Vineland National Bank & Trust Company

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2918
Charter Number: 2918
Start Date: December 14, 1930
Location: Vineland, New Jersey (39.486, -75.026)

Metadata

Model: gpt-5-mini
Short Digest: d04d8e07

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

OCR errors in the article corrected (e.g., Vineland Na. tional Bank and Trust Company). Article (Dec 14, 1930) describes a rumor-triggered run; Federal Reserve (Philadelphia) sent $100,000 to the bank and the bank paid depositors and announced it would reopen Monday. No formal suspension or receivership is mentioned.

Events (1)

1. December 14, 1930 Run

Cause: Rumor Or Misinformation
Cause Details: Unfounded rumors spread among depositors prompted withdrawals.
Measures: Federal Reserve Bank of Philadelphia sent $100,000; bank paid depositors without requiring usual notice; bank announced it would reopen Monday.
Newspaper Excerpt: RUMOR STARTS RUN ON VINELAND BANK ... rumors were spread among depositors. About 75 depositors ... Federal Reserve Philadelphia sent $100,000 to ... and paid depositors ... said it would reopen as usual Monday
Source: newspapers

Newspaper Articles (1)

1. December 14, 1930 The Times Trenton, NJ

Article from The Times, December 14, 1930

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Article Text

RUMOR STARTS RUN ON VINELAND BANK TRENTON LODGEMEN AT SHORE TONIGHT More than hundred members of Royal Oak No. Lodge No attend the Long M Third and Avenues, Long Branch, tonight The Rev. William R. Blackman. pastor of the church and grand chaplain the Grand Lodge Jersey, will preach. Herbert Nichol Royal and Mercer the musical program. Press) the George *VINELAND Dec. small Glee Club Christmas carols started Vineland Na. tional Bank and Trust Company Odd Fellows' East State what officials declared o'clock this afternoon. rumors were spread among depositors. About 75 depositors mostly of the STORE IS RAIDED foreign town, Federal Reserve Philadelphia sent $100,000 to Police last night raided the store the meet Joseph Natale, order depositors and seized quantity of Natale arrested sale and was no will be arraigned suspended the police court tomorrow afternoon. to and paid depositors tain their money without requiring them give the usual notice Guy president of the STEP OUT said it would reopen as usual Monday