690. National Bank (Phoenix, AZ)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
3728
Charter Number
3728
Start Date
March 31, 1921
Location
Phoenix, Arizona (33.448, -112.074)

Metadata

Model
gpt-5-mini
Short Digest
696597c6

Response Measures

Accommodated withdrawals

Description

Newspapers describe a bank run in Phoenix that passed by noon and left banks intact. Article names several banks (The National Bank of Arizona, The Phoenix National, Phoenix Savings Bank & Trust). The provided bank name 'National Bank' is ambiguous relative to those names, so bank_name_unsure is set true. Cause attributed to circulating rumors of weakness of smaller banks; no suspension or closure mentioned.

Events (2)

1. June 18, 1887 Chartered
Source
historical_nic
2. March 31, 1921 Run
Cause
Rumor Or Misinformation
Cause Details
Circulating rumors of weakness of some of the smaller banks of the city and vicinity led to the run.
Measures
Banks were 'quickly filled' at opening with many business men making deposits following a mass meeting at the Chamber of Commerce; public confidence bolstered.
Newspaper Excerpt
The tip of the tail end of the bank run passed yesterday a little before noon... it was demonstrated ... that the banks now doing business are unbreakable.
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.