First National Bank - New Castle, IN

Episode Information

Episode Type: Suspension → Closure
Start Date: March 1, 1933*
Location: New Castle, Indiana (39.929, -85.370)
Bank Type: national
Charter Number: 804

Metadata

Episode ID
Bank ID
City ID: 180440031

Model: gpt-5-mini
Short Digest

Notes

OCR errors in text (e.g., 'Newcastle' spelled variably); article says old national banks were closed under the moratorium and a new national bank is being organized to replace it.

Events (2)

1. February 14, 1865 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed under the 1933 moratorium/banking holiday and being replaced by a newly organized national bank
Newspaper Excerpt: the plan being used in organizing banks taking the place national banks closed under the moratorium order
Source: newspapers

Newspaper Articles (1)

1. June 29, 1933 The Star Press Muncie, IN

Article Text

STOCK IN BANK IS BEING SOLD

New Institution Started at Newcastle.

Newcastle, Ind., June of the accounts in the Farmand First National Bank, of Newcastle, rapidly for stock in the new national bank being organized. More than required has been subscribed time. No solicitation has been made, all persons taking stock doing Many depositors have subscribed for the per cent stock. The plan organizing the national bank known the Spokane plan, and the plan being used in organizing banks taking the place national banks closed under the moratorium order. The new ganization the depositors the *bank, the stockholders get cent until depositors paid in full. Persons may take out stock in the who desitors nor the old bank. Many such persons already subscribed for stock. Six Injured in Collisions.

Two automobiles collided at the tersection state road 38 and the ground road, mile Newcastle, last night. Lloyd Diehl, North Ninth street, and Lawrence Beall, South Seventeenth street, drivers of the cars, were state road and the route crash the Beall started turn north into the fair ground The Diehl car crashed into the Beall into ditch, striking cement Harold Moppin, Fred Englehart and Roy Lamb, riding with Diehl, were and bruised. Lamb also suffered fractured foot. Mrs. Beall, Miss Atha Smith, Mrs. Herschel Heffsmall were in the other Mrs. Heffner cut, the boy receiving about head and face. Mrs. Beall's back the wrenched. They were removed to the Newcastle Clinic for treatment, were later taken to their homes. Shirley Plants Build Additions. factories at Shirley have ap$10,000 in the last year. season is this year. warehouse, office and dining room have been added to the Shirley Canning factory and new scales have been built and installed About 300 women and and 75 men Four expected fifty acres tomatoes hundrey contracted by the company, been