Security Trust - Philadelphia, PA

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: June 17, 1929
Location: Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model: gpt-5-mini
Short Digest: efc53577

Response Measures

None

Other: Article describes a crowd stirred by unfounded rumors about Security Trust; no mention of suspension or formal measures.

Description

Article describes a crowd and wild, unfounded rumors around Security Trust in Philadelphia tied to an auction/sale story. No mention of suspension, closure, reopening, or receivership — classified as a run-only episode driven by rumor/misinformation. OCR errors in the article were corrected for readability (e.g., curity Trust -> Security Trust).

Events (1)

1. June 17, 1929 Run

Cause: Rumor Or Misinformation
Cause Details: Excited, unfounded rumors about a sale/auction of property and bankruptcy connected to the bank prompted a crowd and agitation.
Newspaper Excerpt: Discussion of Sale Results in Wild, Unfounded Rumors ... attracted many to the spot. spread that there the ... Security Trust Third and Market ... rumor that the bank ...
Source: newspapers

Newspaper Articles (1)

1. June 17, 1929 Evening Courier Camden, NJ

Article from Evening Courier, June 17, 1929

Click image to open full size in new tab

Article Text

CROWD AT STARTS BANK Discussion of Sale Results in Wild, Unfounded Rumors excited of more than 100 the curity Trust Third and Market who rumor that the on bank, proved buyers an auction sale bank. rupt's property which was being held the referee the building. discussing the relative for sale, their excited gestures and talking attracted many the spot. spread that there the The of the stock of traded Philadelphia 319 Kaighn petition in bankruptcy May appraised and representatives of the creditors the referee, and that appraisals mostly work