21095. Security National Bank (Dallas, TX)

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 10564
Charter Number: 10564
Start Date: May 11, 1921
Location: Dallas, Texas (32.783, -96.807)

Metadata

Model: gpt-5-mini
Short Digest: 7fb1e2a3

Response Measures

Accommodated withdrawals, Public signal of financial health, Capital injected

Description

Contemporary press reports (May 11–13, 1921) describe a run driven by rumors of unknown origin. The bank remained open (held open extra hours), received large new deposits and Federal Reserve cash; there is no mention of suspension or closure.

Events (3)

1. June 19, 1914 Chartered

Source: historical_nic

2. May 11, 1921 Run

Cause: Rumor Or Misinformation
Cause Details: Widespread rumors of unknown origin that the bank's finances were endangered; press notes a grand jury probe to determine origin of rumor.
Measures: Bank held open three extra hours; Dallas Clearing House and Eleventh Federal Reserve issued statements of confidence; Federal Reserve truck delivered a large sack of currency into the bank; prominent businessmen (including E. H. R. Green) deposited funds to bolster confidence.
Newspaper Excerpt: The Security National Bank withstood a run today, holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin.
Source: newspapers

3. October 6, 1921 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (10)

1. May 11, 1921 Brownsville Herald Brownsville, TX

Article from Brownsville Herald, May 11, 1921

Click image to open full size in new tab

Article Text

TRUCKLOAD OF CASH HALTS PANICKY RUN ON A DALLAS BANK . (By The Associated Press) DALLAS, TEXAS, May 11-HunROTARY CLUB dreds of persons jammed the Security National Bank and filled the streets about the building today when IN TRIBUTE TO rumors spread that the bank's finances were endangered, but the DEL PERKINS crowds began to disperse when the banks composing the Dal'as clearing house association and the eleventh The presentation of a beautiful district Federal Reserve Bank issued gold watch and chain to D. S. Perkins, statements of cofidence in the solvretiring president of the Rotary Club, ency of the institution. Dallas busijust as he turned over the official ness men mounted boxes in front of gavel to Emile Camiade, the new presthe bank and helped to stem the rush ident, featured the organization's by optimistic speeches. The bank itmeeting today. The presentation was self offered to pay in cash all deposmade as a token of appreciation of itors who wanted their money and Mr. Perkins' conduct of the organiit was announced it would remain zation during the past year. The open until 6 p. m. to accomodate speech of presentation was by C. L. all customers whose confidence was Jessup. shaky. Announcement was also made by Just before noon, when crowds the retiring chairman that he had were thickest, a Federal Reserve been elected delegate to the next inBank truck, guarded by uniformed ternational convention of the Rotary. men, drove up to the building. A which will be held in Edinburg, Scotgreat sack of currency was dragged land, this summer, the expense of the to the inside and opened up, expostrip to be borne by two of the new ing many thousands of dollars. officers, Mr. Camiade and Secretary Shortly after noon much of the William G. Lange. crowd had been dissipated and police G. E. Lockhart, in charge of the orders were issued to those who reDeGraff Food Company's sweet clomained to get in line if they wanted ver experimental station near Brownstheir money. Printed cards for wearville, told of the selection of the iming hats, bearing the inscription, mediate Brownsville section for clo"My Money stays in this bank! ver seed growing, and described the Don't disgrace Dallas."! appeared adaptability of this section to the and were raken by many persons. growing of this product, the native

2. May 12, 1921 The Morning Tulsa Daily World Tulsa, OK

Article from The Morning Tulsa Daily World, May 12, 1921

Click image to open full size in new tab

Article Text

RUN ON DALLAS BANK FAILS $500,000 Drawn Out and $1,700,000 Deposited. DALLAS, Texas. May 11.-The Security National bank withstood a run today. holding open three hours after 3 D. m., the usual closing time, to accommodate depositors whose confidence had grown shakv because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totalled roughly $1,700,000 and, withdrawals were about $500,000 less than that. It was stated that no large deposita were withdrawn. but taht on the other hand many Dallas business men and firms had increased their deposits or opened new accounts as marks of confidence.

3. May 12, 1921 The New York Herald New York, NY

Article from The New York Herald, May 12, 1921

Click image to open full size in new tab

Article Text

SON OF HETTY GREEN HELPS END RUN ON BANK Deposits $100,000 in Texas Financial Institution. DALLAS, Tex., May 11.-The Security National Bank withstood a run here today, holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of undetermined origin. No exact figures were available to-night, but officers of the bank said deposits to-day totalled roughly $1,700,000 and that withdrawals were about $500,000 less than that. Regarded as probably the most impressive assurance of confidence, were the driving through the crowds of a heavily guarded Federal Reserve Bank truck with a huge sack of currency. which immediately was opened inside the bank, and later a speech by E. H. R. Green of New York and Terrell, Tex., and his depositing of $100,000. Mr. Green is the son of the late Mrs. Hetty Green.

4. May 12, 1921 Arizona Republican Phoenix, AZ

Article from Arizona Republican, May 12, 1921

Click image to open full size in new tab

Article Text

RUMOR STARTS RUN ON DALLAS NATIONAL BANK [Republican A. P. Leased Wire] DALLAS, Texas, May 11.-The Security National bank withstood a run today, holding open three hours after the usual closing time to aecommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totalled roughly $1,700,000, and that withdrawals were about $500.000 less than that. It was stated that no 'large deposits were withdrawn, but that on the other hand many Dallas business men and firms ad increased their deposits or opened new accounts. When the bank opened today a few depositors, mostly with small accounts, were lined up. By noon hundreds of persons jammed the bank and filled the streets. Various business men climbed on desks and boxes and made optimistic speeches, which with statements of confidence from the Dallas Clearing House association and the eleventh district federal reserve bank did much to bring order. Regarded as probably the most impressive assurances were the driving through the crowd of a heavily guarded federal reserve bank truck with a huge sack of currency, which immediately was opened inside the bank, and a speech by E. H. R. Green of Terrell, Texas, and his depositing of $100,000. Another bank also deposited $100,000. Tonight it was said a grand jury investigation probably will be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.

5. May 12, 1921 Bisbee Daily Review Bisbee, AZ

Article from Bisbee Daily Review, May 12, 1921

Click image to open full size in new tab

Article Text

RUN ON DALLAS BANK WITHSTOOD Institution Survives Withdrawals Of Over Million; Rumors Are Probed DALLAS, Tex., May 11.-The Security National Bank withstood a run today, holding open three hours after the usual closing time, to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totaled roughly $1,700,000 and that withdrawals were about $500,000 less than that. When the bank opened today a few depositors. mostly with small accounts were lined up. By noon hundreds of persons jammed the bank and filled the streets. Various business men climbed on desks, counters and boxes and made ontimistic sneeches. which with statements of confidence from the Dallas Clearing House Association and the Eleventh District Federal Reserve Bank. didmuch to bring order. Regarded as probably the most impressive assurances were the driving through the crowds of a heavily guarded federal reserve bank truck with a huge sack of currency which immediately was opened inside the bank. and a speech by E. H. R. Green, of Terrell. Texas. and his depositing of $100.000. Another bank also deposit. ed $100.000. Tonight it was said a grand jury investigation probably would be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.

6. May 12, 1921 Brownsville Herald Brownsville, TX

Article from Brownsville Herald, May 12, 1921

Click image to open full size in new tab

Article Text

DALLAS BANK WITHSTANDS RUMOR PANIC Deposits At End Of Day Half Million Over Withdrawals DALLAS, Texas, May 12.-The So. curity National bank withstood a run yesterday, holding open three hours after 3.p. m., the usual closing time. to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available last night. but officers of the bank said deposits for the day totaled roughly $1.700 000 and withdrawals were about $500,000 less than that. It was stated that no large deposits were withdrawn. but that on the other hand many Dallas business men and firms had increased their deposits or opened new accounts as marks of confidence. When the bank opened its doors in the morning a few depositors, mostly with small accounts to their credit or with savings account books in their hands, were lined up. The crowd increased tintil at the noon hour hundreds of persons jammed the bank and filled the streets about the building. Various Dallas business men climbed on desks. counters and boxes and made optimistic speeches, which. with statements of confidence from the Dallas Clearing House association and the Eleventh district federal reserve bank. did much to bring order. Regarded as probably the most impressive assurances were the driving through the crowds of a heavily guarded federal reserve bank truck with a hugs sack of currency. which immediately was opened inside the bank. and later a speech by E. H. R. Green of New York and Terrell. Tex. as and his depositing of $100,000. Another bank also deposited $100,000 with the Security National bank. Judge W. F. Ramsey, chairman of the board of the Eleventh district federal reserve bank. made a speech and said there was no basis for the rumor which brought the crowd and that "there are $30,000,000 in the vaults of the federal reserve bank in Dallas, and every dollar of it is behind the Security National bank." It was said today that a grand jury investigation probably would be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.

7. May 12, 1921 Abilene Weekly Reflector Abilene, KS

Article from Abilene Weekly Reflector, May 12, 1921

Click image to open full size in new tab

Article Text

STOPPED THIS BANK RUN (Associated Press) Dallas. Tex., May 11.-A hundred persons started a run on the Security National bank here this mornIng when rumors spread that the bank's finances were endangered was dispersed when the banks composing the Dallas Clearing House association and the district Federal Reserve bank issued statements of confidence and pledged assistance.

8. May 12, 1921 New-York Tribune New York, NY

Article from New-York Tribune, May 12, 1921

Click image to open full size in new tab

Article Text

Texas Bank Meets Run; Col. Green Extends Aid Deposits $100,000 and Reserve Truck Drives Through Crowd With Sack of Currency DALLAS, Tex., May 11. - The Security National Bank withstood a run here to-day, holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available to-night, but officers of the bank said deposits to-day totaled roughly $1,700,000 and that withdrawals were about $500,000 less than that. It was stated that no large deposits were withdrawn, but that on the other hand many Dallas business men had increased their deposits or opened new accounts as marks of confidence. Regarded as probably the most impressive assurance of confidence was the driving through the crowds of a heavily guarded Federal Reserve Bank truck with a huge sack of currency, which immediately was opened inside the bank, and later a speech by Colonel E. H. R. Green, of New York and Terrell, Tex., and his depositing of $100 000.

9. May 13, 1921 Albuquerque Morning Journal Albuquerque, NM

Article from Albuquerque Morning Journal, May 13, 1921

Click image to open full size in new tab

Article Text

BANK IN TEXAS STANDS OFF A SIX-HOUR RUN Dallas Business Men Come to its Rescue, And Day's Deposits Greatly Exceed Withdrawals (By The Associated Press.) Dallas, Tex., May 11.-The Security National bank withstood a run today. holding open three hours after the usual closing time to accommodate depositors whose confidence haa grown shaky because of rumors of unknown origin. No exact figures were available tonight but officers of the bank said deposits today totaled roughly $1,700,000 and that withdrawals were about $500,000 less than that. It was stated that no large deposits were withdrawn but that on the other hand, many Dallas business men and firms had increased their deposits or opened new accounts. When the bank opened today a few depositors, mostly with small accounts, were lined up. By noon hundreds of persons jammed the bank and filled the streets. Various business men climbed on desks counters and boxes and made optimistic speeches, which with statements of confidence from the Dallas Clearing House association and the eleventh district federal reserve bank, did much to bring order. Regarded as probably the most impressive assurances were the driving through the crowds of a heavily guarded federal reserve bank truck with a huge sack of currency which immediately was opened inside the bank, and a speech by E. H. R. Green of Terrell, Tex., and his depositing of $100,000. Another bank also deposited $100,000. Tonight it was said a grand jury investigation probably will be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.

10. May 13, 1921 Amarillo Daily News Amarillo, TX

Article from Amarillo Daily News, May 13, 1921

Click image to open full size in new tab

Article Text

Dallas Bank Normal Again. By Associated Press. DALLAS May 13.-Buslaess had vir. tually returned to normal today at theSecurity National Bank which was the victim of a "run" yesterday. Assurances from other banks and business institutions of the city that the bank full backing served to restore confidence in its selveney. and many persons who withdrew accounts during the Clurry. redeposited their funds today. ORIGIN received tele grams from thing parts of the country, offering congratulations on the manner it which the bank had with. stood the ordeal.