Also in Yancheng, a queue of around 25 people formed outside a branch of Jiangsu Sheyang Rural Commercial Bank, the first bank to be identified in local media reports on Monday as being mobbed by depositors attempting to withdraw their savings on fears that it had become insolvent.
The governor of Sheyang county, which includes Yancheng, posted a video on the county government's website, urging depositors not to panic and saying bank deposits were protected.
"Please be assured that the People's Bank of China and the rural commercial bank system will ensure the interests of all depositors will be protected," county governor Tian Weiyou said in the two-minute video statement.
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"The county's rural commercial banks will ensure that there will be enough funds for depositors to withdraw at any given time."
Staff at the Jiangsu Sheyang bank were also handing out copies of a statement dated March 24, endorsed by the local branch of the central bank, People's Bank of China, as well as the China Banking Regulatory Commission and the Zhejiang Sheyang Rural Commercial Bank. The statement sought to reassure depositors about the condition of Jiangsu Sheyang bank.