gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
680896e5cf930e2e
Response Measures
None
Description
Reports show a heavy run and state takeover with later reorganization attempts; final reopening not explicitly confirmed.
Events (6)
1.June 30, 1930Run
Cause
Rumor Or Misinformation
Cause Details
A rumor about the bank's condition and spillover from the closing of two other banks triggered heavy withdrawals.
Measures
Officers asked the State Banking Department to take over to avert depletion of resources.
Newspaper Excerpt
closed its doors this morning after a heavy run Monday afternoon.
Source
newspapers
2.July 1, 1930Suspension
Cause
Government Action
Cause Details
Bank officers requested the state banking department take over and state examiner was placed in charge; bank closed and state placed in charge for liquidation.
Newspaper Excerpt
The Sabina bank... was placed in the hands of the state banking department today as the result of a run.
Source
newspapers
3.July 10, 1930Other
Newspaper Excerpt
D. Schurr has been appointed ... to assist in the liquidation of the Sabina Bank. which closed Tuesday, July 1, after heavy run on Monday, June ... preparing assets of the bank for liquidation. He will make announcements for the date of filing claims few days.
Source
newspapers
4.August 2, 1930Other
Newspaper Excerpt
Claims of depositors of the Sabina bank ... which closed four weeks ago as the result of heavy run and drain on deposits, will be accepted at the institution, next week.
Source
newspapers
5.August 15, 1930Other
Newspaper Excerpt
Officers ... are making an effort to re-organize the bank and have succeeded in securing pledges for two-thirds of the necessary stock, to reopen the institution.
Source
newspapers
6.October 13, 1930Other
Newspaper Excerpt
The Sabina Bank, which closed its doors several weeks ago after a heavy run by depositors, probably will re-open within the next few days, officials of the institution stated Monday.
Source
newspapers
Newspaper Articles (13)
1.July 1, 1930The Piqua Daily CallPiqua, OH
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Article Text
SABINA BANK IS ORDERED CLOSED
State Banking DepartTakes Action After Reported Run.
Columbus, O., July 1, (U.P)-The Sabina bank of Sabina, Olinton county, was placed in the hands of the state banking department today as the result of a run. Eugene King, state bank examiner, was placed in charge. Officers of the bank asked the dopartment to take over the Institution when the run threatened to deplete its resources. The bank was capitalized at $50.noo. had surplus of $2000 and combined assets of $350.000 Officers are L. E. Whinery, presiand cashier,
2.July 1, 1930The Dayton HeraldDayton, OH
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Article Text
STATE BANK AT SABINA CLOSED TO AVERT 'RUN'
Examiner Placed in Charge When Officers of Institution Become Alarmed.
COLUMBUS, O., July 1.-(UP)The Sabina bank of Sabina, Clinton county, was placed in the hands of the state banking department today as the result of run. Eugene King. state bank examwas placed in charge. Officers of the bank asked the department to take over the institution when the run threatened to deplete its resources. The bank was capitalized at $50.000, had surplus of $2,000 and combined assets of $350,000. Officers are L. Whinery, president. and W. B. Gallagher, cashier.
3.July 1, 1930The Piqua Daily CallPiqua, OH
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Article Text
SABINA BANK IS ORDERED CLOSED
State Banking DepartTakes Action After Reported Run.
Columbus, O., July 1, (U.P)-The Sabina bank of Sabina, Olinton county, was placed in the hands of the state banking department today as the result of a run. Eugene King, state bank examiner, was placed in charge. Officers of the bank asked the dopartment to take over the Institution when the run threatened to deplete its resources. The bank was capitalized at $50.noo. had surplus of $2000 and combined assets of $350.000 Officers are L. E. Whinery, presiand cashier,
4.July 1, 1930The Urbana Daily CitizenUrbana, OH
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Article Text
State Takes Sabina Bank Sabina Bank Sabina, Clinton county, State Department today the placed in the hands of the Banking state bank examiner, was placed in result of run. Eugene King, charge.
Hold Lingle Murder Suspect suspect murder of Alfred LinLOS the Tribune was believed under arrest here today, Chicago reporter, divulge his name. young woman, said although police refused wife of Frank Foster, to whom the Lingle murder weapon the traced, also held.
5.July 2, 1930The Daily IndependentMaysville, KY
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Article Text
Sabina Bank Closes Doors
Wilmington, Ohio, July 1.-The Sabina Bank, at Sabina, near here, failed to open its doors this morning after a heavy run Monday afternoon. A special meeting of the Board of Directors was called last night, and that body, fearing another run this morning, voted to close the bank and turn it over to the State Banking Department. Efforts were being made to reorganize the institution, which was founded in 1875. This started a rumor the condition of the bank was bad and caused the run, L. E. Whinery, president of the bank, stated. Part of the run was also blamed on closing of two banks ton C. statement of March 27 showed the bank had resources of $364,000, capital stock of $50,000 and a surplus of 2,000. Deposits totaled $262,000. Whinery is president, R. W. Allen vice president and R. W. Cline cashier of the institution.
6.July 3, 1930Miami UnionTroy, OH
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Article Text
STATE TAKES CONTROL OF BANK RESULT
COLUMBUS July Sabina bank Clinton placed in hands state banking ment today the result Eugene state placed charge. Officers the bank asked the take over the institution when threatened deplete its The bank was at had surplus $2,000 combined assets Officers are Gallagher,
7.July 10, 1930News JournalWilmington, OH
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Article Text
STATE IN CHARGE OF SABINA BANK
D.J. Schurr Takes Control Of Village Institution
D. Schurr has been appointed Assistant State Superintendent of Banks to assist in the liquidation of the Sabina Bank. which closed Tuesday, July 1, after heavy run on Monday, June Mr. Schurr took charge of the in stitution Wednesday and is prepar. ing assets of the bank for liquidation. He will make announcements for the date of filing claims few days.
BAND CONCERT The regular weekly band concert will given in Sabina, Thursday night, by the Sabina school band
BUDGET HEARING Public hearing on the budget of the Richland Township Trustees will be held Monday, July 21, at P. M.
8.July 22, 1930The Dayton HeraldDayton, OH
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Article Text
CLAIMS TO BE TAKEN
Depositors of Closed Bank May File Next Week.
Claims of depositors of the Sabina bank at Sabina, near here. which closed four weeks/ago as the result of heavy run and drain on deposits, will be accepted at the institution, next week. The bank is in charge of O.J. Schurr, assistant state superintendent. The percentage of recovery by depositors has not been estimated by the officials in charge.
9.August 2, 1930News JournalWilmington, OH
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Article Text
CLAIMS ACCEPTED AT SABINA BANK
Percent Of Reimbursement To Be Made Known Soon
Pass-books are now being accept. ed at the Sabina Bank as evidence of claim against the bank, which closed recently after a heavy run on deposits. D. J. Schurr, Assistant State Superintendent of Banks, in charge of liquidation of the institution, is preparing an inventory which will be filed in Common Pleas Court soon. The percentage of reimbursement to depositors has not been estimated.
10.August 5, 1930The Newark AdvocateNewark, OH
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Article Text
Will File Inventory. Aug. inventory the defunct Sabina bank, closed heavy will Clinton court within Schurr, assistant state superintendent banks, announced today.
11.August 15, 1930News JournalWilmington, OH
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Article Text
STOCK PLEDGES ARE OBTAINED TO OPEN BANK
Two-Thirds Of Required Sum Secured By Officials Of Sabina Institution
Officers of the Sabina Bank, which closed several weeks ago at ter a heavy run, are making an effort to re-organize the bank and have succeeded in securing pledges for two-thirds of the necessary stock, to reopen the institution. The assets of the bank are figured to be sufficient to cover its liabilities, but if the bank is forced to liquidate, the loss in the liquidation process is placed at 25 per cent., and may require months before liquidation is completed. The stockholders of the bank have agreed to surrender all old stock to liquidate bad paper. The officers are putting forth every of fort to secure the necessary amount of stock and reopen the bank.
12.September 8, 1930News JournalWilmington, OH
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Article Text
BANK DEPOSITORS MUST FILE CLAIMS
Depositors of the Sabina have been notified file claims against the Institution September 15. The in process of tion, closing after heavy run eral weeks
DIIES FROM INJURIES
Floyd McKinley, Mt. Joy, here today of injuries received when he was crushed between automobile and He had been riding on the fender of the sion law for Ohio, which I augurated the years
13.October 13, 1930News JournalWilmington, OH
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Article Text
SABINA BANK MAY BE OPENED SOON
The Sabina Bank, which closed its doors several weeks ago after a heavy run by depositors, probably will re-open within the next few days, officials of the institution. stated Monday. Conditions for opening of the bank look favorable. the officials stated. The required amount of stock to re-open the institution has not been subscribed, but It is be lieved the amount will be obtained within the next few days.
CHANEY RECOVERING Charles Chaney is reported recovering at Hale Hospital from an operation for appendicitie to which he submitted last Saturday.
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.
