gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ca0f359788a542f6
Response Measures
None
Description
Article only lists the bank as having suspended during wider 1893 banking troubles; no reopening information provided.
Events (1)
1.July 20, 1893Suspension
Cause
Macro News
Cause Details
Listed among multiple country banks that suspended on or about July 20, 1893 during the broader banking crisis of 1893.
Newspaper Excerpt
The J. B. Wheeler Banking Co. of ManItou ... suspended
Source
newspapers
Newspaper Articles (2)
1.July 28, 1893The State HeraldHolyoke, CO
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Article Text
Outside of Denver, A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterting. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of ManItou and Colorado City, and the First National of Grand Junetion.
2.July 29, 1893The Meeker HeraldMeeker, CO
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Article Text
Outside of Denver. A number of country banks have suspended, among the number being the Union Bank of Greeley, the J. B. Wheeler Banking Co. of Aspen, the Bank of Loveland and the Bank of Sterling. The following suspensions were announced on the 20th: The First National of Canon City, the J. B. Wheeler Banking Co. of Manitou and Colorado City, and the First National of Grand Junction.
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.