First National Bank - Damariscotta, ME

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 446
Charter Number: 446
Start Date: March 1, 1933*
Location: Damariscotta, Maine (44.033, -69.519)

Metadata

Model: gpt-5-mini
Short Digest: c0d2158e

Response Measures

None

Description

Article (Mar 22, 1933) reports the Comptroller authorized reopening of the First National (Newcastle) bank of Damariscotta. It implies the bank had been closed under the recent banking suspensions/holiday; no run is mentioned. I inferred a prior suspension by government action (bank holiday) even though the article only explicitly states the reopening authorization.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed as part of the statewide/national banking suspensions/bank holiday preceding March 22, 1933.
Newspaper Excerpt: attempt to have Maine banks re-opened ... authorized the reopening of the First NaLional Newcastle bank of Damariscotta, Maine.
Source: newspapers

2. March 22, 1933 Reopening

Newspaper Excerpt: The Comptroller of the Currency today notified Representative Moran ... he had authorized the reopening of the First NaLional Newcastle bank of Damariscotta, Maine.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1933 Sun-Journal Lewiston, ME

Article from Sun-Journal, March 22, 1933

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Article Text

BRANN RENEWS CONFERENCES WITH WOODIN Says Progress Being Made in Attempt to Have Maine Banks Re-Opened TWO MORE OPEN TODAY Moran Says Occasion Calls for No Concern; Time Needed to Make Examinations The Comptroller of the Currency today notified Representative Moran, (D., Me.) he had authorized the reopening of the First NaLional Newcastle bank of Damariscotta, Maine. Governor Brann of Maine, renewed efforts today to bring back normal functioning of the banks in his State thru additional conferences with treasury officials Only minutes before he had planned return to Augusta last night, the Governor decided to main another day present further about Maine sitto Secretary Woodin and his He declined to comment on the Continued on Page 10 Column 4