3993. Parma National Bank (Parma, ID)

View Charter #11556 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
11556
Charter Number
11556
Start Date
September 1, 1932
Location
Parma, Idaho (43.785, -116.943)

Metadata

Model
gpt-5-mini
Short Digest
b399ca87

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
73.1%
Date receivership started
1932-09-12
Date receivership terminated
1937-06-18
Share of assets assessed as good
40.7%
Share of assets assessed as doubtful
52.4%
Share of assets assessed as worthless
6.9%

Description

Articles (dated Sept 1–2, 1932) report a heavy run on depositors and that the Parma National Bank closed Thursday morning after the run following the closing of the Crawford & Moore chain. No reopening is mentioned; classified as run leading to suspension and closure. Cause attributed to runs triggered by failures of other local banks (Crawford & Moore chain).

Events (4)
1. December 22, 1919 Chartered
Source
historical_nic
2. September 1, 1932 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the recent closing of the Crawford & Moore bank chain in the region
Newspaper Excerpt
The Parma National bank closed Thursday morning after heavy run by depositors following the closing of the Crawford Moore chain
Source
newspapers
3. September 1, 1932 Suspension
Cause
Local Banks
Cause Details
Bank suspended/closed following heavy run caused by fallout from the Crawford & Moore chain closures
Newspaper Excerpt
The Parma National bank closed Thursday morning after heavy run by depositors
Source
newspapers
4. September 12, 1932 Receivership
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 The Times-News Twin Falls, ID
Article from The Times-News, September 2, 1932

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Article Text

Banks at Eagle and Parma Close Doors BOISE. (UP) The Parma National bank closed Thursday morning after heavy run by depositors following the closing of the Crawford Moore chain This leaves only one bank in Parma. the First National. which 18 reported to be in strong enough position to withstand any possible The Eagle State bank also closed Thursday It had deposits of $117.000 at the time of its last published statement.