Article Text
RUN ON A BANK. Fort Wayne, Ind.. June 28.-A heavy run on the First National Bank here caus ed great excitement in business circles to-day. All demands were promptly paid.
First National Bank (Fort Wayne, IN)
Episode Information
- Episode UID
1101170- Episode Type
- Run Only
- Bank Type
- national
- Bank ID
-
110national - Charter Number
- 11
- Start Date
- June 28, 1897
- Location
- Fort Wayne, Indiana (41.131, -85.129)
Metadata
- Model
- gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
- Short Digest
7d3ea6a905491427
Response Measures
Accommodated withdrawals
Other: Bank declined offers of assistance from other banks; another local bank (White National) publicly offered to cash First National’s certificates of deposit for its customers.
Receivership Details
- Depositor recovery rate
- 38.9%
- Date receivership started
- 1934-06-22
- Share of assets assessed as good
- 0.9%
- Share of assets assessed as doubtful
- 47.9%
- Share of assets assessed as worthless
- 51.2%
Events (4)
1.
June 22, 1863
Chartered
- Source
- historical_nic
2.
June 28, 1897
Run
- Cause
- Local Shock
- Cause Details
- Run was triggered by complications in the affairs of a local brass foundry and machine works, prompting small-depositor withdrawals.
- Measures
- Bank paid all demands promptly; declined offers of assistance from other banks; White National Bank offered to cash First National's certificates of deposit for delayed holders.
- Newspaper Excerpt
- A heavy run on the First National Bank here caused great excitement in business circles to-day. All demands were promptly paid.
- Source
- newspapers
3.
September 29, 1931
Voluntary Liquidation
- Source
- historical_nic
4.
June 22, 1934
Receivership
- Source
- historical_nic
Newspaper Articles (2)
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Article Text
BRIEF RUN ON A BANK. Fort Wayne First National Not Embarrassed by Withdrawals. Special to the Indianapolis Journal. FORT WAYNE, Ind., June 28.-The anticipated run on the First National Bank to-day, due to the complications in the affairs of the brass foundry and machine works, did not amount to much and at no time was the bank crowded. The run commenced at 9 o'clock and lasted two hours and was confined to small depositors, and at no time did the run assume anything like a serious aspect. More cash was deposited during the run than was taken out. The First National had offers of assistance from many sources, including the other banks, which were declined. The White National Bank announced early in the day that it would cash all certificates of deposit of the First National if the holders were delayed by others ahead of them at the windows. This afternoon many of the frightened depositors returned their money and the bank has proven its stability.