First National Bank (Catawissa, PA)

View Charter #4548 on SPMC View balance sheet

Episode Information

Episode UID
454801599
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
45480 national
Charter Number
4548
Start Date
March 4, 1933
Location
Catawissa, Pennsylvania

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2302651f43be2dbe

Response Measures

None

Events (3)
1. April 10, 1891 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Statewide bank holiday declared by Governor Gifford Pinchot; banks directed to remain closed (March 4 and March 6, 1933).
Newspaper Excerpt
I hereby declare a bank holiday throughout Pennsylvania on Saturday, March 4, 1933
Source
newspapers
3. March 15, 1933 Reopening
Newspaper Excerpt
CATAWISSA-First National Bank ... reopened yesterday.
Source
newspapers

Newspaper Articles (4)
1. August 17, 1893 The Sun New York, NY
Article from The Sun, August 17, 1893

Click image to open full size in new tab

Article Text

Suspended Banks Reopen Their Doors. KANSAS CITY. Aug. 16. - The Armourdale Bank at Armourdale. which suspended business in the financial crash in the two Kansas cities one month ago yesterday. has reopened its doors and resumed business. FORT SCOTT, Kan., Aug. 16-The First National Bank of this city. which suspended on July 18, resumed business this morning. Bank Examiner Latimer of Sedalia. who has been in charge since it closed. has issued a notice to depositors saying that the institution is in good financial condition. WASHINGTON. Aug. 16.-The First National Bank of Rico, Col., which suspended payment June 30. 1893. having complied with the conditions imposed by the Comptroller of the Currency. and its capital stock being unimpaired. has been permitted to-day to reopen its doors for business. CLEVELAND. Aug. 16.-The Cardington Banking Company. at Cardington. O., closed its doors this afternoon. Theassets approximate $100. 000 and are said to be sufficient to meet the demands of the creditors. The President of the bank. Major W. G. Beatty. was obliged to make an assignment. and the bank could not weather the trouble brought on by his embarrassment. CARROLLTON. Pa.. Aug. 16.-The banks of Johnston. Bucks county. at Ebensburg. Carrollton. and Hastings. which suspended payments until they could get more money. will open again on Monday morning.

2. March 4, 1933 Evening Star Washington, DC
Article from Evening Star, March 4, 1933

Click image to open full size in new tab

Article Text

# EARLY U. S. ACTION # PLANNED ON BANKS New York and Illinois Declare Holidays-Only Four States Unrestricted. (Continued From First Page.) Connecticut took similar action, bring- ing to 43 the list of States in which restrictions on withdrawals are opera- tive in some form or another. Only Montana, Colorado, North Da- kota and South Carolina remained without restrictions at noon today. Delaware's banks were open, but the State Legislature has already taken emergency action. These developments had brought from Representative Rainey, the next Speaker of the House, the prediction that "an extra session of Congress will be called at the earliest possible time." He said he felt that early next week, possibly Tuesday, would not be too soon. Pre- viously Rainey had told House mem- bers-elect to remain in Washington. Others at the Capitol said the session probably would begin Wednesday. The Federal Reserve Bank of New York was closed with all other bank- ing institutions of that State. The Federal Reserve Bank at Philadelphia also closed, under a holiday declared throughout Pennsylvania by Gov. Pin- chot. Later in the day the Minne- apolis Federal Reserve Bank suspended business. The closing of the New York Federal Reserve Bank meant the tying up of its huge gold reserve for the period of the holiday against withdrawal by either domestic or foreign agencies. In discussing the banking relief pro- gram, Senator Robinson said: "We do not know just when it will be completed, but it will be expedited all possible. The details can not be announced right now but you may be assured there will be no delay." Wagner Plans Action, Previously Senator Wagner, Demo- crat, of New York, had told newspaper men he would carry immediately to Democratic leaders an appeal for imme- diate emergency banking moves. In- formed at his hotel here of banking moratoria in New York and Illinois. Wagner said he would appeal this morn- ing to Democratic leaders to begin working out a program and some time this afternoon would call on Mr. Roose- velt with the same objective. A bank holiday, he said, "is the only thing to do" to meet the emergency of the banks themselves, but he added quick steps are necessary to enable them to reopen and continue opera- tions. Harvey Couch, Democratic member of the Reconstruction Finance CorpoΠ³Π°- tion, was the first White House caller this morning. He said after a brief conference with President Hoover he had discussed "matters incident to the banking situation," but declined to give details. Couch conferred last night with President-elect Roosevelt. Officials in Conferences. High officials both of the outgoing Republican and incoming Democratic administrations were in conference most of the night. Secretary of the Treasury Mills said afterward the Hoover administration would have no statement, but that governors of the Federal Reserve banks in Chicago and New York would have announcements. Demands Impossible. The hours between midnight and dawn saw banking officials in many States struggling with the problem, made acute by the flurrying of nervous- ness on the part of depositors. As a statement by the New York Clearing House Committee put it: "The unthinking attempt of the pub- lic to convert over $40,000,000,000 of deposits into currency at one time is, on its face, impossible." The statement added that the condi- tion clearing house banks is such that "they could, through the facilities of the Federal Reserve Bank, pay on de- mand every dollar of their deposits," but that withdrawals throughout the country as a whole have increased so that a "halt" is necessary "to enable the proper authorities to consider and adopt remedies to meet this situation, not for New York primarily, but for the Nation as a whole." Only a few States remained today in which restrictions on withdrawals had not been invoked. No Holiday in Virginla. In Virginia, Gov. Pollard said no general banking holidays would be de- clared because the State's laws already protect the banks and their depositors. In Maryland, the General Assembly early today approved the emergency banking legislation without a dissenting vote in either House. Gov. Ritchie signed it this morning, but said that the banking institutions of the State will not reopen Monday. The resources of the Reconstruction Finance Corporation earlier had been made available to hard-pressed, but solvent banks in States that have imposed moratoria on withdrawals. This was one of a number of de- velopments yesterday that included introduction of legislation to allow postal savings checking accounts and to confer upon the incoming admin- istration sweeping authority to main- tain the security of deposits. Reconstruction Corporation officials said their policy called for lending in- stitutions if the loans were well secured enough money to pay the percentage of deposits that could be withdrawn, provided the banks did not have the funds immediately available. It was emphasized this was not a new departure, but was simply the ap- plication of regulations decided upon for individual instances in the past to a situation spread into a number of States. Pinchot's Statement. Gov. Pinchot of Pennsylvania here for the inauguration issued the follow- ing statement: "Because of the declaration of a bank holiday in New York, Illinois and most of the other States, similar action in Pennsylvania has become unavoidable. "Were our banks to remain open, the demands upon them would impose an impossible burden. "Therefore, upon specific recom- mendation of Gov. Norris of the Phila- delphia Federal Reserve Bank, I hereby declare a bank holiday throughout Pennsylvania on Saturady, March 4, 1933, and Monday, March 6, 1933." Exchange Statement. A statement issued by the Govern- ing Committee of the New York Stock Exchange said: "The Governing Committee at a meeting held this morning in order to give full effect to the banking holiday declared by the Governor of the State of New York directed: "First, that the exchange be closed during such holiday: "Second, that members and firms registered on the exchange be pro- hibited from making any contracts for the purchase or sale or the borrowing or lending of any securities, and also from permitting their offices or facili- ties to be used for the purpose of mak- ing or carrying out any such contracts; "Third, that all deliveries be suspend- ed on all member contracts, except on such contracts as may be cleared by or settled through the Stock Clearing Corporation, and that in such cases deliveries shall be made as the Stock Clearing Corporation shall direct

3. March 4, 1933 The Daily Courier Connellsville, PA
Article from The Daily Courier, March 4, 1933

Click image to open full size in new tab

Article Text

GOVERNOR ORDERS TWO-DAY HOLIDAY FOR STATE BANKS By International Nows Service. PHILADELPHIA, March 4.-Governor Gifford Pinchot. from his temporary residence at Washington, D. C., today proclaimed mandatory twoday hollday for all Pennsylvania banks. The proclamation issued at 8:30 this morning through Dr. William D. Gordon, State Secretary of Banking, directs all banks in the Commonwealth to remain closed Saturday and Monday. George W. Norris, governor of the Federal Reserve Bank in Philadelphia at whose behest leading Philadelphia financiers assembled in the early Lours the morning to consider decisive action, said the step was made necessary by the growing list state bank holidays. Although it was believed Penneylvania banks could have remained open under the emergency legislation passed by the Legislature last Monday, of holidays by the governors of New York and Illinois and several other states early today precipitated the crisis, Norris explained. "Because of the declaration of bank holiday in New York, Illinois and other states similar action in Pennsylvania has become unavoidable," the Governor declared in his "Were our banks to remain open the demands on them would impose an impossible burden." "Therefore, on the specific recommendation of Governor George W. Norris of the Philadelphia Reserve Bank, hereby declare bank hollday throughout for Saturday, March 5, and Monday, March 6," the proclamation concluded.

4. March 16, 1933 The Philadelphia Inquirer Philadelphia, PA
Article from The Philadelphia Inquirer, March 16, 1933

Click image to open full size in new tab

Article Text

Banks Which Were Reopened in Pennsylvania Yesterday following banks in PennsylTHE members the PhiladelReserve Bank, received their phia licenses Governor George Norris and reopened yesterday. and The not list momentarily supplemented expected from Washington. National Bank National Bank National Bank National Bank. ASHLEY-First National Bank. ATGLEN-Atglen National Bank. National National Bank Bank National Bank National Bank National Bank National National BEAVER CREEK-Beech Creek National BEECH National Bank. Bank National Bank National County National National Bank. Columbia Trust National Bank National BLUE Bank. BLUE RIDGE SUMMIT-First National National Bank BOYERTOWN-National Bank Boy. National Bank. BRADFORD National BRIDGEPORT Bridgeport National National Bank of National BRYN MAWR-Bryn Mawr National National Bank. National Bank Bank Bank of CATAWISSA-First Bank National Bank. CENTRALIA-First National National Bank CHAMBERSBURG Valley National Bank of National Bank COALDALE-First National COALPORT-First National National COATESVILLE-National of Ches. National COLUMBIA-First Columbia National National Bank CONSHOHOCKEN First National National CONYNGHAM National National Bank. National Bank. CRESSONA-First National Bank Nation National Bank DALLASTOWN-First National Bank National County Trust Co. National National Bank DAUPHIN-Dauphin National DENVER-Denver National Bank. DOYLESTOWN-National Bank Trust DRY RUN-Path Valley National Bank DUBLIN-Dublin National Bank DUNCANNON National National Bank. DUNMORE-First National Bank DUSHORE-First Bank. Na. EAST CHUNK-Citizens Na. Petersburg SMITHFIELD-First National National EAST County National National Bank. National Bank ELDRED-First Bank ELIZABETHTOWN First National Bank ELKINS PARK-Elkins Park National National Bank. National Bank. National National Bank. National National Bank. FAIRFIELD-First National Bank Nation FOGELSVILLE Fogelaville National First National Bank Bank Trust Co. National GETTYSBURG Gettysburg National National Bank National GREENCASTLE Citizens National National Bank. National Bank National National National Bank. National National HIGHLAND PARK-State Road Nation National County Savings HONESDALE Honesdale National HONEY BROOK-First Bank National Trust Co. National Bank National Bank tional Bank. Trust National Bank National Bank. National Bank. Bank and JERMYN-First National National National Bank. KENNETT Square National Bank and Trust National Bank and Trust National Bank National Bank Wyoming County. LANDISVILLE Landisville National National Bank LANSDALE-First Bank Bank of National Bank LAPORTE-First LAWRENCEVILLE First National National Bank. LEHIGHTON-First National National Bank Trust National Bank Trust Shore National Bank National National Bank LEWISBURG Lewisburg National National Bank Trust National Bank LEWISTOWN-Mifdin County National National Bank National Bank. National Bank Bank. LITTLESTOWN National National Bank. LOCK National Bank HAVEN-Lock Haven Trust Co. National Bank National MAHANOY CITY Union National MANHEIM-Keystone National National Bank MAPLETON DEPOT First National MARCUS HOOK-Marcus Hook Na. National Bank National Bank National Bank. MAUCH Chunk Nation. National National Bank McCONNELLSBURG First National McVeytown National MECHANICSBURG Second National National Bank National Bank. MESHOPPEN-First National Bank. National Bank Citizens Bank and Trust National Bank Bank. Valley Na. National Bank MILTON-First National Bank. National National Bank. National Bank National Bank. National Bank MINERSVILLE-Union National Bank National Citizens National MONTOURSVILLE First National Farmers Nation National Bank. MOUNT JEWETT-Mount Jewett Na. tional Bank MOUNT National Mount MOUNT JOY-First National Bank & MOUNT UNION Central National Bank. MOUNT UNION-First National Bank. Trust Co. MYERSTOWN Myerstown National National Bank. Bank. NANTICOKE Nanticoke National. National Bank. Second National Bank National Bank National Bank National Bank. NEW Bank BLOOMFIELD-First National NEW Cumberland National NEWFOUNDLAND First National Bank NEW HOLLAND Farmers National Trust NEW HOPE-Solebury National Bank. MILFORD-Grange National Bank Eusquehanna County. NEW OXFORD-Farmers Merchants National Bank. CitiNational NEWTOWN-First National Bank & Trust NEW TRIPOLI-New Tripoli National NEWVILLE National Bank Farmers Bank. National Bank. Cement National NORTHUMBERLAND NORTH WALES-North Wales National Bank NUMIDIA-Valley National Tank National Bank. National Farmers' National Bank OSCEOLA MILLS-First National Bank National Bank. Bank of PEN ARGYLE-Pen Argyle National Bank First National Bank. National Bank National Bank National Bank Mechanics National PINE GROVE-National Bank Trust PORT ALLEGANY-First National National Bank ROYAL-Port National National National Bank National Bank Potts. PROSPECT PARK-Interboro Bank & Trust Co. Merchants National Bank Quaker. National Farmers' National National Bank REBERSBURG Rebersburg National RED Merchants Na. tional Bank. National Bank Reedsville National National Bank. RIDGWAY-Elk County National Bank Bank. RIDLEY PARK-Ridley Park National First Na. tional First National Bank. ROARING SPRINGS-Roaring Springs National Bank, Bank of Roy. and Mechanics Na. National Bank SAXTON-Saxton First National Bank. Schickshinny First National State Bank. SCHUYLKILL HAVEN Schuylkill First Bank Trust Haven HAVEN Schuylkill SCHUYLKILL Trust Co. First tional SELINSGROVE Farmers National Banking and Merchants National Bank Miners Na. National First National Peoples First SLATINGTON Slatington National Bank. Citizens' National National Bank Peoples Na. Union NationSOUTH FORK-South Fork First Na SPRING City National SPRING Mills First National First Na STATE College First Bank Trust Co. PeoNational National Bank MICHAELS-St. Michaels National First Nation STROUDSBURG First Stroudsburg National National First National Bank. City Na. National Trust First Nation. Peoples' Trust Tamaqua First National Bank. Bank. National Bank. TEMPLE-Temple State THOMPSONTOWN Farmers' National Bank THREE Springs First National National Bank. Bank. Towanda First National Bank National First National First National Bank National Bank Wyoming NaNational ULSTER-First National Bank of U1. ULYSSES-Granse National Bank of National Watsontown National Trust National Bank Trust National Bank. Nation WEST Bank of Trust WEST CHESTER-West Chester First National and Traders' WEST GROVE-West Grove National National Bank Farmers' Merchants' National Bank. National Bank. WYALUSING-National Bank Wya. WYOMING-First National Bank. Trust YORK SPRINGS-First National Bank.