Article corrects earlier misreporting and states Central Bank and Trust Company went into receivership.
Events (1)
1.May 27, 1921Receivership
Newspaper Excerpt
the concern which went into the hands of a receiver was the Central Bank and Trust company.
Source
newspapers
Newspaper Articles (1)
1.May 27, 1921The Seattle StarSeattle, WA
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Article Text
In reporting a suit recently filed in federal court. The Star er. roneously stated that the Yakima Trust company had failed, when in fact the concern which went into the hands of a receiver was the Central Bank and Trust company.
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.
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Central Bank & Trust Company · Episode ID 311326591457