gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a06184c144c39695
Response Measures
None
Description
Articles show the bank in receivership and receiver disposing of assets; no articles here document a prior run or reopening.
Events (3)
1.August 28, 1933Receivership
Newspaper Excerpt
authorized the receiver in charge of the Farmers' State bank, of Brandon, to accept $500 cash ... the receiver stated in his application for the order
Source
newspapers
2.March 12, 1934Other
Newspaper Excerpt
receiver in charge of the Farmers' State bank of Brandon has petitioned the district court here for authority to sell the property owned by the bank
Source
newspapers
3.*Suspension
Cause
Government Action
Cause Details
Bank placed in receivership by state authorities (receiver handling assets and sales)
Newspaper Excerpt
receiver in charge of the Farmers' State bank
Source
newspapers
Newspaper Articles (2)
1.August 28, 1933The CourierWaterloo, IA
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Article Text
Judge Authorizes Bank Receiver to Compromise Claim
Special Service) Independence, Ia.-Judge R. W. Hasner. of the district court, on petition filed by the state bank examiner. on Saturday. authorized the receiver in charge of the Farmers' State bank. of Brandon. to accept $500 cash from A. I. Gates, Brandon This is compromise settlement with the bank for an unsecured note for $1,620 and $256.92 interest. The receiver stated in his application for the order that the settlement would be for the best interests of all parties interested in the bank and should be accepted.
2.March 12, 1934The CourierWaterloo, IA
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Article Text
Brandon Bank's Receiver Has Bid on Business Bldg.
(Courier Special Service) Independence receiver in charge of the Farmers' State bank of Brandon has petitioned the district court here for authority to seli the property owned by the bank in the town of Brandon, known the south bank building. The petition stated that the receiver has been offered $1,000 in cash for the buildthe purchaser to pay the 1933 taxes amounting to $150. and said offer is the best one he has been able to obtain and that it should be accepted. The court fixed March 31 as the day for a hearing on the petition.
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.
