First National Bank

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: b5d8249c

Response Measures

Accommodated withdrawals

Description

Articles (dated Sept 1-2, 1932) report that the First National Bank at Parma 'remained open' and the cashier reported 'only a slight run.' OCR text also mentions a 'Parma National bank' closed — likely a different institution or OCR confusion. The run appears minor and the bank did not suspend.

Events (3)

1. October 31, 1919 Chartered

Source: historical_nic

2. September 1, 1932 Run

Cause: Local Banks
Cause Details: Run prompted by closures/distress of other banks in the Boise valley (ten banks closed in region the day before), producing nervousness among depositors.
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.