gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
de1624ab7f034eee
Response Measures
Accommodated withdrawals, Public signal of financial health, Capital injected
Clearinghouse involved: Yes
(loan, examination, or other measures)
Events (3)
1.June 19, 1914Chartered
Source
historical_nic
2.May 11, 1921Run
Cause
Rumor Or Misinformation
Cause Details
Withdrawals driven by unspecified rumors of unknown origin questioning the bank's solvency; grand jury probe into origin of rumor mentioned.
Measures
Held open three hours after usual closing; Dallas Clearing House and Eleventh District Federal Reserve issued statements and Federal Reserve truck brought cash; prominent deposits (E.H.R. Green $100,000) made to restore confidence.
Newspaper Excerpt
The Security National bank withstood a run here today, holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin.
Source
newspapers
3.October 6, 1921Voluntary Liquidation
Source
historical_nic
Newspaper Articles (10)
1.May 12, 1921The Birmingham Age-HeraldBirmingham, AL
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Article Text
RUN ON DALLAS BANK WITHSTOOD Estimated More Than Million Dollars Withdrawn By Depositors Yesterday By Associated Press Dallas, Texas May 11.-The Security National bank withstood a run here today holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totaled roughly $1,700,000, and that withdrawals were about $500,00 less than that. It is stated that no large deposits were withdrawn, but that on the other hand many Dallas business men had increased their dep sits or opened new accounts as marks of confidence. When the bank opened its doors this morning a few depositors were lined up. By noon hundreds jammed the bank and filled the streets about the building. A heavily guarded federal reserve bank truck carrying a large sack of currency was driven through the crowds and the sack opened inside the bank. A speech was made by E. H. R. Green, Terrell, Texar who deposited $100,000. Judge W. F. Ramsey, chairman of the board of the seventh district federal reserve bank, made a speech and said there was no basis for the rumor which brought the crowd and that "there are $30,000,000 in the vaults of the federal reserve bank of Dalla and every dollar of it is behind the Security National bank."
2.May 12, 1921The Morning Tulsa Daily WorldTulsa, OK
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Article Text
RUN ON DALLAS BANK FAILS $500,000 Drawn Out and $1,700,000 Deposited. DALLAS, Texas. May 11.-The Security National bank withstood a run today. holding open three hours after 3 D. m., the usual closing time, to accommodate depositors whose confidence had grown shakv because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totalled roughly $1,700,000 and, withdrawals were about $500,000 less than that. It was stated that no large deposita were withdrawn. but taht on the other hand many Dallas business men and firms had increased their deposits or opened new accounts as marks of confidence.
3.May 12, 1921The New York HeraldNew York, NY
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Article Text
SON OF HETTY GREEN HELPS END RUN ON BANK Deposits $100,000 in Texas Financial Institution. DALLAS, Tex., May 11.-The Security National Bank withstood a run here today, holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of undetermined origin. No exact figures were available to-night, but officers of the bank said deposits to-day totalled roughly $1,700,000 and that withdrawals were about $500,000 less than that. Regarded as probably the most impressive assurance of confidence, were the driving through the crowds of a heavily guarded Federal Reserve Bank truck with a huge sack of currency. which immediately was opened inside the bank, and later a speech by E. H. R. Green of New York and Terrell, Tex., and his depositing of $100,000. Mr. Green is the son of the late Mrs. Hetty Green.
4.May 12, 1921Arizona RepublicanPhoenix, AZ
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Article Text
RUMOR STARTS RUN ON DALLAS NATIONAL BANK [Republican A. P. Leased Wire] DALLAS, Texas, May 11.-The Security National bank withstood a run today, holding open three hours after the usual closing time to aecommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totalled roughly $1,700,000, and that withdrawals were about $500.000 less than that. It was stated that no 'large deposits were withdrawn, but that on the other hand many Dallas business men and firms ad increased their deposits or opened new accounts. When the bank opened today a few depositors, mostly with small accounts, were lined up. By noon hundreds of persons jammed the bank and filled the streets. Various business men climbed on desks and boxes and made optimistic speeches, which with statements of confidence from the Dallas Clearing House association and the eleventh district federal reserve bank did much to bring order. Regarded as probably the most impressive assurances were the driving through the crowd of a heavily guarded federal reserve bank truck with a huge sack of currency, which immediately was opened inside the bank, and a speech by E. H. R. Green of Terrell, Texas, and his depositing of $100,000. Another bank also deposited $100,000. Tonight it was said a grand jury investigation probably will be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.
5.May 12, 1921Bisbee Daily ReviewBisbee, AZ
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Article Text
RUN ON DALLAS BANK WITHSTOOD Institution Survives Withdrawals Of Over Million; Rumors Are Probed DALLAS, Tex., May 11.-The Security National Bank withstood a run today, holding open three hours after the usual closing time, to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available tonight, but officers of the bank said deposits today totaled roughly $1,700,000 and that withdrawals were about $500,000 less than that. When the bank opened today a few depositors. mostly with small accounts were lined up. By noon hundreds of persons jammed the bank and filled the streets. Various business men climbed on desks, counters and boxes and made ontimistic sneeches. which with statements of confidence from the Dallas Clearing House Association and the Eleventh District Federal Reserve Bank. didmuch to bring order. Regarded as probably the most impressive assurances were the driving through the crowds of a heavily guarded federal reserve bank truck with a huge sack of currency which immediately was opened inside the bank. and a speech by E. H. R. Green, of Terrell. Texas. and his depositing of $100.000. Another bank also deposit. ed $100.000. Tonight it was said a grand jury investigation probably would be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.
6.May 12, 1921Brownsville HeraldBrownsville, TX
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Article Text
DALLAS BANK WITHSTANDS RUMOR PANIC Deposits At End Of Day Half Million Over Withdrawals DALLAS, Texas, May 12.-The So. curity National bank withstood a run yesterday, holding open three hours after 3.p. m., the usual closing time. to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available last night. but officers of the bank said deposits for the day totaled roughly $1.700 000 and withdrawals were about $500,000 less than that. It was stated that no large deposits were withdrawn. but that on the other hand many Dallas business men and firms had increased their deposits or opened new accounts as marks of confidence. When the bank opened its doors in the morning a few depositors, mostly with small accounts to their credit or with savings account books in their hands, were lined up. The crowd increased tintil at the noon hour hundreds of persons jammed the bank and filled the streets about the building. Various Dallas business men climbed on desks. counters and boxes and made optimistic speeches, which. with statements of confidence from the Dallas Clearing House association and the Eleventh district federal reserve bank. did much to bring order. Regarded as probably the most impressive assurances were the driving through the crowds of a heavily guarded federal reserve bank truck with a hugs sack of currency. which immediately was opened inside the bank. and later a speech by E. H. R. Green of New York and Terrell. Tex. as and his depositing of $100,000. Another bank also deposited $100,000 with the Security National bank. Judge W. F. Ramsey, chairman of the board of the Eleventh district federal reserve bank. made a speech and said there was no basis for the rumor which brought the crowd and that "there are $30,000,000 in the vaults of the federal reserve bank in Dallas, and every dollar of it is behind the Security National bank." It was said today that a grand jury investigation probably would be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.
7.May 12, 1921Abilene Weekly ReflectorAbilene, KS
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Article Text
STOPPED THIS BANK RUN (Associated Press) Dallas. Tex., May 11.-A hundred persons started a run on the Security National bank here this mornIng when rumors spread that the bank's finances were endangered was dispersed when the banks composing the Dallas Clearing House association and the district Federal Reserve bank issued statements of confidence and pledged assistance.
8.May 12, 1921New-York TribuneNew York, NY
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Article Text
Texas Bank Meets Run; Col. Green Extends Aid Deposits $100,000 and Reserve Truck Drives Through Crowd With Sack of Currency DALLAS, Tex., May 11. - The Security National Bank withstood a run here to-day, holding open three hours after the usual closing time to accommodate depositors whose confidence had grown shaky because of rumors of unknown origin. No exact figures were available to-night, but officers of the bank said deposits to-day totaled roughly $1,700,000 and that withdrawals were about $500,000 less than that. It was stated that no large deposits were withdrawn, but that on the other hand many Dallas business men had increased their deposits or opened new accounts as marks of confidence. Regarded as probably the most impressive assurance of confidence was the driving through the crowds of a heavily guarded Federal Reserve Bank truck with a huge sack of currency, which immediately was opened inside the bank, and later a speech by Colonel E. H. R. Green, of New York and Terrell, Tex., and his depositing of $100 000.
BANK IN TEXAS STANDS OFF A SIX-HOUR RUN Dallas Business Men Come to its Rescue, And Day's Deposits Greatly Exceed Withdrawals (By The Associated Press.) Dallas, Tex., May 11.-The Security National bank withstood a run today. holding open three hours after the usual closing time to accommodate depositors whose confidence haa grown shaky because of rumors of unknown origin. No exact figures were available tonight but officers of the bank said deposits today totaled roughly $1,700,000 and that withdrawals were about $500,000 less than that. It was stated that no large deposits were withdrawn but that on the other hand, many Dallas business men and firms had increased their deposits or opened new accounts. When the bank opened today a few depositors, mostly with small accounts, were lined up. By noon hundreds of persons jammed the bank and filled the streets. Various business men climbed on desks counters and boxes and made optimistic speeches, which with statements of confidence from the Dallas Clearing House association and the eleventh district federal reserve bank, did much to bring order. Regarded as probably the most impressive assurances were the driving through the crowds of a heavily guarded federal reserve bank truck with a huge sack of currency which immediately was opened inside the bank, and a speech by E. H. R. Green of Terrell, Tex., and his depositing of $100,000. Another bank also deposited $100,000. Tonight it was said a grand jury investigation probably will be made to attempt to establish the origin of the rumor that the bank's solvency was endangered.
10.May 13, 1921Amarillo Daily NewsAmarillo, TX
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Article Text
Dallas Bank Normal Again. By Associated Press. DALLAS May 13.-Buslaess had vir. tually returned to normal today at theSecurity National Bank which was the victim of a "run" yesterday. Assurances from other banks and business institutions of the city that the bank full backing served to restore confidence in its selveney. and many persons who withdrew accounts during the Clurry. redeposited their funds today. ORIGIN received tele grams from thing parts of the country, offering congratulations on the manner it which the bank had with. stood the ordeal.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
