Vineland National Bank & Trust Company (Vineland, NJ)

View Charter #2918 on SPMC View balance sheet

Episode Information

Episode Type
Run Only
Start Date
December 14, 1930
Location
Vineland, New Jersey (39.486, -75.026)
Bank Type
national
Charter Number
2918
Canonical name
Vineland National Bank
Alt. names
Vineland National Bank & Trust Company

Metadata

Episode ID
Bank ID
City ID
340881466
Model
gpt-5-mini
Short Digest

Response Measures

Accommodated withdrawals, Fed/other loan, Public signal of financial health

Notes

OCR errors in articles; dates taken from publication lines.

Events (3)
1. April 9, 1883 Chartered
Source
historical_nic
2. December 14, 1930 Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded rumors spread among depositors triggered heavy withdrawals.
Measures
Federal Reserve Bank of Philadelphia sent $100,000 to the bank to meet depositors; bank officers paid depositors without requiring usual notice.
Newspaper Excerpt
rumors were spread among depositors. About 75 depositors ... started run on Vineland National Bank and Trust Company
Source
newspapers
3. December 16, 1930 Other
Newspaper Excerpt
No Depositors of Vineland National Bank Are Ask[ing] for Their Money. USUAL BUSINESS AGAIN ... the run then diminished ... more money deposited yesterday than taken.
Source
newspapers

Newspaper Articles (2)
1. December 14, 1930 The Times Trenton, NJ
Article from The Times, December 14, 1930

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Article Text

RUMOR STARTS RUN ON VINELAND BANK TRENTON LODGEMEN AT SHORE TONIGHT More than hundred members of Royal Oak No. Lodge No attend the Long M Third and Avenues, Long Branch, tonight The Rev. William R. Blackman. pastor of the church and grand chaplain the Grand Lodge Jersey, will preach. Herbert Nichol Royal and Mercer the musical program. Press) the George *VINELAND Dec. small Glee Club Christmas carols started Vineland Na. tional Bank and Trust Company Odd Fellows' East State what officials declared o'clock this afternoon. rumors were spread among depositors. About 75 depositors mostly of the STORE IS RAIDED foreign town, Federal Reserve Philadelphia sent $100,000 to Police last night raided the store the meet Joseph Natale, order depositors and seized quantity of Natale arrested sale and was no will be arraigned suspended the police court tomorrow afternoon. to and paid depositors tain their money without requiring them give the usual notice Guy president of the STEP OUT said it would reopen as usual Monday

2. December 16, 1930 The Millville Daily Millville, NJ
Article from The Millville Daily, December 16, 1930

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Article Text

BREAK BACK No Depositors of Vineland National Bank Are Askfor Their Money. USUAL BUSINESS AGAIN dents, who had entire confidence Vineland National Bank, are gratulating Edgar Ale, cashier of the bank, and other officials and directwho have watched the progress alarming run the bank that be on Friday small way until day afternoon. The run then diminished until there were only few manding their money actually more money deposited yesterday than taken number depositors withdrew their money and placed safety deposit boxes in the bank until the scare was when will turned to the time of Most of the people who were ones who lost withdrew Trust Company and had taker the their funds to the National Bank, practically all of the old depositors were staunch in their support. that the Vineland National The fact Bank has half million assets which to do busness after every Reserve Bank of Philadelphia by caused strong wave standing bank is now offering confidence. The those who their mone) interraption of that there will no The Vineland merchants interest. profited more less the run. withdrawn has an uncanny money be. and no demanding to way its into the doubt cash found way merchants that would the mained unspent the run on the bank that which shows had not wind but blows some"there is no ill body