gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
63311f616442e2f0
Response Measures
None
Description
Snippet is brief and doesnβt name the specific bank; implies receivership for closed banks in Assumption.
Events (2)
1.May 17, 1934Receivership
Newspaper Excerpt
receiver for the Edinburg, Kincaid and Assumption closed banks.
Source
newspapers
2.May 17, 1934Suspension
Cause
Government Action
Cause Details
A receiver was appointed for closed banks in Edinburg, Kincaid and Assumption (formal receivership/government action).
Newspaper Excerpt
receiver for the Edinburg, Kincaid and Assumption closed banks.
Source
newspapers
Newspaper Articles (1)
1.May 17, 1934The Decatur Daily ReviewDecatur, IL
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Article Text
receiver for the Edinburg, Kincaid and Assumption closed banks. Mrs. Leefern N. Sullivan, Taylor-
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.