Run Closes Amherst Bank
(Continued From Page One) may within six weeks his profes the bank Is solvent. Bank was found day. long before the opening, long line depositors was milling about the bank All were paid and a special meeting of called last had verdict of suicide in the death of Baus. The cot under way but was five hours before directors were able to agree riosing and word was to Blair to inke over the Institution, All early chees of the bank's did not stow any OR for the protection of depositors.
2.December 20, 1928Telegraph-ForumBucyrus, OH
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Article Text
the state banking depart over the company which morning, E. H. Blair of banks, announced fice here. According to Blair immediately following Jacob Baus, 60, director last Monday Blair bank would be closed an audit started & is in Amherst today lieved plan would whereby the bank can six weeks W. H. Schibley is Amherst bank was 5, 1906 with capital and surpluses are equal to that amount sets to the last parment attorney, to Amherst W. Ske aminer. has been in An eral days checking the
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.
