Bank of San Jose - San Jose, CA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 15, 1893
Location: San Jose, California (37.297, -121.819)

Metadata

Model: gpt-5-mini
Short Digest: e3d44afb

Response Measures

None

Description

Article (The Herald, 1893-06-15) states the Bank of San Jose was... looted by its officers that it had to suspend, but directors rehabilitated its condition so it reopened and regained customers' confidence. No mention of a depositor run; cause is internal theft/embezzlement (bank-specific adverse information).

Events (2)

1. June 15, 1893 Reopening

Newspaper Excerpt: its directors came to the rescue and rehabilitated its financial condition... as to enable it to reopen and regain the confidence of its customers.
Source: newspapers

2. June 15, 1893 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Officers 'villainously looted' the bank, forcing it to suspend operations (internal theft/embezzlement).
Newspaper Excerpt: the bank of San Jose was... looted by its officers that it had to suspend
Source: newspapers

Newspaper Articles (1)

1. June 15, 1893 The Herald Los Angeles, CA

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Article Text

NOTWITHSTANDING the bank of San Jose was 80 villainously looted by its officers that it had to suspend, its directors came to the rescue and rehabilitated its financial condition 80 as to enable it to reopen and regain the confidence of its customers. This incident shows the healthy financial condition of California, due to the fact that there has been no artificial speculation in this state for years, and therefore no reason whatever for financial panic.