19613. First National Bank (Williamsport, PA)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
175
Charter Number
175
Start Date
January 10, 1902
Location
Williamsport, Pennsylvania (41.240, -77.036)

Metadata

Model
gpt-5-mini
Short Digest
0aa79342

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Full suspension, Books examined

Description

A clear run is reported in 1902 that was averted by borrowing $30,000; no suspension or permanent closure is described in the sources. A 1933 article mentions a conservator and lists First National Bank, Williamsport among banks in a report, but the OCR is unclear and it does not explicitly state a suspension/closure tied to the 1902 run; I therefore classify the episode based on the 1902 run only. Corrected obvious OCR issues when quoting.

Events (3)

1. December 28, 1863 Chartered
Source
historical_nic
2. January 10, 1902 Run
Cause Details
Public anger/controversy: the bank president (burgess) had sentenced three striking girls to jail, provoking withdrawals in sympathy and hostility toward the bank.
Measures
$30,000 hastily borrowed to shore up the bank and prevent failure.
Newspaper Excerpt
Sympathy for three girl strikers at Reynoldsville culminated in a run on the First National bank. Only $30,000, hastily borrowed, saved the institution from going down
Source
newspapers
3. March 18, 1933 Receivership
Newspaper Excerpt
conservators were appointed for two national banks ... First National Bank, Williamsport, Edward Ladley (listed in the announcement).
Source
newspapers

Newspaper Articles (2)

Article from The Minneapolis Journal, January 10, 1902

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Article Text

IN A NUTSHELL San Francisco-Brigadier General Frederick Funston has arrived here from Manila on sick leave. Frankfort, Ky.-James B. McCreary has been nominated by the democrats to succeed United States Senator Deboe. Calumet, Mich.-The Standard Tie company of Detroit, Mich., has purchased 14,000 acres of cedar lands near Munising for $67,000. Laramie, Wyo.-A divorce was granted to Mrs. Belle Donkersley-Busk from George Busk, an Englishman, on the ground of nonsupport. Mrs. Donkersley-Busk was one of the belles of Laramie. Muskegon, Mich.-C. F. Bidwell of Toledo, Ohio, gave the first practical demonstration of his father's invention of a telephone system whereby it is possible to call up and talk from one electric car, going at full speed, with any one who is located in another car on the same line, running in either direction and at any distance. Williamsport, Pa.-Sympathy for three girl strikers at Reynoldsville culminated in a run on the First National bank. Only $30,000, hastily borrowed, saved the institution from going down, because its president is the burgess who sentenced the girls to six days in jail, after convicting them of disturbing girls who had taken the strikers' places in the local silk mill. New York-A virtual settlement of the bitter struggle for shorter hours between the garment cutters and the clothing manufacturers of the United States for months, has been reached. The question involved about 40,000 men. The settlement was reached through the medium of the committee of thirty-six appointed by the conference of the National Civic Federation in this city. The garment workers agreed to eight and a half hours.


Article from Berwick Enterprise, March 18, 1933

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Article Text

SIX BANKS ARE OPENED, FOR TWO Philadelphia, March 18 more Federal Reserve member banks today were licensed resume unre stricted operations, conservators were appointed for two national banks. was announced by George Norris, governor the Third Federal ReThe banks which opened 100 per cent were: Bank of wood, West Peoples Saving Trust NanFirst National Bank. Center Hall. Belleville National Bank. Belleville, Bank Belleville, Pa. First National Bank Weatherly, Pa The two banks and their are First National Bank Ambler, Andrew First National Bank, Williamsport, Edward Ladley.