gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
52d0ca0af7c44754
Response Measures
Accommodated withdrawals
Events (2)
1.September 25, 1888Chartered
Source
historical_nic
2.January 12, 1904Run
Cause Details
Unspecified heavy withdrawals by savings depositors; newspapers report large payouts ($250,000โ$325,000) but do not give a clear trigger.
Measures
Bank remained open, paid depositors promptly (paid out about $250,000โ$325,000) and met all demands.
Newspaper Excerpt
A run was started on the savings department of the First National Bank this afternoon and at 1 o'clock a great line of depositors wanted their money.
Source
newspapers
Newspaper Articles (10)
1.January 13, 1904Evening Times-RepublicanMarshalltown, IA
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Article Text
Run on a Bank. Superior, Wis., Jan. 13.-The run on the First National Bank. which started yesterday morning, continued until 1:30 this morning. When the bank reopened today the run was resumed, but all demands were promptly met.
2.January 13, 1904The Indianapolis JournalIndianapolis, IN
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Article Text
Bank Pays Depositors. SUPERIOR, Wis., Jan. 12.-A run was started on the savings department of the First National Bank this afternoon and at 1 o'clock a great line of depositors wanted their money. The bank remained open until midnight and paid all depositors as they presented books or checks.
3.January 14, 1904Ottumwa Tri-Weekly CourierOttumwa, IA
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Article Text
BANK MAKES GOOD. Wisconsin Institution Meets Run With Money Promptly. Superior, Wis., Jan. 13.-The run on the First National bank which started yesterday morning continued until 1:30 o'clock this morning. When the bank was reopened today the run was resumed but all demands were promptly met.
Run on Superior (Wis.) Bank Over. SUPERIOR, Wis., Jan. 14.-The run on the savings department of the First National bank has entirely subsided. A quarter of a million dollars has been paid out. Deposits lately have been in excess of withdrawals.
5.January 14, 1904The Cairo BulletinCairo, IL
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Article Text
RUN ON BANK STOPS. By Associated Press. Superior, Wis., Jan. 13.-The run on the savings department of the First National bank, which started yesterday morning, has entirely subsided. The bank paid out $325,000.
6.January 14, 1904The Savannah Morning NewsSavannah, GA
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Article Text
Run on Bank Subsided. Superior, Wis., Jan. 13.-The run on the savings department of the First National Bank entirely subsided this afternoon-two hours before the regular closing time. A quarter of a million dollars was paid out yesterday, and about $75,000 to-day. Deposits today were in excess of withdrawals.
7.January 15, 1904Devils Lake Inter-OceanDevils Lake, ND
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Article Text
A run on the First national bank of Superior, Wis., was started Tuesday morning and continued until 1:30 that night. The bank was able to stand it and paid the depositors
8.January 16, 1904The Van Buren PressVan Buren, AR
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Article Text
Hun on " Wisconsin Bank. Superior, Wis, Jan. 13.-A run was started on the savings department of the First national bank Tuesday morning. and Tuesday afternoon the line of depositors extended out in the street.
9.January 21, 1904Northern Wisconsin AdvertiserWabeno, WI
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Article Text
Banking. A run on the Superior (Wis.) First National bank continued by savings depositors till $325,000 had been withdrawn. The Farmers' bank of Auburn (Ind.) was closed through fear of a run. Its liabilities are $25,000 and assets $50,000.
ACCOMMODATING BANK Superior Institution Kept Open Most of the Night to Pay Out Money to Depositors. Superior, Wis., Jan. 15.-A run on the First National bank, which started yesterday morning, continued until 1:30 this morning, When the bank reopened today the run was resumed, but all demands were promptly met.
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.