First National Bank - Biloxi, MS

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 10576
Charter Number: 10576
Start Date: February 11, 1926
Location: Biloxi, Mississippi (30.396, -88.885)

Metadata

Model: gpt-5-mini
Short Digest: 3779b7c3

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health

Description

OCR-corrupted article dated 1926-02-11. Article headline and text indicate a run on the First National Bank of Biloxi that the bank met with backing/cash from outside firms and directors' guarantees. No mention of suspension, reopening, or receivership in the text, so classified as run_only. Significant OCR errors in the body (numbers and phrasing) corrected where obvious.

Events (3)

1. July 6, 1914 Chartered

Source: historical_nic

2. February 11, 1926 Run

Cause Details: Article does not state a clear trigger; describes heavy withdrawals and that outside cash and directors' signatures backed the bank.
Measures: Obtained backing/cash from outside firms and directors signed guarantees to meet withdrawals.
Newspaper Excerpt: Backed by Cash Bank Meets Run
Source: newspapers

3. November 3, 1943 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 11, 1926 Sun Herald Biloxi, MS

Article from Sun Herald, February 11, 1926

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Article Text

Backed by Cash Bank Meets Run Backed more half lion dollars from outside National Bank to meet today that to aid the tion. firms have to deposits, and forthcoming. was when Fink, bank the throng lobby and doors, Other of the city clared that the tirely signed by directors of the First National Bank has deposits more than 000 and the second largest bank in this city.