gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
451a6f64f90128d0
Response Measures
Full suspension, Books examined
Receivership Details
Depositor recovery rate
27.0%
Date receivership started
1914-01-14
Date receivership terminated
1919-10-31
OCC cause of failure
Fraud
Share of assets assessed as good
14.1%
Share of assets assessed as doubtful
80.6%
Share of assets assessed as worthless
5.3%
Description
One article gives Jan 11 appointment of a receiver but official/known receivership date is 1914-01-14.
Events (5)
1.January 18, 1902Chartered
Source
historical_nic
2.January 14, 1914Receivership
Source
historical_nic
3.January 14, 1914Receivership
Newspaper Excerpt
Acting Comptroller of the Currency Kane today appointed Christopher H. Anhier ... receiver of the Barnesville, Minn. National bank, which was closed by its directors.
Source
newspapers
4.January 14, 1914Run
Cause
Rumor Or Misinformation
Cause Details
Unfounded newspaper articles/rumors in another town triggered heavy withdrawals.
Measures
Bank closed its doors through action of its officers.
Newspaper Excerpt
They claimed that unfounded rumors caused a run, making the closing necessary.
Source
newspapers
5.January 14, 1914Suspension
Cause
Rumor Or Misinformation
Cause Details
Directors closed the bank after a run attributed to unfounded rumors; examiner/receiver to take charge.
Newspaper Excerpt
The Barnesville National bank ... was closed by officials today. The state bank examiner is expected to take charge tomorrow.
Source
newspapers
Newspaper Articles (19)
1.January 14, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
BARNESVILLE BANK CLOSED An Associated Press dispatch to The Forum this afternoon states that the Barnesville National bank, the oldest banking institution there. was closed by officials today. It is claimed unfounded rumors caused a run, making closing of the bank necessary. The state bank examiner is expected to take charge tomorrow. Bank officials declare that every depositor will be paid in full. In connection with the closing, it is alleged that it has been brought about by financial difficulties and disputes within the circles of the Red River
BIG BARNESVILLE BANK IS CLOSED Oldest Institution in Minnesota City Could Not Withstand Run. Barnesville, Minn., Jan. 14.-The Barnesville National bank, the oldest here, was closed by officials today. They claimed that unfounded rumors caused a run, making the closing necessary. The bank examiner is expected to take charge tomorrow. Bank officials declare every depositor will be paid in full.
MINNESOTA BANK CLOSED AS RESULT OF A RUN Barnesville, Minn.-The Barnesville National bank, the oldest here, was closed today by officials. It is claimed that unfounded rumors caused a run, making the closing necessary. The bank examiner is expected to take charge tomorrow. The bank officials declare every depositor will be paid in full.
4.January 15, 1914The Salt Lake TribuneSalt Lake City, UT
Click image to open full size in new tab
Article Text
WASHINGTON D. C., Jan. 11.-Acting Comptroller of the Currency Kane today appointed Christopher H. Anhier, it national bank examiner. receiver of the Barnesville, Minn. National bank, which was closed by its directors.
5.January 15, 1914The Madison Daily LeaderMadison, SD
Click image to open full size in new tab
Article Text
BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. Barnesville, Minn., Jan. 15.-The Barnesville National bank, one of the oldest banking institutions in Barnes. ville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.
BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. Barnesville, Minn., Jan. 15.-The Barnesville National bank, one of the oldest banking institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.
7.January 21, 1914Willmar TribuneWillmar, MN
Click image to open full size in new tab
Article Text
BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.
8.January 21, 1914New Ulm ReviewNew Ulm, MN
Click image to open full size in new tab
Article Text
BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, acrording to'a statement made by Cashler Vangerpen. Every depositor will. be paid in full, he says.
9.January 23, 1914Morris TribuneMorris, MN
Click image to open full size in new tab
Article Text
BANK IS FORCED TO CLOSE Institution Says Newspaper Caused the Trouble. The Barnesville National bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that news. paper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank examiner, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, ac. cording to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.
10.January 29, 1914The Sauk Centre HeraldSauk Centre, MN
Click image to open full size in new tab
Article Text
BANK IS FORCED TO CLOSE Head of Institution Says Newspaper in Neighboring Town Is Responsible for Trouble. The Barnesville National Bank, one of the oldest institutions in Barnesville, closed its doors through action of its officers. It is said that newspaper articles published in another town a week ago caused a run that the bank could not withstand. C. H. Anhier, national bank exeminer, has been telegraphed for and is expected to arrive shortly to check over the affairs. A receiver will be appointed, according to a statement made by Cashier Vangerpen. Every depositor will be paid in full, he says.
11.July 22, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
FOR SALE Se½ 31, and sw 1/4 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
12.July 24, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
FOR SALE-Se½ 31, and sw½ 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
13.July 27, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
# FOR SALE
Se¼ 31, and sw½ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
14.July 28, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
# FOR SALE
Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
15.July 29, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
# FOR SALE
Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
16.August 11, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
# FOR SALE
Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
17.August 14, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
FOR SALE-Se% 31, and sw½ 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone (212-238) 2179,
18.August 15, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
FOR SALE-Se½ 31, and sw 1/2 32-13647, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179. (212-238)
19.August 20, 1914The Fargo Forum and Daily RepublicanFargo, ND
Click image to open full size in new tab
Article Text
FOR SALE-Se¼ 31, and sw¼ 32-136-47, Wilkin county, Minn., 5 miles east from Wolverton, improved. For price and terms see J. A. Kemp, receiver of the Barnesville National bank, at bank in Barnesville, Minn., or at Fargo phone 2179.
(212-238)
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.
