5521. First National Bank (Terre Haute, IN)

View Charter #2742 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
47
Charter Number
2742
Start Date
December 28, 1905
Location
Terre Haute, Indiana (39.467, -87.414)

Metadata

Model
gpt-5-mini
Short Digest
902dcf86ecbf236c

Response Measures

None

Description

Articles indicate a national bank in Terre Haute closed its doors (listed in a 1906 compilation of business failures) and a Terre Haute bank was among those granted permission to reopen in March 1933. It is not fully certain the 1905/1906 closing entry refers specifically to the institution named 'First National Bank' (OCR and terse listing make identification ambiguous), and the 1933 item lists 'Terre Haute First Bank' in garbled text. I therefore mark bank_name_unsure=true but treat this as a suspension followed by reopening. No run is described in the texts.

Events (4)
1. August 3, 1863 Chartered
Source
historical_nic
2. June 29, 1882 Chartered
Source
historical_nic
3. December 28, 1905 Suspension
Cause Details
Terse listing in a 1906 business-failures compilation states a Terre Haute national bank 'closed doors'; no cause given in the excerpt.
Newspaper Excerpt
28-Terre Haute, Ind., national bank closed doors.
Source
newspapers
4. March 14, 1933 Reopening
Newspaper Excerpt
Among banks permitted to reopen were: ... Terre Haute First Bank. ... Licenses reopen were granted ... by Federal Reserve Bank of Chicago tonight that permission had been given for the reopening of banks in cities tomorrow the Seventh District.
Source
newspapers

Newspaper Articles (2)
1. January 6, 1906 The L'anse Sentinel L'anse, MI
Article from The L'anse Sentinel, January 6, 1906

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Article Text

Business Failures Jan. 3-First national bank of Faribault, Minn., closed: receiver appointed. 9-Brott cotton mills, Massachusetts, capital $1,200,000. 27-Standard Rope & Twine Co., N. Y., for $12,000.000. 29-Pan-American: bank. Chicago; assets $17,200, liabiNities $75,900. Mar. 5-Arnoid Brewing Co., Saulte St. Marie, Mich.; liabilities $85,000; assets $65,000. 7-Coe Co., Minneapolis; liabilities, $200.000. Apr. 3-Ladoga, Ind., bank; assets $80,000. liabilities $109.000. Lexing. 24-Canton, O., state bank closes ton, Okia., First national bank falls. 26-Barberton. O., First national bank Jun. 2-Ladysmith, Wis., First national bank closed. 19-Fyfe & Munson, Chicago, placed in recelver's hands, 23-Vicksburg, Mich., exchange bank. 26-Knight, Donnelly & Co., Chicago. 28-Terre Haute, Ind., national bank closed doors. Jul. 5-Spring Valley, Ill., and Toluca, III., national banks close. 6-Hagerstown, Ind., Commercial bank; liabilities, $125,000. 19-Spring Valley, O., bank closes. 20-City national bank. Kansas City, Mo. Aug 2-West Liberty, Ky., bank closes. 21-Western bank. Louisville, Ky.: due to overloans. Sep. 19-Minot, S. D., national bank closes dcors. Oct. 6-Peoria (III.) national bank closes because of Dougherty indictments. Nov. 1-Kingfisher (Okla.) national bank closed by comptroller of currency. Dec. 18-John R. Walsh's three banks In Ch eago. Chicago National, Home SavIngs and Equitable company in liquidation. Local clearing house guarantees payment of . $26,000,000. Public and private accounts Involved. 27-Merchants Trust company, American Savings bank and Mechanics Savings bank. Memphis, Tenn., close doors; first named in liquidation.

2. March 14, 1933 The Cincinnati Enquirer Cincinnati, OH
Article from The Cincinnati Enquirer, March 14, 1933

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Article Text

RELEASES ARE GRANTED To Banks In Indiana And Mich- igan Cities. Chicago, March Federal Reserve Bank of Chicago tonight that permission had been given for the reopening of banks in cities tomorrow the Seventh District. Licenses reopen were granted banks five Illinois cities, five three Indiana cities, seven three Iowa cities, seven in four Michigan cities and six in three Wisconsin Among banks permitted to reopen were: Indiana: Fort National Bank Trust National Bank, Merchants National Bank, Fletcher Trust Company. Terre Haute First Bank. Michigan: Battle National Bank Trust Co., City National Bank Trust Old Merchants National Bank Trust Savings Bank, United Savings Kent Bank. National Bank Trust Co.