San Bernardino National Bank - San Bernardino, CA

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 3818
Charter Number: 3818
Start Date: November 8, 1894
Location: San Bernardino, California (34.108, -117.290)

Metadata

Model: gpt-5-mini
Short Digest: 93f72721

Response Measures

Full suspension

Description

Article (Fort Worth Gazette, 1894-11-09) reports heavy withdrawals prompted by rumors that the bank was weak; bank 'closed its doors' and posted a suspension notice. No reopening mentioned in the article, so classified as suspension leading to closure.

Events (2)

1. November 8, 1894 Run

Cause: Rumor Or Misinformation
Cause Details: Large withdrawals by a few heavy depositors alarmed by rumors that the bank was weak.
Measures: None reported beyond directors posting notice that depositors would not lose money.
Newspaper Excerpt: the withdrawal of the large sums of money by a few heavy depositors who had become alarmed by rumors that the bank was weak caused the failure.
Source: newspapers

2. November 8, 1894 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended operations due to lack of funds following heavy withdrawals; directors attribute withdrawals to rumors of weakness.
Newspaper Excerpt: San Bernardino National bank closed Its doors this morning and posted a notice that the suspension was due to lack of funds.
Source: newspapers

Newspaper Articles (1)

1. November 9, 1894 Fort Worth Gazette Fort Worth, TX

Article from Fort Worth Gazette, November 9, 1894

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Article Text

Bank Closed. San Bernardino, Cal., Nov. 8.-San Bernardino National bank closed Its doors this morning and posted a notice that the suspension was due to lack of funds. The directors assert that the bank's depositors will not lose a dollar. They state that the withdrawal of the large sums of money by a few heavy depositors who had become alarmed by rumors that the bank was weak caused the failure.