First National Bank - Russellville, AL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 11846
Charter Number: 11846
Start Date: January 1, 1933*
Location: Russellville, Alabama (34.508, -87.729)

Metadata

Model: gpt-5-mini
Short Digest: d30ee4ec

Response Measures

None

Description

The First National Bank of Russellville closed early in 1933 after the banking holiday (government-imposed closures). The article (Nov 23, 1934) reports restrictions terminate and the bank will reopen on an unrestricted basis in early next week. No run is described in the text; this is a suspension (banking holiday) followed by reopening.

Events (3)

1. October 1, 1920 Chartered

Source: historical_nic

2. January 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed early in 1933 as part of the banking holiday (government-ordered closures).
Newspaper Excerpt: Deposits totaled approximately $250,000 when the bank closed early in 1933 after the banking holiday.
Source: newspapers

3. November 23, 1934 Reopening

Newspaper Excerpt: The First National bank of Russellville terminates at non Saturday, and normal operations will resume ... The bank will open on an unrestricted the early part of next week.
Source: newspapers

Newspaper Articles (1)

1. November 23, 1934 The Birmingham Post Birmingham, AL

Article from The Birmingham Post, November 23, 1934

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Article Text

RUSSELLVILLE BANK REOPENS NEXT WEEK Institution To Operate On Unrestricted Basis RUSSELLVILLE Nov. 23.-(Spe-Restrictions the First National bank of Russellville terminates at non Saturday, and normal operations will resume soon as necessary accounting transfers can be made It expected that the majority of accounts will be left with the bank. The bank will open on an unrestricted the early part of next week. Deposits totaled approximately $250,000 when the bank closed early in 1933 after the banking holiday.