Citizens National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 13356
Charter Number: 13356
Start Date: March 20, 1933
Location: Colton, California (34.074, -117.314)

Metadata

Model: gpt-5-mini
Short Digest: 7d82c678

Response Measures

None

Description

Article (The San Bernardino County Sun, 1933-03-20) reports Citizens National Bank of Colton received authority to accept new accounts starting that day. The text implies the bank had been unable to accept new deposits (i.e., was suspended or restricted) and is now being allowed to resume normal deposit-taking. The article does not mention any depositor run. The cause of the prior suspension is not explicitly stated; federal authorities (Federal Reserve Board and Treasury) are cited as having advised/authorized resumption, so I classify the suspension cause as government_action. Dates for the suspension are not provided in the article.

Events (4)

1. July 23, 1929 Chartered

Source: historical_nic

2. March 20, 1933 Reopening

Newspaper Excerpt: the Citizens' National bank of Colton yesterday announced receipt of authority accept new accounts, starting today.
Source: newspapers

3. March 16, 1939 Voluntary Liquidation

Source: historical_nic

4. * Suspension

Cause: Government Action
Cause Details: Bank had been restricted from accepting new deposits; authority to resume was granted by Federal Reserve Board and Treasury (suspension/restriction imposed or overseen by authorities).
Newspaper Excerpt: These new deposits will be maintained in an absolutely liquid either cash by deposit in the Federal Reserve bank. first order does not affect the old deposits, which, ing the remain and are not subject to check.
Source: newspapers

Newspaper Articles (1)

1. March 20, 1933 The San Bernardino County Sun San Bernardino, CA

Article from The San Bernardino County Sun, March 20, 1933

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Article Text

Colton to Accept Deposits Starting Today Reporting progress in the steps toward complete ManaGarrette the Citizens' National bank of Colton yesterday announced receipt of authority accept new accounts, starting today. The scope business will be the same that which been authorized for the First National bank of Rialto, explained. Federal Reserve board and the treasury department strongly advised that accept deposits aid our customers clearing their checks and resumtheir banking facilities," said Garrett. "These new deposits will be maintained in an absolutely liquid either cash by deposit in the Federal Reserve bank. first order does not affect the old deposits, which, ing the remain and are not subject to check.'