Bank of Commerce (Lexington, KY)

Episode Information

Episode UID
73001071453
Episode Type
Run Only
Bank Type
state
Bank ID
7300107 routing
Routing Number
73-0010
Start Date
January 6, 1921
Location
Lexington, Kentucky (37.989, -84.478)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2733ed18a13de086

Response Measures

None

Events (1)

1. January 6, 1921 Run
Cause
Rumor Or Misinformation
Cause Details
Widespread rumors that the bank was overloaded with tobacco notes and plantation paper (Burley tobacco tie-in).
Measures
Tellers paid out cash; other local banks and businessmen furnished currency and deposited funds to meet withdrawals, halting the run.
Newspaper Excerpt
Frightened by rumors that the Bank of Commerce ... was overloaded with tobacco notes and paper, depositors started a run on the institution today.
Source
newspapers

Newspaper Articles (10)

Article from The Guthrie Daily Leader, January 6, 1921

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Article Text

Wild Report Starts Bank Run Lexington, Ky., Jan. 6.-A run on the Bank of Commerce, Capital $300,000. was started today when re port became current that the bank was overloaded with tobacco notes and other plantation paper. The depositor were being paid by perspiring tellers as fast as they reached the several windows. Oth. er banking houses are aiding by furnishing currency.


Article from Richmond Daily Register, January 6, 1921

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Article Text

RUN ON LEXINGTON BANK ENDS QUICKLY Other Banks and Business Men Rally To Support of Bank of Commerce There (by Associated Press) Lexington, Ky., Jan. 6-Frightened by rumors that the Bank of Commerce of Lexington, with a capital of $300,000, as overloaded with tobacco notes and paper. depositors started a run on that institution today. A crowd of SCVeral hundred persons was in front of the bank at noon with the tellers paying out money as last they could count it.


Article from The Daily Star-Mirror, January 6, 1921

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Article Text

Run On Kentucky Bank. Lexington, Ky.-(By A. P.) -Alarmed by reports that the Bank of Commerce here, capitalized at $300,000, is overloaded with tobacco paper, depositors started a run on it today. Several hundred were in front of the bank at noon and tellers were paying out money as fast as possible.


Article from Imperial Valley Press, January 6, 1921

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Article Text

START RUN ON LEXINGTON BANK LEXINGTON, Ky., Jan. 6. Alarmed at rumors that the Bank of Commerce, with a capital stock of $300,000 is overloaded with tobacco notes and paper, depositors started a run on the bank today. Several hundred were in front of the bank at noon, the tellers paying out money as fast as they could count.


Article from Americus Times-Recorder, January 6, 1921

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Article Text

RUN STARTS ON TOBACCO BANK. LEXINGTON, Ky. Jan. 6.-Frightened bv rumors that the Bank of Commerce, of Lexington, an institution with a capital of $300,000, was over-loaded with tobacco notes and paper, the depositors started a run on that institution today. At noon a crowd of several hundred persons was before the bank, and tellers were paying out money as fast as they could count it.


Article from The Rock Island Argus and Daily Union, January 6, 1921

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Article Text

STARTBANK RUN IN LEXINGTON Frightened by Ramor of Financial Overlead of Tobacco Notes De positers Claim Cash. Lexington, Ky., Jan. 6.-Frightened by rumors that the Bank of Commerce of Lexington, an institution with a capital stock of $300,000, was overloaded with tobacco notes and paper, depositors started a run on that institution this morning. A crowd of several hundred persons was in front of the bank at noon and tellers were paying out money as fast as they could count it.


Article from Every Evening, Wilmington Daily Commercial, January 6, 1921

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Article Text

RUN ON "TOBACCO" BANK. Scared Depositors Hastily Withdrawing Money at Lexington, Ky. By Associated Press to Every Evening. Lexington, Ky., Jan. 6.-Frightened by rumors that the Bank of Commerce of Lexington, an institution with a capital stock of $500,000 was over loaded with tobacco notes and paper, depositors started a run on the institution this morning. A crowd of several hundred persons was in front of the bank at noon and tellers were paying out money as fast as they could count it.


Article from The Bridgeport Times and Evening Farmer, January 7, 1921

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Article Text

Depositors started a run on the Bank of Commerce, of Lexington, Ky. an institution with a capitol stock of $300,000, when rumors were current that the institution had been overloaded with tobacco notes and paper.


Article from The Washington Herald, January 7, 1921

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Article Text

BANKS CO-OPERATE; HALT MONEY RUSH LEXINGTON Ky., Jan. 6.-A "run" started this morning on the Lexington Bank of Commerce was halted shortly after noon today through co-operation of other Lexington banks. The sudden withdrawal of funds is alleged to have been caused by the tense situation in the Burley tobacco belt of Kentucky. Several large tobacco dealers are officials and stockholders in the Bank of Commerce. When anxious depositors beseiged the building this morning. demanding their money, other Lexington banks were notified. Tellers in the Bank of Commerce piled up huge stacks of money and met demands for cash as rapidly as they were made. Meanwhile heavy depositors from other banks lined up at the receiving windows and poured money into the bank more rapidly than it could be counted out to the crowd. thus checking the rush.


Article from The Adair County News, January 19, 1921

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Article Text

Frightened by rumors that the Bank of Commerce of Lexington was overloaded with tobacco notes, depositors started a run, on the institution Thursday, but friends of the bank came to the rescue and soon the line of depositors was greater than that of of those who were withdrawing funds