Hibernia Savings & Loan Society (San Francisco, CA)

Episode Information

Episode UID
5461730591320
Episode Type
Run Only
Bank Type
savings
Bank ID
546173059 hash
Start Date
December 14, 1909
Location
San Francisco, California (37.780, -122.419)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
136a2af2ef410622

Response Measures

None

Events (2)
1. December 14, 1909 Other
Newspaper Excerpt
A demurrer to the complaint in which John Fitz Gibbon prayed that the superior court appoint a receiver for the Hibernia savings and loan society was sustained by Judge Seawell yesterday.
Source
newspapers
2. September 1, 1930* Run
Cause
Rumor Or Misinformation
Cause Details
Widespread rumor that heavy losses and uncollectible loans left the bank insolvent; examiner's statement contradicted rumors
Measures
State bank examiner issued official statement of bank's liquid assets; bank reportedly refused many redeposits
Newspaper Excerpt
the run on the Hibernia bank ... the state bank examiner having been called in issued the official statement that the Hibernia bank had over $21 cash United States bonds and other quick assets ... By Wednesday the run had subsided
Source
newspapers

Newspaper Articles (2)
1. December 14, 1909 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, December 14, 1909

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Article Text

COMPLAINT AGAINST THE HIBERNIA BANK FAULTY Demurrer Sustained to Bill Ask= ing for Receiver A demurrer to the complaint in which John Fitz Gibbon prayed that the superior court appoint a receiver for the Hibernia savings and loan society was sustained by Judge Seawell yesterday. The principal point in which the complaint was found to be defective was the failure of Fitz Gibbon to allege that he is a stock holder of the bank. He was given 10 days in which to amend his complaint, Fitz Gibbon, who has been a depositor in the bank since November, 1861, complains that the attempt made January 20, 1909, to extend the existence of the corporation 50 years, was a deliberate endeavor to evade the law limiting the life of such corporations to 50 years. Hibernia savings and loan society was organized April 12, 1859, but was reorganized under the name of The Hibernia savings and loan society in 1864. Fitz Gibbon also complains that he has not been permitted to examine the books and records of the institution. In addition to asking the court to appoint a receiver Fitz Gibbon prayed that the assets be distributed among the depositors and stock holders.

2. September 15, 1930 Nevada State Journal Reno, NV
Article from Nevada State Journal, September 15, 1930

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Article Text

Says: "Ever herd of cattle stampede? Dver see bunch of human Not bit difbeings stimpede? gets as clazy the other bank nothing more nor less than stampede Tor ages the Hibernia bank San was regarded of the financial institution on the Preific coast and it really was No other bank 25 vears ago had SO many millions in savings deposits nor so many millions and In face of all that the second week of September 1000, Hibernia bank started the the report that Somebody heavy in the bank had lost very the was claimed fire San was loaned that much of its money within the burned on proper could not be coland the which the lected, the made had been loans were People the fact that all included the lot loans buildings well and no bank loins money on building and does not protect itself by insurance and that in the strongest companies The un started on Monday and enched its height Tuesd when people long before daylight that they might be in line and get their money while the bank had to pay Tiuth of the matter that the bank officials rather pleased to have many small acclosed out Money was counts plentiful in San Trancisco at that banks did not know what time the with Had the run to do in June might have been differ ent However on Wednesday morning the state bank examiner hav ing been called in issued the official statement that the Hibernia bank had over $21 cash United States bonds and other quick assets nothing of its enormous to say wealth properties and mortgages in other cities and on country properts By Wednesday the run had subsided in its intensity but was still on and continued another day Then many came and wanted to put their money back in again but in most instances were refused Howev its bank never did quite the the Hibernia bank still one of San strongest institutions does not compare total deposits with many other banks that have since come to the front At that time the Bank of Italy W29 outside of chentele but has its particular sinco become many times larger In those days institution Giannini was still much of his attention to his milk routes in Oakland run on the Hibernia bank started in the most casual manthe Saturday before goodly number had collected to draw out money for various purposes Some were leaving the city others investing in mining stocks as the Goldfield boom was getting under way and others were going into business and their ings accounts checking accounts The funny part of situation was that large number of the crowd gathered were putting money Some had collected then insurance and many were workmen who had place some of then savings in bank high and work seemed to money Between the unusual number of people drawing out money and those in the clowd overflowed putting for time particularly near noon out onto the sidewalk Some one started the repoit that there was the bank Sunday the iumor spread over the city and run started in "Yep, another ballyhoo tomor-