gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2a13ab93d931edb0
Response Measures
None
Description
Closure referenced only as late last September; cause of initial closing not specified in these articles.
Events (3)
1.September 1, 1931*Suspension
Cause Details
Articles state the bank closed its doors late last September but give no specific cause or government action.
Newspaper Excerpt
the city's only financial institution closed its doors late last September.
Source
newspapers
2.January 9, 1932Reopening
Newspaper Excerpt
The Peoples State bank of St. Joseph was formally opened for business this morning amid the blare of trumpets... Opening of the new bank brought to an end the bankless days that have existed here since the city's only financial institution closed its doors late last September.
Source
newspapers
3.January 10, 1932Other
Newspaper Excerpt
More hundreds persons were during trying to get into bank ... gathered to deposit their money ... were pushing in and attempt get Several passed in
Source
newspapers
Newspaper Articles (2)
1.January 9, 1932The Herald-PressSaint Joseph, MI
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Article Text
BAND PLAYS AND FOLKS CHEER AS BANK IS OPENED
Therese Briggs Unlocks Door in Capacity of "Miss St. Joseph"
DEPOSITORS IN LINE
Money Known To Have Been Hidden Shows Up In First-Deposits
The Peoples State bank of St. Joseph was formally opened for business this morning amid the blare of trumpets heralding an epic day in the city's history, and the huzzas of hundreds of persons who invaded the business district to participate in the brief ceremonies arranged in connection with the event. Opening of the new bank brought to an end the bankless days that have existed here since the city's only financial institution closed its doors late last September. Opening of the Peoples State likewise provided the twin cities with a
2.January 10, 1932The South Bend TribuneSouth Bend, IN
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Article Text
to Drive Then to Bank Money
Special ST. JOSEPH, Mich. Jan. and ran wasn't run the who tried to order. disperse riotous throng front plained the new Peoples' State bank here to-day More hundreds persons were during trying to get into bank to were posit their money being with- had bank since when St. them Joseph's institutions closed. The South new bank opened o'clock this Miss and long before that gathered to deposit their By the time the cials. were pushing in an and attempt get Several passed in
They jumped from the automobile to assist St. Joseph police, stationed there keep mistake quickly the state police left and restored. than was deposited the day. Many the bills tightly wadded and officials great difficulty checking Julius Reinking, of Bend, the cashier. Theresa Briggs, 1931 St. queen in the festival formally opened the in the presence city Miss Briggs an automopreceding 500 marchers, was the opening.
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.
