gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c4e0cd3f57f8ab6c
Response Measures
None
Description
Very brief notice; no explicit cause or receiver mentioned in the clipping.
Events (1)
1.September 3, 1931Suspension
Cause Details
Notice states the bank 'closes its doors' with deposits $1,393,000; no cause (run or government action) given.
Newspaper Excerpt
Philadelphia Bank Closes Sept. Parkway Trust company. today its doors. Deposita amount $1,393,000
Source
newspapers
Newspaper Articles (1)
1.September 3, 1931Bartlesville Examiner-EnterpriseBartlesville, OK
Click image to open full size in new tab
Article Text
Philadelphia Bank Closes
Sept. Parkway Trust company. today its doors. Deposita amount $1,393,000
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.