gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6cd7e7ca7cec8978
Response Measures
Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health, Full suspension, Books examined
Receivership Details
Depositor recovery rate
62.8%
Date receivership started
1930-04-01
Date receivership terminated
1938-06-15
Share of assets assessed as good
35.1%
Share of assets assessed as doubtful
61.1%
Share of assets assessed as worthless
3.8%
Description
A February precautionary cash airlift averted an earlier run; a March run after the vice president's suicide led to suspension and a receiver.
Events (6)
1.April 21, 1903Chartered
Source
historical_nic
2.February 6, 1930Run
Cause
Local Banks
Cause Details
Withdrawals were triggered by the closing of nearby Schuyler State Bank and other regional bank failures, producing nervousness and a small run.
Measures
Chicago Federal Reserve sent $250,000 by airplane guarded by deputies to replenish cash reserves.
Newspaper Excerpt
When withdrawals of more than normal volume began at the Pana National bank this morning... President C. B. Parris... telegraphed the Chicago Federal Reserve bank to forward $250,000 in cash by airplane.
Source
newspapers
3.March 28, 1930Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals followed publication of the suicide of Arnold J. Johnson, second vice president and large stockholder, which spurred depositor panic.
Measures
Bank directors closed the bank and summoned national bank examiners; attempted to assure depositors but remained closed.
Newspaper Excerpt
the depositors simply 'gutted the bank' Friday afternoon following the death of Johnson... the bank failed to re-open Saturday morning after a heavy run had been made on it by depositors Friday.
Source
newspapers
4.March 28, 1930Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors halted withdrawals and suspended business after the heavy depositor run precipitated by the vice president's suicide and previous regional strains.
Newspaper Excerpt
The Pana National bank... failed to open for business today, following run on the institution yesterday.
Source
newspapers
5.April 1, 1930Receivership
Source
historical_nic
6.April 4, 1930Receivership
Newspaper Excerpt
E. T. Martin of Macomb... was appointed receiver for the Pana National Bank which closed its doors March 28, after a heavy run by the depositors brought about by the suicide of Arnold J. Johnson, vice president.
Source
newspapers
Newspaper Articles (20)
1.February 7, 1930The Daily ChronicleDe Kalb, IL
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COIN TO SAVE A BANK
Airplane Is Used To Take Large Sum of Money To The Pana National
Pana, III., Feb. airplane, carrying amount several hundred dollars, was reported enroute here from cago today avert run on the Pana National bank. threatened result suspension here Schuyler State yesterday Bank. and the closing the Nokomis State Bank Nokomis day. Both banks were closed because assets, due to decreased frozen farm lands on which values institutions were said to have both loans. The airplane made heavy the Federal Rewas sent here bank Chicago. Word the dispatching of the plane was announced by Parthe National president Parish said there was bank. the bank but that slight run worry about and nothing the Reserve bank that the action of sending cash via the air measure.
Good Shape said was sound He depositfull. State bank which The today by the voluntary the eighth action region the last to last report showsix months. Its capital of had and deposits totalling second time an This the called to aid banks plane has been faced the Federal Several hundred Reserve dollars Taylorville thousand on bank plane to relieve there. Taylorville, and Sheriff Dunbar. arrived here several while the morning transferred from being money to the bank. the plane
2.February 7, 1930The PantagraphBloomington, IL
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Farm Board Will Meet Monat Capital to Conday sider Grain Surplus.
CORPORATION PLANNED federal farm board into Monday deal its first emerwheat for which market Other of rescuing wheat farmer failed cause the surplus the board consider of the authority by to organize grain Prompt steps to create the wheat committee the Farmers' National Grain tion meeting with Chairman Legge the board Chicago The would steady the price the grain buying up surplus and holding off the market, that could be in the market. Authority take this action rests entirely the farm board. Board to Be Given Plans. Legge expected return Friday lay the situation before the Whether board will take the measures provided congress be forecast. congressional farm leaders expect the formation of million stabilization few days. The million would come the 150 million dollars fund appropriated by congress. The corporation would involve government greater magnitude than tempted before in this country peace time. The board faces an important cision the first real of the Hoover farm program. Congress provided the groups, the grain stabilization crops and steady the with the farm
Bank shutdowns Illinois FriMcKilvie Making Tour. mounted five in the day How seriously the board considwhen four institutions closed. wheat shown The first shut down the conferences Chicago Schuyler State bank Pana departure of Samuel Thursday afternoon Friday instiboard, tutions Nokomis, and Rosatrip through the wheat era. mond. both near Pana. and others facilities for wheat Milford and Cornell closed their "quite according the agriculture Export demand has dropped steadily with PLANE TAKES AID. Feb. Visible of wheat in the brought amount United States on Feb. several 168,bushels nearly 40 million here bushels more the Pana National bank. two more Wheat United States keeping demand CORNELL CLOSES. and the crop the the 570 Cornell, Ill., bank will be found about the as in 1928. story on Page Farmers Are Warned. The board warned farm added bank suspensions were repeatedly reduce their the list of those that day wheat acreage in an effort closed in this vicinity in the been reduce the supply about the six level the market. the Following on the closing The lack demand, export Schuyler State here Thurscoupled from the Auditor Oscar Nelson day, federal board that had not closed the Nokomis State bank would Nokomis, and the State higher in the has resulted here, bank Rosamond, both near decline of cents bushel for Friday. No. spring wheat in Closing Is Asked. Closing of the banks situation aggrarequest of their directors vated by the grain Their the closing of with the farm here Thursday were board's policies. They claim the buted frozen assets, to government competing with pricreased values farm lands vate business.
3.February 8, 1930Chicago TribuneChicago, IL
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PANA BANK GETS $250,000 BY AIR TO PREVENT RUN
Two Other Institutions Close Doors. quarter of million dollars was brought here by airplane from Chitoday to protect the Pana cago tional bank from withdrawals that this in the wake of began morning the closing here yesterday of the H. N. Schuyler State bank. Although there was small run on the national bank early in the day. arrival of the money by air restored confidence and conditions were virtually normal at closing time. Two additional banks in this dis trict were closed today They were the Rosamond State bank, Rosamond, four miles west of here. and the No. komis State bank Nokomis, thirteen miles east. The Rosamond bank had capital of and surplus of $2,500. A notice posted on the door said the bank was closed for examina tion and The Noko mis bank, state officials said, has frozen assets, but is expected to pay depositors in full.
Money Arrives in Two Hours. When withdrawals of more than normal volume began at the Pana Na. tional bank this morning, President C. B. Parris of the institution telegraphed the Chicago Federal Reserve bank to forward $250,000 in cash by airplane. Two hours later plane with armed guards aboard arrived with the money. Sheriff D. L. Dun bar and armed deputies transported the money to the bank's vault. Citizens at massmeeting yester day had declared their confidence in the national bank and President Par ris said today that obtaining funds from Chicago was only a precautionary A number of business houses, in cluding all the meat markets early to day went on cash and carry basis. Heretofore these merchants had car ried their customers for indefinite peri ods. Late today the volume of busi ness was declared virtually normal A number of business, fraternal and social events, including banquets, scheduled for next week, however, have been canceled. Both the Penwell and Pana coal mining companies announced today that they would continue operations at the present Milford Bank Closed.
The First National bank of Milford twelve miles south of here. was closed today. A notice on the door said that the action was taken for the protec tion of depositors. Officers said that the bank is solvent, but that run had been feared as the rseult of rumors In circulation. The bank is 53 years old. It has deposits of $350,000. Cornell Bank Suspends The Farmers State bank of Cornell, Livingston county was closed today Directors announced that the action was taken because of frozen assets
Louisiana Bank Closed. Bank of Napoleonville of Napoleon ville, La., was closed today by order of the state bank commisisoners be cause of frozen assets and sugar loans Officers of the bank were working on a plan of reorganization Deposits of the bank were estimated at with $500,000 in resources Emile Sundberry former state senator, was president of the bank.
4.February 8, 1930Herald and ReviewDecatur, IL
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ARRANGE MINERS DESPITE BANK CLOSINGS
Confident Depositors Fail to Make Run on Pana National
PLANE BRINGS CASH
PANA, Feb. nouncement Friday night that rangements had been made to meet the miners' payroll here on Feb. brought to an end what little excitement existed during the day due to the closing of the Rosamond and Nokomis State banks Friday. the Pana National bank where feared run might made during only few persons to demand their and while they drawing out funds, Pana's business men making deposits. Plane Brings Cash So certain was Parish, ident of the bank, that no could his bank closed, he did not call the Federal Reserve bank Chicago that he feared He call from however, and told that plane bearing thousand dollars had for Pana 12:10 An hour and 40 minutes later the plane roarPana, and landed in by field. Sheriff Dunbar and squad of heavily armed deputies guarded the automobile that ported the money from the plane the bank. When sibility that National bank would close its shifted back to the the H. Schuyler State bank's closing. Although Schuyler, who 86 years declared that every depositor would receive his full deposit, there others close to the bank's fairs who optimistic. One them said that efforts had been made the last weeks to straighten out the tangle, but the they able to raise did money not meet requirements. Schuyler Teaviest Owner Of the 2,000 shares stock in bank, Mr. Schuyler the owner 1,805, stockholders owning from five 30 shares. The bank's failure paralelled (Continued on Page
5.March 29, 1930The Edwardsville IntelligencerEdwardsville, IL
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Institution Suspends Business After Official Is Found Dead in Home.
Pana. III., Mar. examIners scruntinized books of the Pana National Bank today result of that institutions suspending business yesterday when depositors' ced directors to call halt on
The iun the alleged of John-on, second president. He was found dead In the pasement of his home here yesterday from the effects of double charge from shotgun. Johnson, cording to and bank dircehad been despondent because of health. Despite the bank's suspension rectors declare it Is in sound condition and will reopen. This is the ond run on the Pana National Bank this year. On February met mands ot depositors with the aid of several hundred thousand dollars rushed horo from Chicago by plane. The temporary closing of the Pana National Bank leaves this city without financial clearing house. The Schuylet State Bank closed last month. ten banks have been closed in this region in the last twelve months. Practically all suspensions been due to depletion of cash caused by loans on decreased farm values.
6.March 29, 1930Lincoln Journal StarLincoln, NE
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RUN ON PANA, ILL., BANK
Becomes Heavier Following Act. of Suicide of Vice President.
P A N A, III.-(P)- steady withdrawal Friday of deposits from the Pana National bank since the closing of the H. N. Schuyler State bank Feb. 6 was halted after closing hours when State Senator Guy L. Smith, attorney for the bank, notified a group of depositors that their demands could not be met. The suicide in the aternoon of Arnold J. Johnson, second vice president, was believed by officials to have made the withdrawals heavier. They declared ample cash would be on hand Saturday to meet all depositors' demands. The heaviest drain came in two days following the closing of the Schuyler State bank, a $2,381,000 institut on now in process of being reorganized, Pana officials said. At that time money was sent from Chicago by airplane, but later was returned. The suicide of Johnson with a shotgun was attributed to ill health and despondency by his family.
7.March 29, 1930Daily Republican-RegisterMount Carmel, IL
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BANK CLOSED RUN MADE BY DEPOSITORS
Say It is Sound and Will Open For Business Again.
March scrutinized books of Pana National bank today of that pending yesterday when run forced directors call halt on The the alleged suicide of second He was found dead the basement of home here yesterday from the effects of double charge from shotgun. his wife directors, had been desponill Despite the bank's directors in sound condition and will This the second run on the Pana National bank this year On Febmet of positors with the aid of several hundred dollars rushed here from Chicago by airplane.
8.March 29, 1930The Muscatine JournalMuscatine, IA
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Suicide of Bank Official Cause Failure of Bank
Pana. III., March national bank examiner arrived here today to begin work at once on examination the accounts, assets and condition the Pana National bank which was closed today following heavy run yesterday. brought about part by the suicide of Arnold Johnson. second vice president and one of heaviest stockholders President Parrish and Cashier John A. Werner said today they had no statement to make at this time except that the depositors simply "gutted the bank" Friday afternoon following death of Johnson. Members of Johnson's family accredited his to despondency over ill health.
9.March 29, 1930Decatur HeraldDecatur, IL
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FAIL OPEN SATURDAY FOLLOWING RUN
Future of Institution Will Not Be Determined Until Monday
HOLD JOHNSON INQUEST
PANA, March bank examiners were closeted with officials of the Pana National bank Saturday morning. The bank failed to re-open Saturday morning after a heavy run had been made on it by depositors Friday. The withdrawals heightened news of the suicide of Johnsecond vice president and heavy stockholder the bank. Officials Silent The decision of directors to remain closed Saturday was announced Friday evening by Parrish, president of the bank. None of the officers of the bank nor the would make any statement regardthe future of the bank Saturday morning. It was indicated that statement would be issued Monday. The decision to remain came directors meeting after the close business at o'clock. Miners Cash Checks The run began the news of the death of Mr. Johnson spread, and continued throughout the afternoon. number of targe depositors reported to have withdrawn their accounts. In addition, miners who received theri checks from the Penwell Coal Mining made heavy drain on the bank supply of cash. At the close business Friday about lined before the bank's windows. manner when Senator Guy Smith, attorney for the bank, told them the bank out of money and could not pay any more checks. Senator Smith said that the bank was solvent and would open for business the next day. The decision to remain closed came later.
Pana Without A Bank at the time of the failure of the H. Schuyler State bank here on Feb. were greatiy instrumental in exhaustion of the bank's resources. At that time was sent by airplane from Chicago to the National bank, but the was returned later. Pana money left without bank. now The Schuyler bank with assets of closed because of $2,000,000 was The institution is now frozen assets. in process of re-organization. Dehave agreed to waiver positors their deposits that the half of bank may re-open. Ninth County The National bank the ninth inbe closed in Christian stitution to since Oct. 10, 1929. Other county closed during this period were State bank, Oct. 10: Colegrove bank, Oct. 11; Citizens Bulpitt State bank, Oct. TurState State bank, Oct. National bank, Oct. Taylorville National bank, Taylorville, Oct. First H. N. Schuyler State Feb. 6; Rosamond State Pana, verdict of suicide was returned morning by coroner's Saturday which conducted an inquest jury the of Johnson. Funbody eral will be conducted in the home Sunday afternoon at o'clock Rev. H. H. Wintermeyer, pastor by the German Evangelical Lutheran Burial will be in Linwood church. cemetery.
10.March 29, 1930JG-TC: Journal Gazette and Times-CourierMattoon, IL
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PANA'S ONLY
Pana National Closes After Due to
News Pana, March Pana National Bank, Pana's only financial institution, failto open for business today, following run on the instituyesterday. National bank examiners have been requested take charge of the instituuntil their audit is completed the bank will remain closed, officials announced. The on the bank was suicide Arnold Johnson, year old second vice president. large number of depositors of the bank as well as miners of the Penwell Coal and Mining Compresenting pay checks and in instances withdrawal slips, were hand in the bank when the closing announcement was made at four o'clock Friday afternoon. Until four the regular closing the bank, all withdrawals had Most of the desire the depositors to make withdrawattributed to the news Johnsuicide, which rapidly spread through the city, causing run. Offifeeling of uneasiness began February last with the closing of the Schuyler State Bank State Auditor Nelson. who ordered examinaand adjustment of that institution's affairs. The Pana National Bank withstood run on its depository at that time, money having been brought from Chicago by airplane. Johnson's wife, Mrs. Tillie Johnson, at home when Johnson killed himself in the basement of the house. About an hour earlier Johnson visited his owned by himself and grocery, William Heilers, At time Johnson apparently was in spirits, said. Members Johnson family attribute the suicide to poor health and stated that Johnson's financial affairs in good condition. Johnson had been resident of Pana for twentyand was highly regarded business circles.
11.March 29, 1930The Belleville News-DemocratBelleville, IL
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Examiners Probe Bank Suicide
Johnson, Second Vice President, Found Dead Home and Run on Bank Ensues.
Pana, Mar examiners scrutinized books of the Pana National Bank today result of that suspendbusiness yesterday when positors' run forced directors to halt withdrawals. The run followed the alleged cide Johnson, second president. He was found dead the basement of his home here terday from the effects of double charge from shotgun. Johnson, according to his wife and bank rectors, had been despondent of health. Despite the bank's suspension rectors declare in sound dition and will reopen. This the second run on the Pana National Bank this year. On February sixth met demands of depositors with the aid of several hundred thousand dollars rushed here from Chicago airplane. The temporary closing of the Pana National Bank leaves this without financial clearing house The Schuyler State Bank closed month. Approximately banks have been closed in this region the last twelve Practically suspensions have been due to pletion of cash caused loans on decreased farm values.
12.March 30, 1930The Daily IlliniUrbana, IL
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Flashes of Late
BANKS CLOSED; CITY WITHOUT FUNDS
Mar. 29-For the first time than years, Pana is withbanking facilities. The Pana National bank, closed Friday afternoon, following run by depositors, failed doors, despite announcelate Friday that had ample meet all requirements. Business in Pana, which quiet, proceeded today, but merchants were handicapped for money to cash checks and change.
Marooned FRANCISCO, Mar chaperoned UniCalifornia co-eds and an number of men students, spend the night on the south of here by fog which mishaps to two ocean returned gaily from their today aboard the launch
Return Suicide Verdict Mar. verdict returned today in the Forbeck, near here, whose body found hanging from rafter in
Fears Gang, Suicide ROCKFORD, Mar. terror death the hand of gangsters, Bellone, 45, father nine chilswallowed poison yesterday today. He left note tellfear of but he named denied any him.
Polish Government Changed Mar. two difficult negotiations and feeling between the supporters of Marshal Pilsudski, "strong Polish government formed tonight by Slawek, succeeding the which resigned
Ratify Young Plan French chamber of deputies, answering appeal by Premier Andre tonight ratified the Young vote of 530 to
Oppose "Star Spangled Banner" Mar. Music Supervisors National conference resolution today protesting bill by Congress making Spangled Banner" the naanthem of the United States.
Charges Fraud Mar. 29 John Murphy. assistant state's attorney. charged that Cook county has defrauded of from $150,000 of court clerks scheme to pad
Entombed by Blast reported entombed, gas explosion, late mine near here belonging Pioneer Coal company. Dethe blast were meager, and reports said the men cut No bodies had
Duel Over Man Mex., Mar. between women man within three early this morncabaret pistols under street lonely suburb. The duel womens' affair. Each young woman friend duel became when seconds jumped fray with knives. All wounded before policeending the battle and
13.March 30, 1930Omaha World-HeraldOmaha, NE
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Depositors Strip Bank as Official Kills
Pana. III., March tional bank examiner arrived here today begin work once amining of condition the Pana National bank, was closed today lowing run brought about by suicide Arnold Johnson, second vice president one of the heaviest stockholders. President D. Parrish and Cash John Werner said today they had no statement make this time except that the depositors simply the bank' Friday afternoon following the death Johnson. Members of Johnson's family credited his act to despondency over ill health.
14.April 4, 1930Alton Evening TelegraphAlton, IL
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"Finger at Piasa This Evening "Finger Prints" three act will be this evening the City Plasa. The play be given by pupils of the Lancaster School Expression.
Appoint Pana Bank Receiver PANA. April Martin of Macomb. today was appointed receiver for the Pana tional which closed its doors March 28, after heavy run the depositors brought about suicide Arnold Johnson, vicepresident.
15.April 4, 1930Waukegan News-SunWaukegan, IL
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DEATHS
Albert Clarke The remains of Albert Clarke will lie state at the White and Tobin funeral home until time of the funeral service which will be Saturday at p. m. from the Christ church chapel. Rev. H. Ganster will officiate Interment will be made later at Kansas City, Mo.
Jay Eddy The body of Jay Eddy will lie in state at the White and Tobin funeral home until time of service which will be Saturday at 10:30 m. Rev. W. Chidester. pastor the Presbyterian church will officiate Interment will be at Oakwood cemetery.
Mrs. Katherina Beckman Funeral services for Mrs. Katherina Beckman were held this morning at 10 o'clock from the St. Joseph church. Interment was made at the St. Mary's cemetery.
Mary Orr Wilson Funeral services for Mary Orr Wilson, beloved wife of Thomas Wilson, of 29 Washington circle, Lake Forest, will be held Saturday at 2:30 p. m. from the home. Interment will be in the Lake Forest cemetery.
Mrs. Louise Brown Mrs. Louise Brown, colored, of 220 Belvidere street passed away at her home this morning. She was 70 years of age A daughter, Mrs. Viola Payne of the same address and one son, John H. Payne. Funeral arrangements will be announced later.
DIES AT PRAYER KETTLE ISLAND, Ky., April H. Engle, coal miner on week days and Baptist preacher on Sundays, died kneeling in prayer after the terrific explosion in the Pioneer Coal company mine here last Saturday that killed 16 men. One the rescue workers who helped bring out the bodies told today of how Engle had been found, dead from the volume of poisonous gas that followed the blast Engle regularly condueted services on Sunday among his fellow workers in this little mine community.
NAME BANK RECEIVER PANA Ill., Apr. Martin of Macomb, Ill., today was appointed receiver for the Pana National bank which closed its doors March 28, after heavy run by the depositors brought about by the suicide of Arnold J. Johnson, vice president.
12 MINERS KILLED BRUSSELS. Belgium, April (UP)-Twelve miners were burned death and 9 seriously injured today by an explosion of firedamp in the Elouges mines, near Mons.
16.April 4, 1930Belleville Daily AdvocateBelleville, IL
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BANK RECEIVER NAMED PANA, ILL., April T. Martin of Macomb. III., today was appointed receiver for the Pana National Bank which closed its doors March 28, after a heavy run by the depositors brought about by the suicide of Arnold J. Johnson, vice president.
17.April 4, 1930The Taylorville Daily Breeze CourierTaylorville, IL
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NAME RECEIVER FOR PANA BANK
Pana, III., April 4. (A.P.)-E. T. Martin of Macomb, III., today was appointed receiver for the Pana National Bank, which closed its doors March 28, after a heavy run by depositors, brought about by the suicide of Arnold J. Johnson. vice president.
18.April 5, 1930The PantagraphBloomington, IL
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Lenninger Again Wins Model Plane Trophy John Lenninger, member of The Pantagraph Model Airplane club, the silver trophy cup again at the Friday night meeting. He not only everyone else the M. gym but bettered his last week's floor mark by seven points, making flight of 85 seconds. Ralph Leubbers made the next best record when his small plane flew 62 secSeveral af the boys tried their luck with letting them take off from the balcony of the gym. R. N. Fletcher, boys' secretary of the Y. M. C. A., was in charge.
Pana Receiver Named
Martin of Macomb, III., Friday was appointed receiver for the Pana National bank which closed its doors March 28, after heavy run by the about the suicide of Arnold J. Johnson, vice president.
19.April 5, 1930JG-TC: Journal Gazette and Times-CourierMattoon, IL
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RECEIVER APPOINTED FOR CLOSED PANA BANK
Pana, III., April 5.-E. T. Martin of Macomb has been appointed receiver for the Pana National Bank. "The bank will be given the usual opportunity to reorganize, in accordance with national bank laws," Mr. Martin said. W. A. Cutler, national bank examiner, who has been making an audit. turned the bank over to the receiver Friday. The bank closed its doors on March 28, after a heavy run brought on by the suicide of Arnold Johnson, vice-president, and a heavy stockholder.
KD-1 with Engineer Swanson displacing Syl Roy. Fireman Hicks is off duty on account of the illness of his wife. Charles Thornton, engine wiper, is off duty on account of the illness of his mother. Three men have been cut off the Mattoon firemen's extra board, the men losing out being Harry Prentice, Roy Cheever and Charles Bulla. Brakeman F. O. Crume has been assigned to the Mattoon extra board. Brakeman Welch has reported for service on the transfer job. The Livingston mine run has been discontinued for the present. Brakeman Dalton is off duty because of the illness of his mother Brakeman R. F. Guinee has reported for service on the Mattoon extra board. Brakeman P. G. Cox is off duty on account of illness. Brakeman Welch has reported for work after being relieved to attend the division safety meeting. Brakeman Dailey has been assigned to the head end of OS-1 and NY-6 with Conductor O. Hill. Brakeman L. C. Knight is off duty on account of illness.
20.October 22, 1930St. Louis Globe-DemocratSt. Louis, MO
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PANA BANK RECEIVER TO PAY DIVIDEND
PANA, ILL, October 21.-Receiver A. E. Martin of the Pana National Bank tonight that he had accumulated sufficient assets for the payment of the first 25 dividend and that checks made out in form and mailed within sixty days to those who proved their claims. took charge the bank few after it suspended and taken by the troller of currency March 28 last, following a run by depositors.
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.
