Single article (Aug 22, 1891) reports a temporary suspension due to inability to raise money on discounted paper protested in New York. No run is mentioned; wording 'suspended temporarily' implies an eventual reopening.
Events (1)
1.August 22, 1891Suspension
Cause
Correspondent
Cause Details
Could not raise funds on paper it had discounted; bills protested in New York, indicating trouble in correspondent/discounting market.
Newspaper Excerpt
MONTGOMERY Ala., Aug. 22-The First National bank has suspended temporarily, there being an inability to raise money on good paper drawn by others, discounted by the bank and protested in New York.
Source
newspapers
Newspaper Articles (1)
1.August 23, 1891Fairhaven HeraldFairhaven, Bellingham, WA
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Article Text
Could Not Get Discounts MONTGOMERY Ala., Aug. 22-The First National bank has suspended temporarily, there being an inability to raise money on good paper drawn by others, discounted by the bank and protested in New York.