State National Bank - Minneapolis, MN

Episode Information

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

Metadata

Episode ID
Bank ID
City ID: 270655030

Model: gpt-5-mini
Short Digest

Events (3)

1. December 15, 1865 Chartered

Source: historical_nic

2. September 30, 1873 Run

Cause: Local Banks
Cause Details: Run triggered by suspension/distress of Mendenhall's Bank and wider panic among local banks.
Measures: Run was checked (no detailed measures described)
Newspaper Excerpt: A run was commenced on the State National, but was 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. 30.—Mendenhall's Bank suspended 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 was soon checked. Other banks all right. C. A. L.

Episode Information

Metadata

Events (3)

Newspaper Articles (1)

Article Text

MINNEAPOLIS.

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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