Article Text
A RUN ON A BANK, [BY TELEGRAPH TO THE TRIBUNE.] BINGHAMTON, Dec. 19.-A run was made on the First National Bank of Waverly to-day by a false I'llmor, but the bank stood up under all demands. The bank will open as usual to-morrow.
17038. First National Bank (Waverly, NY)
Bank Information
- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
- 297
- Charter Number
- 297
- Start Date
- December 19, 1884
- Location
- Waverly, New York (42.013, -76.540)
Metadata
- Model
- gpt-5-mini
- Short Digest
ed7d04e6
Response Measures
Accommodated withdrawals
Receivership Details
- Depositor recovery rate
- 91.1%
- Date receivership started
- 1933-10-24
- Date receivership terminated
- 1938-01-31
- Share of assets assessed as good
- 50.1%
- Share of assets assessed as doubtful
- 38.8%
- Share of assets assessed as worthless
- 11.1%
Description
Single-day run (Dec 19, 1884) triggered by a false rumor; bank met demands and was to open as usual next day. Classification as run_only because bank did not suspend.
Events (3)
1.
March 2, 1864
Chartered
- Source
- historical_nic
2.
December 19, 1884
Run
- Cause
- Rumor Or Misinformation
- Cause Details
- A false rumor (misinformation) prompted depositors to make a run on the bank.
- Random Run
- Yes
- Random Run Snippet
- false rumor triggered run; bank stood up and will open
- Measures
- Bank met withdrawal demands; continued operations and planned to open as usual next day.
- Newspaper Excerpt
- A run was made on the First National Bank of Waverly to-day by a false rumor, but the bank stood up under all demands. The bank will open as usual to-morrow.
- Source
- newspapers
3.
October 24, 1933
Receivership
- Source
- historical_nic
Newspaper Articles (1)
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