Auburn Savings Bank - Auburn, ME

Bank Information

Episode Type: Run Only
Bank Type: savings bank
Start Date: May 10, 1876
Location: Auburn, Maine (44.098, -70.231)

Metadata

Model: gpt-5-mini
Short Digest: 04f720ce

Response Measures

Accommodated withdrawals

Description

Article (dated 1876-05-10) reports a continuous run on Auburn Savings Bank following the suspension of the Lewiston (ME) Savings Bank. Trustees voted to pay the May semi-annual dividend to cover depreciation and keep the bank solvent. No suspension or closure of Auburn is reported.

Events (1)

1. May 10, 1876 Run

Cause: Local Banks
Cause Details: Run triggered by suspension of the Lewiston (ME) Savings Bank; contagion from a neighboring bank's suspension.
Measures: Trustees voted to pay the May semi-annual dividend to cover depreciations and leave the bank solvent.
Newspaper Excerpt: Since the suspension of the Lewiston (Me.) Savings Bank there has been a continuous run on the Auburn (Me.) Savings Bank, and the trustees have voted to pay the May semi-annual dividend
Source: newspapers

Newspaper Articles (1)

1. May 10, 1876 Green-Mountain Freeman Montpelier, VT

Article from Green-Mountain Freeman, May 10, 1876

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Article Text

Since the suspension of the Lewiston (Me.) Savings Bank there has been a continuous run on the Auburn (Me.) Savings Bank, and the trustees have voted to pay the May semi-annual dividend, as this will cover all depreciations from investment, and leave the bank solvent. There is a run on the Androscorrin bank, but the 00 bank is meeting all demands.