First National Bank - Spokane, WA

Episode Information

Episode Type: Run Only
Start Date: May 21, 1891
Location: Spokane, Washington (47.659, -117.426)
Registered Place: Spokane Falls
Bank Type: national
Charter Number: 2805

Metadata

Episode ID
Bank ID
City ID: 531512683

Model: gpt-5-mini
Short Digest

Response Measures

Accommodated withdrawals

Receivership Details

Depositor recovery rate: 44.0%
Date receivership started: 1893-11-20
Date receivership terminated: 1900-02-12
OCC cause of failure: Excessive lending
Share of assets assessed as good: 12.7%
Share of assets assessed as doubtful: 87.0%
Share of assets assessed as worthless: 0.4%

Events (3)

1. October 24, 1882 Chartered

Source: historical_nic

2. May 21, 1891 Run

Cause: Rumor Or Misinformation
Cause Details: Rumors of insolvency triggered heavy withdrawals from the bank.
Measures: Bank honored all paper presented (paid withdrawals).
Newspaper Excerpt: Rumors of insolvency caused a heavy run on the First National bank of Spokane Falls, Wash. All paper presented was honored by the bank.
Source: newspapers

3. November 20, 1893 Receivership

Source: historical_nic

Newspaper Articles (1)

1. May 21, 1891 Santa Fe Daily New Mexican Santa Fe., Santa Fe, NM

Article from Santa Fe Daily New Mexican, May 21, 1891

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Article Text

pany. A suit for $93,000 is pending against it. Prof. Rountree, while jumping from a balloon in a parachite at Spokane Falls, Wash., was dashed against a house and instantly killed. Rumors of insolvency caused a heavy run on the First National bank of Spokane Falls, Wash. All paper presented was honored by the bank. During a game of base ball at Nashville, Ind., Phil Harden, aged 18, completed a run and fell dead. O. B. Wilson, ex-mayor of Great Bend, Kas., charged with absconding with $40,000, was arrested at Seattle. He will be taken back to Kansas for trial. The labor organizations have taken up ex-Senator Blair's rejection by the Chinese and threaten to make him their candidate for president if he stays in the country. Five thousand prisoners in Russia are awaiting suitable weather for their transportation to Siberia. The prisoners will be voluntarily accompanied by the wives and families, numbering 10,000 persons. A rumor was current on the Yale campus that the faculty of Harvard had voted, with but a single dissenting voice, to discontinue all athlectic contests whatever with other colleges. The church question is to be eliminated from the politics of Utah hereafter. The people of Salt Lake are dividing on national party lines and the Liberal or antiMormon party is losing strength. The Mexican papers report that Senor Latal Pesado is now in the City of Mexico selecting material for a grand historical picture which the city of Vera Cruz has commissioned him to paint for the World's Columbian exposition. The navy department i3 much concerned over the small number of cadets who have been nominated to appear at the naval academy for examination. The majority of the members of the house of representatives, who have the privilege of nominating these cadets, have failed to send in the names of their candidates, and but twenty-six boys have appeared at the Annapolis academy for examination.