Article clearly references a receiver; limited text prevents confirming exact closure mechanics or date of suspension.
Events (1)
1.July 12, 1927Receivership
Newspaper Excerpt
HUDSON BANK RECEIVER CUTS BILLS RECEIVABLE Bills receivable of the Hudson Savings bank have been reduced nearly $15 by collections and settlements of the receiver.
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newspapers
Newspaper Articles (1)
1.July 12, 1927The CourierWaterloo, IA
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Article Text
HUDSON BANK RECEIVER CUTS BILLS RECEIVABLE
Bills receivable of the Hudson Savings bank have been reduced nearly $15 by collections and settlements of the receiver. according to
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.