Commercial National Bank - Youngstown, OH

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: 4574c36e

Response Measures

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

Other: Associated banks accepted the Commercial National's paper and collateral to cover deposits (interbank assistance).

Description

Multiple dispatches (dated July 4–5, 1884) report a run confined to the Commercial National Bank in Youngstown. The bank called on other local national banks for assistance and turned over paper and collateral; fears were allayed and there is no mention of suspension or closure. OCR corrected minor punctuation and repeated article duplicates.

Events (1)

1. July 4, 1884 Run

Cause: Bank Specific Adverse Info
Cause Details: Commercial National sought assistance from other local banks and turned over paper and collateral to meet deposits, indicating bank-specific liquidity concerns prompted withdrawals.
Measures: Called upon First National, Second National, Mahoning National and Wick Bros. & Co. for assistance; submitted statement and turned over paper and collateral to them to cover 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 the deposits the Commercial National owes.
Source: newspapers

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

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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.