Articles (dated Sept 1–2, 1932) report a heavy run on depositors and that the Parma National Bank closed Thursday morning after the run following the closing of the Crawford & Moore chain. No reopening is mentioned; classified as run leading to suspension and closure. Cause attributed to runs triggered by failures of other local banks (Crawford & Moore chain).
Events (4)
1.December 22, 1919Chartered
Source
historical_nic
2.September 1, 1932Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the recent closing of the Crawford & Moore bank chain in the region
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, 1932Suspension
Cause
Local Banks
Cause Details
Bank suspended/closed following heavy run caused by fallout from the Crawford & Moore chain closures
Newspaper Excerpt
The Parma National bank closed Thursday morning after heavy run by depositors
Source
newspapers
4.September 12, 1932Receivership
Source
historical_nic
Newspaper Articles (2)
1.September 1, 1932Baker City HeraldBaker City, OR
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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 2, 1932The Times-NewsTwin Falls, ID
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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.
