15998. United States National Bank (Portland, OR)

View Charter #4514 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4514
Charter Number
4514
Start Date
March 28, 1927
Location
Portland, Oregon (45.523, -122.676)

Metadata

Model
gpt-5-mini
Short Digest
62030cf685c12355

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health

Description

Newspaper articles (Mar 30, 1927) report a brief run on the United States National Bank in Portland that was checked by remittances of cash from San Francisco and Seattle and by payments/assistance from other local national banks. No suspension, receivership, or permanent closure is mentioned, so this is classified as a run that did not lead to suspension.

Events (2)
1. February 4, 1891 Chartered
Source
historical_nic
2. March 28, 1927 Run
Cause
Rumor Or Misinformation
Cause Details
Run appears driven by general fears and contagion-type nervousness; articles describe fears and a run rather than bank-specific insolvency or government action.
Measures
Large cash remittances sent from San Francisco and Seattle (about $15,000,000 reported) and payments by other Portland national banks (First National, Guarantee) to meet withdrawals and allay fears.
Newspaper Excerpt
RUSH FIFTEEN MILLION TO HALT RUN ON BANK ... The money sent from San Francisco, Seattle ... run the bank which began Monday and continued mildly.
Source
newspapers

Newspaper Articles (2)
1. March 30, 1927 The Grand Rapids Press Grand Rapids, MI
Article from The Grand Rapids Press, March 30, 1927

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Article Text

RUSH FIFTEEN MILLION TO HALT RUN ON BANK Portland, Ore., March dollars cash was Tuesday run the bank which began Monday and continued mildly. The money sent from San Francisco, Seattle bank passed the United States National bank First National bank. Transfer the bank and decisions from inroads the run. crowd hand when the bank opened Tuesday.

2. March 30, 1927 The Seattle Star Seattle, WA
Article from The Seattle Star, March 30, 1927

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Article Text

DEPOSITS PAID Plenty of Money Checks "Run' on Portland Bank Mar. payment of of the National this fears seem to been allayed and the Guarantee payment by States National bank and the First National bank created feeling of on the of the and It All are being then the bank will be