Moline Trust & Savings Bank

Bank Information

Episode Type: Run Only
Bank Type: trust
Start Date: October 1, 1907*
Location: Moline, Illinois (41.507, -90.515)

Metadata

Model: gpt-5-mini
Short Digest: 4200342b62b2fe95

Response Measures

None

Description

Article describes deposit declines and withdrawals exceeding deposits during the financial panic of October 1907 and through 1908, but does not report a suspension or closure. Treat as a run-like episode driven by the 1907 panic (macro shock); bank remained operating in 1909.

Events (1)

1. October 1, 1907* Run

Cause: Macro News
Cause Details: Withdrawals exceeded deposits following the financial panic of October 1907 (national financial panic), causing decline in deposits through 1908.
Newspaper Excerpt: Increases continued until the financial panic of October, 1907, and during the balance of that year and all of 1908 there was a falling off, withdrawals exceeding deposits.
Source: newspapers

Newspaper Articles (1)

1. April 22, 1909 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, April 22, 1909

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Article Text

which the children are permitted 10 deposit their saved pennies every week in the Moline Trust and Savings bank was inaugurated in 1906. The total amount of deposits swelled quickly, reaching $6,800 by February, 1907. Increases continued until the financial panic of October, 1907, and during the balance of that year and all of 1908 there was a falling off, withdrawals exceeding deposits. By February, 1908, the total of deposits had sunk '0 $6,500 and by February last to $6,200. Since the first of this year, however, the tide has turned and deposits have consistently exceeded withdrawals. This has stimulated the children and their teachers to get a goal of a $10,000 total to be attained by February, 1910.