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.
9459. 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 1, 1930
- Location
- Albert Lea, Minnesota (43.648, -93.368)
Metadata
- Model
- gpt-5-mini
- Short Digest
6f625c70
Response Measures
Full suspension
Other: Bank closed 'for protection of depositors' following cashier's resignation and small withdrawals.
Description
Article (Albert Lea Tribune, 1930-02-08) reports a small run triggered by the recent resignation of the cashier and that the First National Bank 'closed doors' for the 'protection of depositors.' The paper gives no clear follow-up about permanent closing, receivership, or reopening, so I classify as run → suspension with outcome unsure. I corrected OCR fragments and inferred dates from phrasing (see event dates).
Events (3)
1.
September 16, 1886
Chartered
- Source
- historical_nic
2.
February 1, 1930
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Bank closed 'for protection of depositors' following depositor uneasiness after cashier's resignation
- Newspaper Excerpt
- Close Bank for Protection Feb. First National Bank closed doors the tection of depositors
- Source
- newspapers
3.
February 6, 1930
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Resignation of the cashier caused uneasiness among depositors and produced a small run
- Measures
- Bank closed its doors for 'protection of depositors' (see suspension event)
- Newspaper Excerpt
- recent resignation cashier, caused uneasiness ... small run depositors the bank Thursday.
- Source
- newspapers
Newspaper Articles (1)
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