gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f8812f4bbf10673b
Response Measures
Accommodated withdrawals, Full suspension, Books examined
Other: Placed into receivership by the Comptroller (receiver took charge)
Events (6)
1.April 25, 1906Chartered
Source
historical_nic
2.November 4, 1907Run
Cause
Correspondent
Cause Details
Heavy drafts depleted cash and no cash was coming in from outside banks/correspondents
Measures
Closed its doors
Newspaper Excerpt
which closed its doors Nov. 4, after a run lasting several days
Source
newspapers
3.November 5, 1907Suspension
Cause
Correspondent
Cause Details
Heavy drafts on cash and lack of assistance or cash inflows from outside banks forced suspension
Newspaper Excerpt
The Globe National bank, capital $50,000 deposits $300,000 temporarily suspended today. Heavy drafts on cash on hand with no cash coming in from outside banks, forced the suspension.
Source
newspapers
4.November 9, 1907Receivership
Newspaper Excerpt
Notice is hereby given to all persons who may have claims against The Globe National Bank, Globe, Arizona, that the same must be presented to John H. Page, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. WM. B. RIDGELY, Comptroller of the Currency.
Source
newspapers
5.May 23, 1908Reopening
Newspaper Excerpt
The Globe National bank, which closed Its doors Nov. 4, after a running lasting several days, reopened this morning prepared to pay all depositors.
Source
newspapers
6.January 11, 1910Voluntary Liquidation
Source
historical_nic
Newspaper Articles (15)
1.November 6, 1907The Cairo BulletinCairo, IL
Click image to open full size in new tab
Article Text
ARIZONA BANK SUSPENDS. Globe, Ariz., Nov. 5.-The Globe National bank, capital $50,000 deposits $300,000 temporarily suspended today. Heavy drafts on cash on hand with no cash coming in from outside banks, forced the suspension.
2.November 6, 1907The Richmond Palladium and Sun-TelegramRichmond, IN
Click image to open full size in new tab
Article Text
ARIZONA bank SUSPENDS. Globe, Ariz., Nov. 6.-The Globe national bank suspended today.
Globe, Arizona, Bank Quits. Special to the Herald. Globe, Arizona, Nov. 6.-The Globe National Bank suspended today. Heavy drafts on its cash with no outside assistance possible forced the action on the bank.
4.November 19, 1907Daily Arizona Silver BeltGlobe, Miami, AZ
Click image to open full size in new tab
Article Text
TREASURY DEPARTMENT, Office of the Comptroller of the Currency, Washington, D. C. November 9, 1907. Notice is hereby given to all persons who may have claims against The Globe National Bank, Globe, Arizona, that the same must be presented to John H. Page, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. WM. B. RIDGELY, Comptroller of the Currency.
5.November 22, 1907Daily Arizona Silver BeltGlobe, Miami, AZ
Click image to open full size in new tab
Article Text
TREASURY DEPARTMENT, Office of the Comptroller of the Currency, Washington, D. C. November 9, 1907. Notice is hereby given to all persons who may have claims against The Globe National Bank, Globe, Arizona, that the same must be presented to John H. Page, Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. WM. B. RIDGELY, Comptroller of the Currency.
6.January 10, 1908Daily Arizona Silver BeltGlobe, Miami, AZ
Click image to open full size in new tab
Article Text
TREASURY DEPARTMENT, Office of the Comptroller of the Currency, Washington, D. C. November 9, 1907. Notice is hereby given to all persons who may have claims against The Globe National Bank, Globe, Arizona, that the same must be presented to H. D. Marshall, Jr., Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. WM. B. RIDGELY,
7.January 11, 1908Daily Arizona Silver BeltGlobe, Miami, AZ
Click image to open full size in new tab
Article Text
TREASURY DEPARTMENT, Office of the Comptroller of the Currency, Washington, D. C. November 9, 1907. Notice is hereby given to all persons who may have claims against The Globe National Bank, Globe, Arizona, that the same must be presented to H. D. Marshall, Jr., Receiver, with the legal proof thereof, within three months from this date, or they may be disallowed. WM. B. RIDGELY,
8.February 5, 1908Daily Arizona Silver BeltGlobe, Miami, AZ
Click image to open full size in new tab
Article Text
Notice to Depositors Receiver's Certificates are now ready for all creditors who have made legal proof of their claims against the Globe National Bank. H. D. MARSHALL, Jr., Receiver.
9.April 4, 1908Daily Arizona Silver BeltGlobe, Miami, AZ
Click image to open full size in new tab
Article Text
Marshall Returns-H. D. Marshall, Jr., receiver of the Globe National bank returned last evening from Bisbee where he was sent by the comptroller of currency to take charge of the First National bank of that city when its condition became known. Mr. Marshall caused the arrest of its president and cashier for alleged irregularities. Sev. eral days ago he turned over the bank to Permanent Receiver Lakin.
10.May 23, 1908Deseret Evening NewsSalt Lake City, UT
Click image to open full size in new tab
Article Text
GLOBE BANK RESUMES. Globe, Ariz, May 23.-The Globe Na. tional bank, which closed Its doors Nov. 4, after a running lasting several days, reopened this morning prepared to pay all depositors. The bank's capital is $50,000.
11.May 23, 1908The Topeka State JournalTopeka, KS
Click image to open full size in new tab
Article Text
Globe Bank Reopens. Globe, Ariz., May 23.-The Globe National bank, which closed its doors November 4, after a run lasting several days, reopened this morning prepared to pay all depositors. The bank's capital is $50,000.
12.May 23, 1908Evening StarWashington, DC
Click image to open full size in new tab
Article Text
Globe, Ariz., Bank Reopens. GLOBE Ariz. May 23.-The Globe National Bank. which closed its doors November 4. after a run lasting several days. reopened today and prepared to pay all depositors. The bank's capital is $50 000.
13.May 24, 1908The Pensacola JournalPensacola, FL
Click image to open full size in new tab
Article Text
THIS BANK OPENED AGAIN. Arizona Institution Failed During Panic, But Paid Out. By Associated Press. Globe, Ariz., May 23.-The Globe National Bank, which closed its doors November 4, after a run lasting sev eral days, re-opened to-day prepared to pay all depositors. The bank's capital is $50,000.
14.May 25, 1908The Prescott Daily NewsPrescott, AR
Click image to open full size in new tab
Article Text
Bank Has Reopened. Globe, Ariz., May 25.-The Globe National bank, which closed its doors Nov. 4 after a run lasting several days, reopened Saturday, prepared to pay all depositors. The bank's capital is $50,000.
15.May 29, 1908Greene County HeraldLeakesville, MS
Click image to open full size in new tab
Article Text
Bank Reopens. Globe, Aris., May 25.-The Globe National Bank, which closed its doors November 4, after a run lasting sev. eral days, has reopened and is prepared to pay all deposits. The bank's capital is $50,000.
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.