National Bank - New Brunswick, NJ

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 587
Charter Number: 587
Start Date: February 14, 1933
Location: New Brunswick, New Jersey (40.486, -74.452)

Metadata

Model: gpt-5-mini
Short Digest: 50ff307d

Response Measures

Accommodated withdrawals

Description

Newspaper (Feb 14, 1933) describes frightened depositors withdrawing funds and banks paying every demand; banks remained open and met withdrawals. The copy has OCR errors but the episode is a run where the bank paid depositors and stayed open. Cause appears linked to other local banks' closings rather than a concrete misinformation incident.

Events (2)

1. November 25, 1864 Chartered

Source: historical_nic

2. February 14, 1933 Run

Cause: Local Banks
Cause Details: Withdrawals triggered by fear after other local banks/closings in New Brunswick, prompting depositors to withdraw savings.
Measures: Tellers remained on duty until every payment was made; bank paid all demand deposits and remained open.
Newspaper Excerpt: Frightened bank depositors called banks withdraw savings promptly paid by the banks.
Source: newspapers

Newspaper Articles (1)

1. February 14, 1933 The Central New Jersey Home News New Brunswick, NJ

Article from The Central New Jersey Home News, February 14, 1933

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Article Text

Citizens National Bank, Middlesex Title Close To Protect Depositors BANKS REMAIN OPEN TO AID DEPOSITORS their financial stability the New New Trust Company Peoples National Bank and Brunswick Savings Institution every demand made upon them today. Frightened bank depositors called banks withdraw savings promptly paid by the banks. To that they had ample funds to meet the the National Bank of New remained after the closing for New Brunswick Saving doors closed shortly after o'clock but all depositors within the bank assured that they be paid their the funds meet the demand The National Bank of New Jersey planned remain open definitely their patrons. Several dred persons in the Nationai Bank orders the tellers remain the job until every payment had made. The New Brunswick Trust Company kept open until 3:15 o'clock and Peoples NationBank did likewise. All trons within the banks time were paid their deposits.