gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4e8720dc40a0ed1e
Response Measures
None
Description
OCR fragment is terse; appears to report a vote to liquidate to protect depositors.
Events (1)
1.March 28, 1930Suspension
Cause
Voluntary Liquidation
Cause Details
Board expected to vote to liquidate the bank to protect depositors (voluntary liquidation).
Newspaper Excerpt
voted liquidate protect depositors, President ... books of the bank of Covington.
Source
newspapers
Newspaper Articles (1)
1.March 28, 1930The TimesHammond, IN
Click image to open full size in new tab
Article Text
FOR DEPOSITORS
March Thomas Barr, state expected to of books of the bank of Covington. voted liquidate protect depositors, President
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.