First National Bank (Gallatin, TN)

View Charter #4236 on SPMC View balance sheet

Episode Information

Episode UID
423601124
Episode Type
Run Only
Bank Type
national
Bank ID
42360 national
Charter Number
4236
Start Date
August 16, 1893
Location
Gallatin, Tennessee (36.388, -86.447)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
57b55390562ea8f6

Response Measures

Accommodated withdrawals

Receivership Details

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

Events (5)
1. February 17, 1890 Chartered
Source
historical_nic
2. August 16, 1893 Run
Cause
Local Banks
Cause Details
Concurrent slight run on other local bank(s) (Farmers' and Traders') suggesting local contagion/nervousness among depositors.
Measures
Paid out less than $2,000; no suspension reported.
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.