gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
78df14493a6de087
Response Measures
None
Events (2)
1.September 17, 1930Receivership
Newspaper Excerpt
dividend was received ... from the bank's receivers; total dividends paid by the bank receivers on the Red Cross deposit 67.4 per cent
Source
newspapers
2.September 17, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed and placed in receivership leading to dividends being paid to depositors
Newspaper Excerpt
the New Salem State bank closed
Source
newspapers
Newspaper Articles (2)
1.September 17, 1930The Bismarck TribuneBismarck, Mandan, ND
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Article Text
Morton's Red Cross Gets Dividend from New Salem Receiver Morton county's chapter of the American Red Cross is slowly but surely getting back the money it lost when the New Salem State bank closed, it was announced today by A.° W. Furness, secretary of the county Red Cross. A 7.4 per cent special dividend was received by Mr. Furness this morning from the bank's receivers. This makes the total dividends paid by the bank receivers on the Red Cross deposit 67.4 per cent, Mr. Furness explained. Red Cross funds are distributed to all banks in the county, the secretary said in explaining why the funds were placed in the New Salem bank before it closed.
2.September 17, 1930The Bismarck TribuneBismarck, ND
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Article Text
Morton's Red Cross Gets Dividend from New Salem Receiver
Morton county's chapter of the American Red Cross is slowly but surely getting back the money it lost when the New Salem State bank closed, it was announced today by A. W. Furness, secretary of the county Red Cross. A 7.4 per cent special dividend was received by Mr. Furness this morning from the bank's receivers. This makes the total dividends paid by the bank receivers on the Red Cross deposit 67.4 per cent, Mr. Furness explained. Red Cross funds are distributed to all banks in the county, the secretary said in explaining why the funds were placed in the New Salem bank before it closed.
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.
