gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3434d9271cceccc5
Response Measures
Accommodated withdrawals, Capital injected, Full suspension, Books examined
Receivership Details
Depositor recovery rate
100.0%
Date receivership started
1888-05-09
Date receivership terminated
1889-01-21
OCC cause of failure
Losses
Share of assets assessed as good
38.3%
Share of assets assessed as doubtful
45.2%
Share of assets assessed as worthless
16.5%
Events (5)
1.February 24, 1864Chartered
Source
historical_nic
2.August 26, 1884Run
Cause
Bank Specific Adverse Info
Cause Details
Run prompted by discovery of cashier J. S. Ankeny's speculative grain transactions and his forced resignation; rumors/intensified withdrawals followed
Measures
Payments were made promptly to meet withdrawals; directors and stockholders arranged to cover deficits
Newspaper Excerpt
there was a run on the bank yesterday, but payments were made so promptly that confidence was restored
Source
newspapers
3.August 27, 1884Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after run and discovery of losses tied to cashier's grain dealings; bank examiner sent to take charge
Newspaper Excerpt
the Second National Bank closed its doors this morning ... an officer detailed by the Comptroller of the Currency to take charge
Source
newspapers
4.September 1, 1884Reopening
Newspaper Excerpt
stockholders have ordered an assessment of 33 per cent on the stock, and request permission to resume business. The request was granted
Source
newspapers
5.May 9, 1888Receivership
Source
historical_nic
Newspaper Articles (21)
1.August 27, 1884Evening StarWashington, DC
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GOVERNMENT RECEIPTS TO-DAY.-Internal revenue, $245,654; customs, $881,240. THE SUSPENDED XENIA BANK-The acting controller or the currency to-day telegraphed to Bank Examiner Ellis to take charge of the Second Na tional Bank of Xenia, O., which closed its doors this morning, and to report its condition. THE PAY OF ENSIGNS.-At the last session of Congress a bill was passed abolishing the grade of I junior ensign in the navy, and directing the 91 men in that grade to be commissioned as ensigns. A question arose as to whether their pay would begin from the date when the bill became a law or from the date of their commissions. The acting second controller, Mr. Delano, has decided that the pay should begin from the time the bill became a law, which was June 26th, 1884.
2.August 28, 1884Wheeling RegisterWheeling, WV
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BANK FAILURE. An Ohio Bank Cashier Keeps up the Reputation of His Kind-This One Goes West. XENIA, O., August 27.-The Second National Bank closed its doors this morning. No particulars. There was a run on the bank yesterday, but payments were made so promptly that confidence was restored and many renewed their deposits. Cashier J. S. Ankeny has gone west. The bank to-day is in the hands of an officer detailed by the Comptroller of the Currency, and no siatement as to its condition is yet made. Ankeny resigned two weeks ago under pressure and went to. his brother in Iowa. He speculated in grain. Heavy depositors are not-scared, but the small ones are wild. Chashier Ankeny's grain transaction had been with R. M. Smart, to whom the bank, through Ankeny, recently made large ad. VALIDES Smart gave a mortgage to secure this money, but the directors werk not satisfied and demanded Ankeny's resignation. He went west the next day and this caused the tun of yesterday. The stockholdors are regarded as able to meet all liabilities through the amount is not yet made public.
3.August 28, 1884The Rock Island ArgusRock Island, IL
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Article Text
The Jolly Bank Cashier. XENIA, Ohio, Aug. 28.-The Second National bank of this city has closed its doors owing to grain deals of the cashier, J. S. Ankeny. Ankenh resigned two weeks ago under pressure, and went to his brother's in Iowa. This caused talk, and there was a big run on the bank. Now there is a sign up, "Bank closed." Heavy depositors are not scared, but the small ones are wild.
4.August 28, 1884The Indianapolis JournalIndianapolis, IN
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Bank Failure at Xenia, o. XENIA, O., Aug. 27.-The Second National Bank closed its doors this morning. Cashier Ankenny had been engaged in grain transactions with R. M. Smart, to whom the bank, through Ankenny, made large advances. Smart gave a mortgage to secure this money, but the directors were not satisfied, and demanded Ankenny's resignation. He went West the next day and this caused the run of yester day. The stockholders are regarded as able to meet all liabilities, though the amount is not made public. The Comptroller of the Currency telegraphed Bank Examiner Ellis to take charge of the bank and report its condition. A New York telegrain says: Mr. Garland, of the First National Bank, one of the correspondents of the Second National Bank, of Xenia, states that he tsuspension of that institution will have no effect in financial circles here. Its account with the First National was very small, averaging only from $100 to $500. It is stated that the bank examiner has found that the bank's losses through Ankenny, the cashier, do not exceed $60,000.
5.August 28, 1884The Daily Cairo BulletinCairo, IL
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are Another Bank Closed. XENIA, O., August 27.-The Second National Bank closed to-day. Two weeks ago Cashier J. S. Ankeny was forced to resign on account of grain speculation. Yesterday there was a run and to-day the bank did not open. It is believed the stockholders are good for the deficit.
ANOTHER BANK CLOSED. XENTA, 0, Aug. 27.-The Second National bank closed its doors this morning. No particulars. THE CASHIER GONE WEST. XENIA, O., Aug. 27.-There was a run on the bank yesterday, but the payments were made 80 promptly that confidence was restored and many renewed their deposits. Cashier J. S. Ankeney has gone west. The bank to day is in the hands of an officer detailed by the comptroller of the currency and no statements of its condition have yet been made. HIS RESIGNATION DEMANDED. XENIA, O,, Aug. 27.-Cashier Ankeney had been engaged in grain transactions with R. M. Smart, to whom the bank, through Ankeney, recently made large advances. Smart gave a mortgage to secure thismoney, but the directors were not satisfied and de manded Ankeney's resignation. He went West the next day and this caused the run of yesterday. The stockholders are regarded as able to meet all the liabilities. THE BANK EXAMINER IN POSSESSION WASHINGTON, Aug. 27.- The comp troller of the currency telegraphed Bank Examiner Ells to take charge of the Second National bank of Xenia Ohio, and report its condition. A SURPLUS EXPECTED. DAYTON, OHIO, Aug. 27.-The Sec ond National bank of Xenia failed to open its doors this morning. The cashier resigned several days ago The capital is $150,000. It is suppose that there is a surplus of $30,000. The directors of the bank in Dayton yes terday attempted to borrow $20,000 but could not. A RESUMPTION PROBABLE. XENIA, OHIO. Aug. 27.-It is state that the bank's losses through th cashier do not exceed $60,000. Th run was caused by supposed irregular ities of the cashier, and these were in tensified when the cashier resigne and went west. Bank Examin er Eilis sent by the comp troller of the currency to exam ine the condition says that he has no made a complete examination bu thinks the capital stock of $150,000 will be somewhat impaired. A meeting o stockholders has been called for Satur day next, and it is thought that a rangements will be made for an earl resumption. NO ONE WILL LOSE. DAYTON, O., Aug. 27.-Director Allison and Miller of the Xenia ban visited Dayton and Cincinnati to-da to borrow cash to meet the run, bu were refused. and accordingi
7.August 29, 1884Sacramento Daily Record-UnionSacramento, CA
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TELEGRAPHIC BREVITIES. General Duryea, for many years of the State militia, died in New York Wednesday. F. W. Galbraith, of California, has been appointed Special Examiner in the Pension Office under the Civil Service Act. The Republique Francaise subjects Bism arck's colonial policy to analysis, and declares that France has no reason to find ult with it. A meeting of the three Emperors of Germany, Russia and Austria, each attended by his principal Minister, has been definitely arranged. In addition to the three Russian ironclads ordered to reinforce the Russian fleet in China, the land forces on the Corean frontier will be reinforced. The Congressional Investigating Committee Wednesday at Augusta, Me., visited the Home for Soldiers, The Orderly Sergeant agreed that liquor was the great stamblingblock. Wolseley proposes to reach Dongola with the Gordon relief expedition by November 7th. He declares his confidence that he will be able to accomplish this progranime without difficulty. Alderman F. C. Denison, of Toronto, Major of the Governor-General's Body Guard, has accepted the command of the Canadian voyageurs to be sent to the relief of Gordon at Khartoum. The tournament of the Bicycle Club at the Driving Park at Buffalo Wednesday was a splendid success. Fifteen hundred people were present. Lavender, of Toronto, had an arm broken by a collision in a race. The Comptroller of the Currency has received a telegram from Bank Commissioner Ellis, saying that the affairs of the Second National Bank at Xenia, Ohio, are not so bad as represented, and there is reason to believe that it will meet all demands. The Adrian (Mich.) Savings Bank suspended Wednesday. A. Loomis, Cashier, says that the trouble was precipitated by the inability of the bank on Monday to meet a check for $1,500. A run began among the smäller creditors. There is about $80,000 due depositors. Judge Knickerbocker, of the Probate Court of Chicago, yesterday, upon the testimony of two expert physicians, submitted the question to the jury, which found Wilbur F. Storey, of the Chicago Times, incapacitated for business. An appointment of a conservator of the estate is now being considered by the Court. The British Government is expediting the departure of increasing reinforcements of the Egyptian staff. At Woolwich they have been and additional hands to idly. engaged Orders to increased, put have transports been sent in readiness Plymouth rapto hasten the fitting out of the transport Peonah. It has been decided to increase the expedition for the relief of Gordon to 7,000 men.
8.August 29, 1884Savannah Morning NewsSavannah, GA
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UPS AND DOWNS OF BUSINESS. Warrants Issued for the Ladner Brothers, but Neither to be Found. PHILADELPHIA, Aug. 28.-Several more warrants were issued to-day for the arrest of Ladner Brothers, the suspended bankers, charging them with the embezzlement of funds entrusted to them. The Ladners could not be found, Louis, who was in town yesterday, having gone to Atlantic, City. AN ADRIAN BANK SUSPENDS. ADRIAN, MICH., Aug. 28.-The Adrian Savings Bank suspended yesterday. Herman Loomis, the cashier, says that the trouble was precipitated by the inability of the bank on Monday to meet a check for $15,000. The party who drew the check spread the news, and something of a run began among the small creditors. About $80,000 IS due depositors, and Mr. Loomis says that the assets of the bank are entirely adequate to pay all the liabilities in full. NO RECEIVER NEEDED AT XENIA. WASHINGTON, Aug. 28.-The acting Comptroller of the Currency this morning received a telegram from bank examiner Ellis, saying that the affairs of the Second National Bank of Xenia, Ohio, are not so bad as has been represented, and that there is reason to believe that it will be able to meet all demands upon it. In view of this report the acting Comptroller says that there does not appear to be any necessity for the appointment of a receiver. ROBERTS' PECULATIONS. WILKESBARRE, PA., Aug. 28.-Later developements to-day make it certain that the amount stolen by Roberts, clerk for Parish & Co., was $100,000. In addition to speculations it has been learned that Roberts has hypothecated bonds and securities at Easton. This evening a deed of assignment of the Roberts property to Charles Parish & Co. was filed in the Recorder's office. The consideration was $1 with his interest in the Red Ash Coal Company. The property assigned by Roberts is worth $80,000. A DEFAULTER'S BOND. CONCORD, N. H., Aug. 28.-In the case of the Ashuelot Savings Bank vs. Ellery Albee et al., the court held that the sureties of the defendant, who was a defaulter, could not escape liability on their bond even though at the time of their signing Albee was already such a defaulter, the fact having been unknown to the directors of the bank. AN OFFER OF 50 PER CENT. BOSTON, MASS., Aug. 28.-Henry Sears at 92 State who last & Co., month No. for street, failed a large amount, today made a definite offer of 50 cents on the dollar, which will probably be accepted.
9.August 29, 1884Daily RepublicanWilmington, DE
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Bank Troables. The Acting Comptroller of the Cur rency yesterday received a telegram from Bank Examiner Ellis, saying that the affairs of the Second National Bank of Xenia, Ohio, are not 80 bad as has been represented, and that there is reason to believe that it will be able to meet all demands upon it. The Acting Comptroller, in view of this report, does not think it necessary to appoint receiver. The Adrian, Savings Bank, at Adrian, Michigan, suspended on Wednesday. The rtrouble was precipitated by inability to pay a check for $1500 on Monday. About $30,000 are due depositors, but the cashier says that the assess of the concern are sufficient to pay all its liabilities in full. Henry Sears & Co., of Boston, who failed last month for a large amount, have offored their creditors 50 cents on the dollar, which will probably be accepted.
10.August 29, 1884The Daily Cairo BulletinCairo, IL
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Will Meet All Demands. WASHINGTON, D. C., August 28.-The Acting, Comptroller of the Currency has received a telegram from Bank Examiner Ellis, stating that the Xenia, o., Second National Bank will probably be able to meet all demands upon it. There apparontly is no necessity for the appointment of a receiver.
11.August 29, 1884The Indianapolis JournalIndianapolis, IN
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THE The Xenia Second National Bank. WASHINGTON, Aug. 28.-The Comptroller of the Currency has received a telegram from Bank Examiner Ellis, saying the affairs of the Second National Bank, of Xenia, O., are not so bad as represented, and there is reason to believe the bank will meet all demands. The Comptroller says there does not appear to be a necessity for a receiver.
12.August 29, 1884Seattle Daily Post-IntelligencerSeattle, WA
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Appointment. WASHINGTON, Aug. 29.-F. W. Galbraith, of California, was today appointed Special Examiner of the Pension Office under the Civil Service Act. Condition of the Xenia Bank. WASHINGTON, Aug. 28.-The Comptroller of the Currency bas received a telegram from Bank Examiner Ellis, saying that the affairs of the Second National Bank of Xenia, Ohio, are not so bad AS represented, and there is reason to believe that the, bank will meet all demands. The Comptroller says it does not appear necessary for a receiver to be appointed.
13.August 29, 1884National RepublicanWashington, DC
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A Receiver Unnecessary. The acting comptroller of the currency yesterday morning received a telegram from Bank Examiner Ellis saying that the affairs of the Second National bank of Xenia, O., are not so bad as has been represented, and that there is reason to believe that it will be able to meet all demands upon it. In view of this report the acting comptroller says that there does not appear to be any necessity for the appointment of a receiver.
14.August 29, 1884The Salt Lake HeraldSalt Lake City, UT
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The Xenia Bank, Washington, 28 -The comp'roller of the currency received & telegram from Bank Examiner Ellis. saying the affairs of the Second National Bank of Xenia, Ohio, are not 80 bad as represented, and there is reason to believe it will meet all demands. The comptroller says it does not appear to be necessary for & receiver.
15.August 30, 1884The Semi-Weekly MinerButte, MT
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Run On a Bank. NEW YORK, August 27.--Mr. Garland of the First National Bank, one of the correspondents of the Second National Bank of Xenia, states the suspension of that institution will have no effect upon financial circles here. Its account with the First National Bank is very small, averaging only $1,000 to $5,000. Latest advices from Xenia, O., report that the Second National Bank closed its doors this morning. No particulars.
16.September 1, 1884Evening StarWashington, DC
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THE XENIA BANK TO RESUME-The acting controller of the currency has received a dispatch from Bank Examiner Ellis. in charge of the suspended Second National Bank of Xenia, Ohio, stating that the stockholders have ordered an assessment of 33 per cent on the stock, and request permission to resume business. The request was granted, to take effect when the deficit in the capital stock was made good.
17.September 3, 1884Watertown RepublicanWatertown, WI
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Financially Embarrassed. The failures in the United States for the week ending on the 29th, are reported at 180. The Adrian (Mich.) Savings Bank succumbed to a run on the 28th. About $80,000 is due depositors. The assets are said to be sufficient to meet all demands. The Second National Bank, at Xenia, O., closed its doors on the 27th. W. B. Penick, druggist, St Joseph, Mo., failed on the 25th. Liabilities $75,000; assets about the same.
WASHINGTON, August 28.-The comptroller of the currency has received a telegram from Bank Examiner Ellis, saying the affairs of the Second National bank at Xenia, O., are not as bad as represented, and there is reason to believe it will meet all demands. The comptroller says there does not appear to be any necessity for a receiver.
19.September 7, 1884Savannah Morning NewsSavannah, GA
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SUING DIMOCK & CO. NEW YORK, Sept. 6.-Passavant & Co. to-day obtained from Judge Donohue, of the Supreme Court, an attachment against the property of A. W. Dimock & Co. in a suit to recover $45,788. It is claimed that A. W. Dimock obtained from the plaintiffs $100,000, depositing bonds and shares as collateral. The money was to be paid Sept. 1. As it was not repaid then the complainant says the bonds and shares were sold, but proved to be insufficient to meet the amount due and suit was brought to recover the balance. It is claimed that the defendants have assigned and disposed of their property with the intent to defraud their creditors. COTTON FACTORS FAIL. LOUISVILLE, Sept. 6.-The firm of Payne, Viley & Co., cotton factors and commission merchants, assigned to-day. Shrinkage in values is the cause of their suspension. The liabilities and assets are unknown. Local banks are their creditors. XENIA'S BANK BUSINESS. W ASHINGTON, Sept. 6.-The Second National Bank of Xenia, O., which closed its doors some time ago, having made good its impaired capital, has been aúthorized by the acting Comptroller to resume business. BAIL FORFEITED. PHILADELPHIA, Sept. 6.-Ladner Bros., the bankrupt brokers, forfeited their bail when the cases against them for alleged frauds were called for trial to-day.
20.September 10, 1884Watertown RepublicanWatertown, WI
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Financially Embarrassed. The Second National Bank of Xenia, 0., having made good its impaired capital, has been authorized to resume business. The National Bank of New Brunswick, N. J., was closed by a run on the 6th, caused by discovered discrepancies in the accounts of the cashier to the amount of $200,000: There were 213 failures in the United States and Canada, during the week ending on the 5th inst., an increase of seventeen over the previous week, The Minnesota Elevator Company, with headquarters at Red Wing, Minn., made an assignment on the 3d inst. to Judge E. T. Wilder. The liabilities are placed at $200,000 and the assets at $290,000. The company owned about forty elevators along the line of the St. Paul road. The Columbus Boot and Shoe Company, of Columbus, o., assigned on the 3d, with debts to the amount of about $70,000. The firm employed the convicts in the Cincinnati penitentiary.
21.September 13, 1884The Superior TimesSuperior, WI
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GENERAL A MAN died at New Orleans on the 6th, from poisoning caused by the sting of bees. THE Second National Bank of Xenia, O., has made good its impaired capital and resumed business. THE National Bank of New Brunswick, N. J., suspended on the 6th, owing to a run caused by the deficiency of the cashier amounting to $250,000. SLIGHT frost is reported from various parts of Manitoba on the morning of the 7th. THERE were 199 failures in the United States for the week ending on the 5th THE third annual reunion of the Green County Soldiers' Union was held at Albany, Wis., on the 5th inst. Over 4,000 persons were present. THE corner stone of the Dakota University to be erected by the Methodists at Mitchell, D. T., was laid on the 3d inst. The building will cost $100,000. THE skeleton of an unknown man was found hanging to a tree near Decatur, III., on the afternoon of the 4th inst. It is supposed to be that of an old German who disappeared from the neighborhood last winter. SECRETARY FOLGER, of the United States treasury, died suddenly at his
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.
