Newspaper reports (Jan 31, 1917) describe very slight runs on the Bank of Commerce while larger persistent runs occurred at other Seattle banks. No suspension, closure, or reopening is mentioned. Cause appears to be spillover from runs at other local banks.
Events (1)
1.January 31, 1917Run
Cause
Local Banks
Cause Details
Spillover/contagion from persistent runs on Peoples Savings Bank and the Scandinavian-American bank in Seattle.
Newspaper Excerpt
very slight runs on the Bank of Commerce and the Dexter-Horton bank.
Source
newspapers
Newspaper Articles (2)
1.January 31, 1917The Alaska Daily EmpireJuneau, AK
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Article Text
BANKS ARE SOUND SEATTLE Jan. 31. - Persistent runs kept up until closing time this afternoon on the Peoples Savings Bank and the Scandinevion-AAmeri can bank. At the latter bank the line of those wishing to withdraw extended from the paying teller's window into Second Avenue and down to James street. The majority of those in line are foreigners. Both institutions are regarded as absolutely sound. T here have been no runs on the Seattle National, Union Savings & Trust and Bank of California and very slight runs on the Bank of Commerce and the Dexter-Horton bank.
2.February 1, 1917The Wrangell SentinelWrangell, AK
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Article Text
BANKS ARE SOUND SEATTLE. Jan. 31.-Persistent runs kept up until closing time this afternoon on the Peoples Savings Bank, and the ScandinaAt the vian-American bank. latter bank the line of those wishing to withdraw extended from the paying teller's window into Second avenue and down to James street. The majority of those in line are foreigners. Both institutions are regarded as absolutely sound. There have been no runs on the Seattle Na. tional. Union Savings & Trust and Bank of California, and very slight runs on the Bank of Commerce and the Dexter-Horton bank.
