Bank of Commerce - San Francisco, CA

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: state
Start Date: September 28, 1930
Location: San Francisco, California (37.780, -122.419)

Metadata

Model: gpt-5-mini
Short Digest: bfee9922

Response Measures

Full suspension

Description

OCR is poor. Article (Sept 28, 1930) reports a heavy run on the Bank of Commerce in San Francisco; bank shut its doors after heavy withdrawals and was expected to reopen Monday (the next day). Cause not explicitly stated; other banks and crowds are mentioned, suggesting contagion from local bank distress or general nervousness, but no concrete rumor or insolvency is described.

Events (3)

1. September 28, 1930 Run

Cause: Local Banks
Cause Details: Article mentions other banks and heavy runs in the city; suggests contagion/nervousness from troubles at other local banks.
Measures: Bank shut its doors after heavy withdrawals; board held night session; police kept patrons in line.
Newspaper Excerpt: Close After Heavy ... caused ... heavy run ... Bank of Com-merce said they ...
Source: newspapers

2. September 28, 1930 Suspension

Cause: Local Banks
Cause Details: Closure followed heavy withdrawals and runs affecting multiple banks in the city; article frames the closing as immediate response to the run.
Newspaper Excerpt: shut its doors ... after a heavy run ...
Source: newspapers

3. September 29, 1930 Reopening

Newspaper Excerpt: Officials of the Bank of Commerce said they expected to reopen Monday.
Source: newspapers

Newspaper Articles (1)

1. September 28, 1930 The San Francisco Examiner San Francisco, CA

Article from The San Francisco Examiner, September 28, 1930

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Article Text

Close After Heavy Sept. of the Bank of operations pension upon after an decided of the board of night session all caused quite directors, today banks here. on other heavy run and Company's Cordova Demetrio of $200,000, with capital Bank, shut its doors heavy run There Commercial, the police the Banco in line. keeping patrons having diffiOther banks Bank of the particularly numerous which being rushed Funds protect Bank of ComOfficials of the expected to reopen merce said they Monday.