First National Bank (Lordsburg, NM)

Episode Information

Episode UID
888001599
Episode Type
Suspension β†’ Reopening
Bank Type
national
Bank ID
88800 national
Charter Number
8880
Start Date
March 6, 1933
Location
Lordsburg, New Mexico (32.350, -108.709)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aadf1836e2b3c431

Response Measures

None

Description

New Mexico-wide banking holiday (March 1933) caused temporary closures; exact suspension date inferred from federal holiday.

Events (3)

1. September 20, 1907 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Temporary closure as part of the nationwide/state banking holiday ordered in early March 1933
Newspaper Excerpt
resumed business today without restrictions other than those placed by President Roosevelt on hoarding
Source
newspapers
3. March 18, 1933 Reopening
Newspaper Excerpt
The First National bank of Lordsburg resumed business Saturday. The First National Bank of Lordsburg opened Saturday morning, under authority of a license received Friday afternoon.
Source
newspapers

Newspaper Articles (4)

Article Text

New Mexico Banks Active 42 Of State's 48 Reopen For Normal Business; Deposits Exceeded Withdrawals. Albuquerque, March 15 (AP). -At least 42 of New Mexico's banking institutions, both national and state, resumed business today without restrictions other than those placed by President Roosevelt on hoarding. Up to noon 20 of the 22 state banks were open under orders from Jon Bingham and 22 the 26 national banks were doing business under permit from the secretary of the treasury. The banks, reported closed, were as follows: First National bank, A1buquerque; First National bank, Gallup; First National bank, Las Cruces: First National bank, Lordsburg: Merchants State bank. Gallup, and the First Savings Trust company, Albuquerque. The two state banks awaited opening of the national banks in Albuquerque and Gallup before they resumed business. Deposits Exceed Withdrawals. Reports from over the state indicated the public was more interested placing deposits in the banks than withdrawing money most cases deposits exceeded the withdrawals. Word came from Washington that Senator Bratton took with the treasury the banking situation affects New Mexico and the banks there not licensed by the treasury reopen. The senator explained the state's banking institutions somewhat in doubt as to some of the treasury's actions and he sought an planation so that he could advise them. rapidly as the information is supplied, Bratton said, it is being sent interested persons in New Mexico, with the explanation most of it is confidential matter.


Article Text

FOUR N. M. BANKS STILL UNDER HOLIDAY Albuquerque Institutions Open On Treasury Order By Associated Press ALBUQUERQUE, N. M., March 20β€”With the opening of two banks in Albuquerque today, New Mexico had but four banks left out of its 48 awaiting authority to resume business. The First National Bank of Albuquerque received word Saturday night from the treasury department authorizing it to resume business today. With that came authority from the state bank examiner to open the First Savings & Trust Co., a state bank and affiliate of the First National bank. The First National bank of Lordsburg resumed business Saturday. Three national or federal reserve member banks now await orders from Washington and one state bank awaits instructions from John Bingham state bank examiner. The national banks still closed are: The First National bank of Las Cruces, First National bank of Gallup, and First National bank of Artesia. The state bank is the Merchants' State bank of Gallup.


Article Text

The First National bank of Lordsburg resumed business Saturday. Three national or federal reserve member banks now await orders from Washington and one state bank awaits instructions from John Bingham state bank examiner. The national banks still closed are: The First National bank of Las Cruces, First National bank of Gallup, and First National bank of Artesia. The state bank is the Merchants' State bank of Gallup.


Article Text

ALL BUT FOUR BANKS IN THE STATE ARE NOW OPENED The First National Banks at Gallup, Artesia and Las Cruces and state bank at Gallup are the only ones in the state not reopened since the holiday Announcement of their reopening is expected daily. The state bank in Gallup is only awaiting the reopening of the nation n) bank there. The First National Bank of Lordsburg opened Saturday morning, under authority of a license received Friday afternoon.