189. National City Bank (Mobile, AL)

View Charter #10732 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
10732
Charter Number
10732
Start Date
November 1, 1915*
Location
Mobile, Alabama (30.694, -88.043)

Metadata

Model
gpt-5-mini
Short Digest
0cdfcfd0

Response Measures

None

Other: Bank was taken over by First National Bank and liquidated; multiple runs preceded takeover.

Description

Multiple newspapers report that several runs occurred in the month before Nov 9, 1915, and that the bank was taken over and liquidated by First National Bank on Nov 9, 1915. That indicates runs preceded a suspension/closure and takeover (permanent closure). Cause of runs not specified in the articles.

Events (4)
1. April 30, 1915 Chartered
Source
historical_nic
2. November 1, 1915* Run
Cause Details
Articles mention several runs recently but do not give a trigger or specify rumors, correspondent failures, or bank-specific scandal.
Measures
Not specified in articles.
Newspaper Excerpt
Several runs have been made on the National City bank in the last month.
Source
newspapers
3. November 9, 1915 Receivership
Newspaper Excerpt
The National City Bank ... liquidated today, being taken over by the First National bank. Affairs of the bank are being liquidated by First National Bank. ... has been taken over by the First National Bank and the affairs of the bank are being liquidated.
Source
newspapers
4. March 9, 1916 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. November 9, 1915 The Richmond Palladium and Sun-Telegram Richmond, IN
Article from The Richmond Palladium and Sun-Telegram, November 9, 1915

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Article Text

MOBILE BANK FAILS MOBILE, Ala., Nov. 9.-The National City Bank of Mobile formerly the City Bank and Trust company with capital stock of $1,125,000 liquidated today, being taken over by the First National bank. Several runs have been made on the National City bank in the last month. The bank has assets to cover all its indebtedness.

2. November 10, 1915 The Brunswick News Brunswick, GA
Article from The Brunswick News, November 10, 1915

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Article Text

BANK TAKEN OVER. MOBILE, Nov. 9.-The National City Bank, with a capital of $1,000,000 has been taken over by the First National Bank and the affairs of the bank are being liquidated. The National City Bank has had several runs recently.

3. November 13, 1915 The Watchman and Southron Sumter, SC
Article from The Watchman and Southron, November 13, 1915

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Article Text

BANK TAKES OVER BANK. Affairs of National City Bank of Mobile Being Liquidated by First National Bank. Mobile, Nov. 9.-The National City bank's capital of $1,100,000 was. taken over by the First National Bank. Its affairs are being liquidated, following several runs recently.