Bank of San Diego - San Diego, CA

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 21, 1895
Location: San Diego, California (32.715, -117.157)

Metadata

Model: gpt-5-mini
Short Digest: 91e7bcb3

Response Measures

None

Description

Article (The Herald, Los Angeles, Mar 16, 1895) states the Bank of San Diego failed on January 21 and that A. J. O'Connor was receiver of the Consolidated National Bank of San Diego. No run or depositor riot is mentioned in the excerpt; the bank failed and a receiver was appointed, implying suspension followed by closure/receivership. Bank charter type not specified in text, so set to unknown.

Events (2)

1. January 21, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failure/insolvency leading to suspension of payments; article says the bank failed on Jan. 21st, indicating adverse bank-specific condition.
Newspaper Excerpt: Two weeks later, on January 21st. the Bank of San Diego failed,
Source: newspapers

2. January 23, 1895 Receivership

Newspaper Excerpt: and two days later O'Connor (receiver)... (A. J. O'Connor, receiver of the Consolidated National Bank of San Diego, has been affirmed by the Supreme Court...)
Source: newspapers

Newspaper Articles (1)

1. March 16, 1895 The Herald Los Angeles, CA

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Article Text

IT WAS TRUST MONEY A Supreme Court Decision of Interest to Banks and Depositors The judgment of the Superior Court of San Diego in the suit of Mary K. Henderson against A. J. O'Connor, receiver of the Consolidated National Bank of San Diego, has been affirmed by the Supreme Court. On the 7th day of June Mrs. Henderson deposited with the bank for collection a draft for $1521.42, drawn in her favor by the Mutual Life Insurance Co. of Newark, N. J., on the National State Bank of Newark. The San Diego bank refused to accept this draft as a deposit, but advanced Mrs. Henderson $21.42 on her check and charged her with that amount on its books as an overdraft. Mrs. Henderson told the Bank of San Diego people to deposit the amount of draft, when collected, in the Savings Bank of San Diego, in the same building. On the same day she countermanded this order, and told them to hold the money until she returned from an oceanside visit. which was to last some three weeks, and that then she would give them definite instructions. Two weeks later, on January 21st. the Bank of San Diego failed, and two days later O'Connor