First National Bank (Butte, NE)

View Charter #9623 on SPMC View balance sheet

Episode Information

Episode UID
962301599
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
96230 national
Charter Number
9623
Start Date
March 4, 1933
Location
Butte, Nebraska

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1ceb8d645b9d3ff1

Response Measures

None

Description

The bank was affected by the March 1933 banking holiday and reopened without restrictions shortly thereafter.

Events (4)
1. January 3, 1910 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
State-wide banking holiday declared by Governor Bryan, followed by the federal banking holiday.
Newspaper Excerpt
Governor Charles W. Bryan... on March 4 ordered a Nebraska banking holiday to protect the state's financial institutions
Source
newspapers
3. March 20, 1933 Reopening
Newspaper Excerpt
The First National bank of Butte, only national chartered institution the county, was licensed to operate without restrictions
Source
newspapers
4. December 1, 1943 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. March 23, 1933 The Spencer Advocate Spencer, NE
Article from The Spencer Advocate, March 23, 1933

Click image to open full size in new tab

Article Text

Banking Returning to Boyd County State Bank Temporarily Under 10% Restriction The county returned nearly to normal after the bank holiday ended and its effects subsided this week. The Boyd County State Bank of Anoka temporarily under restriction withdrawals, which limited to The bank had its choice of several plans for immediate reopening and chose protect its depositors by preventing any possible run on the bank after reopening. The state banking department may raise the restriction, change any time. The Spencer State bank and the Nebraska State bank Bristow, had already reorganized, freezing their old deposits, that further restrictions this time were necessary. The First National bank of Butte, only national chartered institution the county, was licensed to operate without restrictions, except for the withdrawal of gold or for hoarding purposes. Gold continues to return to the banks, in both coin and currency. The Boyd County bank reportamusing incident respect to turning women, unknown Anoka, returned gold certificates the amount $400, receiving other currency for They were careful divulge their identities even show their license plates in front the bank. Apparently they did not propose to deposit invest the currency they had obtained.

2. March 30, 1933 The Banner-Press David City, NE
Article from The Banner-Press, March 30, 1933

Click image to open full size in new tab

Article Text

Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt