gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7c877271a13f6d3a
Response Measures
Full suspension, Books examined
Description
Sources differ slightly on the announced reopen date (authorized Aug 28; several reports note reopened Aug 30).
Events (5)
1.September 10, 1890Chartered
Source
historical_nic
2.August 2, 1893Run
Cause Details
Heavy withdrawals/a run by depositors is cited; no specific trigger (rumor or other) is identified in the articles.
Measures
Bank closed doors / suspended payment shortly after heavy withdrawals.
Newspaper Excerpt
The trouble was caused by a run on the institution.
Source
newspapers
3.August 2, 1893Suspension
Cause Details
Suspension of payments/closure following the depositor run; later compliance with Controller of the Currency conditions allowed reopening.
Newspaper Excerpt
The Waupaca County National bank closed its doors this morning.
Source
newspapers
4.August 28, 1893Reopening
Newspaper Excerpt
have been authorized to resume business ... the latter on Monday, August 28.
Source
newspapers
5.June 17, 1910Voluntary Liquidation
Source
historical_nic
Newspaper Articles (15)
1.August 3, 1893St. Paul Daily GlobeSaint Paul, MN
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Article Text
Bank at Waupaca Closes. Waupaca, Wis., Aug. 2.-The Waupaca County National bank closed its doors this morning. The trouble was caused by a run on the institution. The general belief is that depositors will be paid in full. The president stated today that they had $40,000 in gilt-edged paper more than they were owing July 12.
2.August 3, 1893Rock Island Daily ArgusRock Island, IL
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Article Text
Bank at Waupaca Closes. WAUPACA, Wis., Aug 3.-The Waupaca County National bank has closed its doors. The trouble was caased by a run on the institution. The general belief is that depositors will be paid in full.
3.August 5, 1893Rock Island Daily ArgusRock Island, IL
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Article Text
Wiseonsin Bank News. Milwaukee, Aug. 5.-A dispatch from Sparta says that the Bank of Sparta, which suspended a few days ago will reopen its doors today. M. A. Thayer, operating banks at Sparta and Tomah, has made an assignment. Depositors will receive about 60 cents on the dollar The Waupaca National bank it expected to resume in a few days.
4.August 7, 1893The Madison Daily LeaderMadison, SD
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Article Text
Will Resume. MILWAUKEE, Aug. 7.-A dispatch from Sparta says that the Bank of Sparta, which suspended a few days ago, will reopen its doors in the morning. The Waupaca National bank is expected to resume in a few days.
5.August 9, 1893The StarReynoldsville, PA
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Article Text
Financial and Commercial. The Seven Corners bank at St. Louis, Mo., has assigned. Business at all the New York savings banks was going on as usual Thursday. The excitement is all over. Depositors evidently feel assured tnat their money is perfectly safe. At Naima, Idaho, the First National Bank has failed. The El Paso, Texas, National Bank has suspended. The First National Bank of Birmingham. Ala., has closed. The Waupaca County National Bank of Waupaca, Wis., has closed its doors, During the past three months $3,800,000 worth of fine gold has been received by the Bank of California as the product of California's gold mines and smelters. The decrease of the earnings of the Western railroads for July, as compared with the June earnings, is estimated at $500,000.
6.August 10, 1893The Middleburgh PostMiddleburg, PA
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Article Text
Financial and Commercial. The Seven Corners bank at St. Louis, Mo., has assigned. Business at all the New York savings banks was going on as usual Thursday. The excitement is all over. Depositors evidently feel assured tnat their money is perfectly safe. At Naima, Idaho, the First National Bank has failed. The El Paso, Texas, National Bank has suspended. The First National Bank of Birmingham. Ala., has closed. The Waupaca County National Bank of Waupaca, Wis., has closed its doors, During the past three months $3,800,000 worth of fine gold has been received by the Bank of California as the product of Cali fornia's gold mines and smelters. The decrease of the earnings of the West ern railroads for July, as compared with the June earnings, is estimated at $500,000.
7.August 24, 1893Evening StarWashington, DC
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Article Text
Colorado and Wisconsin Banks Resume. The American National Bank of Pueblo. Col., and the Waupaca County National Bank of Waupaca. Wis., which suspended payment on July 5 and August 2, respectively, having complied with the conditions imposed upon them by the controller of the currency, and the capital stock being unimpaired, have been authorized to reopen their doors to business The former will resume on Monday, September 4, and the latter on Monday, August 28
8.August 24, 1893New-York TribuneNew York, NY
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Article Text
posed upon It by the Controller of the Currency, and its capital stock being unimpaired, (was to-day permitted to reopen its doors for business. The American National Bank of Pueblo, Col., and the Waupaca County National Bank of Waupaca, Wis., which suspended payment on July 5 and August 2 respectively, have also been authorized to resume business. The former will resume on Monday, September 4, and the latter on Monday, August 28.
9.August 24, 1893Rock Island Daily ArgusRock Island, IL
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Article Text
Wisconsin Bank to Keopen. WAUPACA. Wis., Aug 24.-The County National bank of this city, that closed its doors some time ago owing to a run by its depositors, has received instructions from Bank Compt oller Eckels to reopen. This it will do Monday, Aug. 28.
10.August 25, 1893Daily Kennebec JournalAugusta, ME
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Article Text
Signs of Better Times. WASHINGTON, Aug. 24-The American National bank of Pueblo, Colo., and the Waupaca County National bank of Wanpaca, Wis, which suspended payment, have been authorized to resume business.
11.August 30, 1893The Madison Daily LeaderMadison, SD
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Article Text
Waupaca Bank Reopened. Waupaca, Wis., Aug. 30. - - The County National bank of this city reopened its doors for business after a suspension of less than a month.
Waupaca Bank Reopened. Waupaca, Wis., Aug. 30. - The County National bank of this city reopened its doors for business after a suspension of less than a month.
13.August 31, 1893The Sauk Centre HeraldSauk Centre, MN
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Article Text
Waupaca Bank Reopened. Waupaca, Wis., Aug. 30. - The County National bank of this city reopened its doors for business after a suspension of less than a month.
Waupaca Bank Revpened. WAUPACA, Wis., Aug. 30. - The County National bank of this city reopened its doors for business after a suspension of less than a month.
BANK SOON TO REOPEN. Wanpaca, Wis., Aug. 24.-The Waupaca County National bank of this city, which closed its doors some time ago owing to a run by its depositors, received instructions from Controller Eckels to reopen. This it w.ll do Monday, Aug. 28.
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.