gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1334e3eb16aa4721
Response Measures
None
Description
Articles state the bank was defunct and in receivership; receivership wound up by Dec 1910.
Events (2)
1.December 22, 1910Receivership
Newspaper Excerpt
the rendering of this report winds up the receivership of the bank.
Source
newspapers
2.July 28, 1911Other
Newspaper Excerpt
to pay off the last dividend of the defunct Bessemer Savings bank.
Source
newspapers
Newspaper Articles (2)
1.December 22, 1910The Birmingham Age-HeraldBirmingham, AL
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Article Text
Blake Renders His Report Sam M. Blake, clerk and register of the city court, has rendered his report on the receivership of George H. Stevenson, receiver of the bankrupt Bessemer Savings bank. Clerk Blake reports that the report of Receiver Stevenson is true and correct and up-to-date. The rendering of this report winds up the receivership of the bank.
2.July 28, 1911The Birmingham Age-HeraldBirmingham, AL
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Article Text
TO PAY DIVIDEND ON DEFUNCT BANK Clerk of the Circuit Court Sam M. Blake will go to Bessemer Monday to pay off the last dividend of the defunct Bessemer Savings bank. In order to save the depositors unnecessary trouble Mr. Blake will go to Bessemer and remain there all Monday rather than have the depositors come to Birmingham. The dividend runs from 1 cent up to good round sums. The payments will be made in the office of the receiver at Bessemer, George H. Stevenson.
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.