19045. First National Bank (Philadelphia, PA)

View Charter #2731 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
1
Charter Number
2731
Start Date
February 20, 1869
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini
Short Digest
da77657c

Response Measures

Accommodated withdrawals

Description

OCR shows 'Fist' corrected to 'First'. Articles (Feb 20, 1869) report the cashier as a defaulter who fled and a slight run occurred but the doors were not closed; no suspension or failure mentioned.

Events (1)
1. February 20, 1869 Run
Cause
Bank Specific Adverse Info
Cause Details
Cashier alleged to be a defaulter of $100,000 and had fled, prompting depositor withdrawals.
Newspaper Excerpt
It is reported that the Cashier of the Fist National Bank is a defaulter in the sum of $100,000, and has made his escape. There was a slight run on the bank to-day, but the doors were not closed.
Source
newspapers

Newspaper Articles (2)
1. February 21, 1869 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, February 21, 1869

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Article Text

1120 PHILADELPHIA. PHILA DELPHIA, February 20.-It is reported that the "Cashier of the Fist National Bank is a defaulter in the sum of $100,000, and has made his escape. There was a slight run on the bank to-day, but 18 FORM the doors were not closed.

2. February 22, 1869 Memphis Daily Appeal Memphis, Hernando, Grenada, Jackson, Vicksburg, Atlanta, Griffin, Macon, Montgomery, Selma, TN
Article from Memphis Daily Appeal, February 22, 1869

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Article Text

PHILADELPHIA. PHILADELPHIA, February 20.-It is reported that the Cashier of the Fist National Bank is & defaulter in the sum of $100,000, and has made his escape. There was a slight run on the bank to-day, but the doors were not closed.