (4)

1. March 18, 1878 Chartered

Source: historical_nic

2. February 14, 1933 Suspension

Cause Details: Banks closed (60-day) because RFC would not extend necessary credit; closure pending consolidation/reorganization with Union Bank & Trust.
Newspaper Excerpt: First National bank and the Union Bank and Trust company of this city were to start 60-day today. ... because of the inability of the Reconstruction Finance corporation to extend at this time the necessary credit plans for consolidation of the two institutions failed to materialize
Source: newspapers

3. February 1, 1934* Reopening

Newspaper Excerpt: The Union B Trust Company ... reopened by the state banking department today after closed since February 1933 ... The Union Bank First National Bank Walla closed on the same day and the latter reopened under federal cense February 1934.
Source: newspapers

4. December 16, 1946 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (4)

1. February 14, 1933 Baker City Herald Baker City, OR

Article from Baker City Herald, February 14, 1933

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Article Text

First National and Un. ion Trust Expected to Merge WALLA WALLA 14. First National bank and the Union Bank and Trust company of this city were to start 60-day today. Officers of the institutions announced that beginning today the banks would be closed for the two-months They said that because of the inability of the Reconstruction Finance corporation to extend at this time the necessary credit plans for consolidation of the two institutions failed to materialize Total resources of the two suspended institutions were given follows: Union Bank and Trust First Closing of the two institutions leaves but one bank in Walla Officers of the First National and Union banks said that they were confident plans for consolidation of the two institutions can be successfully concluded before the has expired.

2. February 15, 1933 The Spokesman-Review Spokane, WA

Article from The Spokesman-Review, February 15, 1933

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Article Text

BELT THREE NAMED TO ORCHESTRA TEACHERS REELECT REED TOWNS OF PALOUSE SCHOOL WHITTLES OFF COSTS SOUTHEASTERN IRRIGATION REGION AND PROBLEM Supervised Play Takes Care of Situation, Recreation Director Tells Chamber. BANK MERGER PLANNED Closed Institutions Expect Together, Obtain Resume WALLA WALLA Feb. courts, where lovesick youths together, and through games which hold hands without laughed the boy and girl problem the playgrounds Robert seven years supertold the of commerce The are given strenuous play and are sent home, tired for she the was 1927. Last year is was 19,000. Banks to Weather Storm. Confidence that negotiations but reopening the financial the First National bank and the Union Bank and Trust company, closed today, can be completed within the voiced today John D. president of the First National. and Harry Lasater, president of the Union Bank and Trust company Mayor Frank H. Richmond today issued declaring day bank holiday for the two institutions, pending their efforts to reorganize by loan from the Reconstruction Finance The closing of the two banks left Walla Walla with one other, the National bank, oldest the state. has made arrangements take of the additional required by the and today reported many new accounts. Share of $4,000,000 Asked. The county commissioners antoday that they will part of the from the state corporation loan for use here labor for those imperative need. Weston Woman Dies. Mrs. Susan today. She had spent of her life in Umatilla Erma Davidson, she leaves six children. High School Students to Play SeatCLARKSTON, Wash. Feb. (Special.) high school have selected for the allhigh school 1933. They are Billy Barbara and Baack, bassoon. The chestra, composed 200 high student members, will meet in SeatApril 17-19. An of $150 has been by county for horticultural county during April. required spray trees for protection against and pests. The action was requested by petifrom approximately growers in the Clarkston orchards.

3. February 15, 1933 The Spokesman-Review Spokane, WA

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Article Text

BOY AND GIRL PROBLEM MET Play Takes Care of Supervised Situation, Recreation Director Tells Chamber. BANK MERGER PLANNED Two Closed Institutions Expect Get Together, Obtain Loan WALLA WALLA tennis lovesick youths can play together, through hold hands being the boy and problem the grounds here. Mrs. Robert told the chamber of commerce today. The are given strenuous and are home, too tired for mischief, she the was 1927. Last year is was 19,000. ond Banks to Weather Storm Confidence that negotiations the reopening two financial stitutions. First National bank and the Union Bank and Trust closed can be completed within the voiced today John D. president the First of the Union Harry president Bank and Trust company Mayor Frank H. today proclamation declaring day bank holiday for the two institutions, pending their efforts to reorganize and by loan from the Reconstruction Finance The closing of the two banks left Walla Walla with other National bank. oldest the state. has made arrangements take the additional required the and today reported opening many new accounts Share of Asked. The county commissioners today that they will part of the from the state loan for use here for labor for those in Weston Woman Dies. Mrs. Susan 42. Weston. here today had most of her in Umatilla Ore Besides her Erma Davidson, she leaves six children.

4. July 17, 1934 The Bellingham Herald Bellingham, WA

Article from The Bellingham Herald, July 17, 1934

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Article Text

APPEAL REJECTED Mrs. Antonio Must Hang Unless Governor Intercedes ALBANY N. July The court appeals ruled Monthat Mrs. Anna Antonio, convicted husband must die in the electric chair at Sing Sing prison unless Her execution has been set for August BANK REOPENED WALA WALLA July The Union B Trust Company by the state banking department today after closed since February 1933 Forty per cent old deposits were immediately available deposihave affiliate holding company for the balance of their claims. The opening of this bank leaves financial institution. the People's State Bank. in liquidation closed September 14. 1932 The Union Bank First National Bank Walla closed on the same day and the latter reopened under federal cense February 1934.