Jackson City Bank - Jackson, MI

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: November 13, 1906
Location: Jackson, Michigan (42.246, -84.401)

Metadata

Model: gpt-5-mini
Short Digest: e4ecccd9

Response Measures

Accommodated withdrawals

Description

Polish depositors made a run on Jackson City Bank on Nov 13, 1906 due to an erroneous idea (misinformation) about a bank official being involved in a lawsuit. The bank stayed open after hours, met withdrawals, and did not suspend or seek outside assistance.

Events (1)

1. November 13, 1906 Run

Cause: Rumor Or Misinformation
Cause Details: Deposit holders (Polish depositors) believed erroneously that a bank official was involved in a local lawsuit, triggering withdrawals.
Random Run: Yes
Random Run Snippet: erroneous idea that an official was involved in a lawsuit
Measures: Remained open after usual closing hours to satisfy depositors; met run without calling other banks for assistance.
Newspaper Excerpt: Polish depositors made a run on the Jackson City bank, having caught the erroneous idea that an official of the bank was involved in a local lawsuit. The bank remained open after the usual closing hours in order to satisfy all the clamorous depositors, and met the run without calling upon the other Jackson banks for assistance.
Source: newspapers

Newspaper Articles (1)

1. December 1, 1906 The Diamond Drill Crystal Falls, MI

Article from The Diamond Drill, December 1, 1906

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Article Text

Poles Make a Run on a Bank. Jackson, Mich., Nov. 13.-Polish depositors made a run on the Jackson City bank, having caught the erroneous idea that an official of the bank was involved in a local lawsuit. The bank remained open after the usual closing hours in order to satisfy all the clamorous depositors, and met the run without calling upon the other Jackson banks for assistance.