17916. First National Bank (Gallatin, TN)

View Charter #4236 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4236
Charter Number
4236
Start Date
August 16, 1893
Location
Gallatin, Tennessee (36.388, -86.447)

Metadata

Model
gpt-5-mini
Short Digest
5b5b911c0912d6e4

Response Measures

Accommodated withdrawals

Receivership Details

Date receivership started
1914-03-25
Date receivership terminated
1914-05-13
OCC cause of failure
Fraud

Description

Newspaper reports from Aug 16–17, 1893 describe a slight run on the First National Bank of Gallatin with under $2,000 paid out. No suspension, receivership, or reopening is mentioned. The run occurred the same day as a run on the Farmers' and Traders' Bank, suggesting local contagion rather than bank-specific scandal.

Events (5)
1. February 17, 1890 Chartered
Source
historical_nic
2. August 16, 1893 Run
Cause
Local Banks
Cause Details
Concurrent slight run on the Farmers' and Traders' Bank the same day; probable local contagion/nervousness.
Newspaper Excerpt
There was a slight run on the First National bank of Gallatin, less than $2,000 having been paid out.
Source
newspapers
3. March 25, 1914 Receivership
Source
historical_nic
4. May 14, 1914 Restored To Solvency
Source
historical_nic
5. January 3, 1916 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. August 16, 1893 Asheville Daily Citizen Asheville, NC
Article from Asheville Daily Citizen, August 16, 1893

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Article Text

Two Little Ruus. GALLATIN, Tenn., Aug. 16.-There was a slight run by depositors yesterday on the Farmers' and Traders' bank and the directors have posted a notice that only 10 per cent. for the present would be paid on deposit. There was a slight run on the First National bank of Gallatin, less than $2,000 having been paid out.

2. August 17, 1893 The Morning News Savannah, GA
Article from The Morning News, August 17, 1893

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Article Text

RUNS ON GALLATIN BANKS. They Were the Farmers and Traders and the First National. Gallatin, Tenn., Aug, 16.-There was a slight run by depositors yesterday on the Farmers and Traders bank and the directors posted a notice that only ten per cent., for the present. would be paid on deposits. Loans and other means are over $120,000 and deposits about $80,000. LLIGHT RUN ON THE FIRST NATIONAL. There was a slight run on the First National Bank of Gallatin, less than $2,000 having been paid out.