Phoenix Savings Bank & Trust Company (Phoenix, AZ)

Episode Information

Episode UID
91000571455
Episode Type
Run Only
Bank Type
trust
Bank ID
9100057 routing
Routing Number
91-0005
Start Date
March 31, 1921
Location
Phoenix, Arizona (33.448, -112.074)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b24c75f256fd6342

Response Measures

None

Events (1)

1. March 31, 1921 Run
Cause
Local Banks
Cause Details
Rumors circulated of weakness of some of the smaller banks in the city and vicinity, prompting withdrawals.
Measures
Mass meeting at Chamber of Commerce encouraged deposits; many business men made deposits, replenishing banks.
Newspaper Excerpt
The tip of the tail end of the bank run passed yesterday ... the banks now doing business are unbreakable.
Source
newspapers

Newspaper Articles (2)

Article from The Coconino Sun, April 1, 1921

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Article Text

BANK RUSHERS SHAMED WHEN THEY FAIL TO BUST BANKS AT PHOENIX The tip of the tail end of the bank run passed yesterday a little before noon with a slight flicking, and after that all trace of the insanity of the day before vanished, leaving a feeling of greater confidence in Phoenix than had prevailed since the first rumors of the weakness of some of the smaller banks of the city and vicinity were circulated several weeks ago. It was demonstrated to the satisfaction of even the fearful that the banks now doing business are unbreakable. At the hour of opening, The National Bank of Arizona, The Valley Bank, The Phoenix National and The Phoenix Savings Bank and Trust company were quickly filled. The throng was composed in part of a large number of business men who had come to make deposits, in accordance with the spirit of the mass meeting at the Chamber of Commerce the night before. But in the crowd were many who had come to continue the run of the afternoon before, and those of the latter class could be distinguished by the shamefacedness with which they entered the doors.-Phoenix Republican.


Article from The Holbrook News, April 1, 1921

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Article Text

BANK RUSHERS SHAMED WHEN THEY FAIL TO BUST BANKS AT PHOENIX The tip of the tail end of the bank run passed yesterday a little before noon with a slight flicking, and after that all trace of the insanity of the day before vanished, leaving a feeling of greater confidence in Phoenix than had prevailed since the first rumors of the weakness of some of the smaller banks of the city and vicinity were circulated several weeks ago. It was demonstrated to the satisfaction of even the fearful that the banks now doing business are unbreakable. At the hour of opening, The National Bank of Arizona, The Valley Bank, The Phoenix National and The Phoenix Savings Bank and Trust company were quickly filled. The throng was composed in part of a large number of business men who had come to make deposits, in accordance with the spirit of the mass meeting at the Chamber of Commerce the night before. But in the crowd were many who had come to continue the run of the afternoon before, and those of the latter class could be distinguished by the shamefacedness with which they entered the doors.-Phoenix Republican.