gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a9b5e84b3958ef60
Response Measures
None
Description
Receivers were appointed and payout estimated at 10 cents on the dollar; slight runs mentioned were on another local bank.
Events (2)
1.June 12, 1884Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed with liabilities near or exceeding reported assets (insolvency indicated); officials to be investigated.
Newspaper Excerpt
The doors of the State Bank of West Virginia of this city closed this morning; liabilities, $119,000; assets, reported $115,000.
Source
newspapers
2.June 26, 1884Receivership
Newspaper Excerpt
One of the receivers of the State Bank of West Virginia reported that ten cents on the dollar will be paid on deposits.
Source
newspapers
Newspaper Articles (20)
1.June 13, 1884The Daily Cairo BulletinCairo, IL
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Article Text
ANOTHER BANK SUSPENDS, The State Bank of West Virginia Closes Its Doors-Ugly Rumors. CHARLESTON, W. Va., June 12.-The doors of the State Bank of West Virginia of this city closed this morning; liabilities, $119,000; assets, reported $115,000. The principal losers are poor people who had small sums deposited. Many ugly rumors are afloat on the streets. The supposition is that the bank will pay fifty per cent., but is doubtful if it pays twenty per cent.
3.June 13, 1884Seattle Daily Post-IntelligencerSeattle, WA
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Article Text
CHARLESTON, W. Va., June 12.-The doors of the State Bank of West Virginia, in this city, were closed this morning. Liabilities, $119,000. Many ugly rumors are aflont. Proposition is that the bank will pay fifty per cent, but it is doubtful if it pays over twenty. Officials of the bank received deposits yesterday up to 3 o'clock. Depositors are anxiously awaiting an investigation. Excitement runs high, and but little business has been done here today. A slight ron was made on the Kanawha Valley Bank when the doors opened at 9 o'clock this morning, but as every check was promptly paid the run ceased after an hour's time.
4.June 13, 1884Daily Los Angeles HeraldLos Angeles, CA
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Article Text
Another Bank Suspends. CHARLESTON, W. Va., June 12,--The doors of the State Bank of West Virginia, of this city, were closed this morning. Liabilities, $119,000. Many ugly rumors are afloat. It is stated that the bank will pay fifty per cent., but it is doubtful if it pays over twenty. The officials of the bank received deposits yesterday up to 3 o'clock. The depositors are anxiously waiting for an inves tigation. Excitement runs high, and but little business has been transacted to-day.
5.June 13, 1884The Salt Lake HeraldSalt Lake City, UT
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Article Text
Bank Troubles, Charleston, W. Va., 12.-The doors of the State Bank of West Virginia, this city, were closed this morning. Liabilities, $119,000. Many ugly rumors are afloat. The supposition is the bank will pay 50 per cent, but it is doubtful if it pays over 20. Officials of the bank received deposits yesterday up to 3 o'clock. Depositors are anxiously waiting an investigation. Excitement runs high and but little business has been done here to-day. A slight run was made on the Kanawha Valley Bank when the doors opened at 9 o'clock this morning, but every check was promptly paid the ron ceased after an hour's time.
6.June 14, 1884The Indianapolis JournalIndianapolis, IN
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Article Text
The Charleston Bank. CHARLESTON, W. Va., June 13.-Yesterday's uneasiness over the failure of the State Bank has somewhat subsided, but many depositors are much agitated over the loss of their money, while others take matters easy and hope for the best. There was a light run on the Kanawha Bank early to-day, but all calls were met, and the run stopped after a few minutes. This bank is strong, and is prepared for a run. Col. Hogeman and Geo. Coach, assignees of the burst bank, are getting out a statement, which will be made public in a few days. The arrest of the officials is reported to-night, but up to a late hour no one is in custody.
7.June 14, 1884Wheeling RegisterWheeling, WV
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Article Text
FOLLOWING SUIT. The Kanaw ha Mining Company Fails. Special to the Register. CHARLESTON June 13.-The announcement was made to-day of the failure of the Kasawha Mining Company. It is believed no further failures will result from the suspension of the State Bank Excitement has died out and the failure of the Mining Company caused but Hole comment. The worst feature is the loss to the many laboring men employed at the mine.
8.June 14, 1884The Daily DispatchRichmond, VA
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Article Text
The Charleston, W. Va., Bank-Failure [By telegraph to the Dispatch.] CHARLESTON, W. Va., June 13.-Yesterday's excitement over the failure of the State Bank had somewhat subsided, but many depositors are much agitated over the loss of their money, while others take matters more easily and hope for the best. There was a slight run on the Kanawha Valley Bank early to-day, but all calls were met, and the run was stopped after a few minutes. Colonel Hageman and Colonel Couch, the assignees of the State Bank, are getting out a statement, which will be made public in a few days. The arrest of officials was reported to-night, but up to a late hour no one was in custody.
ITS DOORS CLOSED. Suspension of the State Bank of West Virginia.- in Angry Populace. The doors of the State Bank of West Vir ginia of Charleston are closed. The liabilities are $119,000. The assets are reported to be $115,000. The principal losers are poor people who had small sums deposited. It is doubtful if the bank pays over 21 per cent. The state of West Virginia had $8000 deposited in the bank.
Poor People the Principal Losers by the Failure. CHARLESTON, W. Va., June 12. - The doors of the State Bank of West Virginia of this city closed this morning. Its liabilities are $119,000 and its assets are reported at $115,000. The principal losers are poor people who had small sums deposited. Many ugly rumors are afloat on the streets. It has been considered weak for some time, but the citiz ns continued to deposit with it. The excitement runs high and but little business was done to-day. There was a slight run on the Kanawha Valley bank this morning, but it soon ceased.
11.June 27, 1884Savannah Morning NewsSavannah, GA
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Article Text
Only 10 Cents on the Dollar. CHARLESTON, W. VA., June 26.-One of the receivers of the State Bank of West Virginia to-day reported that 10 cents on the dollar would be paid on deposits. The assets of the bank are nominally about $180,000, all of which, except about $40,000, is considered as worthless.
12.June 27, 1884The Indianapolis JournalIndianapolis, IN
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Article Text
Ten Cents on the Dollar. CHARLESTON, W. Va., June 26.-One of the receivers of the State Bank of West Virginia reported, to-day, that 10 cents on the dollar will be paid on the deposits. The assets of the bank are nominally $180,000, all of which, except about $40,000, is considered worthless.
A fairs of the State Bank. CHARLESTON, W. VA, June 26.-One of the receivers of the State Bank of West Virginia reported that ten cents on the dollar will ba paid to the depositore. The assets of the bank are nominally $180,000, all of which, except about $40,000 18 coneidered 83 worthlees.
14.June 27, 1884The Democratic LeaderCheyenne, WY
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Article Text
CHARLESTON, W. Va., June 26.-One of the receivers of the State bank of West Virginia reported to-day that 10 cents on the dollar will be paid on deposits. Assets of the bank nominally, $180,000, all of which, except $40,000, considered worthless.
15.June 27, 1884The Dallas Daily HeraldDallas, TX
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Article Text
Ten Cents on the Dollar. CHARLESTON, W. Va., June 26.-One of the receivers of the State bank of West Virginia reported to-day that ten cents on the dollar will be paid on deposits. The assets of the bank are nominally $180,000, all of which, except about $40,000, is considered worthless.
16.June 27, 1884The New North-WestDeer Lodge, MT
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Article Text
A Bank Failure. CHARLESTON, W.Va., June 12.--The doors of the State Bank of West Virginia of this Liabilicity closed its deors this morning. ties, $119,000. Many ugly rumors are afloat. The supposition is that the bank will pay 50 per cent.,but it is doubtful if it will pay over The officials of the bank received de20. posits up to 3 o'clock. Depositors are anxiously awaiting an investigation. The excitement runs high; and but little business has been done here to-day. A slight run was made on the Kanawha Valley Bank as the doors opened this morning at 9 o'clock, but as every check was promptly paid the run ceased after one hour's time.
17.June 27, 1884The Salt Lake HeraldSalt Lake City, UT
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Article Text
Profitable Banking. Charleston, W. Va., 26.-One of the receivers of the State bank of West Virginia reported to-day that ten cents on the dollar will be paid on assets of the bank, nominally $100,000, all of which,except $40,000; is considered worthless.
WHEAT. 4.969 Receipts 35,052bu. Shipments, Stock in Elevators 474,202 CORN. Receipts. 13,293bu. Shipments Stock in Elevators 310,593 Wheat opened firm, but ruled quiet. Corn dull and quiet. Oats fairly activo holders asking higher prices than buyers are willing to pay. Mill Feed quiet and steady. Flour stead y and quiet. The West Virginia State Bank. CHARLESTON, W. Va.,June 26.One of the receivers of the State Bank of West Virginia, to-day reported that ten cents on the dollar would be paid on deposits. The assets of the bank are nominally $180,000, all of which,except about $40,000,is considered worthless.
19.July 3, 1884The True NorthernerPaw Paw, MI
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Article Text
Zeno I. Young, the editor of the Madisonville (Ky.) Times, fell from the second story window of his office, and was fatally injured. One of the receivers says the State Bank of West Virginia, at Charleston, will pay depositors but 10 cents on the dollar. A fire at New Orleans destroyed property amounting to $200,000. "Doc" Walker, colored, was hanged at Texarkana, Tex. He had murdered a negro named Lucius Grant, last January, over a boot trade.
20.July 4, 1884Staunton VindicatorStaunton, VA
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Article Text
Rev. Jacob Summers of the Lutheran church, died in Shenandoah county last week. The liabilities of the suspended State Bank of West Virginia at Charleston, are $120,000 and its real assets are $32,000. The first new wheat at Alexandria, Fultz variety, from Westmoreland county, in good condition, sold at $1@$1.05.
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.