3473. First National Bank (Parma, ID)

View Charter #11496 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
11496
Charter Number
11496
Start Date
September 1, 1932
Location
Parma, Idaho (43.785, -116.943)

Metadata

Model
gpt-5-mini
Short Digest
06104a494840b845

Response Measures

Accommodated withdrawals

Description

Articles report that while the Parma National Bank (a different institution) closed, the First National Bank at Parma remained open and the cashier reported only a slight run. The broader context notes ten regional bank closures the previous day, which likely prompted the modest withdrawals at the First National.

Events (3)
1. October 31, 1919 Chartered
Source
historical_nic
2. September 1, 1932 Run
Cause
Local Banks
Cause Details
Withdrawals were triggered by regional banking distress—articles note ten banks in western Idaho and eastern Oregon had closed, prompting modest withdrawals at the Parma First National.
Measures
None reported beyond remaining open; cashier reported only a slight run.
Newspaper Excerpt
The First National bank at Parma remained open and cashier reported only a slight run.
Source
newspapers
3. April 8, 1939 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. September 1, 1932 Baker City Herald Baker City, OR
Article from Baker City Herald, September 1, 1932

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Article Text

Two Banks in Boise Valley Closed Today BOISE Idaho. Sept. Two banks in the Boise valley closed today. the Parma National bany and the Eagle state bank. The First National bank at Parma remined open nd the cashier reported only a slight run. The Eagle State bank was cap italized at and had deposits of $117,000 on the June 30 bank The Parma National bank was capitalized at $25,000 and had $10.000 surplus. The amount of deposits could not be learned here. Ten banks in western Idaho and eastern Oregon. headed by the First National bank of Idaho at Boise, closed yesterday

2. September 2, 1932 Star-Herald Scottsbluff, NE
Article from Star-Herald, September 2, 1932

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Article Text

TWO MORE BOISE VALLEY BANKS UNABLE TO OPEN Boise, Idaho, Sept. (AP) Two banks in the Boise valley closed today, the Parma bank and the Eagle State bank. The First National Bank Parma remained open and cashier reported only slight run. The Eagle State bank was capitalized and had deposits of $117,000 on the June 30 bank call. The Parma National bank italized at $25,000 and had $10,000 surplus. The amount of deposits could not be learned here. Ten banks western Idaho and eastern Oregon, headed by the First National Bank of Idaho Boise, closed yesterday.