gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
25c063a00693f173
Response Measures
None
Events (3)
1.April 5, 1904Receivership
Newspaper Excerpt
common pleas court appointed G. W. Seiber and Wm. Buchtel receivers of the institution.
Source
newspapers
2.April 5, 1904Suspension
Cause
Correspondent
Cause Details
Akron Clearing House Association compelled the bank to make all its clearings in cash, precipitating the closing.
Newspaper Excerpt
The doors of the Akron Savings Bank were closed today and receivers appointed.
Source
newspapers
3.April 6, 1904Reopening
Newspaper Excerpt
The Akron Savings bank... reopened its doors to-day for business, with the receivers in charge.
Source
newspapers
Newspaper Articles (14)
1.April 5, 1904Evening Times-RepublicanMarshalltown, IA
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Article Text
Akron Bank Closes. Akron, Ohio, April 5.-The doors of the Akron Savings Bank were closed today and receivers appointed. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. William Buchtell is president of the bank. The capital stock is $200,000; surplus, $50,000; deposits, $850,000.
2.April 5, 1904The Daily TelegramClarksburg, WV
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Article Text
AKRON SAVINGS BANK CLOSES. By Associated Press. Akron, Ohio, April 5-The Akron Savings Bank closed its doors to-day. G. W. Seibet and William Duchtell were appointed receivers of the bank. be clearing house demanded the bank ke its clearings in cash. This ed the suspension. The capital of institution is $200,000; surplus, $50.000: deposits, $850,000. An official statement of the bank's condition published yesterday showed resources to be $1,151,910 and the lia. bilities the same.
3.April 5, 1904The Daily TribuneFlorence, CO
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Article Text
TWO BANK FAILURES. Guthrie, Oklahoma, Bank Creates Great Excitement. Guthrie, Okla., April 5-The Na tional Bank Examiner Sturdevant today took charge of the Capital Na tional bank of this place as receiver. The failure of this supposed solid intitution has caused gieat excitement and general rerget. Many prominent citizens will lose heavily by the fail. ure Akron, O., April 5-The Akron Savings bank failed today. No reasou for the closing of its doors are given.
4.April 5, 1904Deseret Evening NewsSalt Lake City, UT
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Article Text
Akron, O., Bank Fails. Akron, April 5.-The Akron Savings bank closed its doors today. The common pleas court appointed G. W. Seiber and Wm. Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House association compelling the bank to make all its clearings in cash. Wm. Buchtel is president of the bank. It has a capital stock of $200,000 and deposits amounting to about $850,000.
5.April 5, 1904Evening StarWashington, DC
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Article Text
Akron Savings Bank Closes Doors. AKRON, Ohio, April 5.-The doors of the Akron Savings Bank were closed today and the common pleas court appointed G. W. Serber and Wm. Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash. Wm. Buchtel is president of the bank. It has a capital stock of $200,000; surplus, $50,000, and deposits amounting to about $850,000.
6.April 7, 1904Rock Island ArgusRock Island, IL
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Article Text
Bank Reopens for Business. Akron, O., April 7.-The Akron Savings bank, which closed Tuesday, has reopened its doors for business, with the receivers,
Depositors Safe. Akron, O., April .-The Akron Savings bank, which closed Tuesday, reopened its doors Wednesday for business, with receivers in charge. Suits to enforce stockholders' liability law have been filed, and as a majority of the stockholders are people of wealth It is certain that depositors will not lose a ce. L
8.April 7, 1904The Daily Morning Journal and CourierNew Haven, CT
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Article Text
Akron Bank Opens Again. Akron. O., April 6.-The Akron Savings bank, which closed yesterday and opened its doors to-day for business with the receivers, William Buchtel and G. W. Sieber in charge. It is practically certain that their depositors will not lose a cent.
9.April 7, 1904The Indianapolis JournalIndianapolis, IN
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Article Text
Savings Bank Reopens. AKRON, O., April 6.-The' Akron Savings Bank, which closed yesterday, reopened its doors to-day for business, with the receivers, William Buchtel and G. W. Sieber, in charge. While the officials of the bank have not issued a formal statement, it is believed that the depositors will be paid in full.
10.April 8, 1904The Stark County DemocratCanton, OH
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Article Text
The Akron Savings bank which went by the boards has opened its doors for business under the direction of the receivers who were appointed by the court. It is said the bank had a good volume of business, but there was poor management and neglect.
11.April 9, 1904The Labor WorldDuluth, MN
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Article Text
BANK RE-OPENS AKRON, Ohio, April 6.-The Akron Savings bank which closed yesterday re-opened its doors today for business with the receivers in charge. It is believed that the depositors will be paid in full.
12.April 9, 1904Chicago EagleChicago, IL
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Article Text
Bank Forced to Assign. The doors of the Akron, Ohio. Savings Bank were closed Tuesday and the Common Please Court appointed G. W. Selber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash.
13.April 12, 1904Wausau PilotWausau, WI
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Article Text
Akron Savings Bank Fails. The doors of the Akron, Ohio, Savings Bank were closed Tuesday and the Common Pleas Court appointed G. W. Seiber and William Buchtel receivers of the institution. The action was precipitated as a result of the Akron Clearing House Association compelling the bank to make all its clearings in cash.
14.August 23, 1904The Stark County DemocratCanton, OH
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Article Text
TO BUY THE bank. Akron Savings Bank Receivers Considering a Propooltion. Akron, O., Aug. 19. George Bates, cashier of the Second National bank today made a proposition to the receivers of the Akron Savings bank to buy all the assets of the bank. His offer is $300,000 and will take in all the bills, notes and overdrafty. The receivers are considering the proposition.
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.