gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6b860b84302695d5
Response Measures
None
Events (3)
1.May 7, 1889Chartered
Source
historical_nic
2.February 9, 1904Run
Cause
Local Shock
Cause Details
Receivership of major Texas companies (Kirby Lumber and Houston Oil) and unpaid interest created concern and triggered withdrawals.
Newspaper Excerpt
A brief run on the Houston National Bank savings department followed the ennouncement.
Source
newspapers
3.March 28, 1909Voluntary Liquidation
Source
historical_nic
Newspaper Articles (2)
1.February 9, 1904Wausau PilotWausau, WI
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Article Text
Receiver for Texas Companies. Kirby Lumber Company and Houston Oil Company, the two largest companies in Texas, have been placed in charge of temporary receivers because $700,000 interest is not paid to the Maryland Trust Company. A brief run on the Houston National Bank savings department followed the ennouncement.
Oklahoma Banks Close for Week.
Oklahoma City, Okla., Oct. 28.-Acting Governor Filson today issued a proclamation closing the banks of the territory for one week, on demand of the bankers. This action was taken because the banks at Kansas City and St. Louis refused to forward cash to the banks of the southwest.
Concerted Action Taken.
It is said that a consultation of the bankers of Oklahoma, Indian territory, Arkansas and northern Texas by means of the telephone took place during the early hours today, and all have taken similar action. The closing is for the purpose of protecting the banks in case of a run.
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.