State National Bank - Minneapolis, MN

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 1623
Charter Number: 1623
Start Date: September 30, 1873
Location: Minneapolis, Minnesota (44.980, -93.264)

Metadata

Model: gpt-5-mini
Short Digest: c2000d8f

Response Measures

None

Description

OCR errors corrected: article dateline shows 'Sept. 80' (interpreted as Sept. 30 / 'yesterday' before Oct 1, 1873). The piece reports a run began on State National but was soon checked; no suspension or closure is mentioned. The run appears triggered by distress of other local banks (Mendenhall suspended) amid a local panic.

Events (3)

1. December 15, 1865 Chartered

Source: historical_nic

2. September 30, 1873 Run

Cause: Local Banks
Cause Details: Panic among local banks after Mendenhall's bank suspended; runs spread to other banks including State National.
Measures: Withdrawals were soon checked (bank stabilized; no suspension).
Newspaper Excerpt: A run was commenced on the State National, but ... soon checked.
Source: newspapers

3. December 31, 1877 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. October 1, 1873 The Bismarck Tribune Bismarck, ND

Article from The Bismarck Tribune, October 1, 1873

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Article Text

MINNEAPOLIS The Panic Among the Banks There. Mendenhall Goes Down-Others All Right. MINNEAPOLIS, Sept. 80.-Mendenhall's Bank suepended yesterday. A fearful run was (made on the First National, but it is coming through all right. A run was commenced on the State National, but way C. A.L. soon checked. Other banks all right.