Maine Savings Bank (Portland, ME)

Episode Information

Episode UID
52001071200
Episode Type
Run Only
Bank Type
savings
Bank ID
5200107 routing
Routing Number
52-0010
Start Date
December 23, 1899
Location
Portland, Maine (43.661, -70.255)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9d7478caf218b939

Response Measures

None

Description

Articles focus on a run centered on Portland Savings Bank but explicitly report withdrawals from Maine Savings Bank.

Events (1)
1. December 23, 1899 Run
Cause
Rumor Or Misinformation
Cause Details
Mild, likely rumor-driven 'excitement' causing out-of-town depositors to withdraw small savings; no bank-specific insolvency reported.
Measures
Bank drew $50,000 in bills from Boston to meet withdrawals.
Newspaper Excerpt
about $15,000 was drawn from the Maine Savings bank
Source
newspapers

Newspaper Articles (3)
1. December 23, 1899 The Providence News Providence, RI
Article from The Providence News, December 23, 1899

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Article Text

RUN ON PORTLAND SAVINGS BANK CONTINUED TODAY. Portland, Me., Dec. 23.-The run on the Portland Savings bank continues today in a mild form. A few out-oftown depositors are drawing out their $100, but otherwise than this the situation is much quieter. The bank received this morning from Boston $50.000 in bills and with this amount they will be able to meet all demands. The affairs of the bank are in good shape. and it is expected the excitement will soon cool down. The excitement of yesterday extended to some of the other institutions and about $15,000 was drawn from the Maine Savings bank. It is estimated that about $45,000 was taken from the Portland Savings bank during the run.

2. December 24, 1899 New-York Tribune New York, NY
Article from New-York Tribune, December 24, 1899

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Article Text

Portland, Me., Dec. 23.-The - run on the Portland Savings Bank, which began yesterday, continued to-day in a mild form, H few out of town depositors having decided to draw out their savings. Aside from this the situation was much quieter. The bank received $50,000 in bills from Boston to-day and with this amount it was believed all demands could be met. The affairs of the bank are in good shape, and it is expected that the excitement will soon subside. The excitement of yesterday extended to some of the other financial institutions and about $15,000 was drawn from the Maine Savings Bank.

3. December 25, 1899 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, December 25, 1899

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Article Text

COMING TO SENSES. The Foolish Run on Rortland Savings Bank Is About Over. Portland, Me., Dec. 24.-The run on the Portland Savings Bank continued, Saturday, in a mild form. A few outof-town depositors are drawing out their $100, but otherwise than this the situation is much quieter. The company received, Saturday morning, from Boston. $50,000 in bills, and with this amount they will be able to meet all demands. The affairs of the bank are in good shape, and it is expected that the excitement will soon cool down. Excitement of Friday extended to some of the other institutions, and about $15,000 was drawn from the Maine Savings Bank. It is estimated that about $45,000 was taken from the Portland Savings Bank during the run.