17084. Second National Bank (Akron, OH)

View Charter #2716 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
40
Charter Number
2716
Start Date
June 19, 1905
Location
Akron, Ohio (41.081, -81.519)

Metadata

Model
gpt-5-mini
Short Digest
ca40d3c6

Response Measures

Accommodated withdrawals

Description

Multiple June 1905 newspaper reports describe a depositor run on the Second National Bank in Akron triggered by a rumor after someone saw a bank officer's daughter withdraw funds. Bank paid out withdrawals and there is no mention of suspension or closure; later reports say depositors were satisfied and few withdrawals followed. Date of run reported in newspapers June 19–22, 1905 (run began the prior Saturday).

Events (4)
1. July 28, 1863 Chartered
Source
historical_nic
2. June 1, 1882 Chartered
Source
historical_nic
3. June 19, 1905 Run
Cause
Rumor Or Misinformation
Cause Details
Rumor started after a depositor saw a bank officer's daughter withdraw her deposit; rumor implied something was wrong and spurred withdrawals totaling about $500,000.
Measures
Officials paid out as depositors called for money; did not attempt to stop withdrawals.
Newspaper Excerpt
One of the depositors saw the daughter of an official of the bank withdraw her deposit, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday.
Source
newspapers
4. March 18, 1911 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (11)
1. August 25, 1904 The News-Herald Hillsboro, OH
Article from The News-Herald, August 25, 1904

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Article Text

To Buy the Assets. Akron, O., Aug. 20.-Geo D. Bates, cashier of the Second national bank, offered the receivers of the defunct institution $300,000 for the assets of the bank, including bills, notes and overdrafts. The proposition was filed.

2. June 20, 1905 The Daily Morning Journal and Courier New Haven, CT
Article from The Daily Morning Journal and Courier, June 20, 1905

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Article Text

RUN ON AKRON, O., BANK. Half Million Withdrawn from Second National Since Saturday. Akron, O., June 19.-There was considerable excitement here to-day over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of an official of the bank withdraw her deposit, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday. The officials are not trying to stop the run, but are paying out as the depositors call for the money. The bank has a surplus of $40,000 and a capital of $350,000.

3. June 20, 1905 Perth Amboy Evening News Perth Amboy, NJ
Article from Perth Amboy Evening News, June 20, 1905

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Article Text

Run on Akron Bank. AKRON, O., June 20.-There is considerable excitement here over the coninued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of in official of the bank withdraw her leposits, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday.

4. June 20, 1905 Evening Star Washington, DC
Article from Evening Star, June 20, 1905

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Article Text

No Run on Akron Bank. AKRON, Ohio, June 20.-Practically no run on the Second National Bank followed yesterday's scare. Only about seventy-five persons called for their savings today, the large amount of money and the strength of the bank's resources, as shown yesterday, satisfying the large number of depositors.

5. June 20, 1905 Arizona Republican Phoenix, AZ
Article from Arizona Republican, June 20, 1905

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Article Text

A BANKER'S DAUGHTER Started a Great Run on Her Father's Institution. is Akron, Ohio, June 19.-There much excitement here over a continued big run today on the Second National Bank. One of the depositors saw the daughter of one of the officials of the bank withdraw her deposit and from this the rumor started that something was wrong. Five hundred thousand dollars have been withdrawn since Saturday afternoon. Officials are not trying to stop the run, but are paying out as depositors call for their money. The bank has a surplus of $40,000 and a capital of $350,000.

6. June 20, 1905 The Bennington Evening Banner Bennington, VT
Article from The Bennington Evening Banner, June 20, 1905

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Article Text

Run on Akron Bank. AKRON, O., June 20.-There is considerable excitement here over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of an official of the bank withdraw her deposits, and from this the rumor started that something was wrong. A total of $500,000 has been withdrawn since Saturday.

7. June 20, 1905 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, June 20, 1905

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Article Text

Ren on Ikron Bank. AKRON. O., June 20.-There is considerable excitement here over the continued run on the Second National bank. The run started Saturday. One of the depositors saw the daughter of in official of the bank withdraw her deposits, and from this the rumor start ed that something was wrong. A total of $500,000 has been withdrawn since Saturday.

8. June 20, 1905 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, June 20, 1905

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Article Text

Akron. O., June 19.-There was considerable excitement here over the continued big run today on the Second National Bank, the run starting Saturday afternoon. One of the depositors saw the daughter of one of the officials of the bank withdraw her deposit and from this the rumor started that something was wrong. Five hundred thousand dollars has been withdrawn since Saturday afternoon. The officials are not trying to stop the run. but are paying out as the depositors call for their money.

9. June 21, 1905 Los Angeles Herald Los Angeles, CA
Article from Los Angeles Herald, June 21, 1905

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Article Text

AKRON BANK DEPOSITORS SATISFIED WITH SHOWING By Associated Press. AKRON, Ohio, June 20.-Practically no run on the Second National bank followed yesterday's scare. Only seventy-five persons called for their savings today, the large amount of money and the strength of the bank's reserve as shown yesterday satisfying the majority of the depositors.

10. June 22, 1905 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, June 22, 1905

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Article Text

BANK OFFICER'S DAUGHTER Started Depositors' Run When She Withdrew Her Deposit. Akron, Ohio, June 22.-There was excitement here today over the continued run on the Second National bank. One of the depositors saw the daughter of one of the officials of the bank withdraw her deposit and from this the rumor started that something was wrong, Five hundred thousand dollars has been withdrawn since Saturday afternoon. The officials are not trying to stop the run. but are paying out as the depositors call for their money. The bank 118 a surplus of $40,000 and a capital or $350,000.

11. June 22, 1905 Gainesville Daily Sun Gainesville, FL
Article from Gainesville Daily Sun, June 22, 1905

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Article Text

Big Run on an Ohio Bank. Akron, O., June 21.-There was considerable excitement here over the con. tinued big run today on the Second national bank, the run starting Saturday afternoon. One of the depositors saw the daughter of one of the officials of the bank withdrew her deposit, and from this the rumor started that something was Nong; $500,000 has been withdrawn since Saturday af. ternoon. The officials are not trying to stop the run, but are paying out as the depositors call for their money.