German National Bank (Pittsburg, PA)

Episode Information

Episode UID
226101214
Episode Type
Run Only
Bank Type
national
Bank ID
22610 national
Charter Number
2261
Start Date
February 19, 1901
Location
Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
91f53db853c1122c

Response Measures

Accommodated withdrawals, Public signal of financial health

Description

Newspaper spelling uses 'Pittsburg' and refers to Allegheny location; no suspension reported.

Events (3)

1. May 17, 1875 Chartered
Source
historical_nic
2. February 19, 1901 Run
Cause
Rumor Or Misinformation
Cause Details
False and unfounded rumors triggered frightened depositors to withdraw large sums.
Measures
Bank remained open (including staying open on Washington's birthday) and cashed checks; cashier stated funds available and offers of assistance received.
Newspaper Excerpt
Unfounded rumors caused a run on the German National Bank of Allegheny today during which $180,000 was paid out.
Source
newspapers
3. November 19, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (10)

Article from The Morning Astorian, February 20, 1901

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Article Text

RUN ON ALLEGHENY BANK. Unfounded Rumors Cause Depositors to Draw Out $180,000. PITTSBURG. Feb. 19.-Unfounded rumors caused a run on the German National Bank of Allegheny today during which $180,000 was paid out. Cashier Helms said tonight that every demand would be met promptly tomorrow or any day within an hour's notice as, he says, they have $2,000,000 on hand for payment.


Article from Wheeling Register, February 20, 1901

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Article Text

RUN ON A BANK. PITTSBURG, Pa., February 19.-False and unfounded rumors caused a run on the German National Bank of Allegheny to-day, during which $180,000 was paid out to frightened depositors. The excitement at one time during the afternoon was intense, causing almost a panic and giving the police all they could do to prevent an outbreak.


Article from Daily Inter Mountain, February 21, 1901

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Article Text

WILL WORK ON HOLIDAY. To Give Fearful Depositors Chance to Withdraw Money. Pittsburg, Feb. 21.-The run on the German National Bank of Allegheny, which began Tuesday afternoon is practically over. Only a few depositors were on hand when the bank opened today. In order that all who desire may have an opportunity to withdraw their money, however, the bank will remain open tomorrow (Washington's birthday).


Article from El Paso Daily Herald, February 21, 1901

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Article Text

RUN ON A PITTSBURG BANK DIES OUT AS QUICKLY AS IT AROSE. PITTSBURG, Pa., Feb. 21-The run on the German National bank at Allegheny, which began last week, ended today. When the doors opened this morning, instead of depositors demanding their money, many appeared to redeposit.


Article from Bryan Morning Eagle, February 21, 1901

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Article Text

Run on B Bank. Pittsbarg, Feb. 20. -False and unofficial rumors caused a run on the German National bank of Allegheny Tuesday during which $680,000 was paid out to frightened depositors. The excitement at one time was intense causing almost a panic and giving the police all they could do to prevent an outbreak. Every check was cashed.


Article from Deseret Evening News, February 21, 1901

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Article Text

Run on Bank Over. Pittsburg, Feb. 21.-The run on the German National bank of Allegheny, which began Tuesday afternoon is practically over. Only a few depositors were on hand when the bank opened today. In order that all who desire may have an opportunity to withdraw their money, however, the bank will remain open tomorrow (Washington's birthday).


Article from Wheeling Register, February 22, 1901

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Article Text

PITTSBURG, Pa., February 21.-The run on the German National Bank, of Allegheny. is practically over. That all may have an opportunity to withdraw the institution will remain open to-morrow, Washington's birthday.


Article from Bryan Morning Eagle, February 22, 1901

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Article Text

The Run Over. Pittsburg, Feb. 21.-The run on the German National bank of Allegheny which began Tuesday afternoon is now practically over.


Article from The Sun, February 22, 1901

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Article Text

Run on Bank Subsiding. Pittsburg, Feb. 21.-The run on the German National bank of Alleghany is practically over. Only a few despositors were on hand for their money when the bank opened its doors, and at no time was the crowd large. The bank has received many telegrams from financial institutions in Chicago, New York, Philadelphia and other cities offering assistance.


Article from The Stark County Democrat, February 26, 1901

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Article Text

Run on German Bank Ends. News-Democrat Leased Wire Service. Pittsburg, Feb. 22.-The run on the German National bank, of Allegheny, is apparently over, and today there are