Parma National Bank (Parma, ID)

View Charter #11556 on SPMC View balance sheet

Episode Information

Episode UID
1155601593
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
115560 national
Charter Number
11556
Start Date
September 1, 1932
Location
Parma, Idaho (43.785, -116.943)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
db57e23ab933b521

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
73.1%
Date receivership started
1932-09-12
Date receivership terminated
1937-06-18
Share of assets assessed as good
40.7%
Share of assets assessed as doubtful
52.4%
Share of assets assessed as worthless
6.9%

Description

Closure followed a heavy run triggered by the closing of the Crawford-Moore chain of banks.

Events (5)
1. December 22, 1919 Chartered
Source
historical_nic
2. September 1, 1932 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the closing of the Crawford-Moore chain of banks
Newspaper Excerpt
The Parma National bank closed Thursday morning after heavy run by depositors following the closing of the Crawford Moore chain
Source
newspapers
3. September 1, 1932 Suspension
Cause
Local Banks
Cause Details
Bank closed after heavy run tied to failures in the local banking chain (Crawford-Moore)
Newspaper Excerpt
Two banks in the Boise valley closed today, the Parma National Bank and the Eagle State Bank.
Source
newspapers
4. September 12, 1932 Receivership
Source
historical_nic
5. September 12, 1932 Receivership
Newspaper Excerpt
J. L. Eckerson ... resigned as receiver for the Boise City National bank and the Parma National bank.
Source
newspapers

Newspaper Articles (4)
1. September 1, 1932 Baker City Herald Baker City, OR

Article Text

Two Banks in Boise Valley Closed Today BOISE Idaho. Sept. Two banks in the Boise valley closed today. the Parma National bany and the Eagle state bank. The First National bank at Parma remined open nd the cashier reported only a slight run. The Eagle State bank was cap italized at and had deposits of $117,000 on the June 30 bank The Parma National bank was capitalized at $25,000 and had $10.000 surplus. The amount of deposits could not be learned here. Ten banks in western Idaho and eastern Oregon. headed by the First National bank of Idaho at Boise, closed yesterday

2. September 1, 1932 Reno Gazette-Journal Reno, NV

Article Text

BOISE, Sept. 1.—(AP)—Two banks in the Boise valley closed today, the Parma National Bank and the Eagle State Bank. The First National Bank of Parma remained open and the cashier reported only a slight run. The Eagle State Bank was capitalized at $25,000 and had deposits of $117,000 on the June 30 bank call. The Parma National Bank was capitalized at $25,000 and had $10,000 surplus. The amount of deposits was not disclosed.

3. September 2, 1932 The Times-News Twin Falls, ID

Article Text

Banks at Eagle and Parma Close Doors BOISE. (UP) The Parma National bank closed Thursday morning after heavy run by depositors following the closing of the Crawford Moore chain This leaves only one bank in Parma. the First National. which 18 reported to be in strong enough position to withstand any possible The Eagle State bank also closed Thursday It had deposits of $117.000 at the time of its last published statement.

4. August 8, 1935 The Idaho Statesman Boise, ID

Article Text

Eckerson Submits His Resignation As Bank Receiver J. L. Eckerson of the insolvent banks division of the United States treasury department announced Wednesday he had resigned as receiver for the Boise City National bank and the Parma National bank. Eckerson said his duties will be taken over next Monday morning by Ross Madden of Caldwell, who has been associated with the administration of the Regional Agricultural Credit corporation's affairs here. No reason was given for the change. Eckerson said Wednesday he has not yet received a new assignment from Washington. During his term of receivership, Eckerson said, collections totaling one million 600 thousand dollars were made. Dividends totaling 53 1-3 per cent have been paid to depositors in the three years since the bank closed its doors, he said.