gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
41c432cc14412253
Response Measures
None
Description
Closed by state banking commissioner and receiver appointed; no run described.
Events (2)
1.July 12, 1913Suspension
Cause
Government Action
Cause Details
Closed by order of the state banking commissioner (state regulatory action)
Newspaper Excerpt
depositors of the Exchange Bank of Littleton, which was closed by order of the state banking commissioner
Source
newspapers
2.July 17, 1913Receivership
Newspaper Excerpt
appointment of B. A. Pyles, of Littleton as receiver for the Exchange Bank of Littleton, whose doors were closed by Mathews two weeks ago; Pyles is cashier of the Bank of Littleton.
Source
newspapers
Newspaper Articles (4)
1.July 12, 1913The Daily TelegramClarksburg, WV
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Article Text
DEPOSITORS Of the Failed Bank at Littleton Will Not Lose Any Money. CHARLESTON, July 12.-That the depositors of the Exchange Bank of Littleton, which was closed by order of the state banking commissioner will lose little or nothing, was the announcement made last night by Banking Commissioner Samuel V. Mathews, upon his return from Littleton. In order to save the depositors Mathews stated the stockholders will be assessed about 100 per cent, the maximum under the state law. A receiver to wind up the bank's affairs will be appointed.
PYLES NAMED AS RECEIVER Special Dispatch to the Intelligencer CHARLESTON W. Va., July 17.State Commissioned of Banking Samuel V. Mathews to-night announced the appointment of B A. Pyles, of Littleton as receiver for the Ex. change Bank of Littleton, whose doors were closed by Mathews two weeks ago Pyles is cashier of the Bank as Littleton,
3.July 18, 1913The Birmingham Age-HeraldBirmingham, AL
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Article Text
Pyles Appointed Receiver Charleston, W. Va., July 17.-E. A. Pyles of Littleton has been appointed receiver for the Exchange bank of Littleton, W. Va., which failed several weeks ago, The state banking department is making a thorough investigation.
4.July 18, 1913The Fairmont West VirginianFairmont, WV
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Article Text
PYLES NAMED AS RECEIVER. CHARLESTON. July 18. State Commissioner of Banking Samuel V. Mathews tonight announced the apr pointment of B. A. Pyles, of Littleton as receiver for the Exchange Bank of Littleton. whose doors were closed by Mathews two weeks ago. Pyles is cashier of the Bank of Littleton.
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.
