Washington National Bank (Pittsburg, PA)

View Charter #6725 on SPMC View balance sheet

Episode Information

Episode UID: 672501273
Episode Type: Run Only
Bank Type: national
Bank ID: 67250 national
Charter Number: 6725
Start Date: January 16, 1906
Location: Pittsburg, Pennsylvania (40.441, -79.996)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 405888af8c3af6cb

Response Measures

Accommodated withdrawals, Public signal of financial health

Events (3)

1. April 16, 1903 Chartered

Source: historical_nic

2. January 16, 1906 Run

Cause: Bank Specific Adverse Info
Cause Details: Mysterious disappearance of Cashier S. C. Armstrong amid rumors he absconded with $50,000–$100,000.
Measures: Bank displayed large quantities of gold, silver and bank notes to reassure depositors; withdrawals thereafter subsided.
Newspaper Excerpt: Depositors' Fears Aroused by Cashier's Recent Mysterious Disappearance... depositors... started a run on the bank last evening.
Source: newspapers

3. May 23, 1910 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (10)

1. January 16, 1906 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, January 16, 1906

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Article Text

PITTSBURG BANK RUN. Depositors' Fears Aroused by Cashier's Recent Mysterious Disappearance. Pittsburg, Jan. 16.-As the result of the mysterious disappearance of S. C. Armstrong, cashier of the Washington National Bank at Pittsburg, over three weeks ago, depositors, mostly foreigners, started a run on the bank last evening. Withdrawing of deposits was resumed today. The bank's deposits aggregate over a million dollars.

2. January 17, 1906 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, January 17, 1906

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Article Text

Bank Run Stops. run Pittsburg, Pa., Jan. 17.-The started yesterday on the Washington National bank of Pittsburg by foreign depositors had practically ceased today and the deposits far exceeded the amount withdrawn. Nothing is known regarding the whereabouts of Cashier S. C. Armstrong, who disappeared mysteriously over three weeks ago, and whose accounts are said to be absolutely correct.

3. January 17, 1906 Rock Island Argus Rock Island, IL

Article from Rock Island Argus, January 17, 1906

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Article Text

Run on Bank Checked. Pittsburg, Jan. 17.-The run started yesterday on the Washington National bank by foreign depositors had practically ceased today. The deposits far exceeded the amount withdrawn.

4. January 18, 1906 Ottumwa Tri-Weekly Courier Ottumwa, IA

Article from Ottumwa Tri-Weekly Courier, January 18, 1906

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Article Text

BANK RUN STOPS. Pittsburg Institution Weathers An Attack on its Stability. Pittsburg, Pa., Jan. 17.-The run which was started yesterday on the Washington National bank by foreign depositors had practically ceased today. The deposits far exceeded the amount drawn out by the anxious creditors.

5. January 18, 1906 Los Angeles Herald Los Angeles, CA

Article from Los Angeles Herald, January 18, 1906

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Article Text

Run on Pittsburg Bank Ceases By Associated Press. PITTSBURG, Pa., Jan. 17.-The run started yesterday on the Washington National bank of Pittsburg had practically ceased today and the deposits far exceeded the amount withdrawn. Nothing is known regarding the where. abouts of Cashier Armstrong, who disappeared mysteriously over three weeks ago and whose accounts are said to be absolutely correct.

6. January 18, 1906 Ottumwa Tri-Weekly Courier Ottumwa, IA

Article from Ottumwa Tri-Weekly Courier, January 18, 1906

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Article Text

BANK RUN STOPS. Pittsburg Institution Weathers An Attack on its Stability. Pittsburg, Pa., Jan. 17.-The run which was started yesterday on the Washington National bank by foreign depositors had practically ceased today. The deposits far exceeded the amount drawn out by the anxious creditors.

7. January 18, 1906 The Providence News Providence, RI

Article from The Providence News, January 18, 1906

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Article Text

HEAPS OF GOLD STOP BANK RUN Pittsburg, Jan. 18.-Immense quantities of gold, silver and bank notes, conspicuously stacked up within the railing at the Washington National bank, practically stopped the run that began upon the institution.

8. January 25, 1906 Valentine Democrat Valentine, NE

Article from Valentine Democrat, January 25, 1906

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Article Text

Run on Bank Ends. A run was started at Pittsburg, Pa., Tuesday, on the Washington National bank by foreign depositors and had practically ceased Wednesday. The deposits far exceeded the withdrawals.

9. January 30, 1906 Wausau Pilot Wausau, WI

Article from Wausau Pilot, January 30, 1906

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Article Text

A run on the Washington National bank of Pittsburg started when it became known that Cashier S. C. Armstrong had disappeared Jan. 2. It is rumored Armstrong has taken $50,000 to $100,000 of the funds of the bank with him, but this is denied by President Reilly. The run was checked.

10. February 1, 1906 Wood County Reporter Wisconsin Rapids, WI

Article from Wood County Reporter, February 1, 1906

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Article Text

A run on the Washington National bank of Pittsburg started when it became known that Cashier S. C. Armstrong had disappeared Jan. 2. It is rumored Armstrong has taken $50,000 to $100,000 of the funds of the bank with him, but this is denied by President Reilly. The run was checked.