Lenora National Bank - Morehead, KY

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 7593
Charter Number: 7593
Start Date: November 18, 1905
Location: Morehead, Kentucky (38.187, -83.451)

Metadata

Model: gpt-5-mini
Short Digest: eb158bc3

Response Measures

Full suspension

Description

Article (Evening Star, 1905-11-21) reports the Lenora National Bank was closed by directors because of an unavoidable run. A later article (Mount Vernon Signal, 1906-02-16) states the bank recently resumed business after a suspension of several weeks, indicating it reopened. Dates are taken from publication datelines: closure reported as the Saturday before Nov 21, 1905 (1905-11-18) and reopening referenced in Feb 1906 (datelined Feb 13, 1906). Cause of the run is not specified beyond unavoidable run, so classified as other.

Events (5)

1. February 3, 1905 Chartered

Source: historical_nic

2. November 18, 1905 Run

Cause Details: Newspaper states an unavoidable run but gives no specific trigger or rumor; no bank-specific scandal mentioned.
Measures: Directors closed the bank (suspended operations) in response to heavy withdrawals.
Newspaper Excerpt: The Lenora National Bank of Morehead, Ky., was closed Saturday by the directors because of an unavoidable run, as stated by the cashier of the bank in a telegram to the controller of the currency.
Source: newspapers

3. November 18, 1905 Suspension

Cause Details: Bank was closed by directors due to the run; no government action or voluntary liquidation noted.
Newspaper Excerpt: The Lenora National Bank of Morehead, Ky., was closed Saturday by the directors because of an unavoidable run
Source: newspapers

4. February 13, 1906 Reopening

Newspaper Excerpt: the Lenora National bank of Morehead, Rowan county, which recently resumed business after a suspension of several weeks, will merge with the Morehead bank.
Source: newspapers

5. May 9, 1906 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (2)

1. November 21, 1905 Evening Star Washington, DC

Article from Evening Star, November 21, 1905

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Article Text

KENTUCKY BANK CLOSED. The Cashier Reports an Unavoidable Run on the Institution. The Lenora National Bank of Morehead, Ky., was closed Saturday by the directors because of an unavoidable run, as stated by the cashier of the bank in a telegram to the controller of the currency. This bank was organized February 3, 1905, to succeed the Lenora Deposit Bank. W. W. Utterback was president and Luke P. V. Williams was cashier. The following is a statement.of the rèsources and liabilities of the bank, as shown by the last report of condition to the controller, dated August 25, 1905: Resources-Loans and discounts, $47,392,24; overdrafts, $365.96; United States bonds to secure circulation, $6,500; premiums on bonds, $300.63; banking house and furniture and fixtures, $8,231.74; due from banks and bankers, $7,944.36; cash and cash Items, $3,900.02; redemption fund, $325. Total, $74,959.95. Liabilities-Capital stock, $25,000; undivided profits, $635.42; circulation, $6,500: individual deposits, $42,824.58. Total, $74,959.95.

2. February 16, 1906 Mount Vernon Signal Mount Vernon, KY

Article from Mount Vernon Signal, February 16, 1906

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Article Text

Banks Will Merge. Owingsville, Ky., Feb. 13.-It was stated that the Lenora National bank of Morehead, Rowan county, which recently resumed business after a suspension of several weeks, will merge with the Morehead bank.