gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6bdf6cbd49b13263
Response Measures
None
Description
Articles report a run and that the bank was turned over to examiners/receivers but later reporting about reopening is ambiguous.
Events (3)
1.December 17, 1925Run
Cause
Local Shock
Cause Details
Run followed heavy withdrawals amid frozen livestock loans and distress among Denver banks; crowd sought withdrawals after failures elsewhere.
Newspaper Excerpt
a run on the Capitol Hill yesterday was instrumental in the closing
Source
newspapers
2.December 18, 1925Receivership
Newspaper Excerpt
The Capitol Hill State Bank was put in the hands of receivers this morning after the Metropolitan State Bank failed to open its doors.
Source
newspapers
3.December 18, 1925Suspension
Cause
Government Action
Cause Details
State bank examiners/receivers took charge and the bank failed to open its doors after the run.
Newspaper Excerpt
the Capitol Hill State Bank ... failed to open today. ... examiners had taken charge
Source
newspapers
Newspaper Articles (18)
1.December 18, 1925Evening StarWashington, DC
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Article Text
TWO MORE BANKS CLOSED IN DENVER Five Forced to Suspend in Two Days Due to "Frozen Assets." By the Associated Press. DENVER, Colo., December 18.Two additional Denver banks-the Capitol Hill State Bank and the Metropolitan State Bank-failed to open today. Grant McFerson, State bank commissioner, announced that examiners had taken charge of the Metropolitan and Capitol Hill Banks. Both are small institutions. Steady withdrawals from the Metropolitan during the week and a run on the Capitol Hill yesterday was instrumental in the closing, officials said. Three others-the Drovers' National Bank, the Broadway National Bank and the North Denver Bank, the latter a State institution-closed their doors yesterday. The deposits of the three banks aggregated approximately $4,400,000-the Broadway with $3,088,683, the Drovers' National, $1,100,100 and the North Denver Bank, $258,000 Blame Frozen Assets. Frozen assets in live stock loans and an impairment of capital were the reasons indicated by national bank examiners for the closing of the two national banks, while State bank examiners, who took charge of the North Denver Bank, would not make public any reason for its closing. Gordon F. Hollis is president of the two closed national banks while Mrs. Marguerite Hollis, his wife, was named president of the North Denver Bank last year, succeeding her husband, who previously had been the institution's head. Declines Any Statement. L. K. Roberts, chief national bank examiner for the tenth Federal reserve district, took the two national banks under charge and Grant R. McFerson, State bank commissioner, was in charge of the North Denver institution last night. Hopes of an early reopening of the two national banks were asserted by Mr. Hollis in a statement last night. He said that the depression in the live stock industry caused the main depreciation of the national banks' assets. Mr. Roberts declared that he was "not in a position to say what things had happened at the banks."
2.December 18, 1925The Indianapolis TimesIndianapolis, IN
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Article Text
FROZEN CREDITS CLOSE 5 BANKS Denver Nervous After Series of Failures. Bu United Press DENVER. Colo., Dec. 18.--With five local banks closed and in the hands of bank examiners, all Denver nervously awaited the next move in financial circles today. The Capitol Hill State Bank was put in the hands of receivers this morning after the Metropolitan State Bank failed to open its doors. Yesterday the Drovers National, the Broadwey National and the North Denver State Bank were placed in the hands of Federal and State examiners. Frozen credits and the depression in the livestock industry were jointly blamed for the failure of the institutions whose deposits total several million dollars.
TWO MORE BANKS CLOSE Epidemic of Financial Disaster In Denver - Four Institutions Now Have Closed Doors. Denver. Colo., Dec. 18 (AP) -Two additional Denver banks-the Capitol Hill State bank and the Metropolitan State bank-failed to open today. Two National banks and one state bank were closed yesterday. Grant McFerson, state bank commissioner announced that examiners had taken charge of the Metropolitan and Capitol Hill banks. Both are small institutions. Steady withdrawals from the Metropolitan during the week and a run on the Capitol Hill yesterday were instrumental in the closing, officials said. The banks closed yesterday were the Broadway National, the Drovers National and the North Denver bank, the latter a state institution. These banks had deposits of about $3,500,000. The Broadway National was the largest with deposits of about $2,500,000. Impairment of capital and frozen paper in livestock loans were ascribed as the reason for the closing of the two National banks. Gordon Hollis was president of the two National banks and his wife, Mrs. M. E. Hollis, was president of the North River bank.
4.December 18, 1925Tulare Advance-RegisterTulare, CA
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Article Text
RUN ON DENVER BANKS FORCES 5 CLOSE DOORS
FROZEN LOANS BLAMED; BOOKS TURNED OVER TO STATE BANK EXAMINERS
[By United Press]
DENVER. Colo., Dec. 18.-Five banks have closed their doors in Denver within two days. The Metropolitan State Bank and Capitol Hill today failed to open its doors. Yesterday the Denver National, Broadway National, and the North Denver State Bank all were placed in the hands of federal and state examiners. James E. Adams, president of the Metropolitan bank said today that the bank had been turned over to state examiners at his request. The Metropolitan several weeks ago, according to Adams, had deposits of $400,000 and since that time they have been reduced. to about $100,000. "In view of the bad banking situation here and to protect the interests of our depositors," he said, "we deemed it advisable to turn the bank over to state officials." Heavy Run Develops A heavy run developed this morning when the Central Savings Bank and Trust company opened its doors. It was estimated that 500 persons were waiting in the street in front of the bank. Police were in charge of the crowd and only a few were let into the bank at time. Rumors were afloat all over town and a serious situation was developing with withdrawals increasing at many banks. The Capitol Hill state bank was put in the hands of state examiners shortly after opening this morning when a crowd was found waiting to withdraw their accounts. This makes five banks with closed doors.
TWO ADDITIONAL DENVER BANKS CLOSED TODAY
By Associated Press.
Denver, Colo., Dec. 18.—Two additional Denver banks, the Capitol Hill State Bank and the Metropolitan Bank, failed to open today.
Two national banks and one state bank were closed yesterday.
Steady withdrawals from the Metropolitan bank during the week and a run on the Capital bank yesterday was instrumental in the closing, the officials said.
Impairment of capital and frozen paper on livestock loans are ascribed as reasons for the closing of the two national banks.
By Associated Press.
Denver, Colo., Dec. 18.—Two additional Denver banks, the Capitol Hill State Bank and the Metropolitan Bank, failed to open today.
Two national banks and one state bank were closed yesterday.
Steady withdrawals from the Metropolitan bank during the week and a run on the Capital bank yesterday was instrumental in the closing, the officials said.
Impairment of capital and frozen paper on livestock loans are ascribed as reasons for the closing of the two national banks.
7.December 18, 1925The Hanford SentinelHanford, CA
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Article Text
FIVE BANKS UNDER
CLOSING OF TWO BANKS TO RUN ON OTHERS WHICH RE. SULTS IN STATE AND
AL EXAMINERS TAKING CON-
TROL.
Denver. Dec. Press) Five banks have closed their doors in Denver within two days. The Metropolitan State Bank today failed to open its doors. Yes. terday the Drovers National, Broadway National and the North Denver State Bank all were placed in the hands of federal and state examinors. James E. Adams, president of the Metropolitan bank. said today that the bank had been turned over the state examiners at his request. The Metropolitan several weeks ago according to Adams, had deposits of $400,000 and since that time they have been reduced to about $100,000. "In view of the banking situation here and to protect the interests fo our depositors. he said, deemed it advisable to turn the bank over to state officials.' A heavy run developed this morning when the Central Savings Bank and Trust company opened its doors. was estimated that 500 persons were waiting in the street in front of the bank. Police were in charge of the crowd and only few were let into the bank at time. Rumors afloat all over town and serious situation ing with withdrawals increasing at many banks The Capitol Hill State Bank was put in the hands of state examiners shortly after opening this morning when crowd waiting to withdraw their accounts. This makes five banks with closed doors. The Capitol Hill State Bank is small suburban bank.
8.December 18, 1925The Times-NewsTwin Falls, ID
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Article Text
FIVE DENVER BANKS CLOSE THEIR DOORS
Last of Group Is Locked Today By State Examiner.
LOANS INVOLVED
Cattle Men Responsible For Drain Which Caused
Bad Situation.
DENVER, Dec ed reports late hour stated tetal nine banks had closed their doors here
DENVER, Dec. 18 Four banks have closed their doors in Denver within days. The Metropolitan State bank today failed to open the Drovers National; Broadway National and the North Denver State bank were all placed in the hands of federal and state examiners. James E. Adams, president of the Metropolitan bank. said today bank had been turned over to state examiners at request The Metropolitan several weeks ago according to Adams, had deposits of $400.00 and time they have been reduced to about "In view the bad banking situation here and to protect the interests of our depositors, he said, advisable to turn the bank over state heavy run developed this morning when the Central Savings Bank and Trust company opened its doors was estimated that 500 persons were waiting in the street in front of the bank. Police were in charge of the crowd and only few were let into the bank time. Rumors all over town and situation was developing with withdrawals many banks. The Capitol Hill state bank was put the hands of state examiners opening this morning when crowd was found waiting to their accounts. This makes five banks with closed doors. The Capitol Hill State bank small suburban bank.
9.December 18, 1925Progress-BulletinPomona, CA
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Article Text
DENVER ON
Critical Situation Evident As Depositors Take Out Funds: Police Called to Control Lines Waiting to Get Money; State Examiners Take Charge of Each
DENVER, Colo., Dec. banks have closed their doors In Denver within two days. The Metropolitan State bank today failed to open its doors. Yesterday the Drovers National, Broadway National and the North Denver State bank all placed in the hands of federal and state examiners. The Capitol Hill State bank was put in the hands of the state when crowd started
James Adams, president of the Metropolitan bank, today that the bank had been turned request. The Metropolitan weeks ago, according Adams, had deposits $400,000 since that time they been to about view of the bad banking situation and to protect the interdeemed advisable the bank over to state officials." heavy run ing when the Central and Trust company opened its doors. estimated that 500 persons waiting in the street front of the bank. Police charge of the few were let into the bank afloat all over town and situation developing with withdrawals increasing banks. The Capitol Hill State bank put in state this crowd found waiting withdraw their accounts. This five banks with closed The Capitol Hill State bank small suburban bank.
Iowa, Dec. Peoples Savings bank here failed its doors The closing the bank of Newhall. Iowa, few days ago, lieved have caused heavy drawals from local Deposits totalled $360,000. Officers of the bank declared day they confident would able to pay their depositors and reorganize the bank. The total amount of deposits tied in the five banks which closed The excitement prevailed here today that has been for years. the height the Christmas shopping season felt sharply the Many could not get their and refused spend. front Central Savings and Trust where 500 there was much citement and called insure and bank books milled about and peered each other's door where only admitted time. believed all the small banks will before the day closes advantage of the sixty day According the officials of all but the national banks closed yesterday, there for alarm banks placed hands examiners to protect depositors. afloat thrusible check of them.
10.December 18, 1925The Whittier NewsWhittier, CA
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Article Text
FIVE DENVER BANKS ARE FORCED TO CLOSE
Serious Situation Is Developing as Runs Are Started
DENVER, Colo., Dec. 18. (United Press)-Four banks have closed their doors in Denver within two days. The Metropolitan State Bank today failed to open its doors. ter the Drovers' National, Broadway National and the North Denver State bank were placed in the hands of Federal and State examiners. James R. Adams, president of the Metropolitan bank, said today that the bank had been turned over to State Examiners at his request. The Metropolitan several weeks ago, according to Adams, had deposits of $400,000 and since that time they have been reduced to about In view of the bad banking situation here and to protect the interests our depositors,' he said. "We deemed advisable to turn the bank over to State officials. A heavy run developed this morning when the Central Savings Bank and Trust Company opened its doors. It was estimated that 500 persons were waiting in the street in front of the bank. Police were in charge of the crowd and only a few were let into the bank at time. Rumors were afloat all over town and serious situation was developing with withdrawals increasing at many banks. The Capitol Hill State bank was put in the hands of state examiners shortly after opening this morning when crowd was found waiting to withdraw their accounts. This makes five banks with closed doors. The Capitol Hill State bank is a small suburban bank.
By United Press Leased Wire. DENVER, Colo., Dec. 18.-With
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11.December 18, 1925Los Angeles Evening Post-RecordLos Angeles, CA
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Sig Smith gets paid for this. Otherwise there would be no use in doing it. He's performing from the top of the Western Union building in New York City.
FOURTH DENVER BANK IS CLOSED
Denver, Colo., Dec. 18.—Four banks have closed their doors in Denver within two days.
The Metropolitan State bank today failed to open its doors. Yesterday the Drovers' National, Broadway National and the North Denver State bank all were placed in the hands of federal and state examiners.
James E. Adams, president of the Metropolitan bank, said today that the bank had been turned over to state examiners at his request. The Metropolitan several weeks ago, according to Adams, had deposits of $400,000, and since that time they have been reduced to about $100,000.
"In view of the bad banking situation here and to protect the interests of our depositors," he said, "we deemed it advisable to turn the bank over to state officials."
A heavy run developed this morning when the Central Savings Bank & Trust company opened its doors. It was estimated that 500 persons were waiting in the street in front of the bank.
Police were in charge of the crowd and only a few were let into the bank at a time.
Rumors were afloat all over town and a serious situation was developing, with withdrawals increasing at many banks.
The Capitol Hill State bank was put in the hands of state examiners shortly after opening this morning when a crowd was found waiting to withdraw their accounts. This makes five banks with closed doors. The Capitol Hill State bank is a small suburban bank.
Probing Crashes In S. F. Building
San Francisco, Dec. 18.—Recommendation that the city building department add more inspectors was on file today from the coroner's jury which investigated a crash here this week in which four men were killed and eight injured.
The jury absolved from blame contractors putting up a new building beside the one that collapsed.
In another crash three months ago one man was killed and one injured.
Hunt Two Bodies In Monterey Bay
Monterey, Cal., Dec. 18.—Further search for the bodies of two men missing since early Monday when they and their boat disappeared on the bay here, was carried on today, following discovery of wreckage from the launch.
Nicholas Romanoff, importer and exporter, and Peter Remneff, the missing men were engaged in crab fishing when they dropped from sight. It is believed heavy surf at the mouth of the Salinas river swamped their launch.
SO THIS IS VENICE
VENICE—Radio amateurs in Venice who own private gondolas have fitted them with radio-receiving sets and small loud speakers. The new impression of this picturesque city will be gondolas floating about the canals on a moonlight night with the musical varieties of broadcast selections.
12.December 18, 1925Lincoln Journal StarLincoln, NE
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Denver State Close.
DENVER, Dec. 18.—(U.P.)—With five local banks closed and in the hands of bank examiners, all Denver nervously awaited the next move in financial circles today.
The Capitol Hill State bank was put in the hands of receivers this morning after the Metropolitan State bank failed to open its doors. Yesterday the Drovers' National, the Broadway National and the North Denver banks were placed in the hands of federal and state examiners.
Frozen credits and the depression in the livestock industry were jointly blamed for the closing of the institutions whose deposits total several millions of dollars.
James E. Adams, president of the Metropolitan bank said today that the bank had been turned over to state examiners at his request. Several weeks ago this bank had deposits of $400,000 but since that time they have been reduced to about $100,000.
13.December 18, 1925The Whittier NewsWhittier, CA
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FIVE DENVER BANKS ARE FORCED TO CLOSE
Serious Situation Is Developing as Runs Are Started
DENVER, Colo., Dec 18. (United Press)-Fo banks have closed their doors in Denver within two days. The Metropolitan State Bank today failed to open its doors. Yester the Drovers National, Broadway National and the North Denver State bank were placed in the hands of Federal and State examJames R. Adams, president of the Metropolitan bank, said today that the bank had been turned over to State Examiners at his request. The Metropolitan several weeks ago, to Adams, had deposits of $400,000 and since that time they have been reduced to about $100,000 "In view of the bad banking situation here and to protect the interests of depositors, he said. We deemed advisable to turn the bank over to State officials. A heavy run developed this morning when the Central Savings Bank and Trust Company opened its doors. It was estimated that 500 persons were waiting in the street in front of the bank Police were in charge of the crowd and only few were let into the bank at time Rumors were afloat all over town and a serious situation was developing with withdrawals increasing at many banks. The Capitol Hill State bank was put in the hands of state examiners shortly after opening this morning when crowd was found waiting to withdraw their accounts This makes five banks with closed doors. The Capitol Hill State bank is a small suburban bank
By United Press Leased Wire. DENVER, Colo., Dec 18.-With
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14.December 18, 1925The Stockman's JournalOmaha, NE
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FIVE DENVER BANKS CLOSED IN TWO DAYS
Frozen Credits and Depression in Live Stock Industry Given as Cause.
Denver, Colo., Dec. 18.—With five local banks closed and in the hands of bank examiners, all Denver nervously awaited the next move in financial circles today.
Frozen credits and the depression in the live stock industry were jointly blamed for the closing of the institutions whose deposits total several millions of dollars.
The Capitol Hill State bank was put in the hands of receivers this morning after the Metropolitan State bank failed to open its doors. Yesterday, the Drovers National, the Broadway National and the North Denver State banks were placed in the hands of federal and state examiners.
James E. Adams, president of the Metropolitan bank, said that the bank had been turned over to state examiners at his request. Several weeks ago this bank had deposits of $400,000, but since that time they have been reduced to about $100,000.
The Drovers National bank and the Broadway National bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon.
Although no statement had been issued by Gordon Hollis, president of the two closed national banks, he replied to questions that frozen cattle loans were a cause of their closing.
Iowa Bank Closes.
Vinton, Ia., Dec. 18.—The Peoples Savings bank here failed to open its doors today following a meeting of the board of directors yesterday. Closing of the Bank of New Hall, Ia., a few days ago is believed to have caused heavy withdrawals from the local bank. Deposits totalled $360,000. Officers of the bank declared today they were confident they would be able to pay their depositors in full and reorganize the bank.
15.December 18, 1925Daily American RepublicPoplar Bluff, MO
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FIVE DENVER BANKS CLOSED
Ey United Press DENVER. Colo., Dec. five local banks closed and in the hands of bank examiners. all Denver nervously awaited the next move in firencial circles today. The Capitol Hill State Bank was put into the kinds of receivers this afternoon after the Metropolitan State Bank failed to open its doors. Yesterday. the Drovers' National. The Broadway National and the North Denver State Banks were placed in the hands of federal and state examiners. Frozen credits and the depression in the live stock industry were jointly blamed for the closing of the Institutions whose deposits total seven millions of dollars. While the belief was expressed by officials that the banks would open for business as soon as their affairs were straightened out, the depositors about notices of closing and speculated on their chances. Police were in charge of a crowd estimated at more than 500 persons who started on the Central Savings Bank today. Only few depesitors were admitted at'a time. With Christmas shopping at its peak, depositors found themselves unable to do much buying and recalling two previous bank failures in the past two years.
By United Press
DENVER. Colo., Dec. 18.-With Christmas shopping at its height, *hree Denver banks today were in the hands of bank examiners. The National Bank and the Broadway National Bank were closed at noon yesterday when it was found they could not meet their liabilities. The North Denver State Bank was closed last night at the request of the officers of the institution after a heavy run during the afternoon. Although no statement has been issued by Gordon Hollis, president of the two closed National banks, he replied affirmatively to questions that frozen paper cattle loans were the cause of their closing. It was announced today that all business done during the forenoon yesterday was kept separate and that deposits made will be returned in full
16.December 19, 1925The McCook Daily GazetteMcCook, NE
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BANK PANIC DENVER SUBSIDES
Populace Quiets Down While Bankers Say Will Within Few Days
Denver, Dec. officials of five banks that closed in Denver Thursday and Friday were making efforts to reopen their closed institutions, excitement that prevailed here yesterday had moderated today. Gordon Hollis, president of ers National bank, and the Broadway National bank, the first two to close their doors, said work was der way to reopen the Broadway bank. Officials of the Metropolitan and Capitol Hill State banks placed their affairs in the hands of examiners yesterday and said they believed both would reopen in short time. No statement was forthcoming from the North Denver State bank, but was said to have been solvwhen Roberts, chief national bank examiner, remained in charge of the two banks, and will make statement within few days as to their condition.
17.December 20, 1925Star TribuneMinneapolis, MN
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Two Additional Banks Close Doors in Denver
Denver, Dec. 19. (By Associated Press.) small state failing to their dors yesterday, left Den pen ver with five closed banks. The banks, with total deposits of ap proximately $4,250,000. are the Broadway National bank, the Drovers' tional bank and the North Denver bank, which closed yesterday, and the Capitol Hill State bank and the Metropolitan State bank, which did not open today.
18.December 20, 1925The Daily WorkerNew York, Chicago, NY
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FIVE BANKS CLOSE IN DENVER WITHIN TWENTY-FOUR HOURS DENVER, Colo., Dec: 18.-The Metropolitan State Bank and the Capitol Hill State Bank closed their doors here today, bringing the number of banks to close up within 24 hours to five. The North Denver State Bank closed after examiners had taken charge of the Broadway National & Drovers' National Banks. Total deposits of $4,000,000 are involved. "Frozen" assets are given as the reasons for the closing of the banks. Depositors fearing loss of their savings have started runs on the other banks in the city.
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.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
