gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
93907d7805adc176
Response Measures
None
Description
Bank suspended in Hill City and relocated/reopened in Keystone under a new name.
Events (1)
1.January 1, 1900*Suspension
Cause
Voluntary Liquidation
Cause Details
Directors moved the bank to Keystone due to insufficient business in Hill City and the railroad terminus being at Keystone.
Newspaper Excerpt
The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst.
The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst. The reason given for its removal is that there is not enough business to support a bank at Hill City and one at Keystone. The building of the B. & M. to the laiter place made it necessary for the directors to choose between the two places. and as Keystone will be the terminus of the road it was thought best to make the change.
The Harney Peak bank at Hill City suspended business last Saturday and moved to Keystone, where it opened its doors to the public under the name of the Keystone bank on the first inst. The reason given for its removal is that there is not enough business to support a bank at Hill City and one at Keystone. The building of the B. & M. to the latter place made it necessary for the directors to choose between the ta a places, and as Keystone will be the terminus of the road it was thought best to make the change.
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.
