3907. Lawndale National Bank (Chicago, IL)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
10247
Charter Number
10247
Start Date
June 11, 1931
Location
Chicago, Illinois (41.850, -87.650)

Metadata

Model
gpt-5-mini
Short Digest
28a3dad5f342eb36

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Multiple contemporaneous wire stories (June 11โ€“12, 1931) report a hurried run on the Lawndale National Bank in Chicago that Mayor Anton Cermak quelled by personally rushing to reassure depositors. No suspension, receivership, or reopening is mentioned in the articles. OCR errors corrected (e.g., 'Lawndale Na. tional bank' โ†’ Lawndale National Bank).

Events (2)

1. August 26, 1912 Chartered
Source
historical_nic
2. June 11, 1931 Run
Cause
Macro News
Cause Details
General 'banking situation' panic in Chicago prompted depositors to withdraw funds; no specific rumor or bank-specific insolvency reported.
Measures
Mayor Anton J. Cermak personally rushed to the bank and spoke to depositors, which halted the run.
Newspaper Excerpt
The telephone rang. Depositors, the message said, were withdrawing their accounts from the Lawndale National bank... The mayor rushed the bank to reassure depositors and halt the run.
Source
newspapers

Newspaper Articles (6)

Article from Hickory Daily Record, June 11, 1931

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Article Text

(Continued on Page HALTS RUN ON BANK CHICAGO. June The banking situation made the mayor pointment Chicago break an with the ambassador Great Britain today. Anton Cermak awaited Mayor in office visit from Ambassador Charles Dawes, former vice president. The telephone rang. Depositors, the message said, withdrawing their counts from the Lawndale Na. tional bank, in which the director. The mayor ried the bank, reassured positors halted


Article from The Daily Times, June 11, 1931

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Article Text

DATE WITH DAWES; CHICAGO, June ated Press) The banking situation made the mayor of Chicago break an appointment with the ambassador to England today. Mayor Anton J. Cermak awaited his office visit from Gen. Charles G. Dawes, former vice president. The telephone rang. Depositors, the message said, were withdrawtheir the Lawndale National bank, in which the mayor is director. A hurry-up run to the bank and the mayor's talk to the depositors halted the returned to his office to find Dawes had gone. "I'll come again," Dawes told the mayor's secretary. came only to pay my respects." The State Bank of Beverly Hills Bank, on the south side of the city was closed today by the state auditor, at the request of the board directors. Deposits amounted $900,000. The closing brought 26 the number of banks whose doors were locked during the past week.


Article from The Rock Island Argus, June 11, 1931

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Article Text

by Chicago Mayor Chicago, Associated banking situamade the mayor of Chicago break with the England Mayor Anton Cermak awaited his office visit from General Charles former vice president. The telephone Depositors, message said, their from the LawnNational bank, in which the director. run the bank and mayor's talk the depositors halted the he his office to find Dawes had gone. come Dawes told the came only The State Bank of Beverly Hills, on the south side of the city closed today by the state auditor the request the board of directors. Deposits amounted to $900,000. the Garfield State bank, west side bank that had deposits at the last call, was closed request of its board directors. 27th outlying bank close this Several of the institutions closed earlier the started plans for today and offihoped to have them reopened soon.


Article from The Peninsula Times Tribune, June 11, 1931

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Article Text

RUN ON BANK MAKES MAYOR DODGE DAWES June banking situation made the mayor Chicago break an appointment with the from Great Britain Mayor Anton Cermak awaited in his office Ambassador Charles Dawes, former vice president. The rang. Depositors, the message said, withdrawfrom the Lawndale National Bank which the mayor director. The mayor rushed the bank to reassure depositors and halt the run. But he returnDawes come and gone. "I'll come again,' the bassador said. came only pay my respects."


Article from Redwood City Tribune, June 11, 1931

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Article Text

RUN ON BANK MAKES MAYOR DODGE DAWES CHICAGO, June 11 banking situation made the mayor Chicago break an appointment with the from Great Britain today. Mayor Anton Cermak awaited in his office from Ambassador Charles Dawes, former vice president. The telephone rang. Depositors, the message said, withdrawaccounts from the Lawndale National Bank which the mayor director. The mayor rushed the bank to reassure depositors and halt the run. But he returnto find Dawes had come and come again," the bassador said. came only to pay my respects."


Article from Lincoln Journal Star, June 12, 1931

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Article Text

APPOINTMENT IS BROKEN Banking Situation Prevents Meeting of Dawes and Mayor Cermak. CHICAGO. (A). The banking situation made the mayor of Chicago break an appointment with the ambassador to England. Mayor J. Cermak awaited in his office a visit from General Dawes. The telephone rang. Depositors, the message said, were withdrawing their accounts from the Lawndale National bank, in which the mayor is director. A hurryup run to the bank and the mayor's talk to the depositors halted the run-but he returned to his office to find Dawes had come and gone. "T'll come again," Dawes told the mayor's secretary. came only to pay my respects."