Closing announced as action of its stockholders, per Commissioner George Woods
Newspaper Excerpt
Commissioner George Woods announced today the closing of Arnold State bank at Arnold
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Newspaper Articles (1)
1.June 17, 1930Beatrice Daily SunBeatrice, NE
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Article Text
BANK CLOSED
LINCOLN, June 16 (/P) Commissioner George Woods nounced today the closing of Arnold State bank at Arnold action of its stockholders, positors to determine ture action will be held
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.