gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c59be3d82fafd890
Response Measures
None
Receivership Details
Depositor recovery rate
24.9%
Date receivership started
1923-07-30
Date receivership terminated
1932-11-19
OCC cause of failure
Economic conditions
Share of assets assessed as good
21.5%
Share of assets assessed as doubtful
55.4%
Share of assets assessed as worthless
23.1%
Description
Closed June 25 under national bank examiners for reorganization and subsequently went into receivership.
Events (4)
1.August 28, 1901Chartered
Source
historical_nic
2.June 25, 1923Suspension
Cause
Bank Specific Adverse Info
Cause Details
Overloans and slow repayment of loans triggered shrinking deposits and fear of an out-and-out run; directors called in national bank examiners.
Newspaper Excerpt
failed to open its doors this morning a notice posted announcing that the institution was in the hands of the National bank examiners.
Source
newspapers
3.July 30, 1923Receivership
Source
historical_nic
4.July 30, 1923Receivership
Newspaper Excerpt
Receiver has posted notices to persons who have claims on bank. (Clark Wasson, receiver for the defunct First National bank of Sapulpa...)
Source
newspapers
Newspaper Articles (19)
1.June 26, 1923Drumright Weekly DerrickDrumright, OK
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Article Text
NATIONAL BANK THAT SUSPENDED WILL OPEN SOON
First National to Start Again July 5 With $100,000 of New Money
By the Associated Press
Sapulpa, June 26.—Reorganization of the First National Bank, which was placed in the hands of National Bank examiners yesterday, will be completed this week, president F. B. Reed announced today.
The bank will reopen July 5 in its new $300,000 home, which will be ready for occupancy then.
The reorganization committee announced that $100,000 of new money is to be placed into this institution by stockholders and that the amount is practically all secured now.
The depositors will lose nothing, President Reed announced.
Reed will remain in the bank.
2.June 26, 1923Drumright Weekly DerrickDrumright, OK
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SAPULPA BANK IS NOT IN BAD WAY
Slow Repayment and Fear of Run Given as Reason for Reorganization
Sapulpa, June 26.—Slow repayment of loans and fear of an out-and-out run by depositors is given as the cause for the failure of the First National bank of Sapulpa to open its doors yesterday morning. Not a depositor will lose a penny, it was confidently stated, and business will be resumed in the new home of the bank as soon as it is completed.
Members of the board of directors issued a formal statement in which they stated that the bank had been closed and was in the hands of bank examiners, pending a thorough reorganization. The new bank will open shortly, in the new $100,000 building at Main and Dewey, it was said, and none of the depositors will lose a penny. Members of the board of directors are F. B. Reed, who is also president of the institution; E. T. Creegan, also vice president; I. F. McGee, also cashier; J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.
"The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking," President F. B. Reed said. "We didn't want an out and out run on the bank, and as many were withdrawing their deposits the board of directors called in the bank examiners.
"We are going ahead with the plans for re-organization and expect to open soon with new officers and new money. The new bank will be located in the new 3-story building now nearing completion at Main and Dewey."
Examiner Filson, who with Examiner Roberts was busy at the bank today said that overloans and slow payments had caused the bank to close. "The officers had made heavy loans and repayments were slow," Filson explained "During the last few days the officers and directors have been attempting a reorganization without closing the bank but deposits were being withdrawn and so to be fair with everyone, it was decided to call in the examiners. We have found no shortages, so far, and I don't believe that any of the depositors will lose a penny. The officers and directors are going ahead with the reorganization and plan to reopen with new officers and new funds."
3.June 26, 1923The Wichita EagleWichita, KS
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SAPULPA BANK CLOSES
First National, Oldest in City in Hands of Examiners
SAPULPA, OKLA., June 25.—The First National Bank of Sapulpa the oldest bank in the city, failed to open its doors this morning a notice posted announcing that the institution was in the hands of the National bank examiners.
Directors of the bank issued a statement saying the bank was being reorganized and that they believed depositors would lose nothing.
The bank was founded in 1901 and a new $100,000 home is now under construction. National bank examiner Charles Filson is in charge.
4.June 26, 1923Tulsa WorldTulsa, OK
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BANK IN SAPULPA FORCED TO CLOSE
Slow Payment of Loans, Fear of Runs, Shuts Up First National
REORGANIZATION IS ON
Institution, Oldest in Sapulpa, Will Reopen Soon in New Three-Story Building
Special to The World.
SAPULPA, June 25.—Slow repayment of loans and fear of an out and out run by depositors, resulted in the First National bank of Sapulpa failing to open its doors for business at 9 o'clock this morning.
A notice on the door stated that the bank had been closed at the request of the board of directors and was in the hands of national bank examiners, pending a reorganization. The notice was signed by Charles H. Filson, national bank examiner who with L. K. Roberts, also national bank examiner, has taken charge of the bank.
Members of the board of directors issued a formal statement in which they stated that the bank had been closed and was in the hands of bank examiners, pending a thorough reorganization. The new bank will open shortly, in the new $100,000 building at Main and Dewey, it was said, and none of the depositors will lose a penny. Members of the board of directors are F. B. Reed, who is also president of the institution; E. T. Creegan, also vice president; I. F. McGee, also cashier; J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.
"The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking," President F. B. Reed said. "We didn't want an out and out run on the bank and as many were withdrawing their deposits the board of directors decided to call in the bank examiners.
"We are going ahead with the plans for re-organization and expect to open soon with new officers and new money. The new bank will be located in the new 3-story building, now nearing completion, at Main and Dewey."
Examiner Filson, who with Examiner Roberts was busy at the bank today, said that overloans and slow payments had caused the bank to close. "The officers had made heavy loans and repayments were slow," Filson explained. "During the last few days the officers and directors have been attempting a reorganization without closing the bank but deposits were being withdrawn and so to be fair with everyone, it was decided to call in the examiners. We have found no shortages, so far, and I don't believe that any of the depositors will lose a penny. The officers and directors are going ahead with the reorganization and plan to reopen with new officers and new funds."
Oldest Bank in Sapulpa.
The First National bank was the oldest of Sapulpa banks and the CONTINUED ON PAGE THREE
5.June 29, 1923The Drumright NewsDrumright, OK
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Article Text
NATIONAL BANK THAT SUSPENDED WILL OPEN SOON
First National to Start Again July 5 With $100,000 of New Money
Sapulpa, June 26.—Reorganization of the First National Bank, which was placed in the hands of National Bank examiners yesterday, will be completed this week, president F. B. Reed announced today.
The bank will reopen July 5 in its new $300,000 home, which will be ready for occupancy then.
The reorganization committee announced that $100,000 of new money is to be placed into this institution by stockholders and that the amount is practically all secured now.
The depositors will lose nothing, President Reed announced.
Reed will remain in the bank.
6.June 29, 1923The Drumright NewsDrumright, OK
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Article Text
SAPULPA BANK IS NOT IN BAD WAY
Slow Repayment and Fear of Run Given as Reason for Reorganization
Sapulpa, June 26.—Slow repayment of loans and fear of an out-and-out run by depositors is given as the cause for the failure of the First National bank of Sapulpa to open its doors yesterday morning. Not a depositor will lose a penny, it was confidently stated, and business will be resumed in the new home of the bank as soon as it is completed.
Members of the board of directors issued a formal statement in which they stated that the bank had been closed and was in the hands of bank examiners, pending a thorough reorganization. The new bank will open shortly, in the new $100,000 building at Main and Dewey, it was said, and none of the depositors will lose a penny. Members of the board of directors are F. B. Reed, who is also president of the institution; E. T. Creegan, also vice president; I. F. McGee, also cashier; J. A. Boyd, J. W. Adams, Sam Dreyfus and A. H. Stone.
"The shutdown was caused by slow repayment of loans and the fact that deposits were shrinking," President F. B. Reed said. "We didn't want an out and out run on the bank and as many were withdrawing their deposits the board of directors called in the bank examiners.
"We are going ahead with the plans for re-organization and expect to open soon with new officers and new money. The new bank will be located in the new 3-story building, now nearing completion at Main and Dewey."
Examiner Filson, who with Examiner Roberts was busy at the bank today said that overloans and slow payments had caused the bank to close. "The officers had made heavy loans and repayments were slow," Filson explained. "During the last few days the officers and directors have been attempting a reorganization without closing the bank but deposits were being withdrawn and so to be fair with everyone, it was decided to call in the examiners. We have found no shortages, so far, and I don't believe that any of the depositors will lose a penny. The officers and directors are going ahead with the reorganization and plan to reopen with new officers and new funds."
7.August 5, 1923Tulsa WorldTulsa, OK
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News of Sapulpa
SAPULPA, Aug. 4.—September 1 is the date set for the reopening of the First National bank, which closed its doors here June 25, according to plans approved at a meeting of the depositors of the bank held at the First Christian church Friday night. The plan which was accepted is that out of $100,000 capital and $50,000, the depositors raise $45,000, while Charles Stewart of the American National bank of Pawhuska, and Major and Edwin Russell of the Bank of Commerce there, raise $105,000. At the opening date 50 per cent will be paid on deposits with a percentage of the remainder from the hands of the receiver. A large number of depositors have made known their intention of leaving their deposits in the bank one year, and a number of others said they would take theirs in stock.
Huber Hughes, formerly of the Bank of Commerce here, who was at Bella Vista with his family on a vacation returned Friday. The 4,000 depositors of the bank have about $750,000 tied up now as the banks' affairs stand. The loans which are conceded to be a total loss to the bank do not exceed the capital and surplus of the depository, it was stated. An enthusiastic crowd of depositors greeted the reorganization plans with approval, pledging themselves not to make a run on the bank as soon as it opened, but to leave their accounts for a long enough time to put the bank on its feet.
Paul Osburn, who was arrested here on a charge of possession of intoxicating liquor will not be returned to Osage county on charges of wife desertion. He is charged here with possession of whisky, and with carrying a concealed weapon. He will be held on both charges but no date has yet been set for a hearing.
Bennie Wallis was able to be taken to his home from the city hospital Saturday following an operation Sunday.
Miss Bernice Mara returned to her home Saturday after spending two weeks visiting friends in the western part of the state.
Mr. and Mrs. W. E. Fiske and two daughters Bessie and Lonnie left Saturday for Los Angeles, Cal., where they will make their home.
Mr. and Mrs. Ike Walker and T. A. Herbert motored to Norman Saturday.
Road Conditions.
Oklahoma City, fair, rough in places. Miami, good; Muskogee good, rough in places. Shawnee good; McAlester, rough in places; Tishomingo, good; Chickasha, rough and dusty; Elk City, fair, rough in places; Enid, good, rough in places.
8.August 6, 1923Bristow Daily RecordBristow, OK
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PLANS MADE TO REOPEN BANK
REORGANIZATION OF SAPULPA FIRST NATIONAL IS WELL UNDER WAY.
Plans to reopen the First National bank of Sapulpa, which failed in June have been completed, it was announced at Sapulpa Saturday. Huber C. Hughes, who recently sold his interests in the Bank of Commerce there is to head the re-organized bank. The bank will be ready for business by September 1, or before.
Commenting on the agreement whereby the bank is to be opened, the Sapulpa Herald says in part:
"According to present plans which are accepted by the depositors last night the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receiver, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major Kennedy and Edwin Kennedy of the Bank of Commerce there, is that out of $100,000 capital and $50,000 surplus they will raise $105,000 if the depositors of this bank will produce $45,000. This will put the bank on its feet with the provision made that there will be no run made on the bank by depositors as soon as its doors are again opened.
All of the depositors at the gathering last night pledged their heartiest support to the plans agreeing to leave their deposits in the bank except for such ordinary business transactions and living expenses as it is necessary to draw out. The 4,000 depositors of the failed bank have a total of $750,000 tied up now. Local bankers and business men expressed belief that the bank would continue a strong depository and will pay 100 cents on the dollar if the present deposits stand by it after it reorganizes.
"The Pawhuska men have agreed to invest their money in this bank only on the condition that Huber Hughes, formerly of the Bank of Commerce here, take charge of its affairs. Hughes agreed to do so and returned yesterday from Bella Vista, Ark., where he had gone on a fishing trip to be able to attend last night's depositors meeting. When the proposition was put before the house by R. B. Thompson, Hughes was heartily approved and applauded as the man for the place.
"The total loss in bad loans which the bank has sustained and which in part forced the closing of its doors does not exceed its capital and surplus according to the statement of its condition made by Thompson. This means that the depositors will be paid in full but that the stockholders have not such a pleasant outlook. Hughes stated that he would not feel like putting his hands in the bank's affairs at all unless he believed he and the men with whom he is working could make it pay 100 cents on the dollar.
"A number of depositors agreed to leave their entire deposits in the bank one year untouched and a number of others agreed to invest theirs or half of theirs in stock. It is thought by those in charge that $45,000 of a $124,000 loan can be collected within the next six days which will mean a great deal toward hastening the re-opening of the bank."
9.August 6, 1923The Tulsa TribuneTulsa, OK
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Sapulpa Bank Will Re-Open September 1
Special to The Tribune.
SAPULPA.—Depositors in the First National bank here will receive 50 per cent of their funds when the institution re-opens September 1, according to reorganization plans approved at a meeting of the depositors held here last week. The rest of the deposits are to be paid later.
Many of the depositors will leave their funds in the bank while others will accept stock in the new organization, they announced at the meeting. They pledged themselves not to make a run on the bank. The bad loans which caused closing of the bank June 25 do not exceed the capital and surplus it is said.
Exchange to Close Friday.
NEW YORK—The New York Exchange will be closed Friday in observance of President Coolidge's proclamation of a day of nationwide mourning.
10.August 10, 1923The Drumright NewsDrumright, OK
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Argentine Put End To Sunday Flirting
Buenos Aires, Aug. 7.—"Beauty parading" and idle street flirtations, heritage of the Spanish colonial days, are becoming extinct pastimes in Argentina. The devotion given by Argentine youth to out-door sports in the last decade, first by the young men and now in growing measure by the young women, is held accountable for the change.
Twenty-five years ago, the young men of Buenos Aires, stiffly attired in black, with high poke collars and French patent leather shoes, devoted their holiday and Sunday afternoons to strolling along the avenues or loitering on street corners with an eye out, mainly, for pretty girls. The girls, decked out with the knowledge that they were to be admired, devoted the same afternoons to "coche" riding, forming a "beauty parade" as the vehicles drew them along the avenues past the groups of young men with whom they might exchange smiles and flirtatious glances. This was about all the outdoor exercise Argentine young folk took in those days, says the older generation.
Today in Buenos Aires there is hardly a vacant lot on a Saturday, Sunday or holiday afternoon that is not the scene of a football game. Tennis matches are in progress on hundreds of courts, golf balls soar over the fairways of eight different courses, swift racing sculls cleave the waters of the River Lujan, propelled by sunburned arms, on running tracks young men in spiked shoes seek to make records in the hundred meter dash, the hurdles and like events, swimming, basketball and boxing have numerous devotees, while young men of wealth indulge in polo and yacht races on the River Plate. The formal Sunday-afternoon black of a generation ago has been succeeded by light tweeds, homespuns, flannels and sport clothes. The young men have less time to flirt.
PLANT MADE TO REOPEN BANK
Reorganization of Sapulpa First National Is Well Under Way
Plans to reopen the First National bank of Sapulpa, which failed in June have been completed, it was announced at Sapulpa. Huber C. Hughes, who recently sold his interests in the Bank of Commerce, there is to head the re-organized bank. The bank will be ready for business by September 1, or before.
Commenting on the agreement whereby the bank is to be opened, the Sapulpa Herald says in part:
"According to present plans which are accepted by the depositors, the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receivers, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major"
11.August 10, 1923The Drumright NewsDrumright, OK
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PLANT MADE TO REOPEN BANK
Reorganization of Sapulpa First National Is Well Under Way
Plans to reopen the First National bank of Sapulpa, which failed in June have been completed, it was announced at Sapulpa. Huber C. Hughes, who recently sold his interests in the Bank of Commerce, there is to head the re-organized bank. The bank will be ready for business by September 1, or before.
Commenting on the agreement whereby the bank is to be opened, the Sapulpa Herald says in part:
"According to present plans which are accepted by the depositors, the bank will pay at the time of its opening 50 per cent on deposits. The remainder may be paid from assets in the hands of the receivers, as fast as possible. The offer made by Charles F. Stewart, of the American National bank of Pawhuska, Major Kennedy and Edwin Kennedy of the Bank of Commerce there, is that out of $100,000 capital and $50,000 surplus they will raise $105,000 if the depositors of this bank will produce $45,000. This will put the bank on its feet with the provision made that there will be no run made on the bank by depositors as soon as its doors are again opened.
All of the depositors at the gathering pledged their heartiest support to the plans agreeing to leave their deposits in the bank except for such ordinary business transactions and living expenses as it is necessary to draw out. The 4,000 depositors of the failed bank have a total of $750,000 tied up now. Local bankers and business men expressed belief that the bank would continue a strong depositors and will pay 100 cents on the dollar if the present deposits stand by it after it reorganizes.
"The Pawhuska men have agreed to invest their money in this bank only on the condition that Huber Hughes, formerly of the Bank of Commerce here, take charge of its affairs. Hughes agreed to do so and returned from Bella Vista, Ark., where he had gone on a fishing trip to be able to attend last night's depositors meeting. When the proposition was put before the house by R. B. Thompson, Hughes was heartily approved and applauded as the man for the place.
"The total loss in bad loans which the bank has sustained and which in part forced the closing of its doors does not exceed its capital and surplus according to the statement of its condition made by Thompson. This means that the depositors will be paid in full but that the stockholders have not such a pleasant outlook. Hughes stated that he would not feel like putting his hands in the bank's affairs at all unless he believed he and the men with whom he is working could make it pay 100 cents on the dollar."
12.September 7, 1923Bristow Daily RecordBristow, OK
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MAY LIQUIDATE SAPULPA BANK
RECEIVER HAS POSTED NOTICES TO PERSONS WHO HAVE CLAIMS ON BANK.
Liquidation of the First National bank at Sapulpa is regarded there as a certainty, according to reports reaching here.
An official notice to all persons having claims on the bank has been posted on the front door of the bank stating that all claims must be presented within three months from date or be void.
Clark Wasson, receiver, stated that the notice simply meant that the bank would have to be liquidated, but that he could not state at present how much could be saved for the depositors. No definite figures of the bank's assets can yet be compiled, he said.
13.September 24, 1924Muskogee Times-DemocratMuskogee, OK
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BANK RECEIVER SUES BIG BOND COMPANY
A suit was brought today in United States district court by Clark Wasson, receiver for the defunct First National bank of Sapulpa, against the Massachusetts Bonding and Insurance corporation for the sum of $20,000, with interest since September, 1923.
According to the plaintiff the bonding company is responsible for the acts of banking officers it has bonded, and the petition alleges that due to defalcation on the part of bonded officials, the institution lost the sum named in the suit.
14.September 25, 1924Muskogee County DemocratMuskogee, OK
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BANK RECEIVER SUES BIG BOND COMPANY
A suit was brought today in United States district court by Clark Wasson, receiver for the defunct First National bank of Sapulpa, against the Massachusetts Bonding and Insurance corporation for the sum of $20,000, with interest since September, 1923.
According to the plaintiff the bonding company is responsible for the acts of banking officers it has bonded, and the petition alleges that due to defalcation on the part of bonded officials, the institution lost the sum named in the suit.
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15.October 3, 1924Muskogee Times-DemocratMuskogee, OK
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BANK RECEIVER WITNESS BEFORE FED QUIZ BODY
Clark Wasson Is Called Presumably for Sapulpa Bank Probe
Clark Wasson, receiver for the defunct First National Bank of Sapulpa and former assistant superintendent of the Five Civilized Tribes, was a witness before the United States grand jury sitting here.
A large number of witnesses in various postoffice cases appeared before the grand jury this morning. Cases involving violation of the postal laws consumed most of the day, after which the presentation of bank cases was begun immediately.
See Long Session
Attaches of the United States district attorney's office said today that in all probably the jury would not complete its work before the latter part of next week.
W. J. Barrett, expert bank accountant with the department of justice, returned from Washington where he was in conference with the Attorney General regarding the national banking situation of this state. On his return here he immediately went into conference with Frank D. Lee, United States district attorney, preparatory to the presentation of a number of bank cases before the grand jury.
16.May 21, 1925Drumright Weekly DerrickDrumright, OK
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FRAUD CHARGES IN BANK SUITS
Receiver for First National of Sapulpa Claims Funds Misused
TULSA May 21.-Charging "fraudulent misappropriotion" of certain funds of the defuner First National celver of the bank Wednesday after noon filed in federal court suit for accounting from the former of fleers and directors of the bank for the sum of $195,518.90 growing out of loans made in five different cases. The bank closed its doors early in 1924.
The suit is brought against F. B. Reed. former president of the bank: F. McGee former cashier. J. A Boyd. Sam Dreyfus A. H. Stone, J. W. Adams, W. Miller and Rose G. Creegan as executrix of the estate of
In the first charge of the petition is alleged that the blank loaned M. B. Downs a total of $111,442.89 on a series of notes from June 30, 1922 to June 18. 1925 and alleges that MeGee. Reed Creegan. Adams and Boyd personally interested in the var ous enterprises for which Downs IS charged with having borrowed the money
The second charge is that the bank loaned money to B C Burnett and B. Burnett for the use of the GenPetroleum company, Ross Investment company and Nash Creek Motor company. The total amount of loans in this charge is $17,400. The third charge is that the defesdants fraudulently misappropriat ed the bank's funds by making loans to J. M. Bryan and M. E. Bryan for the use of Electric Amusement park and that Reed and McGee were per sonally interested in the park adventure. Th amount alleged to have been loand for the benefit of th park
17.May 4, 1927Sapulpa HeraldSapulpa, OK
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BANK RECEIVER SENDS LETTER letter has just been The following Sylvia Alexander received by Mrs. Receiver of the from John National which First ply letter behalf of the deposknow when they Hors requesting to final settlement of might expect the bank's Dear Madam to letter of April am replying your from the 5th have just You know in addi hospital probably tion to this bank that also First National Bank the First National Bank the Collinsville, and the Nowata National headquarters for all trusts my being Collinsville, okla Since the first April am not attempting make any further col the assets of the First loctions Bank of Sapulpa have National gotten every dollar out absolutely which believe possible
18.July 31, 1927Tulsa WorldTulsa, OK
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SAPULPA BANK CASE UP
Receiver for First National Is Sueing Directors.
Hearing in the suit brought by the receiver of First National bank of Sapulpa against former directors and filed in federal court May 20, 1925, has been set for Monday before John B. Meserve, special master apopinted by Judge In preparing for the hearing, a large number ponderous ledgers and other bank records from the First National bank of Sapulpa were brought to the federal build. ing yesterday and stored away in locked chambers. According to the petition the bank receiver is asking judgment against the former bank directors for making excessive loans. Robert B. Keenan is attorney for the bank receiver.
WILL APPROVE CONTRACTS OKLAHOMA CITY, July 30 (A. P.)-Edwin Dabney. attorney eral, today announced that he would not withhold approval of highway contracts awarded Thurs day by the state highway commission. Dabney said the law TO. quired the attorney general to ap. prove the contracts as to form. not as to legality. The question of legality of the contracts is now pending in the state supreme court.
19.April 2, 1928Sapulpa HeraldSapulpa, OK
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BANK RECEIVER MAKES REPORT
JOHN H. DYKES DECLARES CON. DITION DEFUNCT INSTITTION
The quarterly repor: of the condition of the defunct First NationBank of this city, the first quarter the present year. was made public this morning statefrom John H. Dykes. receiver. The shows that the receiver has now $26,588.76 cash hand this time. The total dividends paid amount 20%. which Other items the report are follows: assets the date of the banks 1923. bills cash on hand other assets $279,624.74: additional assets acquired March 31 of this year stock $100,000.00, making tal $1,210,716.48 assets bank closed. Assets The assets, the this date. are listed as lows: bills receivable other assets $13,804.29; additional assets acquired stock ass. $58,000; making total of Liabilities the presen: date are: total claims proved on unsecured abilities $546.265; total unproved unsecured claims $35,848.89: total cured liabilities outstanding unpaid, total liabilities total of
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.
