gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
60ccd1a53f66cc12
Response Measures
Full suspension
Receivership Details
Depositor recovery rate
73.1%
Date receivership started
1932-09-12
Date receivership terminated
1937-06-18
Share of assets assessed as good
40.7%
Share of assets assessed as doubtful
52.4%
Share of assets assessed as worthless
6.9%
Events (4)
1.December 22, 1919Chartered
Source
historical_nic
2.September 1, 1932Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by the recent closing of the Crawford Moore chain of banks
Newspaper Excerpt
The Parma National bank closed Thursday morning after heavy run by depositors following the closing of the Crawford Moore chain
Source
newspapers
3.September 1, 1932Suspension
Cause
Local Banks
Cause Details
Bank closed its doors following heavy depositor run tied to other local bank failures
Newspaper Excerpt
The Parma National bank closed Thursday morning
Source
newspapers
4.September 12, 1932Receivership
Source
historical_nic
Newspaper Articles (2)
1.September 1, 1932Baker City HeraldBaker City, OR
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Article Text
Two Banks in Boise Valley Closed Today
BOISE Idaho. Sept. Two banks in the Boise valley closed today. the Parma National bany and the Eagle state bank. The First National bank at Parma remined open nd the cashier reported only a slight run. The Eagle State bank was cap italized at and had deposits of $117,000 on the June 30 bank The Parma National bank was capitalized at $25,000 and had $10.000 surplus. The amount of deposits could not be learned here. Ten banks in western Idaho and eastern Oregon. headed by the First National bank of Idaho at Boise, closed yesterday
2.September 2, 1932The Times-NewsTwin Falls, ID
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Article Text
Banks at Eagle and Parma Close Doors
BOISE. (UP) The Parma National bank closed Thursday morning after heavy run by depositors following the closing of the Crawford Moore chain This leaves only one bank in Parma. the First National. which 18 reported to be in strong enough position to withstand any possible The Eagle State bank also closed Thursday It had deposits of $117.000 at the time of its last published statement.
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.
