Windber National Bank

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 5242
Charter Number: 5242
Start Date: August 15, 1903
Location: Windber, Pennsylvania (40.240, -78.835)

Metadata

Model: gpt-5-mini
Short Digest: 19fd7be4

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Article (Aug 15, 1903) describes a depositors' run caused by a circulated report questioning the bank's stability. Bank opened, displayed large amounts of gold which stopped the withdrawals, and customers returned funds. No suspension or closure mentioned.

Events (3)

1. January 5, 1900 Chartered

Source: historical_nic

2. August 15, 1903 Run

Cause: Rumor Or Misinformation
Cause Details: A circulated report among local foreigners questioned the bank's stability, prompting withdrawals.
Measures: Officers opened early and displayed several hundred thousand dollars in gold, which reassured depositors and stopped the run.
Newspaper Excerpt: A report was circulated ... which reflected upon the stability of the Windber National Bank. Officers ... opened the bank doors ... about 300 people withdrew their deposits. Within full view of the patrons was several hundred thousand dollars in gold, and this served to check the demand.
Source: newspapers

3. November 1, 1909 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. August 15, 1903 The Washington Times Washington, DC

Article from The Washington Times, August 15, 1903

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Article Text

SIGHT OF GOLD COIN STOPS RUN ON BANK WINDBER, Pa., Aug. 15.-A report was circulated among the foreigners residing here which reflected upon the stability of the Windber National Bank. Officers of the institution heard of it late Thursday night and opened the bank doors at 7 o'elock yesterday morning, expecting a run. These expectations were realized, and about 300 people withdrew their deposits. Within full view of the patrons was several hundred thousand dollars in gold, and this served to check the demand. Within an hour the run was over and a majority of the people who withdrew returned their funds.