gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ab538d2722ae59c7
Response Measures
None
Description
Bank closed by its board and assets being liquidated; receiver later brings suit under double-liability law.
Events (3)
1.February 24, 1886Chartered
Source
historical_nic
2.February 1, 1930*Suspension
Cause
Voluntary Liquidation
Cause Details
Closed by the board of directors and assets being liquidated (internal decision).
Newspaper Excerpt
The bank was closed by the board of directors about month ago and its assets are now being liquidated.
Source
newspapers
3.May 14, 1933Receivership
Newspaper Excerpt
assistant receiver of the closed First National bank here, announced Saturday that action to be brought against thirteen stockholders in the bank make under the double liability law.
Source
newspapers
Newspaper Articles (3)
1.March 10, 1930Kansas City JournalKansas City, MO
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Article Text
Rowan Sentenced to Federal Prison in 1920 scion of one of this was years in the penitentiary for his part in the daring holdup of the Jackson street substation in Rowan. at his trial. was alleged to have the mind in ning the of reserve of about $2,000,000 in curOf the five men who actually was killed an auto later was killed an attempted jail break and the others were tried A was shot to death by the Rowan's father died after Albert went to prison.
BANK OFFICIAL DIES. March Funeral services will be held here tomorrow for Charles L. Hann, cashier of the defunct First National bank here. who died after stroke of apoplexy at his home here yesterday afternoon. The bank was closed by the board of directors about month ago and its assets are now being liquidated. Hann was years
Jud Tunkins says when everybody has his own airplane there is going be lot of hard work for new kind of traffic Star.
2.March 9, 1933Mound City News-IndependentMound City, MO
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Article Text
CITIZENS CALM DURING EMERGENCY
Exchange Bank Suspended Operations In Conformity Presidential Proclama- tion.
The Banks of Holt County suspended normal morning to conform Saturday with state wide holiday order a issued by Governor Guy Park. for Since that time President of Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10. The local banks have followregulations ordering them laid down by the secreclose, of the treasury. Some have tary remained open during regular hours for the purpose banking of making change. There is no cause for any alarm the local regarding tion as all the Holt County banks are believed to be in cellent condition. has been convened Congress special session beginning today (Thursday) and acnoon cording to radio reports have legislation conferring passed extraordinary to Presipowers dent Roosevelt, trol all banks until this emeris safely past. The spirit fortitude and patience with which the people this community and the tire has reacted to the country bank holiday, has emergency been surprising. individuals and busiMany houses found themselves ness with small amount of only hand when the currency on bank went into effect. holiday St. Business has been retarded to extent. Merchants some most cases have accepted checks for the exact amount but have been purchases tant to let loose of any currenor silver in change. Bank here The Exchange to be strong as known is anywhere, and bank there must be attributed its closing solely to the the nation. ditions throughout thing that Now the only to await the order to with patience banks after the the open and regulational adjustments formulated and tions have been issued.
3.May 14, 1933Kansas City JournalKansas City, MO
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Article Text
BANK RECEIVER TO SUE
KAS., May H. assistant ceiver of the closed First National bank here, announced Saturday that action to be brought against thirteen stockholders in the bank make under the double liability law. Sixteen of the thirtystockholders have paid their liability in full. have paid
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
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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.
