Allegheny National Bank - Pittsburg, PA

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 722
Charter Number: 722
Start Date: October 22, 1903
Location: Pittsburg, Pennsylvania (40.451, -80.016)

Metadata

Model: gpt-5-mini
Short Digest: dbf2ea8f

Response Measures

None

Description

Article (Savannah Morning News, Oct 23, 1903) reports the suspension of Allegheny National Bank as growing out of the failure of the Federal National Bank of Pittsburg. The piece gives no information about reopening; I therefore categorize this as suspension leading to closure (suspension_closure) but note the final disposition is not explicitly stated in the excerpt.

Events (1)

1. October 22, 1903 Suspension

Cause: Correspondent
Cause Details: Suspension attributed to the failure of the Federal National Bank of Pittsburg (correspondent/bank failure in same city).
Newspaper Excerpt: The suspension of an Allegheny national bank, growing out of the failure yesterday of the Federal National Bank of Pittsburg, caused scarcely a ripple in the market
Source: newspapers

Newspaper Articles (1)

1. October 23, 1903 The Savannah Morning News Savannah, GA

Article from The Savannah Morning News, October 23, 1903

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Article Text

STOCKS AND BONDS. New York, Oct. 22.-The movement of prices of stocks to-day was again inconclusive, the net changes being for the most part trivial. Losses predominated at the end of the day, but the market had quite generally advanced in face of the early unfavorable developments. The suspension of an Allegheny national bank, growing out of the failure yesterday of the Federal National Bank of Pittsburg, caused scarcely a ripple in the market, although reports showed the continued necessity of precautionary measures at Pittsburg, such as refraining from