gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
149bff8fb63368be
Response Measures
None
Events (1)
1.January 2, 1925Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors angered by the president's dismissal of the cashier (E. R. Haines) and perceived mismanagement; loss of confidence in controlling president
Measures
President R. A. Engbertson retired; 71 shares reportedly absorbed by other stockholders; cashier and assistant cashier restored; new president elected (Gilbert Soland); depositors began returning funds
Newspaper Excerpt
A run on the Decorah State bank was terminated today after the retirement of R. A. Engbertson as president
Source
newspapers
Newspaper Articles (10)
1.January 3, 1925The ForumFargo, ND
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Article Text
DEPOSITORS FORCE BANK HEAD TO QUIT
Run on Decorah, Iowa, Bank Terminated When President Is Ousted the Decorah State termin ated today after the retirement of CARLISLE & BRISTOL reported of of shares of stock by other stock HARDWARE 67 Broadway Phone 757 Ten ago it became known that Mr controlled the bank. had dismissed E. R. Haines cashier, without consulting other rectors angered the began run on the bank last Tuesday which continued Wednesday and resumed this after the New Year result of the retirement of Mr. Engbertson the presidency who had resigned. were restored to their post. Gilbert Soland elected president and began returning their money to the bank.
IRATE DEPOSITORS CAUSE PRESIDENT OF BANK TO QUIT
Decorah, Ia., Jan. 2.—A run on the Decorah State bank was terminated today after the retirement of R. A. Engbertson as president and the reported absorption of 71 of his 251 shares of stock by other stockholders.
Ten days ago it became known that, Mr. Engbertson, who controlled the bank, had dismissed E. R. Haines, the cashier, without consulting other directors. Depositors, angered over the dismissal, began a run on the bank last Tuesday, which continued throughout Wednesday and was resumed this morning, after the New Year holiday.
As a result of the retirement of Engbertson from the presidency of the bank, Haines and C. C. Johnson, assistant cashier of the bank, who had resigned, were restored to their positions.
Gilbert Soland was elected president and depositors began returning their money to the bank.
3.January 3, 1925The Sioux City JournalSioux City, IA
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Article Text
CASHIER GIVEN OLD JOB; BANK RUN CEASES
Decorah, Ia., Jan. 2.—A run on the Decorah State bank was terminated today after the retirement of R. A. Engbertson as president and the reported absorption of 71 of his 251 shares of stock by other stockholders.
Ten days ago it became known that Mr. Engbertson, who controlled the bank, had dismissed E. R. Haines, the cashier, without consulting other directors. Depositors, angered over the dismissal, began a run on the bank last Tuesday, which continued throughout Wednesday and was resumed this morning after the new year holiday.
As a result of the retirement of Mr. Engbertson from the presidency, Mr. Haines and C. W. Johnson, assistant cashier, who had resigned, were restored to their positions.
Gilbert Soland was elected president and depositors began returning their money to the bank.
4.January 3, 1925The Salt Lake TribuneSalt Lake City, UT
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Article Text
Dismissal of Cashier Causes Run on Bank
DECORAH, Iowa, Jan. run on the Decorah State bank was terminated today after the retirement of A. Engbertson as president and the reported absorption of his 261 shares of stock by other stockholders. Ten days it became known that Mr. Enbertson, ago who controlled the bank, had dismissed B. Haines, the without consulting other Depositors, angered over the began on the last Tuesday throughout Wednesday and sumed this morning after the New Year As of the retirement of Mr from the presidency, Mr Haines and Johnson, assistant cashier who had resigned, were restored to their positions. Gilbert Soland was elected president and depositors began returning -their money to the bank.
5.January 3, 1925The PantagraphBloomington, IL
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Article Text
RUN ON BANK STOPS AS PRESIDENT RETIRES
Jan. 2-A run on the Decorah State bank was termiafter the of R. H. reported of of his shares of stock stockTen ago It became known that Mr. controlled bank, dismissed R. the without Depositors angered the began run the last Tuesday Wednesday and was reresult of the retirement of the the Mr. Haines and had resigned, were to their po. Gilbert Soland elected president returning their money to the bank.
6.January 3, 1925The Daily IlliniUrbana, IL
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Article Text
ON BANK
Retirement of President and Absorption of His Stock Ends Panic
DECORAH, Jan. Decorah state bank minated today after retirement Engbertson president the reported absorption of 251 shares of by other Ten became known that Mr. who the bank, had dismissed Haines, the cashier, without consult. other directors Depositors bank last which continued throughout Wednesday and resumed this morning. As result retirement Engbertson from the presidency the bank. Haines and Johnson, assistant cashiers. who had resigned. restored to their positions. Gilbert Soland elected president and depositors began returning money bank.
7.January 3, 1925The Daily NonpareilCouncil Bluffs, IA
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Article Text
RESENT BANKER'S ACT.
Run Is Started at Decorah Over Action of Official, But Is Halted.
DECORAH, Ia., Jan. 3.—A run on the Decorah State bank was terminated after the retirement of R. A. Engbertson, as president, and the reported absorption of seventy-one of his 251 shares of stock by other stockholders.
Ten days ago it became known that Mr. Engbertson, who controlled the bank, had dismissed E. R. Haines, the cashier, without consulting other directors. Depositors angered over the dismissal, began a run on the bank last Tuesday which continued throughout Wednesday, and was resumed the morning after the New Year holiday.
As a result of the retirement of Engbertson from the presidency, Mr. Haines and C. W. Johnson, assistant cashier, who had resigned, were restored to their positions.
Gilbert Soland was elected president, and depositors began returning their money to the bank.
8.January 3, 1925The Daily NonpareilCouncil Bluffs, IA
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Article Text
Run Is Started at Decorah Over Action of Official, But Is Halted.
DECORAH, Ia., Jan. 3.—A run on the Decorah State bank was terminated after the retirement of R. A. Engbertson, as president, and the reported absorption of seventy-one of his 251 shares of stock by other stockholders.
Ten days ago it became known that Mr. Engbertson, who controlled the bank, had dismissed E. R. Haines, the cashier, without consulting other directors. Depositors angered over the dismissal, began a run on the bank last Tuesday which continued throughout Wednesday, and was resumed the morning after the New Year holiday.
As a result of the retirement of Engbertson from the presidency, Mr. Haines and C. W. Johnson, assistant cashier, who had resigned, were restored to their positions.
Gilbert Soland was elected president, and depositors began returning their money to the bank.
9.January 5, 1925The Plattsmouth JournalPlattsmouth, NE
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Article Text
BANK RUN RESULTS WHEN THE CASHIER IS DISMISSED
Decorah, Iowa, Jan. 2.—A run on the Decorah State bank was terminated today after the retirement of R. A. Engbertson, as president, and the reported absorption of 71 of his 251 shares of stock by the other stockholders.
Ten days ago it became known that Engbertson, who controlled the bank, had dismissed E. R. Haines, the cashier, without consulting other directors. Depositors, angered over the dismissal, began a run on the bank last Tuesday which continued throughout Wednesday and was resumed this morning after the New Year holiday.
10.January 5, 1925The Plattsmouth JournalPlattsmouth, NE
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Article Text
Decorah, Iowa, Jan. 2.—A run on the Decorah State bank was terminated today after the retirement of R. A. Engbertson, as president, and the reported absorption of 71 of his 251 shares of stock by the other stockholders.
Ten days ago it became known that Engbertson, who controlled the bank, had dismissed E. R. Haines, the cashier, without consulting other directors. Depositors, angered over the dismissal, began a run on the bank last Tuesday which continued throughout Wednesday and was resumed this morning after the New Year holiday.
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.
