First National Bank - Belleville, IL

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 2154
Charter Number: 2154
Start Date: October 10, 1901
Location: Belleville, Illinois (38.520, -89.984)

Metadata

Model: gpt-5-mini
Short Digest: e46bac6b

Response Measures

Accommodated withdrawals

Description

Multiple syndicated articles (dated Oct 9-10, 1901) report a short-lived run caused by an 'indiscreet remark' (rumor). The president paid depositors and addressed the crowd; many redeposited funds. No suspension or closure is mentioned.

Events (2)

1. June 15, 1874 Chartered

Source: historical_nic

2. October 10, 1901 Run

Cause: Rumor Or Misinformation
Cause Details: An 'indiscreet remark' (wild statement/rumor) prompted depositors to withdraw funds; later pacified by the president's statement.
Random Run: Yes
Random Run Snippet: indiscreet remark (wild statement) caused withdrawals; later pacified
Measures: President paid off all who called and addressed the crowd, reassuring depositors; many redeposited funds.
Newspaper Excerpt: Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. President Andel paid off all who called... The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed.
Source: newspapers

Newspaper Articles (3)

1. October 11, 1901 The Forrest City Times Forrest City, AR

Article from The Forrest City Times, October 11, 1901

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Article Text

DUE TO A WILD STATEMENT. A Run On the First National Bank of Belleville, III., Caused by Indiscreet Remark. St. Louis, Oct. 10.-There was considerable excitement, Tuesday, in Belleville, III., for an hour or more on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others who had not heard of the rumor to hasten to the bank also and draw out their money. President Andel paid off all who called. He then addressed the crowd, and stated that anyone who was not satisfied and did not have confidence in the bank could còme forward and get deposited money. The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed. The First national bank of Belleville is one of the richest institutions in the southern part of the state. It has a capital of $100,000 and a surplus of $300,000. The bank pays taxes on $400,000.

2. October 12, 1901 The Van Buren Press Van Buren, AR

Article from The Van Buren Press, October 12, 1901

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Article Text

DUE TO A WILD STATEMENT. A Run On the First National Bank of Belleville, III., Caused by Indiscreet Remark. St. Louis, Oct. 10.-There was considerable excitement, Tuesday, in Belleville, III., for an hour or more on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others who had not heard of the rumor to hasten to the bank also and draw out their money. President Andel paid off all who called. He then addressed the crowd, and stated that anyone who was not satisfied and did not have confidence in the bank could come forward and get deposited money. The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed. The First national bank of Belleville is one of the richest institutions in the southern part of the state. It has a capital of $100,000 and a surplus of $300,000. The bank pays taxes on $400,000.

3. October 12, 1901 The Grenada Sentinel Grenada, MS

Article from The Grenada Sentinel, October 12, 1901

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Article Text

DUE TO A WILD STATEMENT. A Run On the First National Bank of Belleville, III., Caused by Indiscreet Remark. St. Louis, Oct. 9.-There was considerable excitement, Tuesday, in Belleville, III., for an hour or more on account of a run on the First national bank. Some indiscreet person made a statement which caused a number of depositors to line up and ask for their money. The crowd at the bank caused many others who had not heard of the rumor to hasten to the bank also and draw out their money. President Andel paid off all who called. He then addressed the crowd, and stated that anyone who was not satisfied and did not have confidence in the bank could come forward and get deposited money. The statement pacified the people. A number of the men and women who had drawn out their money redeposited it and the incident closed. The First national bank of Belleville is one of the richest institutions in the southern part of the state. It has a capital of $100,000 and a surplus of $300,000. The bank pays taxes on $400,000.