1057. First National Bank (San Francisco, CA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1741
Charter Number
1741
Start Date
January 1, 1895
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini
Short Digest
3d5a752b

Response Measures

None

Description

No article describes a depositor run. Newspaper of 1895-04-28 states the First National Bank is in the hands of Bank Examiner Clary and a receiver is being appointed, indicating suspension and receivership/closure. Earlier articles mention diamonds deposited at the First National but do not describe depositor panic or withdrawals tied to a run.

Events (3)

1. January 1, 1895 Other
Newspaper Excerpt
The valuables in question had been deposited with the First National bank of this city in the name of Louis Braverman, ... United States Marshal Baldwin has been appointed ... to take charge as receiver of the proceeds resulting from the sale of a valuable collection of diamonds which recently formed a part of the stock of Braverman & Bosleman, jewelers, doing business in this city.
Source
newspapers
2. April 28, 1895 Receivership
Newspaper Excerpt
appointment as receiver of the First National Bank of this city, now in the hands of Bank Examiner Clary. Senator Wilson takes charge on Monday next.
Source
newspapers
3. April 28, 1895 Suspension
Cause
Government Action
Cause Details
Bank was placed in hands of the bank examiner and a receiver was appointed (regulatory action leading to suspension).
Newspaper Excerpt
appointment as receiver of the First National Bank of this city, now in the hands of Bank Examiner Clary.
Source
newspapers

Newspaper Articles (3)

Article from St. Paul Daily Globe, January 1, 1895

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Article Text

GLITTERING FRAUDS Charged Up Against San Francisco Diamon Merchants, SAN FRANCISCO, Dec. 31.-United States Marshal Baldwin has been appointed by United States Circuit Judge McKenna to take charge as receiver of the proceeds resulting from the sale of a valuable collection of diamonds which recently formed a part of the stock of Braverman & Bosleman, jewelers, doing business in this city. The valuables in question had been deposited with the First National bank of this city in the name of Louis Braverman, a relative of one of the firm. This action is the result of a suit begun in the United States circuit court by Max Freundan, a New York diamond merchants who alleges that through fraudulent representations Braverman & Bosleman obtained from himself and'other New York merchants, whose claims have been assigned to him, diamonds valued at $35.500; that these diamonds were converted into money and book accounts, and the same fraudulently transferred to Louis Bra= verman. Judgement in the sun of $35,500 is prayed for and it is demanded that Braverman and Bosleman be convicted and punished for the perpetration of a fraud. Braverman & Bosleman failed several weeks ago. The men composing the firm came here from New York, where they had been engaged in the jewelry business, two years ago. After securing a commercial rating of $6,000 they had little difficulty in procuring a big stock of goods.


Article from The Western Sentinel, January 3, 1895

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Article Text

pected to make its app day next Hous W. T. Faireroth, of G boro, and D M. F ville, are in he citv with of office as Judges tomporow, Avery. A BIG SUIT OVER DIAMONDS. A California Firm Gets $35,000 Worth From a N. Y. Jeweler. SAN FRANCISCO, Jan. !.-United States Marshal Bildwin his been 1ppointed, by Circuit Judge K-nna, receiver of the proceeds resulting from the sale of a valuable collection of diamonds which were recently a part of the stock of Braverman & Bosle man. jewelers of this city. The diamonds were deposited in the First National Bank here in the name of Louit Braverman, a relative of one of the members of the firm. The action of the Circuit Judge in appointing a receiver will result in a suit to be brought in the Circuit Court, by Max Freund, a diamond merchant of New York, who alleges that Braverman & Bosleman obtained $35,000 worth of diamonds from him through fraudulent representations, and then trans ferred their stock to Louis Braverman.


Article from The San Francisco Call, April 28, 1895

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Article Text

pointment as receiver of the First National Bank of this city, now in the hands of Bank Examiner Clary. Senator Wilson takes charge on Monday next. The new bank of Clallam County, incorporated as a State bank, will open for business with Charles E. Mallotte, late cashier of the First National Bank, as cashier.