15446. Commercial National Bank (Youngstown, OH)

View Charter #2482 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
2482
Charter Number
2482
Start Date
July 4, 1884
Location
Youngstown, Ohio (41.100, -80.650)

Metadata

Model
gpt-5-mini
Short Digest
5335eb0cbfafe0ab

Response Measures

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

Description

Articles (July 4–5, 1884) report a run occurred on the Commercial National Bank in Youngstown. The bank obtained assistance from other local banks and turned over paper and collateral to cover deposits; fears were allayed and no suspension or closure is reported.

Events (3)
1. June 15, 1880 Chartered
Source
historical_nic
2. July 4, 1884 Run
Cause
Rumor Or Misinformation
Cause Details
Newspapers/dispatches circulated broadly about runs on Youngstown banks; mayor states those dispatches were erroneous and only Commercial National experienced a run—panic appears rumor-driven.
Measures
Called on First National, Second National, Mahoning National and Wick Bros. & Co. for assistance; submitted statement and turned over paper and collateral to meet deposits.
Newspaper Excerpt
No run has been made on any bank here except the Commercial National. This bank called upon the First National, Second National, Mahoning National and Wick Bros. & Co. for assistance. It submitted to these banks a statement, and turned over to them paper and collateral amply sufficient to meet all deposits the Commercial National owes.
Source
newspapers
3. March 29, 1932 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. July 5, 1884 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 5, 1884

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Article Text

In the Interest of Truth. YOUNGSTOWN, 0.-Dispatches having gone out from here to the press, stating that a run had been made on the banks here, which continued for a time and ceased is erroneous No run has been made on any bank here except the Commercial National. This bank called upon the First National, Second National, Mahoning National and Wick Bros. & Co. for assistance. It submitted to these banks a statement and turned over to them paper and collateral amply sufficient to meet all the deposits the Commercial National owes. This action of the associated banks has had the effect to allay all fears. There has been no run on any other bank nor is there any probability. Will you publish the the above dispatch in the interest of truth? WM. P. CAMPBELL, Mayor.

2. July 5, 1884 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, July 5, 1884

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Article Text

The Banks at Youngstown, o. YOUNGSTOWN, o., July 4.-A dispatch sent out from here to the press, stating that a run had been made on the banks here, which continued for a time and ceased, is erroneous. No run has been made on any bank here except the Commercial National. This bank called upon the other banks-the First National, the Second National, the Mahoning National and Wick Bros. & Co.-for assistance. It submitted to these banks a statement, and turned over to them paper and collateral amply sufficient to meet all deposits the Commercial National owes, This action of the associated banks has had the effect to allay all fears. There has been no run on any other bank, nor is there any probability of one. The above statement is signed by W. L. Campbell, mayor of Youngstown.

3. July 5, 1884 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, July 5, 1884

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Article Text

In the Interest of Truth. YOUNGSTOWN, 0.-Dispatches having gone out from here to the press, stating that a run had been made on the banks here, which continued for a time and ceased is erroneous No run has been made on any bank here except the Commercial National. This bank called upon the First National, Second National, Mahoning National and Wick Bros. & Co. for assistance. It submitted to these banks a statement and turned over to them paper and collateral amply sufficient to meet all the deposits the Commercial National owes. This action of the associated banks has had the effect to allay all fears. There has been no run on any other bank nor is there any probability. Will you publish the the above dispatch in the interest of truth? WM. P. CAMPBELL, Mayor.