gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
252bb9af6d06ad34
Response Measures
None
Events (1)
1.July 16, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
State Banking Department announced the Reddick State Bank failed and closed; insolvency implied.
Newspaper Excerpt
the Reddick State Bank ... failed.
Source
newspapers
Newspaper Articles (3)
1.July 16, 1930The World-NewsRoanoke, VA
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Article Text
Announces Failure of Three Florida Banks
Tallahassee July 16 three State charter new institution today the fice the State Banking department The First Bank the Bank Point Fla. the Reddick State Bank of The First Bank opened $958 23 deposit on March 27. here. was capitalized at $175.-
The Bank of Canal Point had deJune 30, and The Reddick State on June 30 had new bank Miami Beach be known Bank Miami Beach The will capital stock $100,000 and sur-
2.July 17, 1930The Sacramento UnionSacramento, CA
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Article Text
Three Florida Banks Close Their Doors
Failure of three state banks was announced today by the State Banking Department. The First Bank of Lake Worth, Fla., the Bank of Canal Point. Fla., and the Reddick State Bank of Reddick, Fla., failed.
3.September 24, 1931The Doniphan HeraldDoniphan, NE
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Article Text
Announces Failure of Three Florida Banks
Tallahassee July 16 three State charter new institution today the fice the State Banking department The First Bank the Bank Point Fla. the Reddick State Bank of The First Bank opened $958 23 deposit on March 27. here. was capitalized at $175.-
The Bank of Canal Point had deJune 30, and The Reddick State on June 30 had new bank Miami Beach be known Bank Miami Beach The will capital stock $100,000 and sur-
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.