Article Text
Close Bank for Protection Feb
First National Bank closed doors the tection of depositors and others." recent resignation cashier, caused uneasiness terson, and small run depositors the bank Thursday.
First National Bank (Albert Lea, MN)
Episode Information
- Episode Type
- Run → Suspension → Unsure
- Start Date
- February 6, 1930
- Location
- Albert Lea, Minnesota (43.648, -93.368)
- Bank Type
- national
- Charter Number
- 3560
Metadata
Response Measures
Full suspension
Notes
Article mentions a small run and the bank closed 'for protection'; no clear info on reopening or receivership.
Events (3)
1.
September 16, 1886
Chartered
- Source
- historical_nic
2.
February 6, 1930
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Resignation of the cashier caused uneasiness and a small run by depositors.
- Measures
- Depositors withdrew funds; bank later closed doors for protection.
- Newspaper Excerpt
- recent resignation cashier, caused uneasiness ... small run depositors the bank Thursday.
- Source
- newspapers
3.
February 6, 1930
Suspension
- Cause Details
- Bank closed its doors for protection of depositors following the run and cashier's resignation.
- Newspaper Excerpt
- First National Bank closed doors the tection of depositors ... Close Bank for Protection Feb.
- Source
- newspapers
Newspaper Articles (1)
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