First State Bank - Challis, ID

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 26, 1932
Location: Challis, Idaho (44.505, -114.232)

Metadata

Model: gpt-5-mini
Short Digest: 6c6937f5

Response Measures

Full suspension

Other: Bank closed its doors (suspended) and appears to have remained closed; receiver not explicitly mentioned in article.

Description

Article (Idaho Statesman, 1932-05-26) reports the First State Bank of Challis closed its doors in the face of run that began after the Bank of Salmon closed. Text is truncated but clearly indicates a run triggered by nearby bank closures and the local bank closed permanently. Date taken from publication.

Events (2)

1. May 26, 1932 Run

Cause: Local Banks
Cause Details: Run began after closing of the Bank of Salmon; contagion from nearby bank failure
Newspaper Excerpt: First State bank of Challis closed its doors in the face of run which started after closing of the bank and left Custer county without bank within its borders. The Bank of Salmon closed Monday and the run on the local bank started Tuesday morning
Source: newspapers

2. May 26, 1932 Suspension

Cause: Local Banks
Cause Details: Bank closed (suspended payments) following the run triggered by the Bank of Salmon's closing
Newspaper Excerpt: First State bank of Challis closed its doors in the face of run
Source: newspapers

Newspaper Articles (1)

1. May 26, 1932 The Idaho Statesman Boise, ID

Article from The Idaho Statesman, May 26, 1932

Click image to open full size in new tab

Article Text

BANKS AT SALMON CITY AND CHALLIS CLOSE CHALLIS, Idaho First State bank of Challis closed its doors in the face of run which started after closing of the bank and left Custer county without bank within its borders. The Bank of Salmon closed Monday and the run on the local bank started Tuesday morning Bank officers the closing necessitated to protect its depos-