Miners & Merchants Bank - Nanty Glo, PA

Episode Information

Episode UID: 60152571570
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 6015257 routing
Routing Number: 60-1525
Start Date: October 28, 1930
Location: Nanty Glo, Pennsylvania (40.472, -78.833)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e281a696f2524ea3

Response Measures

None

Events (3)

1. October 28, 1930 Receivership

Newspaper Excerpt: The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking as the result of a slow run.
Source: newspapers

2. October 28, 1930 Run

Cause Details: A slow run (sustained withdrawals) depleted the bank's liquidity
Newspaper Excerpt: The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking as the result of a slow run.
Source: newspapers

3. October 28, 1930 Suspension

Cause: Government Action
Cause Details: State banking department (secretary of banking) took the bank over following the run
Newspaper Excerpt: The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking
Source: newspapers

Newspaper Articles (1)

1. October 28, 1930 The Daily Republican Phoenixville, PA

Article from The Daily Republican, October 28, 1930

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Article Text

STATE TAKES OVER BANK (By Associated Press) Harrisburg. October 28 The Miners and Merchants Bank at Nanty-Glo today was taken over by the secretary of banking as the result of a slow run. the state banking department here announced. HOLD BOOZE AGENT (By Associated Press) Alburqurque. N. M. Oct. 2S-A Federal prohibition agent here was in custody today pending investigation into the fatal shooting last night of a highway workman. 100 MINERS WERE KILLED (By Associated Press) Faarb: Germany. Oct. 28-At least 100 miners lost their lives Saturday in an explosion which wrecked the Maybauh mines, imprisoning workers in gas filled galleries. Ninely-one bodies had been recovered. SEEK WOMAN IN THEFT (By Associated Press) Irvington, N $ Oct 27-A woman who posed as a guest of E. A. Matthiassen was sought today in connection th the theft of jewelry valued at $15,000. WOULD ENHANCE PROSPECTS (By Associated Press) Philadelphia, Oct. -Senator Joseph R. Grundy has sent an open reply to Kern Dodge, of this city, to a letter sent by Mr. Grundy when Mr Dodge recently decided to support John M Hemphill for governor. Senator Grundy declared that "the presidential prospects of the Democratic party would be enhanced by the election of Democrat as Governor of Pennsylvania.' HE PROFITS MOST who reads most Classified Ads.

Episode Information

Metadata

Response Measures

Events (3)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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