gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5b7832a7cfee2d9f
Response Measures
None
Description
Articles mention both a three-day run caused by rumors and later discovery of insufficient cash and the president missing; sequence implies permanent closure but receiver not explicitly named.
Events (2)
1.January 29, 1925Run
Cause
Rumor Or Misinformation
Cause Details
Three-day run attributed to rumors about the bank's stability.
Newspaper Excerpt
A three-day run caused by rumors regarding the bank's stability was given as the cause of the closing.
Source
newspapers
2.January 29, 1925Suspension
Cause
Government Action
Cause Details
Officers requested state bank commissioner take over after bank failed to open following the run; state examiner directed an examination.
Newspaper Excerpt
Italian-American bank of Denver failed to open for business today. Officers of the institution asked the state bank commissioner to take over the bank's affairs.
Source
newspapers
Newspaper Articles (13)
1.January 29, 1925The San Diego SunSan Diego, CA
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Article Text
Run Closes Bank In Denver, Colo.
(By United Press Leased Wire) DENVER. Colo., Jan. Italian-American bank of Denver failed to open for business today Officers of the institution asked the state bank commissioner to take over the bank's affairs, it was reported. A three-day run caused by rumors regarding the bank's stability was given as the cause of the closing.
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2.January 29, 1925The Seattle StarSeattle, WA
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Article Text
Rumors Cause Bank in Denver to Close DENVER, Jan. 29.-The ItalianAmerican bank of Denver failed to open for business today. It was said that officers of the institution had asked that the state bank commissioner take over the bank's affairs. A three-day run, caused by rumors regarding the bank's stability, was given as the cause of the closing. The bank had a capital of $100,000 and a surplus of $40,000.
3.January 29, 1925The BulletinBend, OR
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Article Text
RUN ON DENVER BANK RESULTS IN CLOSING
Leased Wire to Bulletin) Jan. ItalianAmerican bank Denver failed to open business today. was said that officers of the institution had asked that the state bank missioner take over the bank's fairs. three day run. caused by regarding the bank's stability given the cause of the as The bank had capital and surplus of
4.February 5, 1925Bonners Ferry HeraldBonners Ferry, ID
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Article Text
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS
Denver-Police throughout the country were asked to keep ch for Prospero Frazzinni, president of the Italian-American bank, which closed its doors here when is was discovered that It had insufficient cash or negotiable securities to meet half f'its liabilities of $707,792.17 and started a run. Search for Frazzinni we ordered when it was learned that he had been missing from his home. Grant McFerson, of the state bank examiner's office, was directing an examination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
5.February 5, 1925Belt Valley TimesBelt, Armington, MT
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Article Text
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS Denver.-Police throughout the country were asked to keep watch for Prospero Frazzinni, president of the Itallan-American bank, which closed its doors here when is was discovered that It had insufficient cash or negotiable securities to meet half of its liabilities of $707,792.17 and started a run. Search for Frazzinni W a S ordered when It was learned that he had been missing from his home. Grant McFerson, of the state bank examiner's office, was directing an examination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
6.February 5, 1925Gallatin County Tribune and Belgrade JournalBozeman, MT
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Article Text
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS
Denver-Police throughout the country were asked to keep watch for Prospero Frazzinni, president of the ItalIan-American bank, which closed its doors here when is was discovered that It had insufficient cash or negotiable securities to meet half of Its liabilities of $707,792.17 and started a run. Search for Frazzinni ordered when it was learned that he had been missing from his home. Grant McFerson, of the state bank examiner's office, was directing an ex. amination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS
Denver.-Police throughout the country were asked to keep watch for Prospero Frazzinni, president of the Italian-American bank, which closed its doors here when is was discovered that it had insufficient cash or negotiable securities to meet half of its liabilities of $707,792.17 and started a run. Search for Frazzinni ordered when it was learned that he had been missing from his home. Grant McFerson. of the state bank examiner's office, was directing an examination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
8.February 5, 1925The Chester ReporterChester, MT
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Article Text
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS throughout the country asked to keep watch for ProsFrazzinni, president of the Itallan-American bank, which closed its doors here when is was discovered that had insufficient negotiable securities to meet half of Its liabilities and started run. Search for Frazzinni ordered when it was learned that he had been missing from his home. Grant McFerson, of the state bank examiner's office, was directing an ex amination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
9.February 5, 1925The Columbus NewsColumbus, MT
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Article Text
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS
Denver. throughout the eountry were asked to keep watch for Prospero Frazzinni, president of the Italian-American bank, which closed its doors here when is was discovered that It had insufficient cash or negotiable securities to meet half of its liabilities of $707,792.17 and started a run. Search for Frazzinni W ordered when It was learned that he had been missing from his home. Grant McFerson. of the state bank examiner's office. was directing an ex. amination of the bank's records, while the district attorney's office also defailed Investigators to probe the cause of the failure.
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS
Denver.-Police throughout the country were asked to keep watch for Prospero Frazzinni, president of the Italian-American bank, which closed its doors here when is was discovered that It had insufficient cash or negotiable securities to meet half of its liabilities of $707,792.17 and started a run. Search for Frazzioni W ordered when it was learned that he had been missing from his home. Grant McFerson. of the state bank examiner's office. was directing an examination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
11.February 6, 1925The Ekalaka EagleEkalaka, MT
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Article Text
DENVER BANK IS CAUSE OF CLOSING DOORS the country to keep watch for Frazzinni, president the Italian-American bank, which closed its doors here when was discovered that had insufficient cash or negotiable meet half of liabilities and started run. Search Frazzinni ordered when was learned that he had been missing from his home. Grant of the state bank examiner's amination the bank's records, while the district attorney's office also detailed investigators to probe the cause the failure.
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS throughout the try asked to keep watch for ProsFrazzinni, president of the Italian-American bank, which closed its doors here when discovered that had insufficient cash negotiable securities meet half of its liabilities and started run. Search for Frazzinni ordered when learned that he had been missing from his home. Grant McFerson, of the state bank examiner's office, was directing an examination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
13.February 7, 1925The Boulder MonitorBoulder, MT
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Article Text
RUN ON A DENVER BANK IS CAUSE OF CLOSING DOORS
Denver.-Police throughout the country were asked to keep watch for Prospero Frazzinni, president of the Italian-American bank, which closed its doors here when is was discovered that it had insufficient cash or negotiable securities to meet half of its liabilities of $707,792.17 and started a run. Search for Frazzinni W ordered when It was learned that he had been missing from his home. Grant McFerson, of the state bank examiner's office, was directing an examination of the bank's records, while the district attorney's office also detailed investigators to probe the cause of the failure.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
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