gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
885f588c33f4679a
Response Measures
None
Description
Reorganization/reopening was reported as possible later, but no clear reopening date is given.
Events (2)
1.December 26, 1896Run
Cause
Local Banks
Cause Details
Withdrawals were triggered by recent failures of banks in St. Paul, Chicago and other cities, prompting depositors to withdraw.
Measures
Directors made an assignment to Henry S. Butler; bank did not open anticipating the run.
Newspaper Excerpt
A slight run Saturday caused the closing.
Source
newspapers
2.December 28, 1896Suspension
Cause
Local Banks
Cause Details
Suspended due to threatened run and heavy withdrawals following recent failures in St. Paul, Chicago and elsewhere.
Newspaper Excerpt
The Bank of Superior ... suspended today. The assignment was made by the directors to Henry S. Butler who has taken possession.
Source
newspapers
Newspaper Articles (15)
1.December 28, 1896Deseret Evening NewsSalt Lake City, UT
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Article Text
The Bank of Superior Fails, WEST SUPERIOO, Wis., Dec. 28.The Bank of Superior, doing business at the East End, suspended today. The assignment was made by the directors to Henry S. Butler who has taken possession. The bank had $25,000 capital and $6,000 surplus which largely was tied up in investments. The big proportional deposit of $100,000 was a constant menace. A elight run Saturday caused the closing. The deposits are mostly small amounts. The officers of the bank expect to liquidate in full, unless there is a continual decline or assets.
2.December 28, 1896The Providence NewsProvidence, RI
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Article Text
Another Bank Failure. WEST SUPERIOR, Wis., Dec. 28.-The Bank of Superior, doing business at the east end, suspended today on account of a run with"which it was threatened on account of recent failures. An assignment was made by the directors to Henry Butler. The bank had $25,000 capital and $6000 surplus. The depoists were about $100,000.
Small Bank Unitere. SUPERIOR Wis. Dec. 28.-The Bank of Superior, doing business at the east end. suspended to-day on account of a run with which they were threatened on account of the recent failures. An ast. signment WITH made by the directors to Henry S. Butler. The bank had $26,000 capital and $6,000 surplus which was largely tied HID in Investments
4.December 29, 1896The News & ObserverRaleigh, NC
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Article Text
A WISCONSIN BANK. West Superior, Wis., Dec. 28.-The bank of Superior, doing business at the East End, suspended to-day on account of a run with which they were threatened on account of the recent failures. The deposits are mostly in small amounts and the bank expects to be able to liquidate in full unless there is a continual decline in assets.
5.December 29, 1896Wheeling RegisterWheeling, WV
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Article Text
FINANCIAL DIFFICULTIES. The Atlas National Bank, of Chicago, Shuts Up Shop. No Deposits Being Accepted, and Depositors Being Paid Off as Fast as They Present Their Books-The Done Savings Bank of Chicago Affected by the Recent Failure. Bank of Superior, at Superior, Wisconsin, Suspended - Other Concerns That are No Longer Sound.
6.December 29, 1896New-York TribuneNew York, NY
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Article Text
BANK FAILURE IN SUPERIOR WIS. Superior, Wis., Dec. 28.-Anticipating a run today, the Bank of Superior did not open for business this morning Henry B. Butler is assignee and has assumed charge of the bank's affairs. The failure is due to poor business and heavy withdrawals since recent failures in St. Paul, Chicago and this city. The capital of the bank was $25,000, with surplus of $6,000. The deposits were nearly $100,000. including $13,210 of city funds. This makes nearly $30,000 of public funds tied up in a week. Officials of the bank say they will pay in full.
7.December 29, 1896The Salt Lake HeraldSalt Lake City, UT
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Article Text
Wisconsin Bank Failure. Superior, Wis., Dec. 28.-Anticipating a run today, the Bank of Superior did not open for business this morning. Henry S. Butler, assignee, has assumed charge of the bank's affairs. The failure is due to poor business and heavy withdrawals since the recent failures in St. Paul, Chicago and this city, The deposits were $100,000, including $13,000 city funds. This makes $30,000 public funds tied up in a week. Officials of the bank say they will pay in full.
8.December 29, 1896The Saint Paul GlobeSaint Paul, MN
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Article Text
Superior Bank Closes. WEST SUPERIOR. Wis., Dec. 28.-The Bank of Superior, doing business at the East end, suspended today on account of a run
9.December 29, 1896Daily Kennebec JournalAugusta, ME
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Article Text
The Bank of Superior at Superior, Wis., with a capital of $25,000 and a surplus of $60,000, failed. Monday. The officials closed the bank, fearing a run on account of the Chicago and St. Paul bank failures. The deposits are $100,000.
West Superior Bank Suspends. MILWAUKEE, Dec. 29.-A special to The Evening Wisconsin from West Superior, Wis., says : The Bank of Superior, doing business at East End, has suspended on account of a run with which they were threatened on account of the recent failures. An assignment was made by the directors to Henry S. Butler, who has taken possession. The bank had $25,000 capital and $50,000 surplus, which was largely tied up in investments. It is expected creditors will be paid in full.
FAILED AT SUPERIOR. The Bank of Superior Breaks, Carrying City Funds. West Superior, Wis., Dec. 30.-The Bank of Superior, located at the east end of the city. and the only bank there, suspended to-day on account of a run with which they were threatened on account of the recent failures. An assignment was made by the directors to Henry S. Butler, who has taken possession. The bank had $25,000 capital, and $50,000 surplus, which was largely tied up in investments. The big proportional deposit of about $100,000 was a constant menace, and a slight run was experienced Saturday, which influenced the closing of the institution. The deposits are mostly in small amounts. and the bank expects to be able to liquidate in full unless there is a continued decline in assets. The city of Superior had $13,210 in bank, making nearly $30,000 lost by the city during the past week.
12.January 1, 1897The Corvallis GazetteCorvallis, OR
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Article Text
Bank Closes Its Doors. West Superior, Wis., Dec. 30.The Bank of Superior, doing business in the East End, suspended today. An assignment was made by the directors to Henry S. Butler, who has taken possession. : The bank has $25,000 capital and $6,000 surplus, which is largely tied up in investments. Big proportional deposits of $100,000 was a constant menace. A slight run Saturday caused the closing. The deposits are mostly small amounts. Officers of the bank expect to liquidate in full unless there is a continual decline in assets.
13.January 2, 1897Spirit of the AgeWoodstock, VT
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Article Text
Feared a Run. WEST SUPERIOR, Wis., Jan. 1 --- The bank of. Superior of this city, with a capital of $25,000 and surplus of $60,000. failed. The assignment was made to Henry S.Butler who takes posession. The officials closed the bank. fearing a run on account of Chicago and St. Paul bank failures. The deposits amounted to $100,000.
14.January 19, 1897The Copper Country Evening NewsCalumet, MI
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Article Text
Superior Bank May Reopen. West Superior, Wis., Jan. 19.-Assignee H. S. Butler of the suspended Bank of Superior has filed a statement showing assets and liabilities at $126,777. The bank has loans and real estate to the amount of $100,000. The liabilities include $77,000 deposits. This was the only bank at Superior and will probably be reorganized.
15.April 8, 1897The Dupuyer AcanthaDupuyer, MT
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Article Text
FAILED AT SUPERIOR. The Bank of Superior Breaks, Carrying City Funds. West Superior. Wis., Dec. 29.-The Bank of Superior, located at the east end of the city, and the only bank there, suspended to-day on account of a run with which they were threatened on account of the recent failures. An assignment was made by the directors to Henry S. Butler. who has taken possession. The bank had $25,000 capital. and $50,000 surplus, which was largely tied up in investments. The big proportional deposit of about $100,000 was a constant menace, and a slight run was experienced Saturday. which influenced the closing of the institution. The deposits are mostly in small amounts. and the bank expects to be able to liquidate in full unless there is a continued decline in assets. The city of Superior had $13,210 in bank, making nearly $30,000 lost by the city during the past week.
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.
