gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
92266d6c5c87ca56
Response Measures
None
Description
Articles report the Turner State Bank in Edinburg failed to open on Oct. 19; permanence of closure not specified in these pieces.
Events (1)
1.October 19, 1929Suspension
Cause
Bank Specific Adverse Info
Cause Details
Articles cite frozen assets and bank examiners scanning books of closed banks in the area, suggesting bank-specific liquidity/asset problems
Newspaper Excerpt
the Citizens' State Bank and the Turner State Bank, both of Edinburg, failed to open today
Source
newspapers
Newspaper Articles (10)
1.October 19, 1929The Plain DealerCleveland, OH
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Article Text
PLANE BRINGS $500,000, ENDING RUN ON BANK
(Chicago Tribune Press Service) arrival of three Federal Reserve Bank officers in government airplane at 1:45 this afternoon with $500,000 in abruptly halted an all-day run on the Farmers National Bank here after five other Christian County banks closed their doors within week. this morning, when the Farmers National opened its doors, line gathered and withdrawals began. At noon 250 persons were in the line and hysterical men and women fought for positions near the cashier's window. Realizing that at the rapid rate of withdrawals. the available currency soon would be withdrawn. Adams, president of the bank, appealed to Federal Reserve officers. The airplane bringing the money landed here one hour and 50 minutes after the call for help was received in Chicago. squad of deputy sheriffs, and three automobiles escorted the money to the bank.
Depositors who were in the line were shoved aside with shotguns the guards entered the bank, the two gunnysacks containing the currency thrown over their shoulders. With the entry of the guards and money, the waiting line melted away. The First National Bank and Taylorville National Bank and the Turner State Bank Edinburg failed to open today. Colegrove State Bank Taylorville closed the State Bank Bulpitt the State Bank Edinburg closed
2.October 19, 1929The Saginaw NewsSaginaw, MI
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Article Text
BRINGS BANK
Several Illinois Institutions Close, Leaving One to Stand Brunt.
(By Associated Press.)
Oct. Out of the sky yesterday dropped money bags to bring renewed faith to town and stave bank which would almost run certainly have resulted empty vaults the only bank which mained open. The drone of an airplane motor day was saved that the line of 250 depositors front of the Farmers' National bank need have no fears not getting their Almost like magic the line faded away and another redepositing money they earlier Relief rushed by airplane to the Farmers' bank by Chicago fedreserve officials soon they learned Taylorville's other three banks had been closed. Today bank examiners were scanning the books the three closed banks and banks three others nearby towns. Thus far, cially blamed for the The banks that been closed Colgrove company, State bank, Taylorville National bank and First National bank of Citizens' State bank Turner State banks, both of Edinburg: State bank of Bulpitt.
3.October 19, 1929The Paducah SunPaducah, KY
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Article Text
RUN ON BANK IS CHECKED BY PLANE
Chicago Bank Sends Funds to Illinois Bank
ILL., Oct. 19 of the sky yesterday dropped bags to bring renewed faith town and stave off bank run which would most certainly have resulted empty vaults the only bank which remained open The drone an airplane motor the signal that the day was saved and that the line of 250 positors front of the Farmer's National Bank need have no fears of not getting their money. most like magic the line faded away another redepositing money they earlier had withdrawn. Relief rushed by airplane Farmers Bank by Chicago Federal Reserve officials as soon they learned that Taylorville's other three banks had been closed. The banks that have been closed John Colegrove and company, state bank: the National Bank, and the First National Bank, all of Taylorville; Citizens State Bank and the Turner State Bank both Edinburg, and the State Bank of Bulpitt.
AIRPLANE BRINGS MONEY TO BANKS Arrival of Cash Turns Run Into Depositors' Rush Taylorville, 111., Oct. 19 (A)--Out of the sky yesterday dropped money bags to bring renewed faith to a panic stricken town and stave off a bank run which would almost certainly have resulted in empty vaults at the only bank which remained open. The drone of an airplane motor was the signal that the day was saved and that the line of 250 depositors in front of the Farmers' National bank need have no fears of not getting their money. Almost like magic the line faded away and another formed--customers redepositing the money they earlier had withdrawn. Relief was rushed by airplane to the Farmers' bank by Chicago federal reserve officials as soon as they learned that Taylorville's other three banks had been closed. Today bank examiners were scanning the books of the three closed banks and banks in three other nearby towns. Thus far, "frozen assets" have been unofficially blamed for the shutdowns. The banks that have been closed are: John B. Colegrove & Company, State Bank, the Taylorville National bank, and the First National bank. all of Taylorville; the Citizens' State bank and the Turner State banks, both of Edinburg, the State bank of Bulpitt.
5.October 19, 1929Evening StarWashington, DC
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Article Text
FUNDS DROP FROM SKY TO STOP BANK RUN AS 3 OTHERS CLOSE Plane Motor's Drone Saves Day and Customers Redeposit Withdrawn Money. By the Associated Press. tomers redepositing the money they earlier had withdrawn. TAYLORVILLE, Ill., October 19.Relief was rushed by airplane to the Out of the sky yesterday dropped money Farmers' Bank by Chicago Federal Rebags to bring renewed faith to a panicserve officials as soon as they learned stricken town and stave off a bank run that Taylorville's other three banks had been closed. which would almost certainly have reToday bank examiners were scanning sulted in empty, vaults at the only bank the books of the closed banks. Thus which remained open. far, "frozen assets" have been unofficially blamed for the shutdown. The drone of an airplane motor was The banks that have been closed are: the signal that the day was saved and John B. Colegrove & Co., State Bank, that the line of 250 depositors in front the Taylorville National Bank and the of the Farmers' National Bank need First National Bank, all of Taylorville; the Citizens' State Bank and the Turhave no fears of not getting their money. Almost like magic the line ner State Bank, both of Edinburg; the faded away and another formed-cusState Bank of Bulpitt.
6.October 19, 1929News-PressFort Myers, FL
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Article Text
Plane Drops Money Bags To Stop Run On Illinois Bank
(By The Associated Press) Out of the sky yesterday dropped money bags to bring renewed faith to a panic stricken town and stave off a bank run which would almost certainly have resulted in empty vaults at the only bank which remained open. The drone of an airplane motor was the signal that the day was saved and that the line of 250 depositors in front of the Farmers National bank need have no fears of not getting their money. Almost like magic the line faded away and another formed customers redepositing their money they earlier had withdrawn. Relief was rushed by airplane to the Farmers bank by Chicago Federal Reserve officials as soon as they learned that Taylorville's other three banks had been closed. Today bank examiners were scanning the books of the three closed banks and banks in three other nearby towns Thus far. "frozen assets" have been unofficially blamed for the shutdowns. The banks that have been clos ed are: John B. Colegrove and Company, state bank, the Taylor ville National bank, and the First National bank, all of Taylorville the Citizens State bank and the Turner State bank both of Edinburg. and the State Bank of Bulpitt.
7.October 19, 1929The Birmingham NewsBirmingham, AL
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Article Text
Money Bags Drop From Skies And Halt Run On Bank
Out Friday money bags bring faith to town and stave off bank run which would almost certainly have resulted empty vaults at the only bank which remained open. The drone an airplane motor was the signal that the day saved and that the line of 250 depositors in front of the Farmers Na. tional Bank need have no fears of not getting Almost like magle faded and other formed redepositing the money they had Relief rushed by airplane to the Farmers Bank by Chicago Federal officials they learned that Taylorville other three banks had been closed Saturday bank examiners were scanning the three closed and banks three other nearby Thus "frozen assets have been unofficially blamed for the The banks that have closed John B. Colegrove Company. National Bank First National Bank, all of Taylorville the Citizens State Bank and Turner State Bank, both of Edinburg: the State Bank
8.October 19, 1929The JournalMeriden, CT
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Article Text
MONEY FALLS OUT THE CLOUDS
Panic Is Replaced By Confidence as Plane Drops Cash
Taylorville, III., Oct. of the sky dropped money bags bring renewed faith to panic stricken town and stave off bank run which would almost certainly have resuted empty vaults at the open. The drone airplane motor was the signal that the day was saved and line 250 depositors front of the Farmers' National bank need have fears not getting money. Almost like magic the line faded forme? redepositing the money they earlier had Relief rushed airplane to the Farmers' bank Chicago Federal Reserve officials they learned that other three banks had closed. Today bank examiners were scanning the books of the three closed banks and banks in three others nearby Thus "frozen have been unofficially blamed for the shutdowns. The banks that have been closed John Colegrove state bank; the Taylorville National bank, the First Natinal Taylorville; Citizens' State bank and the Turner State Banks, Edinburg, the State Bank of Bulpitt.
Plane Brings Cash to Stave Off Run on Illinois Bank
By Associated Press. Out of the sky Friday dropped money bags to bring renewed faith panic stricken town and stave off bank run which would almost certainly have resulted in empty vaults at the only which open. The drone of an airplane motor was the signal that was and that the of 250 in front the Farmers National Bank need have fears not getting their no money. Almost like magic the line faded away and another tomers redepositing the money they had withdrawn. Relief rushed by airplane to the Farmers Bank by reofficials they learned that other three banks been Saturday bank examiners were scanning the books the three closed bank banks in three others in nearby Thus far, have been blamed unofficially for the shutdowns. The banks that have been closed are: John Colegrove State Bank, Taylorville National Bank, and the First National Bank, all of Taylorville: the Citizens State Bank the Turner State Banks, both Edinburg, the State Bank of Bulpitt.
10.October 21, 1929Sidney Daily NewsSidney, OH
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Article Text
AIRPLANE BRINGS ENDING RUN ON BANK
Taylorville, rival of three Federal Reserve Bank officers in a government airplane at this afternoon with in cash abruptly halted an all day run on the Farmers National Bank here after five other Christian County banks closed their doors within a week. when the Farmers National opened its doors,, line gathered and withdrawals began. At noon 250 persons were in the line and hysterical men and women fought for positions the near cashiers window. Realizing that at the rapid rate of withdrawals, the available currency soon would be withdrawn, A. Adams, president of the bank, appealed to Federal Reserve officers. The airplane bringing the money landed here one hour and 50 minutes after the call for help was received in Chicago. A squad of deputy sheriffs, and policemen in three auto mobiles escorted the money to the bank.
Depositors were in the line were shoved aside with shotguns as the guards entered the bank, the two gunnysacks containing the currency thrown over their shoulders. With the entry of the guards and money, the waiting line melted away. The First National and Taylorville National bank and the Turner State Bank Edinburg failed to open today The Colegrove State Bank in Taylorville closed last Thursday, the Farmers State Bank at Bulpitt on the following day, and the Farmers State Bank at Edinburg closed yesterday.
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.
