Albert Lea National Bank - Albert Lea, MN

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 4702
Charter Number: 4702
Start Date: February 15, 1927
Location: Albert Lea, Minnesota (43.648, -93.368)

Metadata

Model: gpt-5-mini
Short Digest: 010e56d6

Response Measures

Full suspension

Other: Article fragment is OCR-corrupted and very short; indicates the Albert Lea National Bank closes after a run. No mention of clearinghouse, borrowing, or other remedies.

Description

OCR'd article (Fargo paper, 1927-02-15) contains fragmentary text stating 'ALBERT LEA BANK CLOSES' and 'after run'. Indicates a run occurred and the bank closed (suspended permanently). No explicit cause for the run is given in the excerpt; no mention of reopening or receivership in provided text. Dates taken from newspaper date.

Events (4)

1. March 4, 1892 Chartered

Source: historical_nic

2. February 19, 1902 Voluntary Liquidation

Source: historical_nic

3. February 15, 1927 Run

Cause Details: Article only states withdrawals/a run occurred; no cause given in the excerpt.
Newspaper Excerpt: ALBERT LEA BANK CLOSES ... after run
Source: newspapers

4. February 15, 1927 Suspension

Cause Details: Bank closed following a run according to the fragment; no government action or receivership mentioned in the excerpt.
Newspaper Excerpt: ALBERT LEA BANK CLOSES
Source: newspapers

Newspaper Articles (1)

1. February 15, 1927 The Fargo Forum, Daily Republican, and Moorhead Daily News Fargo, ND

Article from The Fargo Forum, Daily Republican, and Moorhead Daily News, February 15, 1927

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Article Text

Large Bankruptcy Case Filed At Fergus Falls of Argyle, all tion his at in due to signing bank case the largest case been filed a great years. E. county Marshall at time his $870 home at Minn ALBERT LEA BANK CLOSES The National posits of more than today after run of had in girls team of the high school