gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
db3421b976ad7291
Response Measures
Accommodated withdrawals, Fed/other loan, Public signal of financial health
Events (2)
1.December 9, 1896Chartered
Source
historical_nic
2.February 5, 1927Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the closing/failure of McAlester Trust Company, Bank of North McAlester, and other nearby banks.
Measures
Opened under guard with three marines armed with machine guns to protect the bank and its funds.
Newspaper Excerpt
With three marines armed with machine guns standing guard, the First National Bank of McAlester opened for business ... optimistic over ability of the institution to withstand heavy run caused by the closing of the $2,000,000 McAlester Trust company, the Bank of North McAlester and other small banks in this vicinity yesterday.
Source
newspapers
Newspaper Articles (17)
1.February 5, 1927The Kansas City PostKansas City, MO
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LONE M'ALESTER BANK IS OPENED
First National Expects Run, Other Failures.
OK., Feb. marines armed guns standing First National bank opened for only bankBank officials the ability of the institution withstand heavy caused the closing Trust company, Bank North other small banks vicinity yesterday.
2.February 5, 1927The San Diego SunSan Diego, CA
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MARINES GUARD BANK FROM
Okla., With three marines armed with guns standing guard, the First National bank of opened for business the only active banking institution in McAlester. Bank officials and citizens were generally optimistic over ability of the institution withstand heavy run caused by the closing of the ter Trust Co., the Bank of North McAlester and other small banks in this vicinity yesterday.
3.February 5, 1927The Oregon Daily JournalPortland, OR
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Marines on Guard As McAlister Bank Opens for Business
Okla., Feb. With three marines armed chine guns standing guard, the First National bank for business only active bankofficials citizens were erally optimistic ability of the to withstand heavy run caused closing the Trust company, the Bank of North McAlister other small banks in this vicinity yesterday.
4.February 5, 1927Tulare Advance-RegisterTulare, CA
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three machine guns standing the First National Bank Alester opened for business only active institution in McAlester. Bank officials and citizens generally optimistic ability the institution to stand heavy run caused closing of the Alester Trust Company the Bank of North McAlester other small in yesterday
5.February 5, 1927Visalia Daily TimesVisalia, CA
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OKLAHOMA BANK READY TODAY TO WITHSTAND HEAVY RUN
Okla. Feb. With three marines armed with machine guns standing guard. the First National Bank of McAlester opened for business only active banking institution in McAlester. Bank officials and citizens were generally optimistic over ability of the institution to withstand heavy run caused by the closing of the 000 McAlester Trust Company. the Bank of North and other small banks in this vicinity yesterday.
6.February 5, 1927Monrovia Daily NewsMonrovia, CA
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Article Text
Marines on Guard Remaining Bank Opens three marines armed with machine guns standing guard, the First National Bank of McAlester opened for business only active banking Institution McAlester. Bank officials and citizens were generally optimistic ability the institution to withstand heavy run caused by the closing the $2,000,000 McAlester Trust Company, the Bank of North Alester and other small banks vicinity yesterday.
7.February 5, 1927The Sacramento BeeSacramento, CA
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Marines Guard Only Bank Left In Oklahoma Town M'ALESTER Feb. (United three marines armed with machine guns standing guard the First National Bank McAlester opened for business today-the only active banking institution McAlester. Bank officials and citizens were optimistic over ability of the institution to withstand caused by the closing of the $2,000,000 McAlester Trust Company, the Bank of North McAlester and other small banks this cinity yesterday.
8.February 5, 1927Sapulpa HeraldSapulpa, OK
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BANK OPENED UNDER GUARD
McALESTER. Okla. Feb. three marines armed with machine guns standing guard. the First Na tional Bank opened for only active bank ing institution in McAlester. Bank officials citizens were generally optimistic over ability the to withstand heavy caused by the closing McAlester Trust the Bank and other small banks this yesterday.
9.February 5, 1927The TribuneSan Luis Obispo, CA
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MARINES GU ARD ONLY BANK IN McALESTER
(By United Press Lensed Wire) With three marines armed with machine guns standing guard the First National Bank of Alester opened for business today-the only active institution in McAlester.
Bank officials and citizens were generally optimiste over ablity of the institution to withstand heavy run caused by the closing of the 000 McAlester Trust company, the Bank of North McAlester and other small banks in this vicinity resterdar
10.February 5, 1927The RegisterSanta Ana, CA
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Marines Guard as Bank Faces Run
Okla., Feb., marines, armed machine the First National Bank McAlester, opened business today, only banking institution McAlester. Bank officials citizens generally optimistic ability the institution heavy caused the closing of $2,000,000 Alester Trust company, the Bank North McAlester and other small banks in this cinity, yesterday.
11.February 5, 1927Baraboo News RepublicBaraboo, WI
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BANK GUARD
(By United Press) McAllister, Okla.-Three marines with machine guns today stood on guard at the First National bank of McAllister, the only banking institution of the city open for business. Officers were optimistic that the bank could withstand heavy runs due to the closing of the $2,000,000 McAllister Trust bank, the Bank of McAllister, and other smaller banks yesterday.
12.February 5, 1927Redlands Daily FactsRedlands, CA
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MARINES GUARDING OKLAHOMA BANKS
Okla., Feb. McALESTER, marines armed with With three standing guard, machine guns Bank of Mcthe First National opened for business Alester active banking inonly stitution McAlester. officials citizens Bank optimistic over were generally the institution to withability caused by the stand heavy run of $2,000,000 McAlesclosing the the Bank of ter Trust Company, McAlester other small North banks in this vicinity yesterday.
13.February 5, 1927Riverside Daily PressRiverside, CA
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BANK OPENS WITH GUNS TO GUARD MONEY
Feb. With three marines armed with machine standing guard, the First National bank McAlester opened for business day-the only active banking institution in McAlester. Bank officials and citizens generally optimistic ability of the institution withstand caused the the company, the Bank North McAlester other banks in this vicinity yesterday.
14.February 6, 1927The Orange LeaderOrange, TX
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ONE BANK OPEN FOR McALESTER
Okla., Feb. With three marines armed with machine guard. the First National bank of McAlester opened for business today. the only active banking institution in McAlenter. Bank officials and citizens were generally optimistic over ability the bank to withstand heavy run caused by the closing of the 000 McAlester will
15.February 6, 1927Chicago TribuneChicago, IL
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Marines Guard Only Bank Active in McAlester, Okla.
With three marines armed with machine guns standing guard, the First National bank of McAlester opened for business today only active banking institution in Banking officials were generally optimistic over the ability of the institution to withstand a heavy run caused by the closing of the $2,000,000 McAlester Trust company, the Bank of North McAlester, and other small banks yesterday.
16.February 10, 1927The McCurtain DemocratIdabel, OK
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Three Marines Guarding Bank At McAlester
McAlester, Okla., Feb. 5.-With three marines armed with machine guns standing guard, the First Na. tional bank opened for business to-s day, surviving the heavy run caused by the closing of other banks yesterday.
A drug store cowboy's motto: "Twenty years a cowboy and never missed calf."
17.February 6, 1928The M'Alester News-CapitalMcAlester, OK
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BULLETIN million dollars in cash will be sent the First National Bank by the Federal Bank branch Jacksonville by airplane train all depositors wish withdraw their funds, officials the local institution announced this afternoon following derly run bank growing the closing of three other local financial instituions this morning.
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.