gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad8af6a6fd49127c
Response Measures
None
Description
Article states closing followed a series of withdrawals and directors hoped to reopen; no confirmation of reopening.
Events (2)
1.December 4, 1930Run
Cause Details
Heavy withdrawals/series of withdrawals led depositors to pull funds; no specific trigger given
Measures
Bank closed its doors to protect depositors (refused to open)
Newspaper Excerpt
the closing followed series of withdraw
Source
newspapers
2.December 4, 1930Suspension
Cause Details
Bank failed to open for business citing heavy withdrawals; directors hoped to reopen
Newspaper Excerpt
failed to open for business today
Source
newspapers
Newspaper Articles (2)
1.December 4, 1930The Free Lance-StarFredericksburg, VA
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Article Text
Carolina Banks Fail To
CHARLOTTE Dec First National the oldest National bank in North Carolina. failed to open for business today notice. signed by M Mcaden. president, and posted on the door. said heavy withdrawals led to decision to close the doors for the protection of all depositors. The bank is now in the hands of national bank receivers4,ha9fl national bank examiners Founded in 1869. the First Nation had capital stock of surplus $400,000 and on September reported deposits of Dec The Zebulon Banking and Trust Company. only bank of Zebulon. 15 miles from here. failed to open business today Bunn. vice-president and cashier of the bank, said the closing followed series of withdrawHe said the directors hoped reopen the institution
Louisiana's leading hen produced eggs 334 days last year.
2.March 19, 1931Cedar Rapids OutlookCedar Rapids, NE
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Article Text
Carolina Banks Fail To
CHARLOTTE Dec First National the oldest National bank in North Carolina. failed to open for business today notice. signed by M Mcaden. president, and posted on the door. said heavy withdrawals led to decision to close the doors for the protection of all depositors. The bank is now in the hands of national bank receivers4,ha9fl national bank examiners Founded in 1869. the First Nation had capital stock of surplus $400,000 and on September reported deposits of Dec The Zebulon Banking and Trust Company. only bank of Zebulon. 15 miles from here. failed to open business today Bunn. vice-president and cashier of the bank, said the closing followed series of withdrawHe said the directors hoped reopen the institution
Louisiana's leading hen produced eggs 334 days last year.
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.
