Portland Bank - Portland, ME

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: December 22, 1899
Location: Portland, Maine (43.661, -70.255)

Metadata

Model: gpt-5-mini
Short Digest: 0bbed8e2

Response Measures

Accommodated withdrawals

Description

Article (dated Dec 26, 1899) reports a run on Dec 22 caused by a rumor of straightened circumstances; bank officials said it was sound and paid depositors as they came. No suspension or closure mentioned.

Events (1)

1. December 22, 1899 Run

Cause: Rumor Or Misinformation
Cause Details: Run sparked by a rumor that the bank was in straightened circumstances (unfounded according to officials).
Measures: Bank officials paid depositors promptly as they presented their books; declared the bank sound.
Newspaper Excerpt: A run on the Portland bank, which was started this morning, was caused by a rumor that the institution was in straightened circumstances. The bank officials declare the bank absolutely sound and are paying depositors as fast as they present their books.
Source: newspapers

Newspaper Articles (1)

1. December 26, 1899 The Stark County Democrat Canton, OH

Article from The Stark County Democrat, December 26, 1899

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Article Text

HANDING OUT CASH. Portland Bank Has a Run, But Is Paying as Fast as People Come Up. [News-Democrat Leased Wire Service.] Portland, Me., Dec. 22.-A run on the Portland bank, which was started this morning, was caused by a rumor that the institution was in straightened circumstances. The bank officials declare the bank absolutely sound and are paying depositors as fast as they present their books.