First National Bank - Tucson, AZ

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2639
Charter Number: 2639
Start Date: May 17, 1884
Location: Tucson, Arizona (32.222, -110.926)

Metadata

Model: gpt-5-mini
Short Digest: 96fcd0c3

Response Measures

Full suspension

Other: Article reports a bank 'failure' and that the bank 'had closed'; no receiver mentioned explicitly.

Description

Article (Arizona Weekly Citizen, 1884-05-17) describes a rush/withdrawals at the First National Bank in Tucson after the failure/closing of another bank (branch in Tombstone). OCR contains a year typo (1834) in a sworn statement; I use the publication year 1884. Depositors withdrew funds but soon returned them; no suspension or receivership is mentioned.

Events (3)

1. March 1, 1882 Chartered

Source: historical_nic

2. May 17, 1884 Run

Cause: Local Banks
Cause Details: Panic/excitement caused by the failure/closing of another bank (branch in Tombstone) that held many miners' deposits; news of that failure spurred withdrawals at First National.
Measures: No formal measures reported; depositors withdrew funds briefly then returned them the same day.
Newspaper Excerpt: There was a considerable rush at the First National Bank this afternoon by persons who had withdrawn their deposits this morning, and after keeping the money long enough to warm it up concluded that the millinium had not come, and were desirous of returning it.
Source: newspapers

3. January 31, 1885 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 17, 1884 Arizona Weekly Citizen Tucson, AZ

Article from Arizona Weekly Citizen, May 17, 1884

Click image to open full size in new tab

Article Text

D. M Subscribed and sworn to before me this 3d day of May, 1834. It M. WICKIN N. P. Pima Co., A. T. The failure created considerable excitement and has been all the talk on the streets to-day. Many depositors who had their little all" in the bank became excited and many exaggerated reports were started The indication, however, that all will get their money has allayed the excitement to some extent. A man who came in from Tombstone his afternoon states that excitement is running high in that town over the affair and that some leading mining men have left the town to escape the wrath of miner who had money deposited in the bank. It appears that most of the miners there had their surplus wages d+ posited in the branch bank and th it they fee that the nnceremonious shutt ng down of the works has caused them the loss. The county funds were deposit a in the bank but the county will not lose anything by the failure. H. B. Tenney, deputy treasurer, said to the reporter this afternood that the treasurer had ample security for the amount and that there would be GO trouble regarding the county finances. Tue Odd Fellows had a considerable amount deposited in the bank, but it was a special deposit. and when Justice Scott learned this morning that the bank had closed he walked into the bank and took charge of the fueds. There was a considerable rueh at the First National Bank this afternoon by persons who had withdrawn their deposits this morning, and after keeping the money long enough to warm it up concluded that the millinium had not come ,and were desirous of returning it.