967. San Bernardino National Bank (San Bernardino, CA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3818
Charter Number
3818
Start Date
November 12, 1892
Location
San Bernardino, California (34.108, -117.290)

Metadata

Model
gpt-5-mini
Short Digest
9ecb1c98

Response Measures

Public signal of financial health

Other: Fire destroyed building housing the bank in 1892 (property loss), but articles do not report a suspension or receivership.

Receivership Details

Depositor recovery rate
98.7%
Date receivership started
1932-06-21
Date receivership terminated
1939-01-05
Share of assets assessed as good
14.2%
Share of assets assessed as doubtful
46.5%
Share of assets assessed as worthless
39.3%

Description

A fire destroyed the Stewart Hotel block including the bank building on 1892-11-12 (Article 1). In 1893-06-19 depositors drew cash after the Farmers' Exchange failure; the San Bernardino National displayed large amounts of gold and currency and remained open. No suspension or receivership is mentioned.

Events (4)

1. November 26, 1887 Chartered
Source
historical_nic
2. November 12, 1892 Other
Newspaper Excerpt
Fire destroyed the Stewart Hotel block, the finest in San Bernardino, Cal., including the San Bernardino National Bank. The losses aggregate $200,000, partly insured
Source
newspapers
3. June 19, 1893 Run
Cause
Local Banks
Cause Details
Run contagion from the failure/closure of the Farmers' Exchange bank; withdrawals by small depositors after that failure (also noted currency withdrawn by world's fair visitors).
Measures
Fortified themselves and displayed an unusual amount of gold and currency on their counters to meet demands.
Newspaper Excerpt
This morning numerous small depositors were seen drawing their cash. ... The First National bank of San Bernardino and the San Bernardino National had been fortifying themselves for some time, and today displayed an unusual amount of gold and currency on their counters.
Source
newspapers
4. June 21, 1932 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from Martinsburg Herald, November 12, 1892

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Article Text

THE NEWS. Sixteen lynchers were indicted for murder in Washington county, Ala., and eighteen men for assault and battery. and Mrs. Fred. Taake, Swedish settlers on 8 claim three miles from Okarche, Indian Territory, were found deal inside their house. Both had been sho', and the surroundings indicate murder. The couple were agel fifty-four and fifty-two, respectively. -The jury in the Iams case in Pittsburg brought in a verd et of not gulty.-Earne t Trietle was shot in Orange, N. J., by Nathaniel Williams, private secretary to William Steinitz, the champion chess player The shooting, it is said, was an accident.Mrs. Levy was driven crazy in New York by the ppearance a synagogue janitor in his night robe.-W. G. Pollack, a diamond salesman, was robbed and nearly kil'ed on 8 Sioux City and Pacific trail.-Mrs. Par melia's Wright died in Benton Harbor, Mich., aged one busdred and two years. She retained her mental faculties to the last Mrs. Wright was born near Fairfax Courthouse, Va., and often met Gen. George Washington Thos. difersonand other noted men at that time.-United States cruiser No. 6, was launch di at the U ion Iron Works, San Franci-co, and christened the Olympia.- Carrie Parson, aged sixteen years, eloped with her uncle, Herbert Hos. kin, aged sixty years, from Minden, Mich. -Fire destroyed tl e Stewart Hotel block, the finest in San Bernardino, Cal., including the San Bernardino National Bank. The losses aggregate $200,000, partly insured The cause of the fire is unknown. The Merican government furnishes an of:1cial account of the trouble with the Aztec. -Attorney-General Miller confirmed the report that he would retire from the Cabinet -The W. C. T. U. Convention, which has been in session in Denver, adjourned.-A collision occurred in the Rice Tunnel, five miles from Galena, on the great Western Railway, between a construction train and a regular freight train. Both trains and engines were completely demolished. Two firemen were fatally injured, one man instantly killed and several other trainmen seriously injured.-The recent gales on the great lakes were very destructive.—Mrs. Sarah Shephard, one hundred and four years of age, and the oldest woman in Indiana, was fatally burned in Brazil, Ind. Her two stepsons left her alone in the house, and when they returned, found her lying on the floor fearfully burned.-A carload of cripples left Dubuque for Canton, Minn., to be cured by the vision of the Virgin and Child in the church window there.-The Binghamton Trust Company was appointed permanent receiver of the Iron Hall funds in New York. The General Committee of Church Extension of the Methodist Episcopal Church con Vened in Philadelphia.-The ma ufacturers of Fall River voted to increase the wages of weavers 7 per cent. The American Axle and Tool Company's works in Beaver Falls, Pa., were destroyed by fire.-Judge John Collier, one of Atlanta's pioneer citizens, and one of her most prominent men is H. Rupp, the yardmaster of the Reading Railroad Company, to whose carlessness the coroner's jury decided was due the fatal collision at Manayunk on "October 24th, was arrested under the statues andtaken to the Norristown Jail, where he gave bail for a hearing.-The Women's Missionary Society of the Methodist Church South elected officers and ad The body of Cornelius 8. Hoover, of Lancuster, was found lying beside the ra Iroad track near Conestoga bridge. His injuries indicated that he had been struck by a train. He had been working recently in Phi'adelph'a.-William Gerlach, a Philadelphia broker, was declared solvent by the B oard of Governors of the Stock Exchange.


Article from The Herald, June 20, 1893

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Article Text

RUNS ON OTHER BANKS. A Small Panic at San Bernardino-The Farmers' Exchange Failure. SAN BERNARDINO, June 19.-[By the Aesociated Press.]-The rush af depositors who drew their money out of the Farmers' Exchange bank last week, causing it to close its doors, has to some extent infected depositors of other banks. This morning numerous small depositors were seen drawing their cash. but the banks were fully prepared to meet every demand. The First National bank of San Bernardino and the San Bernardino National had been fortifying themselves for some time, and today displayed an unusual amount of gold and currency on their countere. Large depositore are not drawing their money, and the bankers wore a confident air this morning. In accounting for the run on the Farmers' Exchange bank, an institution unquestionably sound financially, meas. ared by the usual standards of banking, followed as it was by disastrous results, attention has been called to the fact that over $100,000 has been withdrawn from circulation here by visitors to the world'a fair within a few weeks. The Farmers' Exchange bank and the savings bank of San Bernardino were practically owned and conducted by the same men. The directors are now preparing a statement of their actual condition, which will be made public tomorrow. One of the directors of the Farmers' Exchange bank, when asked how soon the bank would resume business, stated this morning that it was impossible to set a time, owing to the difficulty in realizing on securities in the money centers. That the bank will resume is generally believed by those acquainted with its affairs,