gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9bf58f9e1ac43da8
Response Measures
None
Description
OCR in articles is poor; text corrected where obvious.
Events (1)
1.January 31, 1933Suspension
Cause
Government Action
Cause Details
Closed by the Wisconsin state banking department; described as more liquidation than temporary closing.
Newspaper Excerpt
Close Milwaukee Bank state banking department today closed the Hopkins Street State bank.
Source
newspapers
Newspaper Articles (2)
1.August 26, 1932The Daily TribuneWisconsin Rapids, WI
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Article Text
Blames State for Banking Troubles
Milwaukee, Aug. 26. Speaking meeting of the Hopkins Street State bank, District Attorney George charged last night that the banking department is rectly continued eration insolvent banks. existing conditions possible for the officers of bank the friends such officers money when the institubecomes shaky," he said. without friends keep their money in; those friends the keep taking
2.January 31, 1933The Capital TimesMadison, WI
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Article Text
Citizens' National Closes at Merrill
Bank Directors Take Advantage Mayor's Holiday Plan
MERRILL. Citizens National suspended business day for period. Harry Heineman, president. announced that the board directors had voted to take advanatge holiday" claimed by Mayor H. Aubuchon The mayor's stated that action was taken protect depositors the The Lincoln County remained open for usual business. did the American State which operating under deterred payment plan.
Waupaca Bank Reopens FarmState bank. which suspended reopened today The other the Waupaca National. remained but predicted will reopen seen under waiver plan.
Close Milwaukee Bank state banking department today closed the Hopkins Street State bank. neighborhood Roland Teske. director. expressed belief that depositor will full. Schaffer of the Wisconsin banking termed the closing more liquidation than
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.