Receiver is named in suit; no article text on a run or temporary suspension was provided.
Events (1)
1.September 11, 1929Receivership
Newspaper Excerpt
L. A. Andrew, as receiver for the First State bank. of Holstein. against the Holstein Co-Operative Creamery company on
Source
newspapers
Newspaper Articles (1)
1.September 11, 1929The Sioux City JournalSioux City, IA
Click image to open full size in new tab
Article Text
Bank Receiver Sues Creamery for $12,344
Suit for $12.344 has been started In district court by L. A. Andrew, as receiver for the First State bank. of Holstein. against the Holstein Co-Operative Creamery company on
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.