Westbrook Trust Company - Westbrook, ME

Bank Information

Episode Type: Run Only
Bank Type: trust company
Start Date: October 20, 1905
Location: Westbrook, Maine (43.677, -70.371)

Metadata

Model: gpt-5-mini
Short Digest: 5237af0d

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Newspaper (Oct 23, 1905) reports a slight, causeless run beginning Friday attributed to an unfounded rumor; bank officers state the institution is sound and ready to pay depositors. No suspension or reopening mentioned.

Events (1)

1. October 20, 1905 Run

Cause: Rumor Or Misinformation
Cause Details: Described explicitly as the result of an unfounded rumor; officers called the run 'entirely causeless.'
Measures: Bank officers publicly stated the institution was sound and that the treasurer was ready to pay all depositors in full.
Newspaper Excerpt: A slight, and, as the bank officers say, entirely causeless, run on the Westbrook Trust Co. began, Friday, and there were some withdrawals, Saturday.
Source: newspapers

Newspaper Articles (1)

1. October 23, 1905 Daily Kennebec Journal Augusta, ME

Article from Daily Kennebec Journal, October 23, 1905

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Article Text

SPARKS FROM MAINE WIRES. A slight, and., as the bank officers say, entirely causeless, run on the Westbrook Trust Co. began, Friday, and there were some withdrawals, Saturday. Treas. William M. Lamb said that the institution is perfectly sound. that the run was the result of an unfounded rumor and that he is ready to pay all depositors in full. Benjamin Kimball, who was shot at Bridgton, two weeks ago, is slowly gaining and unless complications set in it is believed that he will recover. Shortly after being shot he began to improve, but this was followed by a sinking spell from which he is now rallying. Henry Douglass, who shot him. will be arraigned before Judge Hill at Portland, Monday morning. If Kimball remains in the same condition it is probable that he will be arraigned on a charge of assault with intent to kill, er the case may be again continued to await the result of Kimball's injuries.