Ontario National Bank (Ontario, OR)

View Charter #9348 on SPMC View balance sheet

Episode Information

Episode UID
934801592
Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
93480 national
Charter Number
9348
Start Date
August 31, 1932
Location
Ontario, Oregon (44.027, -116.963)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e90f4f5ffbc630b3

Response Measures

None

Events (4)
1. February 17, 1909 Chartered
Source
historical_nic
2. August 31, 1932 Suspension
Cause
Local Banks
Cause Details
Part of the First National Bank of Idaho system which suspended/closed Aug. 31, causing subsidiary banks including Ontario National Bank to cease operations.
Newspaper Excerpt
The First National Bank of Idaho and nine subsidiary banks in Central and Western Idaho and Eastern Oregon closed Aug. 31 ... Ontario National Bank, Ontario, Oregon, $956,433.
Source
newspapers
3. November 1, 1932 Reopening
Newspaper Excerpt
More than 98 per cent of waivers on deposits of $200 or more had been secured when the Ontario National bank reopened its doors Monday ... the resumed banking after a 60-day pause.
Source
newspapers
4. September 18, 1935 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. September 30, 1932 The Producers News Plentywood, MT
Article from The Producers News, September 30, 1932

Click image to open full size in new tab

Article Text

LARGEST BANK IN IDAHO, 9 BRANCHES GOES BANKRUPTED The First National Bank of Idaho and nine subsidiary banks in Central and Western Idaho and Eastern Oregon closed Aug. 31, and were turned over to National and State Bank officials. The total resources of the banks were $12,753,063 on the date of the last call, June 30. The First National Bank of Ida: ho was the largest single institution of its kind in the state. It was the second bank to suspend business in Boise within a month, the City National Bank having having failed to open Aug. 1. The First Security Bank of Boise is the only bank remaining in the city. The banks closed under the First National system, with their resources follow: First National Bank of Idaho, Rupert State Bank, $429,014. Buhl State Bank, $613,293. Meridian State Bank, $176,108. Nampa State Bank, $753,377. Bank of Emmett, $364,165. Weiser State Bank, $856,883. Ontario National Bank, Ontario, Oregon, $956,433. Vale National Bank, Vale, Oreg. $280,656.

2. November 1, 1932 The Idaho Statesman Boise, ID

Article Text

FIRST NATIONAL DEPOSITS GAIN Nine Banks Re-open With Light Withdrawals: New Accounts Numerous (Continued from Page One) mer and new depositors, according to I. M. McCarthy, cashier. Patrons went their business as formerly, and at no there any display of any feeling except confidence and good will. Reopening of the bank here puts ack into nearly half million dollars in cash and credit, bringing much needed relief to hundreds in this vicinity, officials said. ONTARIO OPTIMISTIC ONTARIO (Special)- More than 98 per cent of waivers on deposits of $200 or more had been secured when the Ontario National bank reopened its doors Monday. Depositors with accounts less than $200 apparently were to leave them. there were few withdrawals. Occasional calls for funds were more than offset by the opening of new accounts. Bank officers said that deposits more than doubled as the greeted with enthusiasm the sumption of banking after a 60-day pause. Many business houses flew flags as an expression of optimism, and business men an increase in buying activity. WEISER NOTES REACTION (Special to The Statesman) WEISER-An air of optimism swept through Weiser Monday the Weiser State bank, member of the First National Bank of Idaho group, reopened for business. A1though crowd was in the bank most of the day, there was no appreciable of withdrawals. Officials said number of new accounts were started and deposits came in steadily on former accounts. Several merchants declared that business was brisker than It had been for months, an immediate reaction to the opening of the bank having set in before the day was well under way. claims aggregating $1500 against the defunct Twin Falls National bank. Argument on an action brought by district No. 54 asking preferred status for warrant of $290 was heard by Judge C. C. Cavanah. Attorneys 15 days to file additional briefs. The case of district No. 54 has combined with similar suits from six other districts which, it is alleged. had funds in the bank when it closed last The bank receiver, according to the complaint, acknow ledged the claim against the bank but denied preferred status because, he said, the bank did not receive cash but a check Preferred claims result from property rights only. counsel for C. D. Thompson, stated in a trial brief presented Monday.

3. March 2, 1933 Corvallis Gazette-Times Corvallis, OR

Article Text

CORVALLIS BANKS OPEN TOMORROW Only Emergency Business and Accommodation of Public on Restricted Basis MORATORIUM TODAY Governor Calls a State-Wide Holiday, Due to California Closing At ten minutes to 10 o'clock this morning the banks of Corvallis were notified that the governor had declared a three-day moratorium for all the banks in the state. The news came as a bolt from a clear sky and when we were informed that the order was mandatory, we submitted to the will of constituted authority. The banks of Portland were closed, but since then they have opened up for the transaction of emergency business only and other banks throughout the state will doubtless follow their lead. Under these conditions the banks of Corvallis will open their doors tomorrow morning for the transaction of emergency business and the accommodation of the public on a restricted basis. First National Bank of Corvallis Benton County State Bank PORTLAND, Mar. 2 — (AP) — Statewide three day bank holiday ordered today by Governor Meier was met generally throughout Oregon with a decision by bankers to remain open for the transaction of what was described as "necessary business." Only in a few cities of the state did banks remain closed. The First National of La Grande which has been closed for more than four months, reopened today and officers said the bank would not observe the holiday. California banks also were operating under the holiday proclamation. Large downtown Portland banks did not observe the banking holiday called by Governor Meier today and shortly after the regular opening hour they said they would pay on checking and saving accounts up to a "reasonable" amount, to enable depositors to purchase necessities. Although signs announcing the banking holiday were posted on the doors of all Portland banks before regular opening hours, these signs later were taken down by the larger institutions which announced they would remain open and transact "necessary business." Postmaster Jones announced the proclamation would in no way interfere with the operation of the Postal Savings bank which continued to transact business in the regular way. SALEM, Mar. 2—(AP)—The three Salem banks were to open at 11:15 this morning to transact "necessary business," they announced following word that Portland banks were taking similar action. SALEM, Mar. 2—(UP)—Governor Meier today issued a proclamation declaring a three day legal holiday in Oregon, starting today and continuing through Saturday, such action will allow the closing of all Oregon banks for three days. "It is the only step to take to protect banks here because many of them clear through California banks and the California banks are closed," he said. "Financial distress prevailing in neighboring states is making its effects felt in Oregon," Governor Meier said in his statement. "It is essential for the protection of all depositors that bank withdrawals be suspended for a brief period to permit enactment of necessary regulatory acts stabilizing legislation, in line with federal enactments and legislation enacted in other states." The governor said he understood Arizona banks to be in strong financial condition. "We have had no advices any Arizona banks are in distress, but today's action is merely a safeguard," he said. General Holiday The governor's proclamation, declaring a legal holiday for all banks, financial institutions, county and city offices, courts and schools, was made today because it was (Continued on page 8)