Article Text
St. Louis Sent Assistance. Memphis, Tenn., Dec. 28.-The National Bank of Commerce and the Commonwealth Trust Co. of St. Louis, by rushing $750,000 to Memphis, saved the city from a financial panic.
National Bank of Commerce (Memphis, TN)
Episode Information
- Episode UID
505601272- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
-
50560national - Charter Number
- 5056
- Start Date
- December 28, 1905
- Location
- Memphis, Tennessee (35.150, -90.049)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
7ab26cb417948712
Response Measures
Borrowed from banks or large institutions, Capital injected
Description
Article is brief and doesn't specify whether any suspension occurred; further articles could clarify scope.
Events (3)
1.
January 11, 1897
Chartered
- Source
- historical_nic
2.
November 1, 1905
Voluntary Liquidation
- Source
- historical_nic
3.
December 28, 1905
Run
- Cause
- Local Banks
- Cause Details
- City-wide financial panic/withdrawal pressure in Memphis averted by emergency funds from St. Louis banks.
- Measures
- Received $750,000 in emergency assistance from St. Louis institutions to bolster liquidity.
- Newspaper Excerpt
- The National Bank of Commerce and the Commonwealth Trust Co. of St. Louis, by rushing $750,000 to Memphis, saved the city from a financial panic.
- Source
- newspapers
Newspaper Articles (1)
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