Iowa Bank Closed. Sioux City, Ia., December 9.-The state bank of Oto, at Qto. Iowa, with a capital of $25,000 was thrown into receivership in district court on petition of the Iowa bank superintendent.
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.