Bank of Commerce - San Francisco, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 15, 1896
Location: San Francisco, California (37.780, -122.419)

Metadata

Model: gpt-5-mini
Short Digest: f7dc803e

Response Measures

None

Description

Article (The San Francisco Call, 1896-09-15) states The receivers of the Bank of Commerce promptly ... and the American National Bank will take possession of them to-morrow. This indicates the bank was taken into receivership/possession by authorities and will not resume normal operations; no run is described. Cause classified as government action (receivership/examiner takeover).

Events (2)

1. September 15, 1896 Receivership

Newspaper Excerpt: The receivers of the Bank of Commerce promptly ... and the American National Bank will take possession of them to-morrow. (The San Francisco Call, 1896-09-15).
Source: newspapers

2. September 15, 1896 Suspension

Cause: Government Action
Cause Details: United States bank examiners/receivers took possession of the Bank of Commerce and placed it in receivership following examinations of closed banks in the city; examiner action led to suspension.
Newspaper Excerpt: The receivers of the Bank of Commerce promptly build ships unexcell and the American National Bank will take possession of them to-morrow.
Source: newspapers

Newspaper Articles (1)

1. September 15, 1896 The San Francisco Call San Francisco, CA

Article from The San Francisco Call, September 15, 1896

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Article Text

This Tom Reed. "Just wait till next November. The limit of cost fixed for lected then and apparently in the best of humor, although it was only a few hours three ships was $3,700,000, inc before his death, and he had then eviand armor. Word comes from 1 THE SCOTTS WIN dently determined on suicide. Hedid not that the armor can be supplied tell his family of his intention, and it was partment for less than $1,00 not until several hours later that he took Union Iron Works was allowed the poison and was discovered in an inof 4 per cent above the low A BATTLE-SHIP sensible condition. Once or twice in the bids to offset the difference next thirty-six hours he opened his eyes between the Atlantic and Paci and looked around the room, but he It is a very important cons neither spoke nor seemed to know any one. the Government that there Colomb's death renders the work of inmaintained on the Pacific Co Union Iron Works to Build vestigating the defalcation very difficult, one great ship-building est and United States Bank Examiner Escott One of Three New capable of constructing, equ doubts whether it will ever be possible to repairing vessels of the largest know all the details. ability of the Union Iron Fighters. The receivers of the Bank of Commerce promptly build ships unexcell and the American National Bank will take and workmanship and con possession of them to-morrow. The two every respect to the specifica other closed banks, the Mutual National TO ECLIPSE THE OREGON department has been amply de and Union National, still remain in the in the construction of the Ore hands of the United States Examiners. pia, Monterey, San Francisco a It is thought the panic is over and that ton. That another great suc there will be no more trouble. Means a Rush of Work at the scored in the building of a sec United States Bank Examiner Escott ship of vast proportions there Potrero for the Next completed his first trial balance of the doubt. Union National Bank last night and found An idea of the formidable o Two Years. the amount stolen to be $602,687 07. This the new battle-ship may be g is subject to an increase when all the study of these dimensions: books are fully examined. Length on load water line 368 f