National Bank - Toledo, OH

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4585
Charter Number: 4585
Start Date: August 18, 1931
Location: Toledo, Ohio (41.664, -83.555)

Metadata

Model: gpt-5-mini
Short Digest: 036a25d0

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Article (1931-08-18) reports Toledo's remaining banks, including the National Bank, opened early to inspire depositor confidence after four other banks failed to open. No suspension or closure of the National Bank is mentioned. Classify as a run-only episode driven by runs/withdrawals prompted by other local bank failures.

Events (3)

1. June 19, 1891 Chartered

Source: historical_nic

2. June 30, 1907 Voluntary Liquidation

Source: historical_nic

3. August 18, 1931 Run

Cause: Local Banks
Cause Details: Failures of four other Toledo banks to open prompted depositor nervousness and early openings to inspire confidence.
Measures: Opened an hour and a half earlier than usual to inspire depositor confidence and stem withdrawals.
Newspaper Excerpt: Toledo's remaining banks opened early today to inspire confidence of their depositors after the failure of four other banks to open yesterday morning ... the National bank opened an hour and half before the customary time
Source: newspapers

Newspaper Articles (1)

1. August 18, 1931 The Richmond News Leader Richmond, VA

Article from The Richmond News Leader, August 18, 1931

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Article Text

Toledo's Remaining Banks Open Up Early TOLEDO, O., Aug. ledo's remaining banks opened early today to inspire confidence of their depositors after the failure of four other banks to open yesterday morn- With millions their the opened as the first trickle of peared. Toledo Company and the National bank openhour and half before the customary time