6217. Citizens Trust & Savings Bank (Princeton, IN)

Bank Information

Episode Type
Run Only
Bank Type
savings bank
Start Date
October 7, 1906
Location
Princeton, Indiana (38.355, -87.568)

Metadata

Model
gpt-5-mini
Short Digest
da2bb287

Response Measures

Accommodated withdrawals

Description

Articles (Oct 7–11, 1906) report a sensational run triggered by a false street rumor. Depositors were reassured and replaced their money; no suspension or closure mentioned.

Events (1)
1. October 7, 1906 Run
Cause
Rumor Or Misinformation
Cause Details
A false street rumor claimed the bank was in an unstable condition; officials said the rumor was entirely false.
Random Run
Yes
Random Run Snippet
Rumor claimed bank was unstable; rumor was false and corrected
Measures
Bank officials reassured depositors; sufficient funds on hand; depositors replaced their money.
Newspaper Excerpt
Depositors of the Citizens' Trust and Savings Bank in this city made a sensational run on the bank Saturday as a result of a rumor on the streets that the bank was in an unstable condition. After a time the excitement quieted down and after being assured that the rumor was false the depositors replaced their money in the hands of the bank.
Source
newspapers

Newspaper Articles (2)
1. October 8, 1906 The Richmond Palladium Richmond, IN
Article from The Richmond Palladium, October 8, 1906

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Article Text

RUN ON AN INDIANA BANK DUE TO A FALSE REPORT Depositors Upon Finding Rumors Untrue, Replaced Their SavingsDoubt as the Origin of the Trouble. Princeton, Ind., Oct. 7. (Spl.)Depositors of the Citizens' Trust and Savings Bank in this city made a sensational run on the bank Saturday as a result of a rumor on the streets that the bank was in an unstable condition. After a time the excitement quieted down and after being assured that the rumor was false the depositors replaced their money in the hands of the bank. The rumor was entirely false and the officials of the bank are at a loss to know where it came from. Sufficient funds were on hand to supply the rush of depositors.

2. October 11, 1906 The Plymouth Tribune Plymouth, IN
Article from The Plymouth Tribune, October 11, 1906

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Article Text

Sensational Run on Princeton Bank. Depositors of the Citizens' Trust and Savings Bank at Princeton, Ind., made a sensational run on the bank as a result of a rumor on the streets that the bank was in an unstable condition. After a time the excitement quieted down and after being assured that the rumor was false the depositors replaced their money in the hands of the bank. The rumor was entirely false and the officials of the bank are at a loss to know where it came from. Sufficient funds were on hand to supply the rush of depositors.