gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cf9f78128212811a
Response Measures
None
Description
Sources report an hour-long run followed by suspension; later reopening status is not reported in these articles.
Events (2)
1.July 2, 1926Run
Cause
Bank Specific Adverse Info
Cause Details
Run followed heavy withdrawals linked to outstanding/bad outside loans and inability to deliver on loans.
Measures
Bank suspended operations for the present (announced by president); police/armored funds sent to cover withdrawals.
Newspaper Excerpt
the Bank of Little River closed after a run of an hour's duration.
Source
newspapers
2.July 2, 1926Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors cited outstanding loans on which the bank could not deliver and losses on outside paper as reason for suspension.
Newspaper Excerpt
Three Miami banks suspended operations ... the Bank of Little River closed after run of an hour's duration.
Source
newspapers
Newspaper Articles (19)
1.July 2, 1926St. Louis Post-DispatchSt. Louis, MO
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THREE BANKS CLOSE DOORS IN MIAMI SUBURBS IN DAY
Outstanding Loans on Which They Could Not Deliver Causes Suspensions.
MIAMI, Fla., July Three nancial in Miami suburbs, the Bank of Cocoanut Grove, the Bank of Buena Vista and the Bank of Little River suspended operations heer today Outstanding loans which they could not deliver were given by directors reasons for suspension of activities. All three are state depositories. The bank of Cocoanut Grove and the Bank of Buena Vista failed open for business today the Littie River bank suspended after The Grove bank had deposits of The Buena Vista bank had deposits of
Associated Press Fla., July The Bank of Dania closed its doors shortly before noon today, following heavy by deposiof the bank. announced at noon readjustment would be made immediately that would enable the bank reopen shortly and meet all obligations.
2.July 2, 1926Brownsville HeraldBrownsville, TX
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FOUR FLORIDA BANKS CLOSED HOLLYWOOD, Fla., July 2 (AP)The bank of Dania closed shortly before ,noon today, following heavy withdrawals by depositors. I. T. Parker, vice president, announced a readjustment would be made immediately will enable the bank to re-open shortly. MIAMI, Fla., July 2.-Three - financial institutions in Miami suburbs, the Bank of Cocoanut Grove, the Bank of Buena Vista, and the Bank of Little River, suspended operations here today. Outstanding loans on which they could not deliver were given by directors as reasons for suspension activities.
3.July 3, 1926Kansas City JournalKansas City, MO
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4 FLORIDA BANKS CLOSE AFTER RUN
3 Miami Institutions Close Doors; Another Weathers Raid.
MIAMI, FLA., July 2.-A. P.)Three Miami banks suspended operations, a financial institution in Dania closed its doors and bank weathered a heavy withdrawal of funds today. The Bank of Coconut Grove and the Bank of Buena Vista failed to open for business and the Bank of Little River closed after a run of an hour's duration. The Bank of Dania, a short distance form Miami, suffered a similar withdrawal of funds and ceased operations before noon. At the same time the Bank of Hollywood, also short distance north of this city in Broward county, withstood a brief run. The run on the Bank of Hollywood was precipitated after receipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks. The run subsided shortly after noon when officers received funds sufficient to cover every deposit. George Romfh, president of the Miami Clearing House Association, in commen on the suspension of three suburban banks, declared outside control and loans on outside paper were responsible.
4.July 3, 1926Danville Register and BeeDanville, VA
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Article Text
SUSPENDED
Another Bank In Nearby on Hollywood Bank RUN WITHSTOOD
Losses on Outside Paper Responsible financial Dania closed its doors bank heavy withdrawal funds today. The Bank of Cocanut Grove, and the Bank Buena Vista failed open business and the Bank Little River closed after run hour. The Bank short distance from suffered similar withdrawal of funds ceased operations shortly before noon Hollywood, also short distance north city. withstood brief run. The run on the Bank of was receipt the previous closmet of funds from Miami banks. The subsided shortly noon when officer they funds sufficient to every posit. President George Romfh of the Miami Clearing House Association in commenting the suspension three suburban declared that outside control and loans on outside paper solely were responsible for the
5.July 3, 1926The Plain DealerCleveland, OH
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Florida Financial Concern Closes Doors, Another Weathers Heavy Run. local operations, Dania closed and bank heavy withdrawal funds today. The Bank of Coconut Grove and the of Buena failed for the Bank Little River closed run The Bank distance from similar and ceased shortly At the same time the of short disnorth of this city in Broward withstood a brief run. of Buena Vista and the of made the following bank has decided to suspend for the present and will not open for business It is actuated in this course desire its and to protect its depositors to the fullest Local citizens now on nounce the details institution for speedy liquidation and to relieve the situation. of Little River, through B. Teed 'In the we feel advisable and desirable to suspend for the present. The sound and in good shape. do not the depositors will lose a dollar. President T. Parker of the after closing that readjustment would be made that would enable the bank to reopen shortly and meet all The run bank of Hollywood precipitated after receipt of of previous bank closings, but was met through the receipts of funds from banks. The run shortly after noon funds sufficient to every deposit.
6.July 3, 1926Poughkeepsie Eagle-NewsPoughkeepsie, NY
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FLORIDA BANKS SUSPEND BUSINESS
Miami, July Three local banks suspended operation, financial Institution Dania closed its doors and Hollywood Bank heavy withdrawal funds today. The Bank Coconut Grove, and the Bank Buena Vista failed open for business and the bank Little River closed after run of hour's The Bank Dania, short distance from Miami suffered of funds and ceased operations shortly before noon. the same time the Bank of also short distance north this city in Broward county, withstood brief run. The Bank of Buena Vista and Bank Coconut allied institutions, made the following announcements: Bank has decided to suspend operations for the and will therefore, not open for business today. actuated In this cause by desire and to protect its depositors to the fullest extent." The Bank of Buena Vista opened October 1920, with capital stock $15,000, which had been raised Bank of Coconut Grove openin March 1920 with cap!On March 10, the bank announced of deposits totalling
7.July 3, 1926Finger Lakes TimesGeneva, NY
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FLORIDA BANKS HAVE TROUBLE
Miami, Fla, July local banks suspended operation, flnancial institution at Dania closed doors and Hollywood bank weathered heavy withdrawal funds yesterday. The bank of Coconut Grove, and the Bank of Buena Vista failed open for business and the Bank of Little River closed after run of an hour's duration. The Bank of Dania short distance from Miami suffered simwithdrawal of funds and ceased operations shortly before noon. At the same time the Bank of Hollywood, also short distance north of this city in Broward county, withstood brief run. The Bank of Buena Vista and the Bank Coconut Grove, allied institutions, made the following separate "The bank decided to suspend operations for the present will, therefore, not open for business today. actuated in this cause desire to its and to protect depositors to the fullest exThe Bank of Buena Vista openOctober 19, 1920, with capital stock $15,000 which had been raised $50,000. The bank of Coconut Grove opened March, 1920 with $15,000 capital. March 10, the bank announced capitalization of 000 and deposits totaling $1,605,-
8.July 3, 1926The TennesseanNashville, TN
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Article Text
3 Miami Banks Stop Operations, Others Fear Run
(Continued From First Page) ened in March. 1920. with $15.000 capital. On March 10. the bank announced cabitalization of $30.000 and deposits totalling $1,605.977. R. Anthony headed the board of directors. with A. W. Sanders as president. The bank of Little River. through President B. C. Teed. announced: "In the circumstances we feel It advisable and desirable to suspent operations for the present. The bank is sound and in good shape. We in excess of $200.000 in cash in our vaults. and reserve greater than forty cent. do not think the depositors will lose He intimated his intention of effecting reorganization. At the opening hour crowd awaited entrance to the Little River Bank. and within an hour the number had increased mr makIng withdrawals. Two squadrons of police were dispatched to prevent disorder. and an armored truck bearing funds from Cown town banks was President T. Parker of the Bank of Diana immediately after closing that read. justment made that would enable the bank reopen shortly and meet all obligations The run of the bank of Hollywood was precipitated after receipt of the news of the previous bank closings. but was met through the receipt of funds from Miami banks. The run subsided shortly after when announced funds sufficient to cover every deposit.
9.July 3, 1926The Alaska Daily EmpireJuneau, AK
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FOUR FLORIDA BANKS CLOSED MIAMI, Fla., July 3.-The bank at Cocoanut Grove, bank at Buena Vista and bank at Little River 'have closed. The bank at Hollywood stood the run made this forenoon. The Miami clearing house is blamed for the failures as outside interests control the paper. FORT LAUDERDALE, Fla., July 3. The City Bank failed to open its doors this forenoon.
10.July 3, 1926Daily Kennebec JournalAugusta, ME
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Three Banks Fail At Miami, Florida Miami, Fla., July 2.-(P)-Three Miami financial institutions, the Bank of Cocoanut Grove, the Bank of Buenavista and the Bank of Little River, suspended operations here today. Outstanding loans on which they could not deliver were given by directors as reasons for suspension of activities.
FLORIDA BANKS CLOSED DOORS
MIAMI, Fla., July 3.-The Bank of Coconut Grove and the Bank of Buena Vista failed to open for business here yesterday and the Bank of Little River closed after an hour's "run on the bank". The Bank of Dania, a short distance from Miami, ceased operations in the morning af ter "run" on it. The Bank of HolCocoanut Grove and the Bank of heavy "run."
12.July 3, 1926Chicago TribuneChicago, IL
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BAD LOANS CLOSE 4 STATE BANKS IN SOUTH FLORIDA
Miami, Fla., July local suspended operations, financial institution at Dania closed its doors, and Hollywood bank weathered heavy withdrawal of funds today. The bank Coconut Grove and the Bank Buena Vista failed open for business, and the Bank of Little River closed after run an hour's duration. The Bank of Dania suffered similar withdrawal funds ceased operations shortly before noon. At the same the The Bank of Buena Vista and the Bank of Coconut Grove they actuated in closing by desire its and to its to the fullest The Bank of Little River announced that sound and in good shape, and that had in excess of in cash in vaults reserve The Bank Dania that readjustment would be made that would enable to reopen. President George Romfh of the Miami clearing house, in commenting on the suspension of three suburban banks, declared outside control and loans paper solely responsible for the
13.July 3, 1926The Owensboro MessengerOwensboro, KY
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FLORIDA BANKS CLOSE DOORS IN SUBURBS
Fifth One At Hollywood Weathers Day of Heavy Withdrawals; Deposits Are Not Announced.
Miami, Fla., July local banks suspended operations, financial institution at Dania closed its doors and a Hollywood bank weathered heavy withdrawal of funds today. The Bank of Coconut Grove and the Bank of Buena Vista failed to open for business and the Bank of Little River closed after run of an hour's duration. The Bank of Dania, short distance from Miami. suffered a similar withdrawal of funds and ceased operations shortly before noon at the same time the Bank of Hollywood also short distance north of this city, Broward county, withstood brief run. The Bank of Buena Vista and the Bank of Cocoanut Grove, allied institutions, made the following separate "The bank has decided to suspend operations the present and will, therefore not open for business today. It is actuated in this cause by desire to conserve its resources and to protect its depositors to the fullest extent. Local citizens now are working on plan, and will announce the details few days organize locally controlled institution for
14.July 3, 1926The TribuneScranton, PA
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FLORIDA BANKS CLOSE DOORS: ASSURE DEPOSITORS NO LOSSES
July suspended financial institution Dania closed its doors and Hollywood bank weathered heavy withdrawal of funds today. The Bank of Coconut Grove and the Bank of Buena Vista failed for and the Bank of Little closed an hour's duration. The Bank Dania, short distance from suffered similar withdrawal of funds and ceased shortly before noon. At the time the Bank Hollywood, also short distance north of this in Broward county. withstood brief The Bank of Buena Vista and the Bank of Coconut institutions, made the following separate announcements: "The bank has decided to suspend operations for the present and will. therefore, not open for business tois actuated in this cause desire conserve resources and protect Its depositors to the fullest extent. local citizens are now working plan and the details organize locally controlled for speedy liquidation and to relieve the situation." The Bank of Buena Vista opened on 19. capital stock $15,000. has raised $50,000 The officers include who headed board of with Sanders president. The Bank of Little River, through President the we visable and desirable to ations for the present. The bank sound and In shape. (Continued on Page Two)
15.July 3, 1926Standard-SpeakerHazleton, PA
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FOUR FLORIDA BANKS CLOSED THEIR DOORS
MIAMI, Fla., July 2. (AP)-Three local banks suspended operations, a financial institution at Dana closed its doors and a Hollywood bank weathered a heavy withdrawal of funds today. The Bank of Cocoanut Grove, the Bank of Buenavista, the Bank of Little River and the Bank of Dania were the ones to cease operations. The run on the Bank of Hollywood was precipitated after weceipt of news of the previous bank closings, but was met through the receipt of funds from Miami banks.
16.July 3, 1926Record-JournalMeriden, CT
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Withdrawals Heavy Close Miami Banks
Fla., July Three local banks suspended operations, financial institution Danclosed its doors and bank weathered heavy withdrawof funds today. The Bank of Cocoanut Grove, and the Bank Buena Vista failed open for business and the Bank Little River closed after run hour's duration. The Bank Dania, near Miami suffered similar withdrawal of ceased operations at the same time the Bank of also here, withstood brief The Bank of Buena Vista and the
Bank of Cocoanut Grove, allied inmade the following separate announcements: "The bank has decided to suspend operations for the present and therefore, not open for busiwill, actuated by ness today. its resources aud sire to its depositors to the fullest protect Local citizens extent. plan and will working the few days nounce locally controlled inorganize stitution for speedy liquidation and relieve the situation.'
17.July 3, 1926The Lexington HeraldLexington, KY
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Another Is Saved After Run by Depositors cal banks suspended operations, financial institution at Dania closed its doors, and Hollywood bank weathered heavy withdrawal of funds) today. The Bank of Coconut Grove and the Buena Vista failed open for business and the Bank of Little River closed after of duration. The Bank Dania, short distance from similar withdrawal of funds and ceased erations before noon the same time the Bank of also short distance north of this city Broward county, withstood brief The Bank of Buena Vista and the Bank of Coconut allied made the following sep. bank has decided to suspend operations for the present and will,
18.July 3, 1926The Daily OklahomanOklahoma City, OK
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FIVE FLORIDA BANKS TOTTER
Three in Miami and One In Dania Suspend: Another Withstands Run.
MIAMI, Fla., July local banks suspended operations, financial institution at Dania closed its doors. and a Hollywood bank weathered a heavy withdrawal of funds Friday, The bank of Coconut Grove and the Bank of Buena Vista failed to open for business and the bank of Little River closed after a run of an hour's duration. The bank of Dania, short die tance from Miami. suffered a etmllar withdrawal of funds and ceased operations shortly before noon. At the same time the bank of Holly. wood, also a short distance north of this city, in Broward county, with stood a brief run. The bank of Buena Vista and the bank of Coconut Grove, allied Institutions, made the following separate announcements: "The bank has decided to suspend operations for the present and will therefore not open for business to day. It is actuated In this cause by desire to conserve Its resources and to protect its depositors to the fullest extent."
Pres. 1. T. Parker of the bank of Danta announced Immediately after closing that a readjustment would be made that would enable the bank to reopen shortly and meet all obligations.
The run on the bank of wood precipitated after receipt of news of the previous bank closings, but was met through receipt of funds from Miami banks. Pres. George Romth of the Miami Clearing House association declared that outside control and loans on outside paper solely were responsible for the embarrasement.
19.July 3, 1926Detroit Free PressDetroit, MI
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BANKS CLOSE, 'RUN' ON FIFTH
Florida Institutions Face Crisis; "Readjustments" Are Announced.
Miami, Fla., July the AsPress local banks suspended a financial institution at Dania closed its doors and a Hollywood bank weathered a heavy withdrawal of funds today The Bank Cocoanut Grove the Bank of Buena Vista failed open for and the Bank of Little River closed after run of an hour's duration. The Bank of suffered similar withdrawal of funds and ceased operations shortly before noon. At the same time the Bank of also short distance from this city, withstood a brief
Make Statements.
The Bank of Buena Vista and the Bank Cocoanut allied the following arate bank has decided to suspend for the present and therefore not open for business day. in this by desire and to its the citizens are working and the details days organize tution speedy liquidation and re The Bank of Buena Vista opened October with stock had present deposits for either The Bank Cocoanut Grove March March 10 the bank announced and deposits
Has $200,000 Reserve. The Bank of Little River the feel advisable pend sound good have excess of and reserve than 40 President Parker of after closing that would be made the bank reopen shortly and meet the Bank receipt news of receipts funds Romfh of the Clearing suburban control solely ble for
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.
