gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1b20c79396b8fea9
Response Measures
None
Events (2)
1.December 21, 1923Suspension
Cause Details
Article states 'owing to existing conditions' with no specific cause given.
Newspaper Excerpt
Owing to existing conditions, the Security State Bank suspended business last Friday, December 21st.
Source
newspapers
2.January 25, 1924Receivership
Newspaper Excerpt
FAABORG APPOINTED RECEIVER SECURITY STATE BANK OF MEDICINE LAKE Judge Comer has appointed S. C. Faaborg of Medicine Lake, receiver for the Security State Bank of Medicine Lake.
Source
newspapers
Newspaper Articles (12)
1.January 4, 1924Antelope IndependentAntelope, MT
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Article Text
SECURITY STATE BANK CLOSED
Owing to existing conditions, the Security State Bank suspended business last Friday, December 21st. No plans of re-organization has yet been announced, anymore than all interests of depositors carefully safeguarded.βMedicine Lake Wave.
2.January 4, 1924Sheridan County FarmerPlentywood, MT
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Article Text
SECURITY STATE BANK CLOSED
Owing to existing conditions, the Security State Bank suspended business last Friday, December 21st. No plans of re-organization has yet been announced, anymore than all interests of depositors carefully safeguarded.βMedicine Lake Wave.
FAABORG APPOINTED RECEIVER SECURITY STATE BANK OF MEDICINE LAKE Judge Comer has appoined S. C. Faaborg of Medicine Lake, receiver for the Security State Bank of Medicine Lake. which closed its doors a few weeks ago. Mr. Faaborg was the former cashier of the bank.
S. C. FAABORG. as Receiver of the SECURITY STATE BANK, MEDICINE LAKE, MONTANA, a banking corporation, Plaintiff,
6.April 18, 1924The Producers NewsPlentywood, MT
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Article Text
S. C. FAABORG, as Receiver of the
Security State Bank, Medicine
Lake, Montana, a banking corporation, Plaintiff,
7.May 2, 1924The Producers NewsPlentywood, MT
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Article Text
S. C. FAABORG, as Receiver of the
Security State Bank, Medicine
Lake, Montana, a banking corporation, Plaintiff,
8.October 3, 1924The Producers NewsPlentywood, MT
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Article Text
HUGH A. ROBERTSON, Plaintiff, versus NIELS J. ANDERSON, SECURITY STATE BANK OF MEDICINE LAKE, a banking corporation, S. C. FAABORG, as RECEIVER of SECURITY STATE BANK OF MEDICINE LAKE, a banking corporation, and A. P. ANDERSON, Defendants.
9.March 12, 1926The Producers NewsPlentywood, MT
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Article Text
UNITED DANISH SOCIETIES OF AMERICA, a corporation, Plaintiff, versus RAY E. HANCOCK and JENNIE HANCOCK, his wife, SECURITY STATE BANK OF MEDICINE LAKE, Medicine Lake, Montana, a corporation, and S. C. FAABORG, Receiver of said bank, Defendants.
S. C. FAABERG, as Receiver of the Security State Bank of Medicine Lake, Montana, a corporation, Plaintiff. versile
12.May 27, 1927The Producers NewsPlentywood, MT
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Article Text
Friday, May 27, 1927. JACOBSEN, his wife, NELLIE V. MILLER, EDW. STUBBAN, J. 0. JOHNSON, SECURITY STATE BANK OF MEDICINE LAKE, MONTANA, a corporation, and S. C. FAABORG, Receiver of the Security State Bank of Medicine Lake, Montana, Defendants.
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.