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Home Nashville Public Library Digital Collection Bank run on the Tennessee Hermitage National Bank, 1930 November 14

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Bank run on the Tennessee Hermitage National Bank, 1930 November 14

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Title	Bank run on the Tennessee Hermitage National Bank, 1930 November 14
Corporate name	Tennessee Hermitage National Bank (Nashville, Tenn.) Commerce Union Bank (Nashville, Tenn.)--History--Sources Baxter Building (Nashville, Tenn.) Loventhal Brothers Insurance (Nashville, Tenn.)
Topical entry	Architecture Buildings Business Capital City Banks and banking--Tennessee--Nashville--History--20th century Bank failures--Tennessee--Nashville--History--20th century Financial crises--Tennessee--Nashville--History--20th century Depressions--20th century--United States Economic & social conditions--Tennessee--Nashville Business panics--Tennessee--Nashville
Geographic entry	Nashville (Tenn.)--History--Sources Third Avenue (Nashville, Tenn.) Union Street (Nashville, Tenn.)
Description	A photograph of the November 14, 1930 bank run on the Tennessee Hermitage National Bank of Nashville, Tennessee (306 Third Avenue North). The photo was taken at about 1 p.m. and the line up at that time extended half a block down Third Avenue and East on Union Street for over half a block. Pictured in front of the bank and the Baxter Building (216 Union Street) the crowd was orderly, as word had been sent down the line that every depositor would be paid in full, if demanded. The bank closed at 2 p.m. with a long line still unable to get in. The Tennessee Hermitage National Bank paid all comers until closing time, but Friday night, effected a consolidation with the Commerce Union Bank. It opened for business the next day under the supervision of the Commerce Union Bank. The Great Depression saw the closing of over 120 southern banks closed in November and December of 1930 and thousands of depositors lost their life savings. Forms part of the Nashville Room Historic Photographs Collection. 1 photograph : sepia ; 4.75 x 6.75 in.
Publisher	Special Collections Division of the Nashville Public Library, 615 Church Street, Nashville, Tennessee, 37219
Date	1930-11-14
Type	Still Image; Photographs
Format	image/jpeg
Identifier	P-2327
Relation	Nashville Room Historic Photographs Collection
Coverage	1930-1939
Rights	U.S. and international copyright laws protect this digital content, which is provided for educational purposes only and may not be downloaded, reproduced, or distributed for any other purpose without written permission. Please contact the Special Collections Division of the Nashville Public Library, 615 Church Street, Nashville, Tennessee, 37219. Telephone (615) 862-5782.
Location	Closed Stacks P-2327