gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
18041b930eb50a16
Response Measures
None
Events (3)
1.January 30, 1907Receivership
Newspaper Excerpt
Chancellor McConnell this evening appointed Hon. Jesse M. Littleton receiver.
Source
newspapers
2.January 30, 1907Suspension
Cause
Government Action
Cause Details
Stockholders petitioned chancery court and receiver was appointed after failure of heavy non-resident borrowers.
Newspaper Excerpt
stockholders of the Bank of Winchester filed a bill in Chancery Court today to have the bank placed in the hands of a receiver. Chancellor McConnell this evening appointed Hon. Jesse M. Littleton receiver.
Source
newspapers
3.July 2, 1907Other
Newspaper Excerpt
A prorata is being paid by the Bank of Winchester, which is in the hands of a receiver. Yesterday and today many thousand dollars have been paid out and still more are coming.
Source
newspapers
Newspaper Articles (4)
1.February 1, 1907The Columbia HeraldColumbia, TN
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Article Text
WINCHESTER BANK CLOSED STOCKHOLDERS' PETITION FOR A RECEIVER IS GRANTED. Hon. Jesse M. Littleton is in Charge. Failure of Heavy Borrowers is Responsible. WINCHESTER, Tenn., Jan. 30.stockholders of the Bank of Winchester filed a bill in Chancery Court today to have the bank placed in the hands of a receiver. Chancellor McConnell this evening appointed Hon. Jesse M. Littleton receiver. The bank is capitalized at $75,000 and had about $300,000 deposited. The loans and discounts amounted to about $350,000. The failure was caused by the failure of some heavy non-resident borrowers. It is thought depositors will be paid in full. None of the merchants or business men of Winchester will be seriously injured.
Receiver For Tennessee Bank. Winehester, Tenn., Special.-On application of stockholders Judge McConnell of the chancery court, appointed a receiver for the Bank of Winchester. Theb ank has $75,000 capital, $300,000 deposits and $350,000 loans and discounts. Depositors, it is claimed, will be paid in full. Report Favoring Big Purchase of
3.February 7, 1907The French Broad HustlerHendersonville, NC
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Article Text
Receiver For Tennessee Bank. Winchester, Tenn., Special.-On application of stockholders Judge McConnell of the chancery court, appointed a receiver for the Bank of Winchester. Theb ank has $75,000 capital, $300,000 deposits and $350,000 loans and discounts. Depositors, it is claimed, will be paid in full. Report Favoring Big Purchase of
4.July 5, 1907The Columbia HeraldColumbia, TN
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Article Text
BUSTED BANK MAY PAY IN FULL WINCHESTER, Tenn., July 2.-P. H. Williams, clerk and master, is working overtime this week. A prorata is being paid by the Bank of Winchester, which is in the hands of a receiver. Yesterday and today many thousand dollars have been paid out and still more are coming. It is thought now that this bank will pay the depositors in full, in the end.
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.
