7414. United States National Bank (Owensboro, KY)

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
9456
Charter Number
9456
Start Date
May 1, 1920
Location
Owensboro, Kentucky (37.774, -87.113)

Metadata

Model
gpt-5-mini
Short Digest
9cd8a658

Response Measures

Accommodated withdrawals

Description

A slow run over about two weeks led mainly small depositors to withdraw funds. The bank paid accounts in full and announced it would open for business as usual, so there was a run but no suspension or closure.

Events (3)

1. June 21, 1909 Chartered
Source
historical_nic
2. May 1, 1920 Run
Cause
Rumor Or Misinformation
Cause Details
Run was attributed to a statement by a man who failed to procure a loan, who told farmers he would draw his money out, prompting small depositors to withdraw.
Measures
Paid all accounts in full; announced it would open for business as usual (resumption of operations).
Newspaper Excerpt
The United States National Bank of this city, on which a slow run began about two weeks ago, announced today ... All accounts are being paid in full.
Source
newspapers
3. June 23, 1921 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from Evening Star, May 2, 1920

Click image to open full size in new tab

Article Text

ACCOUNTS PAID IN FULL. "Slow Run" Fails to Affect Owensboro, Ky,, Bank. OWENSBORO, Ky., May 1.-The United States National Bank of this city, on which a slow "run" began about two weeks ago, announced today, after a large number of depositors. principally those with small amounts, had withdrawn their money. that it would open for business as usual Monday. The run is said to be the result of a statement made two weeks or more ago by one who had failed to procure a loan. in the presence of a number of farmers on a local tobacco floor. that if he had money in the bank he would draw it out. All accounts are being paid in full.


Article from The Birmingham Age-Herald, May 2, 1920

Click image to open full size in new tab

Article Text

Spot Cotton 40c Good middling 39 1/2 Strict middling 38 1/2c Middling 35 1/2c Strict good middling Banks to ain Open By Associated Press Ownesboro, Ky., May 1.-The United States National Bank of this city, on which a "slow run' began about two weeks ago, announced today after a large number of depositors, principally those with small amounts, had withdrawn their money, that it would open for business as usual Monday. The run is said to be the result of a statement made two weeks or more ago by one who had failed to procure a loan. in the presence of a number of farmers on a local tobacco floor that if he had money in the bank he would draw it out. All ill accounts are bein


Article from Richmond Daily Register, May 5, 1920

Click image to open full size in new tab

Article Text

Hiram Johnson's supporters assert that they will demand a recount of votes in four counties in New Jersey, where in the preferencial primary, General Wood was leading their candidate by a majority of 1,500. ********* One week from tomorrow will be Mothers' Day at the churches throughout the country. May the entire nàtion well observe the day. Mothers' day -get that? ********* Twenty-four boys have escaped from the Kentucky House of Reform at Lexington during the past week, clad only in their underclothing. ********* The United States National bank at Owensboro, upon which a run has been made for about two weeks, especcially by the small depositers, will open again today, ship-shape, it is reported. ********* A petition in Lexington asking that the clocks be moved forward, is being circulated. ********* General Pershing, who is in Panama to inspect the locks, is said to have kissed more than a score of pretty Balboa girls and presented them with a cup, in appreciation of their war work. ********* Col. George Washington Bain, of of Lexington "I believe this Republic is big enough, brave enough, wise enough to settle and to solve every vexing problem that faces us today". ********* President Carranza has been advised to quit and accept a newly elected president, but he steadfastly refuses, and the revolt is reported spreading. ********* As a result of a refusal in the way of an increase in wages, seventeen employes at the Eastern Kentucky hospital, have resigned and the remainder of the force threatens to do likewise. ********* One hundred thousand workmen of Detroit who have been working part time, resumed this morning with full hours for the entire week ********* The G. 0. P. is going to become still better acquainted with Hiram Johnson before he gets through with it. ********* Hurled to the pilot of an engine which demolished his automobile, the