National Exchange Bank - Wheeling, WV

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 5164
Charter Number: 5164
Start Date: March 4, 1913
Location: Wheeling, West Virginia (40.064, -80.721)

Metadata

Model: gpt-5-mini
Short Digest: f6362cd3

Response Measures

Accommodated withdrawals

Other: Run caused by public demand for new mint coinage (nickels); not financial panic or rumor.

Description

Article (1913-03-04) describes a large informal 'run' of customers seeking new 1913 five-cent nickels. This is a demand-for-coins event (novelty) rather than a distress run; the bank remained open and simply received a shipment.

Events (2)

1. December 29, 1898 Chartered

Source: historical_nic

2. March 4, 1913 Run

Cause Details: Surge of customers seeking newly issued 1913 five-cent coins (novelty coin demand), not related to bank solvency.
Measures: Received a $200 shipment of new nickels to supply demand.
Newspaper Excerpt: The new five cent piece ... caused a' run on the banks by many hundred persons wishing to secure them. The National Exchange Bank received $200 worth yesterday
Source: newspapers

Newspaper Articles (1)

1. March 4, 1913 The Wheeling Intelligencer Wheeling, WV

Article from The Wheeling Intelligencer, March 4, 1913

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Article Text

NEW NICKELS Five Cent Pieces of the Vintage of 1913 Make Their Appearance in City and Are Much Sought. The new five cent piece has arrived in this city and is already being much circulated, as their attractiveness caused a' run on the banks by many hundred persons wishing to secure them. The National Exchange Bank received $200 worth yesterday and all other banks received shipments. On the front of the new coin is depicted the head of an Indian, with the word "Liberty" and also the date, while on the back of the coin is depieted a bison and the words "United States of America." "E Pluribus Unum" and "Five Cents."