Article Text
RUN ON A BANK. Fort Wayne, Ind.. June 28.-A heavy run on the First National Bank here caus ed great excitement in business circles to-day. All demands were promptly paid.
5654. First National Bank (Fort Wayne, IN)
Bank Information
- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
- 11
- Charter Number
- 2701
- Start Date
- June 28, 1897
- Location
- Fort Wayne, Indiana (41.131, -85.129)
Metadata
- Model
- gpt-5-mini
- Short Digest
1f6614c7
Response Measures
Accommodated withdrawals
Description
A brief run occurred on June 28, 1897 tied to troubles at a local brass foundry and machine works. The bank paid all demands, declined outside assistance, and remained open; no suspension or receivership mentioned.
Events (5)
1.
June 22, 1863
Chartered
- Source
- historical_nic
2.
May 22, 1882
Chartered
- Source
- historical_nic
3.
June 28, 1897
Run
- Cause
- Local Shock
- Cause Details
- Run was triggered by complications in the affairs of a local brass foundry and machine works, prompting withdrawals by small depositors.
- Measures
- All demands were promptly paid; the bank declined offered assistance from other banks; some frightened depositors returned funds; other banks offered to cash certificates of deposit for First National customers.
- Newspaper Excerpt
- The run commenced at 9 o'clock and lasted two hours and was confined to small depositors, and at no time did the run assume anything like a serious aspect.
- Source
- newspapers
4.
September 29, 1931
Voluntary Liquidation
- Source
- historical_nic
5.
June 22, 1934
Receivership
- Source
- historical_nic
Newspaper Articles (2)
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Article Text
BRIEF RUN ON A BANK. Fort Wayne First National Not Embarrassed by Withdrawals. Special to the Indianapolis Journal. FORT WAYNE, Ind., June 28.-The anticipated run on the First National Bank to-day, due to the complications in the affairs of the brass foundry and machine works, did not amount to much and at no time was the bank crowded. The run commenced at 9 o'clock and lasted two hours and was confined to small depositors, and at no time did the run assume anything like a serious aspect. More cash was deposited during the run than was taken out. The First National had offers of assistance from many sources, including the other banks, which were declined. The White National Bank announced early in the day that it would cash all certificates of deposit of the First National if the holders were delayed by others ahead of them at the windows. This afternoon many of the frightened depositors returned their money and the bank has proven its stability.