gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
86b35bcbca0bd02d
Response Measures
None
Events (2)
1.May 22, 1901Chartered
Source
historical_nic
2.March 9, 1933Suspension
Cause
Government Action
Cause Details
Closed in conformity with President Roosevelt's proclamation and federal/state banking holiday orders issued March 1933.
Newspaper Excerpt
The two local banks, The First Bank Gallatin, National ... closed proclamation President banking in the nation.
Source
newspapers
Newspaper Articles (2)
1.March 9, 1933Gallatin North MissourianGallatin, MO
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Article Text
Local Banks Remain Closed During Holiday
The two local banks, The First Bank Gallatin, National and compliance the closed proclamation President banking in the nation. opened holiday but for time Saturday counldn't do found they had no clear checks. expect remain They orders from Washclosed, awaiting ington. had deposits in PostThose who found that deposSavings up, but its were also advice will be received from pected to branch of deposits withdrawbanking this week. the banks do open the When undoubtedly be on country restricted probably per and this apply local cent, scrip money has been issued and going along apparent taking the bank holiday it will work out trusting
2.March 9, 1933Mound City News-IndependentMound City, MO
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Article Text
CITIZENS CALM DURING EMERGENCY
Exchange Bank Suspended Operations In Conformity Presidential Proclama- tion.
The Banks of Holt County suspended normal morning to conform Saturday with state wide holiday order a issued by Governor Guy Park. for Since that time President of Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10. The local banks have followregulations ordering them laid down by the secreclose, of the treasury. Some have tary remained open during regular hours for the purpose banking of making change. There is no cause for any alarm the local regarding tion as all the Holt County banks are believed to be in cellent condition. has been convened Congress special session beginning today (Thursday) and acnoon cording to radio reports have legislation conferring passed extraordinary to Presipowers dent Roosevelt, trol all banks until this emeris safely past. The spirit fortitude and patience with which the people this community and the tire has reacted to the country bank holiday, has emergency been surprising. individuals and busiMany houses found themselves ness with small amount of only hand when the currency on bank went into effect. holiday St. Business has been retarded to extent. Merchants some most cases have accepted checks for the exact amount but have been purchases tant to let loose of any currenor silver in change. Bank here The Exchange to be strong as known is anywhere, and bank there must be attributed its closing solely to the the nation. ditions throughout thing that Now the only to await the order to with patience banks after the the open and regulational adjustments formulated and tions have been issued.
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.
