gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e8aa71e82efc56bd
Response Measures
None
Description
Closed and placed in hands of state examiner; articles call it a 'failure' but do not show receiver assignment or permanent liquidation.
Events (2)
1.October 13, 1923Run
Cause
Local Shock
Cause Details
Recent withdrawal of large deposits driven by flood isolation of town; unable to obtain outside funds to replenish cash.
Newspaper Excerpt
the recent withdrawals of deposits was the primary cause
Source
newspapers
2.October 13, 1923Suspension
Cause
Local Shock
Cause Details
Bank closed and placed in hands of state examiner after heavy withdrawals and inability to secure outside funds because of flooding of the North Canadian river.
Newspaper Excerpt
Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner
Source
newspapers
Newspaper Articles (10)
1.October 15, 1923The Iola RegisterIola, KS
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Article Text
Third Failure in Woodward.
(By the Associated Press.)
Enid, Okla., Oct. 15.—Woodward, Okla., New State bank closed its doors Saturday and the institution is in the hands of a state examiner, according to a report from the flood swept town. Reasons for the bank's suspension of business have not been determined but the meager account received here said the recent withdrawals of deposits was the primary cause. The institution will be reorganized the bank examiner is reported to have said. Paul M. Lobaugh is president of the institution. It is capitalized at $25,000. The New State is the third banking institution in Woodward to fail within three years.
2.October 15, 1923Henryetta Daily Free-LanceHenryetta, OK
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Article Text
FLOOD CAUSES BANK FAILURE
By Associated Press.
ENID, Oct. 15.—The Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood swept Oklahoma town.
Reason for the bank's suspension of business has not been determined but the meager account received in Enid said that recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river, the bank was unable to obtain outside funds to replenish its supply of cash, it was said.
Paul M. Lobaugh is president of the bank which is capitalized at $25,000. The New State bank is the third banking institution in Woodward to fail in the last three years.
3.October 15, 1923Bartlesville Examiner-EnterpriseBartlesville, OK
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Article Text
WOODWARD BANK CLOSES DOORS
Third Financial Institute to Fail in Past Three Years
Enid, Okla., Oct. 15.— Woodward New State Bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to report received here from the flood-swept Oklahoma town.
Reason for the bank's suspension of business has not been determined but the meager account received in Enid said that the recent withdrawal of large deposits was the primal cause. The town's isolation by the flooded North Canadian, resulted in the bank being unable to obtain outside funds to replenish its funds.
Paul M. Labaugh is president of the bank, which is capitalized at $25,000. The New State is the third banking institution in Woodward to fail in the past three years.
4.October 15, 1923Wichita Falls TimesWichita Falls, TX
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Article Text
CLOSE NEW STATE BANK AT WOODWARD, OKLAHOMA
ENID, Okla., Oct. 15. (AP)—Woodward, Okla., New State Bank closed its doors Saturday and the institution is in the hands of a state bank examiner, according to a report from the flood-swept town. Reasons for the bank's suspension of business have not been determined, but the meagre account received here said the recent withdrawals of deposits was the primary cause. The institution will be reorganized, the bank examiner is reported to have said.
5.October 15, 1923The Daily ArdmoreiteArdmore, OK
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Article Text
Doors Closed of Woodward Bank; Is In Examiner Hand
ENID—The Woodward New State Bank closed its doors at noon Sunday and the institution is in the hands of the state bank examiner, according to a report received here from the flood swept Oklahoma town.
Reason for the bank's suspension of business has not been determined, but the meager account received in Enid today that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash.
Paul M. Lobaug is president of the bank, which is capitalized at $25,000. The New State Bank is the third banking institution to fail in the last three years.
6.October 15, 1923The M'Alester News-CapitalMcAlester, OK
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Article Text
THE NEW STATE BANK REPORTED CLOSED DOORS
Woodward Institution Said to Be in Hands of State Examiner; Withdrawal of Big Deposits Cause.
ENID, OKLA.—Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received from the flood-swept town.
Reason's for the bank's suspension of busines has not been determined, but the short account received in Enid said that the recent withdrawal of large deposits was the primary cause. The cause of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash, it was said.
Paul M. Lobaugh is president of the bank. It is capitalized at $25,000.
The New State bank is the third banking institution in Woodward to fail in the past three years.
7.October 15, 1923Muskogee Times-DemocratMuskogee, OK
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Article Text
BANK IN FLOOD-SWEPT TOWN CLOSES DOORS
Enid, Okla., Oct. 15.— Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood swept Oklahoma town.
Reason for the bank's suspension of business has not been determined but the meager account received in Enid said that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash, it was said.
Paul M. Lobaugh is president of the bank. It is capitalized at $25,000. The new state is the third banking institution in Woodward to fail in the past three years.
8.October 16, 1923Blackwell Daily TribuneBlackwell, OK
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Article Text
State Bank at Woodward Has Closed Doors
ENID, Okla., Oct. 15. — Woodward's New State Bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood swept Oklahoma town.
Reason for the bank's suspension of business has not been determined but the meagre account received in Enid said that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river the bank was unable to obtain outside funds to replenish its supply of cash, it was said.
Paul M. Lobaugh is president of the bank. It is capitalized at $25,000. The New State bank is the third banking institution in Woodward to fail in the past three years.
9.October 16, 1923The Tulsa TribuneTulsa, OK
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Article Text
Flood Contributes to Closing of Bank at Woodward
By The Associated Press.
ENID, Ok.—The Woodward New State bank closed its doors at noon Saturday and the institution is in the hands of a state bank examiner, according to a report received here from the flood-swept Oklahoma town.
Reason for the bank's suspension of business has not been determined, but the meager account received in Enid said that the recent withdrawal of large deposits was the primary cause. Because of the town's isolation by the flooded North Canadian river, the bank was unable to obtain outside funds to replenish its supply of cash, it was said.
Paul M. Lobaugh is president of the bank. It is capitalized at $25,000.
The New State is the third banking institution in Woodward to fail in the past three years.
10.October 16, 1923The Houston PostHouston, TX
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Article Text
Three Banks Fail in One Town Within 3 Years
ENID, Okla., Oct. 15.—The Woodward, Okla., New State bank closed its doors Saturday and the institution is in the hands of the State bank examiner, according to a report from the flood swept town.
The reasons for the bank's suspension of business have not been determined but the meagre account received here said the recent withdrawals of deposits was the primary cause. The institution will be reorganized, the bank examiner is reported to have said.
Paul M. Lobaugh is president of the institution. It is capitalized at $25,000. The New State bank is the third banking institution in Woodward to fail within three years.
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.
