Lancaster Trust Company (Lancaster, PA)

Episode Information

Episode Type
Run Only
Start Date
March 9, 1926
Location
Lancaster, Pennsylvania (40.038, -76.306)
Bank Type
trust
Routing Number
60-0145

Metadata

Episode ID
Bank ID
City ID
421178842
Model
gpt-5-mini
Short Digest

Events (1)
1. March 9, 1926 Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded rumor spread that the trust had become insolvent, triggering heavy withdrawals
Measures
Directors and local banks offered cash (director circulated $50,000); Federal Reserve/other banks offered/arranged assistance (reported offer of $200,000); public assurances posted
Newspaper Excerpt
Depositors of a Lancaster ... Withdraw Deposits ... The run started after rumor that the trust become insolvent
Source
newspapers

Newspaper Articles (2)
1. March 9, 1926 The Times Leader Wilkes-Barre, PA
Article from The Times Leader, March 9, 1926

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Article Text

START

Depositors of a Lancaster tution Withdraw Deposits

OTHER BANKS COME TO RESCUE

Lancaster, March of the Trust on started lieved night that the run had checked, in their ability meet all demands in the State Legislature and vice or the and another director, the Federal Reserve Bank tonight when the bank opens for Lancaster Trust Co., the larghouse in ported to offered $200,000 for several passed their confidence in the stitution and message were placed in windows in the centre the city. Andrew Rote, director, circuamong the this $50,000 cash, his pocket and assuring get inside that their funds were workers from his plant arrived cash their certificates deposit, Rote sent them back to pay every cent they

The run started after rumor that the trust become insolvent, spread Hoffman declared night that he would be able bandle debts and officials insisted that than $20,000 among their assets.

2. March 9, 1926 The Gazette and Daily York, PA
Article from The Gazette and Daily, March 9, 1926

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Article Text

LANCASTER

Officials Of Union Trust Company Call On Federal Reserve For Aid

BELIEVE RUN IS CHECKED

Lancaster, Mar. the Union company that the fidence their ability Hess, repthe and the institation, another from the federal bank in Philadelphia tonight assurance be when the bank opens tomorrow. The Lancaster Trust company, the largest house this city, reported to use the condition among the Toseveral passed resoluexpressing their confidence in the the institution and placed windows the center

Guarantees Money Andrew director, circuamong the crowd afternoon $50,000 cash his pocket assuring depositors clamoring to get Inside their funds When from his plant arrived cash their certificates of deposit Rote back guarpay cent they lost. The started after that Hoffman, had become spread LanHoffman tonight that he would be to handle his debts and insisted that of Hoffnotes are among assets