Security Savings Bank - La Crosse, WI

Episode Information

Episode UID: 79003371480
Episode Type: Run Only
Bank Type: savings
Bank ID: 7900337 routing
Routing Number: 79-0033
Start Date: April 10, 1923
Location: La Crosse, Wisconsin (43.801, -91.240)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 5037d1fb11f82076

Response Measures

None

Description

Run caused by false robbery rumors reportedly originating from testing a burglar alarm; date inferred from article publication.

Events (1)

1. April 10, 1923 Run

Cause: Rumor Or Misinformation
Cause Details: False rumors that the bank had been robbed, believed to have originated from testing of a burglar alarm.
Random Run: Yes
Random Run Snippet: False rumors bank robbed; originated from testing of burglar alarm
Measures: Bank paid out large withdrawals; held more than $500,000 in vaults and was prepared (reported condition).
Newspaper Excerpt: The run was said to have resulted from rumors that the bank had been robbed. Within three hours last night $300,000 was paid out.
Source: newspapers

Newspaper Articles (1)

1. April 11, 1923 The La Crosse Tribune La Crosse, WI

Article from The La Crosse Tribune, April 11, 1923

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Article Text

draw their money as a result of false rumors, greatly diminished and the bank was fully prepared. More than $500,000 in currency was reported in the bank's vaults. The run was said to have resulted from rumors that the bank had been robbed. These are believed to have originated from the testing of a burglar alarm. Within three hours last night $300,000 was paid out. Radium rays will change yellowish diamonds of small values into emerald-tinted gems. (OFFICIAL PUBLICATION) Report of the condition of the Security Savings Bank, located at La Crosse, State of Wisconsin, at the close of business on the 3rd day of April, 1923, pursuant to call by the Commissioner of Banking. RESOURCES Loans and discounts --- $924,037.37 Overdrafts --- 3,934.46 Customer's liability on account of insurance premiums for which this bank has not been reimbursed --- 1,925.20 United States securities owned: Owned and unpledged $30,182.56 War Savings Certificates and Thrift Stamps actually owned 100.00 30,282.56 Other stocks and securities --- 286.35 Other bonds --- 36,906.72 Furniture and fixtures --- 8,000.00 Cash on hand and due from approved reserve banks --- 35,396.29 Exchanges for clearing house and checks on other banks in same place --- 10,087.90 Checks on other banks in process of collection --- 22,591.14 Cash items --- 511.87 Other assets: Revenue Stamp account --- 70.00 Foreign Coin and Currency --- 127.18 --- $1,074,157.04