636. Phoenix Savings Bank & Trust Company (Phoenix, AZ)

Bank Information

Episode Type
Run Only
Bank Type
trust
Start Date
March 31, 1921
Location
Phoenix, Arizona (33.448, -112.074)

Metadata

Model
gpt-5-mini
Short Digest
720a1f9c120dc037

Response Measures

None

Description

Newspapers (Apr 1, 1921) describe a brief run on Phoenix banks that passed by noon and banks remained open. Cause attributed to circulating rumors of weakness; the bank was 'filled' at opening and confidence restored. Date of run inferred as 1921-03-31 (article says 'yesterday').

Events (1)

1. March 31, 1921 Run
Cause
Rumor Or Misinformation
Cause Details
Circulating rumors of weakness of some smaller banks in the city and vicinity led depositors to rush banks; crowd included many continuing the prior afternoon's run.
Measures
Public expressions of confidence; mass meeting at Chamber of Commerce encouraged deposits; banks received large deposits and remained open.
Newspaper Excerpt
The tip of the tail end of the bank run passed yesterday a little before noon... The Phoenix Savings Bank and Trust company were quickly filled.
Source
newspapers

Newspaper Articles (2)

Article from The Coconino Sun, April 1, 1921

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Article Text

BANK RUSHERS SHAMED WHEN THEY FAIL TO BUST BANKS AT PHOENIX The tip of the tail end of the bank run passed yesterday a little before noon with a slight flicking, and after that all trace of the insanity of the day before vanished, leaving a feeling of greater confidence in Phoenix than had prevailed since the first rumors of the weakness of some of the smaller banks of the city and vicinity were circulated several weeks ago. It was demonstrated to the satisfaction of even the fearful that the banks now doing business are unbreakable. At the hour of opening, The National Bank of Arizona, The Valley Bank, The Phoenix National and The Phoenix Savings Bank and Trust company were quickly filled. The throng was composed in part of a large number of business men who had come to make deposits, in accordance with the spirit of the mass meeting at the Chamber of Commerce the night before. But in the crowd were many who had come to continue the run of the afternoon before, and those of the latter class could be distinguished by the shamefacedness with which they entered the doors.-Phoenix Republican.


Article from The Holbrook News, April 1, 1921

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Article Text

BANK RUSHERS SHAMED WHEN THEY FAIL TO BUST BANKS AT PHOENIX The tip of the tail end of the bank run passed yesterday a little before noon with a slight flicking, and after that all trace of the insanity of the day before vanished, leaving a feeling of greater confidence in Phoenix than had prevailed since the first rumors of the weakness of some of the smaller banks of the city and vicinity were circulated several weeks ago. It was demonstrated to the satisfaction of even the fearful that the banks now doing business are unbreakable. At the hour of opening, The National Bank of Arizona, The Valley Bank, The Phoenix National and The Phoenix Savings Bank and Trust company were quickly filled. The throng was composed in part of a large number of business men who had come to make deposits, in accordance with the spirit of the mass meeting at the Chamber of Commerce the night before. But in the crowd were many who had come to continue the run of the afternoon before, and those of the latter class could be distinguished by the shamefacedness with which they entered the doors.-Phoenix Republican.