gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fd301af15bb9fd46
Response Measures
None
Events (1)
1.May 18, 1911Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank insolvent: owed depositors $20,000 while assets only $8,000.
Newspaper Excerpt
The private bank of Elias Harris & Son at Scio, in operation for twenty-five years, has suspended, owing depositors in that vicinity $20,000 and with assets of $8,000.
Source
newspapers
Newspaper Articles (2)
1.May 18, 1911Newark Evening Star and Newark AdvertiserNewark, NJ
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Article Text
PRIVATE BANK SUSPENDED. BOLIVAR, N. Y., May 18.-The private bank of Elias Harris & Son at Scio, in operation for twenty-five years, has suspended, owing depositors in that vicinity $20,000 and with assets of $8,000. The largest depositor was the town of Scio.
2.May 19, 1911The Daily BannerCambridge, MD
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Article Text
Private Bank Suspends. Bolivar, N. Y., May 19.-The private bank of Elias Harris & Son, at Scio, has suspended, owing $20,000, with as sets of $8000.
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.