First National Bank (Philadelphia, PA)

View Charter #1 on SPMC View balance sheet

Episode Information

Episode Type
Run Only
Start Date
February 20, 1869
Location
Philadelphia, Pennsylvania (39.952, -75.164)
Bank Type
national
Charter Number
1

Metadata

Episode ID
Bank ID
City ID
421209052
Model
gpt-5-mini
Short Digest

Response Measures

Accommodated withdrawals

Notes

OCR in articles shows Fist which is corrected to First.

Events (2)
1. June 20, 1863 Chartered
Source
historical_nic
2. February 20, 1869 Run
Cause
Bank Specific Adverse Info
Cause Details
Reported defalcation by the cashier of about $100,000 and his flight.
Measures
Bank remained open; doors were not closed despite the slight run.
Newspaper Excerpt
It is reported that the Cashier of the First National Bank is a defaulter in the sum of $100,000... There was a slight run on the bank to-day, but the doors were not closed.
Source
newspapers

Newspaper Articles (2)
1. February 21, 1869 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, February 21, 1869

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Article Text

1120 PHILADELPHIA. PHILA DELPHIA, February 20.-It is reported that the "Cashier of the Fist National Bank is a defaulter in the sum of $100,000, and has made his escape. There was a slight run on the bank to-day, but 18 FORM the doors were not closed.

2. February 22, 1869 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, February 22, 1869

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Article Text

PHILADELPHIA. PHILADELPHIA, February 20.-It is reported that the Cashier of the Fist National Bank is & defaulter in the sum of $100,000, and has made his escape. There was a slight run on the bank to-day, but the doors were not closed.