Columbus Exchange Bank (Providence, RI)

Episode Information

Episode UID
57004071487
Episode Type
Run Only
Bank Type
state
Bank ID
5700407 routing
Routing Number
57-0040
Start Date
November 30, 1923
Location
Providence, Rhode Island (41.824, -71.413)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
433ece53af800121

Response Measures

None

Events (1)
1. November 30, 1923 Run
Cause
Local Banks
Cause Details
Depositors were alarmed by the closing of the Westminster Bank and the Cosmopolitan Trust Company in Providence, prompting withdrawals.
Newspaper Excerpt
Alarmed by the closing of the Westminster bank and the Cosmopolitan trust company, depositors started a run on the Atwells avenue branch of the Columbus exchange bank today. More than $75,000 was withdrawn in the morning hours.
Source
newspapers

Newspaper Articles (6)
1. November 30, 1923 The Republican Springfield, MA
Article from The Republican, November 30, 1923

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Article Text

HEAVY RUN ON R. I. BANK Depositors Storm Columbus Institution Following Closing of Others in Providence Providence, R. I., Nov. 30—Alarmed by the closing of the Westminster bank and the Cosmopolitan trust company, depositors started a run on the Atwells avenue branch of the Columbus exchange bank today. More than $75,000 was withdrawn in the morning hours. Bank Commissioner G. H. Newhall agrees with Mariano Vervena, Italian consular agent and president of the bank that the institution is solvent. Other banking institutions have offered to furnish all cash required if the run continues.

2. November 30, 1923 The Times Trenton, NJ
Article from The Times, November 30, 1923

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Article Text

DEPOSITORS RUN ON PROVIDENCE BANK (International News Service) PROVIDENCE, R. I., Nov. 30,—Alarmed by the closing of the Westminster Bank and the Cosmopolitan Trust Company, depositors started a run on the Atwells Avenue Branch of the Columbus Exchange Bank today. More than $75,000 was withdrawn in the morning hours. Bank Commissioner G. H. Newhall agrees with Mariano Vervena, president of the bank, that the institution is solvent.

3. November 30, 1923 Wilkes-Barre Times Leader, the Evening News Wilkes-Barre, PA
Article from Wilkes-Barre Times Leader, the Evening News, November 30, 1923

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Article Text

George L. Wade, Kansas City millionaire racing enthusiast, struck down by a racing car driven by Harry Hartz, as the race was about to start, died in a hospital an hour later. Russel Hughes, veteran Los Angeles photographer, was almost instantly killed by the same car which was forced to swerve to avoid hitting another car on the track. An investigation of the accident was launched by the sheriff's office today. Hill made an average of 113.45 miles an hour in winning. Jimmy Murphy was second and Eddie Hearn, by virtue of points becomes the 1923 speed king, taking the title away from Murphy who needed to win the race to hold his title. START $75,000 RUN ON SOLVENT BANK Providence, R. I., Nov. 30.—A large number of depositors aroused by the closing of the Westminster Bank and the Cosmopolitan Trust Company started a run on the Atwells Avenue branch of the Columbus Exchange Bank today. More than $75,000 was withdrawn in the morning. Bank Commissioner G. H. Newhall agrees with Marinio Vervano, Italian consular agent and president of the bank that the institution is solvent. Other banking institutions have offered to furnish all cash required if the run continues.

4. November 30, 1923 Mount Vernon Argus White Plains, NY
Article from Mount Vernon Argus, November 30, 1923

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Article Text

START RUN ON BANK IN PROVIDENCE, R. I. Providence, R. I., — (By I.N.S) — Alarmed by the closing of the Westminster bank and the Cosmopolitan Trust company, depositors started a run on the Atwells Avenue branch of the Columbus Exchange bank today. More than $75,000 was withdrawn in the morning hours. Bank Commissioner G. H. Newhall agrees with Mariano Vervena, Italian consular agent, and president of the bank, that the institution is solvent.

5. December 1, 1923 The Bayonne Times Bayonne, NJ
Article from The Bayonne Times, December 1, 1923

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Article Text

Providence People Make Run on Bank Providence, R. I., Dec. 1—Alarmed by the closing of the Westminister Bank and the Cosmopolitan Trust Company, depositors started a run on the Atwells avenue branch of the Columbus Exchange Bank. More than $75,000 was withdrawn in the morning hours. Bank Commissioner G. H. Newhall agrees with Mariano Vervena, President of the bank, that the institution is solvent.

6. December 1, 1923 The Bayonne Times Bayonne, NJ
Article from The Bayonne Times, December 1, 1923

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Article Text

Providence, R. I., Dec. 1—Alarmed by the closing of the Westminster Bank and the Cosmopolitan Trust Company, depositors started a run on the Atwells avenue branch of the Columbus Exchange Bank. More than $75,000 was withdrawn in the morning hours.