gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
305aa534366b7823
Response Measures
Full suspension, Books examined
Receivership Details
Depositor recovery rate
83.6%
Date receivership started
1932-07-06
Share of assets assessed as good
25.9%
Share of assets assessed as doubtful
62.2%
Share of assets assessed as worthless
11.9%
Description
Mayoral moratorium in Jan 1932 preceded a depositor re-depositing run; bank closed July 6, 1932 and later placed in receivership.
Events (5)
1.July 29, 1931Chartered
Source
historical_nic
2.January 27, 1932Run
Cause Details
Depositors returned funds after a five-day mayoral moratorium that had closed business.
Newspaper Excerpt
there was a welcome run on Aurora's five banks...depositors replacing their money in the banks
Source
newspapers
3.July 6, 1932Receivership
Source
historical_nic
4.July 6, 1932Suspension
Cause Details
Directors closed the bank due to steady withdrawals by depositors.
Newspaper Excerpt
The First National Bank of Aurora failed to open today...The closure was voted last night by the directors, who said it was necessary because of steady withdrawals.
Source
newspapers
5.September 23, 1933Other
Newspaper Excerpt
The Aurora First National Bank Thursday began payment of ... dividend, releasing upon authority of the comptroller through Receiver Hamilton. It the third dividend since the bank suspended ... thus far ... has been paid out in the three dividends ... total claims.
Source
newspapers
Newspaper Articles (3)
1.January 27, 1932The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Aurora Resumes Regular Business Aurora, Ill., Jan. 27.-(AP)-A blast of whistles at 9 a. m. Wednesday gave the signal: "Play ball!" and business resumed in Aurora after a five-day moratorium. A band played in the downtown section where only groceries, drug stores, public utilities and newspapers had kept open since Friday morning. And there was a welcome run on Aurora's five banks-not the sort of run that becomes a panic, but a run of deposito:s replacing their money in the banks, opening new accounts, drawing their savings from unproductive hoarding in safety deposit boxes and returning the money to their regular bank accounts. Aurora closed its doors to business by mayoral proclamation last Friday.
2.July 6, 1932Evening StarWashington, DC
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Article Text
ILLINOIS BANK CLOSED. AURORA, Ill., July 6 (AP).-The - First National Bank of Aurora failed to open today. The closure was voted last night by the directors, who said it was necessary because of steady withdrawals. The bank was the largest in Kane County and the second of Aurora's five to close. Its deposits June 30 were $2,886,050.
3.September 23, 1933The True RepublicanSycamore, IL
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Article Text
Bank Out Dividend
The Aurora First National Bank Thursday began payment of cent dividend, releasing upon authority of the comptroller through Receiver Hamilton. It the third dend since the bank suspended Thus far of 017,315 has been paid out in the three dividends, or per cent total claims.
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.
