Niagara County Savings Bank - Niagara Falls, NY

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: December 16, 1931
Location: Niagara Falls, New York (43.094, -79.057)

Metadata

Model: gpt-5-mini
Short Digest: ebb3c743

Response Measures

Public signal of financial health

Other: Trustees issued a personal guarantee to reassure depositors and denied closing rumors.

Description

Article (Dec 16, 1931) reports withdrawals tied to rumors that the bank had closed; trustees issued a personal guarantee that the bank was safe and would continue business. No suspension or receivership is mentioned, so classify as a run-only episode. OCR in the clipping is garbled, corrected reading to Closing rumors denied by Niagara Falls bank and trustees guarantee.

Events (1)

1. December 16, 1931 Run

Cause: Rumor Or Misinformation
Cause Details: Widespread local rumors that the bank had closed prompted withdrawals; trustees denied rumors and personally guaranteed the bank's safety.
Measures: Trustees (undersigned) personally guaranteed the bank and issued statement reassuring depositors; public denial of closing rumors.
Newspaper Excerpt: CLOSING RUMORS DENIED BY NIAGARA FALLS BANK ... the Niagara County Savings Bank ... personally guarantee that the bank will for business usual
Source: newspapers

Newspaper Articles (1)

1. December 16, 1931 The Buffalo News Buffalo, NY

Article from The Buffalo News, December 16, 1931

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Article Text

CLOSING RUMORS DENIED BY NIAGARA FALLS BANK Special EVENING NEWS. NIAGARA Dec Niagara County bank Third which Friday and continued Monday and the issued local which that the bank closed or going The ing withdrawals Wednesday statement follows the Niagara County Savings Bank true and The bank safe and its The undersigned trustees the Niagara County Savings bank hereby personally guarantee that the bank will for business usual