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 6, 1933
Location
Butte, Nebraska (42.911, -98.849)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
25a1dc360c7c13c7

Response Measures

None

Description

The bank was subject to the March 1933 federal banking holiday and subsequently licensed to reopen without restrictions.

Events (4)
1. January 3, 1910 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
March 1933 Federal Banking Holiday
Newspaper Excerpt
The county returned nearly to normal after the bank holiday ended
Source
newspapers
3. March 23, 1933 Reopening
Newspaper Excerpt
The First National bank of Butte... was licensed to operate without restrictions
Source
newspapers
4. December 1, 1943 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. March 23, 1933 Butte Gazette Butte, NE

Article Text

The Spencer State bank and the Nebraska State bank of Bristow, had already reorganized, freezing their old deposits, so that no further restrictions at this time were necessary. The First National bank of Butte, the only national chartered institution in 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 State bank reported an amusing incident in respect to turning in gold. Two women, unknown in Anoka, returned gold certificates in the amount of $400, receiving other currency for it. They were careful not to divulge their identities or even show their license plates in front of the bank. Apparently they did not propose to deposit or invest the currency they had obtained.

2. March 23, 1933 The Spencer Advocate Spencer, NE

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.