German American National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 3009
Charter Number: 3009
Start Date: November 20, 1886
Location: St Cloud, Minnesota (45.561, -94.162)

Metadata

Model: gpt-5-mini
Short Digest: c36c5c1f

Response Measures

None

Description

Newspaper reports falsely claimed the bank had closed; directors planned suits and country depositors appeared causing prospect of a run. No suspension or closure is reported.

Events (3)

1. July 19, 1883 Chartered

Source: historical_nic

2. November 20, 1886 Run

Cause: Rumor Or Misinformation
Cause Details: Newspapers (Minneapolis Evening Journal and St. Paul Dispatch) published a report that the bank had closed; directors called for suits.
Random Run: Yes
Random Run Snippet: Newspapers reported bank had closed; directors to sue for damages
Measures: Directors instructed bank attorney to bring suits against newspapers for publishing the report.
Newspaper Excerpt: At a meeting of the directors of the German-American National bank to-day, the bank's attorney was instructed to bring suits ... for publishing the report that the bank had closed. A number of country depositors came in to-day and there was the prospect of a run on the bank.
Source: newspapers

3. April 20, 1897 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. November 21, 1886 Daily Yellowstone Journal Miles City, MT

Article from Daily Yellowstone Journal, November 21, 1886

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Article Text

Journalistic Flippancy. ST. CLOUD, Nov. 20.-At a meeting of the directors of the German-American National bank to-day, the bank's attorney was instructed to bring suits against the Mino_apolis Evening Journal and the St. Paul Dispatch for $10,000 damages each for publishing the report t nat the bank had climed. A number of country depositors came in to-day and there Was the prospect of a run on the bank.