Article Text
Close Bank for Protection Feb. First National Bank closed doors the tection of depositors and others." recent resignation cashier, caused uneasiness terson, and small run depositors the bank Thursday.
8331. First National Bank (Albert Lea, MN)
Bank Information
- Episode Type
- Run → Suspension → Unsure
- Bank Type
- national
- Bank ID
- 3560
- Charter Number
- 3560
- Start Date
- February 6, 1930
- Location
- Albert Lea, Minnesota (43.648, -93.368)
Metadata
- Model
- gpt-5-mini
- Short Digest
73d1efebe7f86d42
Response Measures
Full suspension
Description
Article (Albert Lea Tribune, 1930-02-08) reports the First National Bank closed for protection of depositors after the recent resignation of a cashier provoked uneasiness and a small run by depositors. The piece indicates a run preceded a closure/suspension; no later reopening or permanent failure is mentioned in the provided text, so reopening is unsure. OCR errors in the excerpt have been corrected where obvious (e.g., tection -> protection). Dates are inferred from newspaper date and reference to 'Thursday'.
Events (3)
1.
September 16, 1886
Chartered
- Source
- historical_nic
2.
February 6, 1930
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Recent resignation of the cashier caused uneasiness among depositors and triggered a small run.
- Measures
- Notified closure for protection of depositors; bank closed doors (see suspension).
- Newspaper Excerpt
- recent resignation cashier, caused uneasiness ... small run depositors the bank Thursday.
- Source
- newspapers
3.
February 6, 1930
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed for protection of depositors after uneasiness from the cashier's resignation and resulting withdrawals.
- Newspaper Excerpt
- First National Bank closed doors the protection of depositors.
- Source
- newspapers
Newspaper Articles (1)
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