gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a4099d1c0d1fbf04
Response Measures
None
Description
Contemporary reports state the bank suspended or failed but give no clear cause or later reopening; permanence inferred but not documented here.
Events (1)
1.January 7, 1897Suspension
Cause Details
Articles report suspension/failure without specifying cause (ownership by Field, Kelsey & Co. noted).
Newspaper Excerpt
The Bank of Canton, at Canton, Minn., ... have suspended business.
Source
newspapers
Newspaper Articles (10)
1.January 7, 1897Daily CameraBoulder, CO
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Article Text
CASUALITIES OF PROSPERITY. Two Banking Concerns in Minnesota go Under, Canton, Minn., Jan. 7-The Bank of Canton and the Citizen's Bank of Lanes boro, both owned by Kesley Field & Co. suspended today.
2.January 7, 1897Rock Island ArgusRock Island, IL
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Article Text
Two Banks Suspend. Preston, Minn.. Jan. 7.--The Bank of Canton at Canton and the Citizens' Bank of Lamesboro, owned by Field, Kelsey & Co., have suspended.
3.January 7, 1897The Providence NewsProvidence, RI
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Article Text
Two Banking Concerns Suspend. PRESTON, Miun., Jan. 7.-The Bank of Canton, at Canton, and the Citizens Bank of Lanesboro, both owned and operated by Field, Kelsey & Co.,have #uspended business.
4.January 8, 1897The News & ObserverRaleigh, NC
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Article Text
TWO BANKS FAIL. Preston, Minn., Jan. 7.-The bank of Canton, at Canton, and the Citizens bank of Lanesboro, both of which are operated by Field Kelsey and Company, have suspended business.
5.January 8, 1897Wheeling RegisterWheeling, WV
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Article Text
TWO BANKS SUSPEND. Preston, Minn., January 7.-The Bank of Canton, at Canton, and the Citizens' Bank, of Hanesboro, both owned and operated by Field, Wesley & Co., have suspended business.
6.January 8, 1897Evening StarWashington, DC
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Article Text
Two Minnesota Banks Close. The Bank of Canton, at Canton, Minn., and the Citizens' Bank of Lanesboro', both owned and operated by Field, Kelsey & Co., have suspended business.
Hanks Suspended. PRESTON. Minn., Jan. 7.-The bank of Canton, at Canton. and the Citizens' Bank, of Lanesboro. both owned and operated by Field Kelsey & Company, have suspended business.
Two Banks Suspend. Preston, Minn., January 7.-The Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., have suspended business.
9.January 13, 1897The Ely MinerEly, MN
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Article Text
Two Banks Suspend. Preston, Minn., Jan. 8.-The Bank of Canton, at Canton, with a capital of $10,000, and the Citizens' bank, of Lanesboro, both owned and operated by Field, Kelsey & Co., have suspended business.
A BRACE OF BANKS BURST. Preston, Minn., Jan. 7.-The Bank of Canton at Canton and the Citizens' bank of Lanesboro, both owned and operated by Field, Kelsey & Co., have suspended business.
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.