Citizens Bank (Vermontville, MI)

Episode Information

Episode UID
8069629091519
Episode Type
Run Only
Bank Type
private
Bank ID
806962909 hash
Start Date
July 12, 1926
Location
Vermontville, Michigan (42.629, -85.024)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
81d5e837951d38a5

Response Measures

None

Events (1)
1. July 12, 1926 Run
Cause
Rumor Or Misinformation
Cause Details
Panic triggered by a change in cashiers and resulting rumors that the bank was unsound; disproved by a special newspaper edition explaining the change.
Measures
Town weekly issued a special edition explaining the cashier change and the bank's soundness to halt withdrawals.
Newspaper Excerpt
Change in Cashiers Brought Flurry at Vermontville; ... many depositors were deluded the belief bank not perfectly ... asked for drawal of their funds
Source
newspapers

Newspaper Articles (2)
1. July 12, 1926 Battle Creek Moon-Journal Battle Creek, MI
Article from Battle Creek Moon-Journal, July 12, 1926

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Article Text

Special Edition of Village Paper Ends on Bank Change in Cashiers Brought Flurry at Vermontville; Institution Declared Sound. July of the change of cashiers Citizens of ville. unincorporated, little flurarose which increased such proportions that many depositors were deluded the belief bank not perfectly sponsible and asked for drawal of their funds an effort up situation. edition of Vermontville issued. containing statement the bank's He says that situation there banking institution the sound finanThe bank partnership affair with whom liable for the entire the Institution The inability of the bank to the unusually large mand for withdrawal of funds simply and the fact that the bank holds time which not The bank holds good notes and mortgages pay every dollar and have plenty also has state bank incorporated for $25,000. stockholder being liable only for amount and much or total of Milton Lent the cashier the Citizens bank.

2. July 14, 1926 The Herald-Press Saint Joseph, MI
Article from The Herald-Press, July 14, 1926

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Article Text

MICHIGAN NEWS IN BRIEF PLAN ANNEXATION ROYAL OAK. Petitions filed with the county clerk here last week providing for the annexation of the territory northwest of Royal Oak to this city will be presented at the Oakland county board of supervisors special meeting August 2. Electors of the city will vote on the proposition at the regular primary election September 14, if the petitions are found to be in legal form. ENLARGE ADRIAN YARDS ADRIAN Work has started on the expansion of the Wabash yards here authorized by the officials last April. It is expected that the crew of 30 men will have the total of two miles of side track laid by September. The cost is estimated at $80, HOTEL TO HONOR OLDS LANSING.-The first name to ap pear on the register of the new Hotel Olds here will be that of Ransom E. Olds, in whose honor it was named, according to an announcement by George E. Crocker, manager. A large number of reservations have already been received for the opening day. TO TOUR CORN FIELDS MONROE.-A tour of the corn fields in southern Monroe county is being made by 40 Michigan State college students in charge of C. O. Larabee principle science aid of the United States department of agriculture, and William H. Crafts. as. sistant During the tour of 10 days the students will study the habits and workings of the corn borer. AUTO RUNS WILD HOWELL. small coupe be longing to Miss Mae Rohr. Detroit, started when left standing in the street with brakes unset, backed ac ross the thoroughfare and broke off a lamp post. The motor of the car started as It rolled down hill. BUILD PUBLIC REST ROOM owosso. Construction of public rest room at a cost of $5,000 has been started here. The city commission voted to use a large delinquent tax payment for the purpose. STOP RUN ON BANK CHARLOTTE of cash lers at the Citizen's bank of Ver: montville, private institution. start ed run which was stopped only by special edition of the town's weekly newspaper. explaining circumstances of the change in personnel. Accountants declare the bank is