Home Savings & Banking Company

Episode Information

Episode UID: 1750141291225
Episode Type: Run → Suspension → Unsure
Bank Type: state
Bank ID: 175014129 hash
Start Date: January 3, 1902
Location: Cleveland, Ohio (41.499, -81.695)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a41651ce89911cb1

Response Measures

None

Description

The bank invoked a 60-day notice rule in response to withdrawals; no later reopening information in the article.

Events (2)

1. January 3, 1902 Run

Cause: Bank Specific Adverse Info
Cause Details: Run triggered by announcement of financial troubles of two directors (Everett & Moore).
Measures: Tellers handed printed notice requiring sixty days' notice for withdrawals per rule printed in savings books.
Newspaper Excerpt: A run was started on the bank yesterday afternoon as a result of the announcement of the financial troubles of Messrs. Everett & Moore
Source: newspapers

2. January 3, 1902 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors invoked the 60-day notice rule to stem withdrawals after run tied to directors' financial troubles.
Newspaper Excerpt: The directors have instructed the officers to require a notice of sixty days from each depositor of the amount to be withdrawn.
Source: newspapers

Newspaper Articles (1)

1. January 3, 1902 Deseret Evening News Salt Lake City, UT

Article from Deseret Evening News, January 3, 1902

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Article Text

Run on Cleveland Savings Bank. Cleveland, Ohio, Jan. 3.-When the doors of the Home Savings & Banking Co., were opened today a big crowd was in waiting to draw out deposits. Each person was handed a printed sitp by the tellers bearing the following notice: "In order to best serve the interests of all depositors the directors have instructed the officers to require a notice of sixty days from each depositor of the amount to be withdrawn. This action is in accordance with the rule printed in all saving deposit books. The assets of this bank are more than sufficient to pay all liabilities and leave the stock of the bank intact." A run was started on the bank yesterday afternoon as a result of the announcement of the financial troubles of Messrs. Everett & Moore, who are members of the board of directors of the institution.