Merchants National Bank (Dunkirk, NY)

View Charter #2619 on SPMC View balance sheet

Episode Information

Episode UID
261901465
Episode Type
Run Only
Bank Type
national
Bank ID
26190 national
Charter Number
2619
Start Date
January 23, 1922
Location
Dunkirk, New York (42.480, -79.334)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6cc6782e98fdad13

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Public signal of financial health

Events (3)
1. January 23, 1882 Chartered
Source
historical_nic
2. January 23, 1922 Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded rumors prompted mainly smaller/foreign depositors to withdraw; withdrawals were paid and confidence restored when Marine Trust Co. sent $320,000.
Measures
Paid withdrawals in full; Marine Trust Company of Buffalo sent $320,000 to reassure depositors.
Newspaper Excerpt
A run was made today on the Merchants' National bank, due to unfounded rumors.
Source
newspapers
3. June 29, 1946 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. January 24, 1922 Albuquerque Morning Journal Albuquerque, NM
Article from Albuquerque Morning Journal, January 24, 1922

Click image to open full size in new tab

Article Text

UNFOUNDED RUMORS START RUN ON BANK (By The Associated Press.) Dunkirk, N. Y., Jan 23.-A run was made today on the Merchants' National bank, due to unfounded rumors. Virtually all the accounts withdrawn were those of foreigners, the smaller depositors. Every depositor who asked for his money was paid all. The Marine Trust company, of Buffalo, sent $320,000 here. At the sight of the large pile of money many of the depositors who had withdrawn their money re-deposited it. The Merchants' National bank is a member of the federal reserve.

2. January 24, 1922 Bisbee Daily Review Bisbee, AZ
Article from Bisbee Daily Review, January 24, 1922

Click image to open full size in new tab

Article Text

Run Made on Bank Following Rumors That Prove False DUNKIRK, N. Y., Jan. 23.-A run was made today on the Merchants National Bank due to unfounded rumors. Virtually all the accounts withdrawn were those of foreigners, the smaller depositors. Every depositor who asked for his money was paid all. The Marine Trust Company of Buffalo, sent $320,000 here. At the sight of the large pile of money, many of the depositors who had withdrawn their money re-deposited it. The Merchants National Bank is a member of the federal reserve.