Citizens National Bank - Lansford, PA

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 7051
Charter Number: 7051
Start Date: March 22, 1911
Location: Lansford, Pennsylvania (40.832, -75.882)

Metadata

Model: gpt-5-mini
Short Digest: da419601

Response Measures

None

Other: Arrests for spreading false rumors; prosecutors pursuing slander charges.

Description

Newspaper (1911-03-22) reports false rumors about the bank's condition that almost caused a run; the bank's president had a man arrested for spreading the rumors. There is no mention of suspension, closure, or reopening. I treat this as a run-only episode (threatened/near run) driven by rumor/misinformation.

Events (2)

1. December 3, 1903 Chartered

Source: historical_nic

2. March 22, 1911 Run

Cause: Rumor Or Misinformation
Cause Details: False rumors about the bank's financial condition spread by James Bonner; president caused his arrest.
Random Run: Yes
Random Run Snippet: false rumors concerning the financial condition; arrest of rumormonger
Measures: Bank president caused arrest of the individual spreading rumors; arrests intended to halt rumor-spread and prevent run.
Newspaper Excerpt: the spreading of false rumors concerning the financial condition of the institution, and more arrests will follow. The rumors almost caused a run among the many depositors of that institution.
Source: newspapers

Newspaper Articles (1)

1. March 22, 1911 Newark Evening Star and Newark Advertiser Newark, NJ

Article from Newark Evening Star and Newark Advertiser, March 22, 1911

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Article Text

CHARGE SLANDERING BANK. SUMMIT HILL. Pa., March 22.Contracter Andrew J. Breslin, of this place, who is president of the Citizens' National Bank, of Lansford, caused the arrest of James Bonner, of this place, on the charge of being responsible for the spreading of false rumors concerning the financial condition of the in titution, and more arrests will follow. The rumors almost caused a run among the many depositors of that institution.