gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
580bb7a30afd7577
Response Measures
None
Description
Contemporary reports state the bank closed its doors and call it a failure; no receiver explicitly named in these items.
Events (1)
1.December 5, 1901Suspension
Cause
Local Shock
Cause Details
Suspension attributed to depreciation in Lenoir City real estate.
Newspaper Excerpt
The Lenoir City Bank ... closed its doors to-day. ... The suspension of business is said to be due to depreciation in Lenoir City real estate.
Source
newspapers
Newspaper Articles (7)
1.December 6, 1901The Indianapolis JournalIndianapolis, IN
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Article Text
Failure of a Tennessee Bank. KNOXVILLE, Tenn., Dec. 5'-The Lenoir City Bank, at Lenoir City, renn., closed its doors to-day. It had a capital of $50,000. It is stated that depositors will get all due them. The suspension of business is said to be due to depreciation in Lenoir 1 City real estate.
2.December 6, 1901Evening JournalWilmington, DE
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Article Text
Tennessee Bank Failure. Knoxville, Tenn., Dec. 6.-The Lenoir City Bank, at Lenoir City, Tenn., elosed its doors yesterday. It had a capital of $50,000. It is stated that depositors will get all due them. The suspension of business is said to be due to depreciation in Lenoir City real.estate.
3.December 6, 1901The Savannah Morning NewsSavannah, GA
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Article Text
Tennessee Bank Closes Its Doors. Knoxville, Tenn., Dec. 5.-The Lenoir City Bank at Lenoir City, Tenn., closed its doors to-day. It had a capital of $50,000. It is stated that the depositors will get all due them. The suspension of business is said to be due to depreciation in Lenoir City real estate.
4.December 7, 1901The News & ObserverRaleigh, NC
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Article Text
Lenoir City Bank Closed. I (By the Associated Press.) Knoxville, Tenn., Dec. 5.-The Lenoir City Bank at Lenoir City, Tenn., closed its doors today. It had a capital of $50,000. It is stated depositors will get all due them. The suspension of business is said to be due to depreciation in Lenoir City real estate.
Another Bank Suspends Knoxville, Tenn., December 5.-The Lenoir City bank, at Lenoir City, Tena. closed its doors today. It had a capital of $50,000. It is stated depositors will get all due them. The suspension of business is said to be due to depreciation in Lenoir City real estate
6.December 12, 1901The Plymouth TribunePlymouth, IN
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Article Text
What Happens When Towns Die. KNOXVILLE, Tenn., Dec. 6The Lenoir City bank, at Lenoir City, Tenn,, closed its doors today. It had a capital of $50,000. The suspension of business is said to be due to depreciation in Lenoir City real estate.
Lenoir City Bank Fails. The Lenoir City Bank has closed its doors. It had a capital of $50,000. It is stated depositors will get all due them. The suspension of business is said to be due to depreciation in Le noir City real estate.
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.