778. National Bank of California (Los Angeles, CA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
4096
Charter Number
4096
Start Date
*
Location
Los Angeles, California (34.052, -118.244)

Metadata

Model
gpt-5-mini
Short Digest
e71bd6a12a5feeda

Response Measures

Accommodated withdrawals

Description

Articles (Jan 1894) describe a three-days' run during a recent financial flurry/panic. The bank paid every depositor in coin, maintained more than twice the legal reserve, did not suspend, and continued dividends—consistent with a run that did not lead to suspension or failure.

Events (3)

1. August 21, 1889 Chartered
Source
historical_nic
2. May 26, 1917 Voluntary Liquidation
Source
historical_nic
3. * Run
Cause
Macro News
Cause Details
Run occurred during a wider financial flurry/panic affecting this coast—an external macroeconomic panic rather than bank-specific failure
Measures
Paid every depositor in coin; maintained more than twice the legal reserve; did not call in loans; continued monthly dividends
Newspaper Excerpt
their conservative management was well demonstrated during the last financial flurry that visited this and other cities on this coast by the fact that they withstood the shock of a three-days' run, paying in coin every depositor who called for his money
Source
newspapers

Newspaper Articles (2)

Article from The Herald, January 1, 1894

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Article Text

NATIONAL BANK OF CALIFORNIA. One of the Solid Moneyed Institutions of Los Angeles. Its Conservative Management Deinonstrated During the Flurry. An Executive Committee Which Gives Close Attention to Details. Depositors' Interests Carefully Guarded. While one of the youngest of the banking institutions of the city, yet it is one of the most solid and substantial. Its officers and directors are men of large experience and well known ability and their careful attention to the details of the business and courteay to their patrons has built upa business of which they justly feel proud. Their conservative management was well demonstrated during the last financial furry that visited this and other cities on this coast by the fact that they withstood the shock of a three-days' run, paying in coin every depositor who called for his money, and at the end of the disturbance had on hand more than twice the legal reserve, and that without having called in any of its loans. It has been among the first to grant assistance to other banks, and more than one institution owee its life and present exisence to the timely aid furnished them. Its executive committee gives close attention to the details of its business and examines particularly all paper offered for discount, requiring the best of security in all cases, preferring their fuods should remain idle rather than make any questionable loans. To those requiring the services of an institution of this kind, the Bank of California offers its services, believing that stability, careful attention to the wants of their customers and courteous treatment to all will merit a share of the business of this community. The president, J. M.C. Marble, is accredited with being one of Los Angeles' shrewdest business men. O. H. Churchill is its vice-president, a most careful and active man. W. L. Graves, second vice-president, a former Fresno banker, who has been able to retire from active business, is a selfmade man, and A. Hadley, the cashier, is a gentleman in whom every citizen of Los Angeles places trust and confidence. He came to Los Angeles after 25 years' experience in the National Bank of Lawrence, Kan., having left there to come to Los Angeles on account of his health.


Article from The Herald, January 12, 1894

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Article Text

National Bank of California. The annual election of the National Bank of California was held yesterday. The board of directoas elected for the ensuing year, are: O. H. Churchill, o. T. Johnson, John Wolfekill, W. L. Graves, E. F. G. Klokke, George Irwin, M. H. Sherman, W. S. De Van, N. W. Stowell, A. Hadley, T. E. Newlin, John M. C. Marble and John E. Marble. The shareholders felt much gratification in the fact that the bank had passed through successfully the year, paying every demand in coin, during an unusual panic season and continuing its dividends to shareholders every month, and commencing the new year with more customers than ever in its history. The public is likely to appreciate such condition, and we can see no reason why this institution should not continue to grow in greater power and usefulness.