gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fbccd008db7ea7dc
Response Measures
None
Description
Multiple episodes: Oct 1928 run → state-ordered closure then reopening Dec 1928; a second run/closing occurred Sept 1929 and final outcome is unclear.
Events (5)
1.October 1, 1928*Run
Cause Details
Quiet withdrawals in October led to loss of liquid funds; immediate trigger not specified as rumor or external shock.
Newspaper Excerpt
Withdrawal of funds during quiet run on the bank during October
Source
newspapers
2.October 31, 1928Suspension
Cause
Government Action
Cause Details
Closed by the state department of banking on October 31 after the October run/withdrawals.
Newspaper Excerpt
Security bank of Meadow Grove, closed by the state department of banking, October 31
Source
newspapers
3.December 26, 1928Reopening
Newspaper Excerpt
again open for business with its solvency fully restored. Secretary Bliss says community spirit accomplished the rejuvenation.
Source
newspapers
4.September 10, 1929Run
Cause Details
Sudden depositor withdrawals exhausted liquid assets; immediate precipitant not specified.
Measures
Expected reorganization was mentioned but no specific measures described in article.
Newspaper Excerpt
Run On Security Bank Causes Second Closing ... closed its doors for the second time Tuesday morning. The closing was made necessary by a sudden run on the bank.
Source
newspapers
5.September 10, 1929Suspension
Cause Details
Bank closed following the sudden run; article notes previous failure and past reorganization but does not state receiver appointment or permanent resolution.
Newspaper Excerpt
Run On Security Bank Causes Second Closing ... closed its doors for the second time Tuesday morning.
Source
newspapers
Newspaper Articles (10)
1.December 26, 1928The Bushnell RecordBushnell, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN (Special) Security bank of Meadow Grove, closed by the state department of October 31, again open for business with its solvency fully restored. Secretary Bliss says community spirit accomplished the rejuvenation. the only bank in the town. Withdrawal of funds during quiet run on the bank during October, rather than frozen assets, forced to close. It then had capital stock $25,000 and surplus of $2,300. This was used to retire slow notes and losses. Farmers and business men to the number 133 subscribed to finance the new bank, and starts off with this amount clear capital and deposits of $157,000. The item of $35,000 in land carried an asset of the bank has been largely retired by sale depositors, Warrick president and Larson, Rising City, has been named cashier This is third closed bank be rejuvenated, the others being Brunswick Venango.
2.December 27, 1928The Allen NewsAllen, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Lincoln, Neb., (Special) Security bank or Meadow Grove, closed by the state department of banking, October 31, again open for business with its solvency fully restored. Bliss that community spirit accomplished the the only bank in the town. Withdrawal of funds during quiet run on bank during October, rather than frozen assets, forced close. then had capital and surplus of This was used to retire notes and losses. Farmers and business to the number 133 subscribed to finance the new bank, and starts off with this clear capital and deposits of $157,000. The item of in land ried as an asset of the bank has been largely retired by sale of depositors, Warrick president and Larson, of Rising City, been named cashier. This third closed bank rejuvenated, the others being Brunswick and Venango.
3.December 27, 1928Arlington Review-HeraldArlington, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Lincoln, Neb., (Special) Security bank of Meadow Grove, closed by the state department of banking, October 31, again open for business with its solvency fully restored. Secretary Bliss says that community spirit accomplished rejuvenation. It is the only bank in the town. Withdrawal of funds during quiet run on the bank during October, rather than frozen assets, forced to close. It then had capital stock of $25,000 and surplus of $2,300. This was used to retire slow notes and losses. Farmers and business men the number of 133 subscribed $40,000 to finance the new bank, and it starts off with this amount of clear capital and deposits of $157,000. The item of in land carried as an asset of the bank has been largely retired by sale of depositors, W. Warrick is president and W. Larson, of Rising City, has been named as cashier. This is the third closed bank to be rejuvenated, the others being at Brunswick and Venango.
4.December 27, 1928The FrontierO'Neill, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Lincoln, Neb., (Special) Security bank or Meadow Grove, closed by the state department banking, October 31, again business with its solfully restored. Secretary says community spirit bank the town. drawal bank during rather had capital stock This slow and and business the number 133 subscribed to finance the bank, and starts off this amount and deposits of $157,ried of the bank has been retired by sale positors, Warrick Larson, Rising City, has been named cashier. the third closed bank rejuvenated, the others being Brunswick and Venango.
5.December 27, 1928The Oakdale SentinelOakdale, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Neb., (Special) Security bank of Meadow Grove, closed by the state department of banking, October 31, again for business with its solvency fully restored. Secretary Bliss that community spirit accomplished the rejuvenation. It the only bank the town. Withdrawal of funds during quiet run the bank during October, rather frozen assets, forced to close. then had capital stock $25,000 and surplus of to retire slow notes and losses. and business the number 133 subscribed finance the new bank. and starts off with this capital and of $157,000. The item of in land carried an asset of the bank has largely sale depositors, Warrick president Larson, of Rising City, has been named cashier This third closed bank rejuvenated, the others being at Brunswick Venango.
6.December 27, 1928Winside TribuneWinside, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Lincoln, Neb., (Special) Security bank of Meadow Grove, closed by the state department banking, October 31, again open for business its vency fully restored. Secretary Bliss says that community spirit accomplished rejuvenation. It bank the town. Withdrawal funds during quiet run on bank during October, rather than frozen assets, forced close. then had capital stock $25,000 and surplus of $2,300. This was used to retire slow notes losses. Farmers and business the number 133 subscribed finance the new bank, and starts off with this amount of clear capital and deposits of $157,000. The item of land carried an asset of the bank has been largely retired by sale of depositors, Warrick and Larson, of Rising City, has been named cashier. This the third closed bank to the others being at Brunswick and Venango.
7.December 28, 1928Clearwater RecordClearwater, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN (Special) Neb., Meadow bank Security state departGrove, October of ment business again Secretary restored. fully vency community says that Bliss the town. Withthe only run funds during drawal rather October, bank during the forced frozen assets, than capital stock had then $25,000 notes to retire This was business Farmers and number of men the and finance new to amount with deposits of capital and clear land carThe bank has the asset ried sale retired been largely president Warrick positors, W. O. Larson, Rising City, been named closed bank to third This rejuvenated. the others being Brunswick and Venango,
8.December 28, 1928The South Sioux City MailSouth Sioux City, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Lincoln, Neb., (Special) Security bank of Meadow Grove, closed by the state department of banking, October 31, again open for business with its solvency fully restored. Secretary says that community spirit accomplished the rejuvenation. It the only bank the town. Withdrawal of funds during quiet run on bank during October, rather than frozen assets, forced then had capital stock $25,000 and a surplus of $2,300. was to retire notes and losses. Farmers and business to the number of 133 subscribed finance the new bank, and starts with this amount capital deposits of $157,000. The item of in land carried as an asset of the bank has largely retired by sale of depositors, Warrick is president and O. Larson, of Rising City, been as cashier This the third closed bank to be the others being at Brunswick and Venango.
9.December 28, 1928The St. Edward AdvanceSt. Edward, NE
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Article Text
BANK RECENTLY CLOSED OPENS DOORS AGAIN Lincoln, Neb., (Special) Security bank of Meadow Grove closed by the state department of October 31, is again for business with its solvency fully restored. Secretary Bliss that community spirit accomplished the It the bank in the town. Withof funds quiet run the bank during October, rather forced close. It then had capital stock of of $2,300. used to retire slow notes and losses. Farmers business to the number 133 subscribed $40.000 finance the new bank. and starts off with this amount of capital and of $157,000 The of in land carried as an asset of the bank has been by sale of deWarrick president and of Rising City, been named as cashier the third closed bank to rejuvenated the others being at Brunswick Venango.
10.September 12, 1929The Madison NewsMadison, NE
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Article Text
Run On Security Bank Causes Second Closing
The Security bank of Meadow Grove closed its doors for the second time Tuesday morning. The closing was made necessary by a sudden run on the bank. It was expected that immediate reorganization would take place. The bank failed about a year ago and was eventually reorganized. Tuesday's closing came as a surprise to Madison county. It was understood that the liquid assets of the bank had been exhausted by a steady withdrawal of depositors. Enough funds could not be realized from notes in possession of the bank, on such short notice.
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.
