Lancaster Trust Company - Lancaster, PA

Bank Information

Episode Type: Run Only
Bank Type: trust company
Start Date: March 9, 1926
Location: Lancaster, Pennsylvania (40.038, -76.306)

Metadata

Model: gpt-5-mini
Short Digest: 6010354e

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health, Capital injected, Books examined

Description

Multiple contemporaneous articles (Mar 9, 1926) report a depositor run on Lancaster Trust Company triggered by rumors of insolvency. The run was checked by cash assurances and offers of funds from directors/other banks; there is no mention of a suspension, receivership, or permanent closure in the items provided.

Events (1)

1. March 9, 1926 Run

Cause: Rumor Or Misinformation
Cause Details: A circulating rumor that the Lancaster Trust Company had become insolvent prompted depositors to rush to withdraw funds.
Measures: Directors and other banks offered cash (reported $50,000 on hand; offers of $200,000–$300,000 reported) and officials publicly assured depositors; windows posted assurances.
Newspaper Excerpt: The run started after rumor that the trust become insolvent
Source: newspapers

Newspaper Articles (3)

1. March 9, 1926 The Times Leader Wilkes-Barre, PA

Article from The Times Leader, March 9, 1926

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Article Text

START Depositors of a Lancaster tution Withdraw Deposits OTHER BANKS COME TO RESCUE Lancaster, March of the Trust on started lieved night that the run had checked, in their ability meet all demands in the State Legislature and vice or the and another director, the Federal Reserve Bank tonight when the bank opens for Lancaster Trust Co., the larghouse in ported to offered $200,000 for several passed their confidence in the stitution and message were placed in windows in the centre the city. Andrew Rote, director, circuamong the this $50,000 cash, his pocket and assuring get inside that their funds were workers from his plant arrived cash their certificates deposit, Rote sent them back to pay every cent they The run started after rumor that the trust become insolvent, spread Hoffman declared night that he would be able bandle debts and officials insisted that than $20,000 among their assets.

2. March 9, 1926 The Oil City Derrick Oil City, PA

Article from The Oil City Derrick, March 9, 1926

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Article Text

Run Believe On Bank Has Checked Depositors Rush Money as Rumor Is Circulated March the Trust started which tonight that had been checke! and expressed confidence representative in state legists. president of the other prominent director. returned tonight the nhen bank opens for business The Laneister Trust Co., the this the house offered $300.reported to have among the condition confidence the Institution and the were placed bearing the windows in the center of the amone the crowd this $50,000 In cash In his and assuring deportors clamoring to get inside state safe When from his plant accived cash certificates of deposit their to every cent they The run started after sumer president Trust company has become Insolvent had apread throughout Hoffman declared tonight that he would handle his personal debis and bank officials instated that less than of currd notes their

3. March 9, 1926 The Gazette and Daily York, PA

Article from The Gazette and Daily, March 9, 1926

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Article Text

LANCASTER Officials Of Union Trust Company Call On Federal Reserve For Aid BELIEVE RUN IS CHECKED Lancaster, Mar. the Union company that the fidence their ability Hess, repthe and the institation, another from the federal bank in Philadelphia tonight assurance be when the bank opens tomorrow. The Lancaster Trust company, the largest house this city, reported to use the condition among the Toseveral passed resoluexpressing their confidence in the the institution and placed windows the center Guarantees Money Andrew director, circuamong the crowd afternoon $50,000 cash his pocket assuring depositors clamoring to get Inside their funds When from his plant arrived cash their certificates of deposit Rote back guarpay cent they lost. The started after that Hoffman, had become spread LanHoffman tonight that he would be to handle his debts and insisted that of Hoffnotes are among assets