STILL ROCKED BY THE CRISIS; The crisis at Northern Rock plunged the country into turmoil. A rumour that the Bank of England was preparing a rescue package for the Newcastle-based lender sparked the first run on a bank in more than a century. DAVID OLD looks back at the chaotic scenes and how the economy is shaping up 12 months on northern rock

Evening Chronicle (Newcastle, England), Sept 12, 2008

SEPTEMBER 14: Queues begin to form outside a number of branches, with hundreds of worried savers wanting to withdraw their money.

SEPTEMBER 20: Shares plunge to new low amid rumours Lloyds TSB and HBOS had launched takeover bids.

SEPTEMBER 25: Northern Rock announces that it is cancelling the dividend that it was due to pay shareholders in October. This would have cost the bank pounds 59m.

OCTOBER 9: The Treasury agrees to protect new savings deposited at Northern Rock.

OCTOBER 12: A consortium led by Sir Richard Branson's Virgin Group puts forward a proposal to rescue Northern Rock.

DECEMBER 13: Northern Rock announces that its chief executive Adam Applegarth has left the company earlier than planned.

JANUARY 11: Northern Rock agrees to sell pounds 2.2bn, or 2%, of its mortgage assets to US investment bank JP Morgan.

FEBRUARY 17: Neither of the two proposals tabled for Northern Rock, one from a group led by Virgin and the other from in-house management, offer enough value to the taxpayer, Chancellor Alistair Darling announces. The bank is nationalised and Ron Sandier is confirmed as the executive chairman.

MARCH 19: Northern Rock says it will cut about 2,000 jobs by 2011 and reduce its residential mortgage lending by half.

MARCH 31: Results for 2007 show a pre-tax loss of pounds 167.6m. The Rock pledges to repay its pounds 24bn state loan by 2010 and reveals Applegarth will get severance payments totaling pounds 785,000.

JULY 30: The Rock says it expects to make about 1,300 staff redundant as part of its restructuring plans.

AUGUST 5: Northern Rock announces bigger than expected losses of pounds 585.4m for the first six months of the year.

AUGUST 29: Rock announces it will rent or sell off office blocks in Gosforth, Newcastle and Sunderland as it confirms it has reduced its workforce from 6,000 to 4,500.

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17 SEPT 07 22 SEPT 07 30 SEPT 07 16 OCT 07 15 JAN 08 BETWEEN A ROCK AND A HARD PLACE: Customers queue to withdraw cash, Newcastle United pledge their support, runners at the Great North Run get behind the bank, bosses have to answer to MPs for the crisis and staff demonstrate outside a shareholders' meeting; VOW: Ron Sandler, executive chairman of Northern Rock says it will get back on its feet