Second National Bank (Akron, OH)

Episode Information

Episode Type
Run Only
Start Date
June 20, 1905
Location
Akron, Ohio (41.081, -81.519)
Bank Type
national
Charter Number
40

Metadata

Response Measures

Accommodated withdrawals, Public signal of financial health

Events (3)

1. July 28, 1863 Chartered
Source
historical_nic
2. June 20, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
A depositor saw a bank official's daughter withdraw funds, triggering a rumor that something was wrong; subsequent show of reserves reassured depositors.
Random Run
Yes
Random Run Snippet
Daughter withdrew deposits; rumor started, later shown unfounded
Measures
Bank paid withdrawals without hesitation and displayed its reserves/strength to reassure depositors.
Newspaper Excerpt
One of the depositors saw the daughter of an official of the bank withdraw her deposits, and from this the rumor started that something was wrong.
Source
newspapers
3. March 18, 1911 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (11)

Article from The News-Herald, August 25, 1904

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Article Text

To Buy the Assets

Akron, O., Aug. 20.-Geo D. Bates, cashier of the Second national bank, offered the receivers of the defunct institution $300,000 for the assets of the bank, including bills, notes and overdrafts. The proposition was filed.


Article from The Topeka State Journal, June 20, 1905

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Article Text

Bank Run Comes to an End. Akron, O., June 20.-Practically no run on the Second National bank followed yesterday's scare. Only 75 persons called for their savings today, the large amount of money and the strength of the bank's resources as shown yesterday satisfying the majority of depositors.


Article from Perth Amboy Evening News, June 20, 1905

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Article Text

Run on Akron Bank

AKRON, O., June 20.-There is considerable excitement here over the coninued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of in official of the bank withdraw her leposits, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday.


Article from Evening Star, June 20, 1905

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Article Text

No Run on Akron Bank

AKRON, Ohio, June 20.-Practically no run on the Second National Bank followed yesterday's scare. Only about seventy-five persons called for their savings today, the large amount of money and the strength of the bank's resources, as shown yesterday, satisfying the large number of depositors.


Article from The Bennington Evening Banner, June 20, 1905

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Article Text

Run on Akron Bank

AKRON, O., June 20.-There is considerable excitement here over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of an official of the bank withdraw her deposits, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday.


Article from Waterbury Evening Democrat, June 20, 1905

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Article Text

Ren on Ikron Bank

AKRON. O., June 20.-There is considerable excitement here over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of in official of the bank withdraw her deposits, and from this the rumor start ed that something was wrong. A total of $500,000 has been withdrawn since Saturday.


Article from Los Angeles Herald, June 21, 1905

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Article Text

AKRON BANK DEPOSITORS SATISFIED WITH SHOWING By Associated Press. AKRON, Ohio, June 20.-Practically no run on the Second National bank followed yesterday's scare. Only seventy-five persons called for their savings today, the large amount of money and the strength of the bank's reserve as shown yesterday satisfying the majority of the depositors.


Article from The San Francisco Call, June 21, 1905

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Article Text

AKRON, Ohio, June 20.-Practically no run on the Second National Bank followed yesterday's scare. Only seventy-five persons called for their savings to-day, the large amount of money and the strength of the bank's reserve, as shown yesterday, satisfying the majority of depositors.


Article from The Stark County Democrat, June 23, 1905

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Article Text

Bank Run Ends

The run on the Second National bank, of Akron, which caused so much excitement on Monday, is all over, and the bank has demonstrated that it is as sound as any financial institution can be.


Article from Watertown Republican, August 2, 1905

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Article Text

Girl Causes Bank Run

One of the depositors of the Second National bank of Akron, O., saw a daughter of a bank official draw out her money, and a run was started that continued until the closing hour for the day came, in which time $500,000 had been withdrawn. The officials are paying without hesitation. The bank has a surplus of $40,000 and a capital of $350,000.


Article from The Manitowoc Pilot, August 3, 1905

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Article Text

Girl Causes Bank Run

One of the depositors of the Second National bank of Akron, O., saw a daughter of a bank official draw out her money, and R run was started that continued until the closing hour for the day came. in which time $500,000 had been withdrawn. The officials are paying without hesitation. The bank has a surplus of $40,000 and a capital of $350,000.