City National Bank - Lansing, MI

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 3513
Charter Number: 3513
Start Date: February 5, 1903
Location: Lansing, Michigan (42.733, -84.556)

Metadata

Model: gpt-5-mini
Short Digest: 00846980

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Newspaper (1903-02-05) reports a brief run on City National (and Lansing State Savings) caused by circulated 'senseless stories' about lack of stability. No suspension or closure mentioned; directors issued statements of strong condition and invited depositors to withdraw if desired.

Events (1)

1. February 5, 1903 Run

Cause: Rumor Or Misinformation
Cause Details: Senseless stories circulated alleging lack of stability of the bank, triggering a slight run.
Measures: Directors published statements of strong condition (could pay every depositor and still have large surplus); invited depositors to come and get their money to avoid uneasiness.
Newspaper Excerpt: For several days there have been senseless stories circulated concerning the lack of stability of both the City National and Lansing State Savings Banks, with the result that a slight run was commenced Friday and was continued to-day.
Source: newspapers

Newspaper Articles (1)

1. February 5, 1903 Belding Banner Belding, MI

Article from Belding Banner, February 5, 1903

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Article Text

Banks Have a Run. For several days there have been senseless stories circulated concerning the lack of stability of both the City National and Lansing State Savings Banks, with the result that a slight run was commenced Friday and was continued to-day. Both institutions have announcements showing that their condition was never so strong as at present. The City National directors assert that they could pay every depositor in full and still have a balance of over $200,000, while the Lansing State Bank's surplus as to depositors is $167,000. Depositors were invited to coche and get their money rather that experience a moment of uneasiness.