gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b2899896cf0f95a7
Response Measures
None
Description
The bank experienced steady withdrawals and a small run following the failure of other local banks before suspending operations.
Events (3)
1.December 14, 1925Run
Cause
Local Banks
Cause Details
Steady withdrawals throughout the week following the failure of other local banks (Broadway National, Drovers National, and North Denver State).
Measures
The bank was turned over to state examiners at the president's request to take precautionary measures.
Newspaper Excerpt
Steady withdrawals from the Metropolitan during the week and a run on the Capitol Hill yesterday were instrumental in the closing
Source
newspapers
2.December 18, 1925Suspension
Cause
Local Banks
Cause Details
Heavy withdrawals and a small run triggered by the failure of three other Denver banks the previous day.
Newspaper Excerpt
the Metropolitan State bank failed to open its doors. ... James E. Adams, president of the Metropolitan bank said today that the bank had been turned over to state examiners at his request.
Source
newspapers
3.December 19, 1925Other
Newspaper Excerpt
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. Both declare dthemiselves to be solvent and strong and expect to reopen scon enough securities can be turned into cash to withstand run develops. Both institution's will be able to liquidate and depositors will be paid full, according to The total deposits in the five banks now closed amount to nearly five million dollars. 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. 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. The bank will reopen in days, having taken advantage of the depositors to notice fore withdrawing their funds. In the banks closed Thursday, two more were closed Friday the request of their officers, the Capital State bank and the Metropolitan State bank. both known neighborhood banks and operating in the residence districts. Both declare dthemiselves to be solvent and strong and expect to reopen scon enough securities can be turned into cash to withstand run develops. small run the Metropolitan bank Friday morning, hastening the decision of the officers take precautionary measures. Both institution's will be able to liquidate and depositors will be paid full, according to The total deposits in the five banks now closed amount to nearly five million dollars.
Source
newspapers
Newspaper Articles (12)
1.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.
3.December 18, 1925The Bismarck TribuneBismarck, Mandan, ND
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Article Text
McFerson announced that his department's 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 factors in the>closing, officials said. The banks closed yesterday were the Broadway National, the Drover's National, and the North Denver bank, the latter a state institution. These three banks had deposits of approximately $3,500,000. The Broadway National was the largest, with deposits totaling about $2,500,000. - Impairment of capital and frozen paper in livestock loans were ascribed as the reasons for the closing of the two national banks.
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.
6.December 18, 1925Lincoln Journal StarLincoln, NE
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Article Text
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.
FIVE BANKS IN DENVER CLOSE
Frozen Paper on Cattle Loans Is Blamed
By United Press. DENVER, COL., Dec. Gve local banks closed and in the hands of bank examiners, all Denver nervously move The Hill State Bank was put the hands the Metropolitan State Bank open its Yesterday Drovers National the Broadway National and the North Denver State Banks taken over by federal and state examiners James E. Adams, president of Metropolitan said today the bank had been over to state ex his The several weeks ngo had deposits of $400,000. Adams time they have dwindled to "In view of the bad banking situ visable the bank Drovers National Bank and the Broadway National Bank closed noon yesterday. They could not meet North Denver State Bank closed last night after heavy run. Central Savings Bank Trust Co. with resignation of Gordon Hollis, president of the two national banks. issued that his bank was not affected by resignation.
8.December 19, 1925The McCook Daily GazetteMcCook, NE
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Article Text
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.
9.December 19, 1925Star-HeraldScottsbluff, NE
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Article Text
MORE BANKS CLOSE DOORS YESTERDAY
Sixth Bank Remains Open Because of Quick Wit of Preacher.
Denver, Dec. 18. would have been the sixth bank failure in days in Denver, was averted dramatic fashion Friday by Bishop Frank Rice of the Liberal Church, Inc., who forced his way through an excited mob of depositors clamoring the door of the Central Savings bank, made deposit $100 his account, and therehalted run on the institution. have faith. have placed my money in the hands of these men. would be foolish thing to make on this institution: would bring ruin yourselves. beg of you to have No sermon ever had more telling effect and he walked away with the crowd following him. The bank will reopen in days, having taken advantage of the depositors to notice fore withdrawing their funds. In the banks closed Thursday, two more were closed Friday the request of their officers, the Capital State bank and the Metropolitan State bank. both known neighborhood banks and operating in the residence districts. Both declare dthemiselves to be solvent and strong and expect to reopen scon enough securities can be turned into cash to withstand run develops. small run the Metropolitan bank Friday morning, hastening the decision of the officers take precautionary measures. Both institution's will be able to liquidate and depositors will be paid full, according to The total deposits in the five banks now closed amount to nearly five million dollars.
10.December 20, 1925Star TribuneMinneapolis, MN
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Article Text
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.
11.December 20, 1925The Daily WorkerNew York, Chicago, NY
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Article Text
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.
12.December 24, 1925The Effingham DemocratEffingham, IL
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Article Text
FIVE DENVER BANKS CLOSED
Denver, Dec. 18.-With five local banks in the hands of examiners, all Denver awaits the next move in financial circles. The Capital Hill State Bank recrivers after the Metropolitan State Bank had failed to open its doors. Yesterday three other banks were placed in the hands of examiners. Frozen creditors and the depreciation in livestock are given as reasons for the condition
Mrs. I.R. Martin and son, Herschel B of Champaign drove down to Effingham last Saturday and spent the day with Mrs. Martin's sister, Mrs. W. H. Davidson and family and other relatives. They also did some shopping, returning home in the evening.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
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Do not pass Go. Do not collect $200. Go directly to jail… or worse.
