gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5a808150cc694b9e
Response Measures
None
Description
Bank suspended and was sold/merged into Ruskin State Bank; no run mentioned.
Events (1)
1.April 7, 1928Suspension
Cause
Voluntary Liquidation
Cause Details
Sold fixtures and business to the Ruskin State Bank and consolidated; suspension accompanied by sale/merger.
Newspaper Excerpt
After being actively engaged in business in Ruskin for twenythree years, the Farmers State Bank suspended business to the public Saturday, April 7.
Source
newspapers
Newspaper Articles (2)
1.April 12, 1928The Ruskin LeaderRuskin, NE
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Article Text
Farmers State Bank Sells
After being actively engaged in business in Ruskin for twenythree years, the Farmers State Bank suspended business to the public Saturday, April 7. The Ruskin State Bank purchased the fixtures and business and the two banks consolidated. The Farmers State Bank under the management of J. B, Parsons was given a charte rin 1905. During the time of its existance it was under teh management of J. R. Parsons, Percy Baird, J. C. Dillon and B. C. Wehrman, Mr. Wehrman will continue with the Ruskin State Bank for a couple of months until everything is straightened out. We are sorry to loose the Farmers State Bank for it means one more empty business building and probably the loss of another family.
2.April 19, 1928Superior Weekly JournalSuperior, NE
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Article Text
FARMERS STATE BANK SELLS
From the Ruskin News. After being actively engaged in business in Ruskin for twenty-three years, the Farmers State Bank suspended business to the public Saturday, April 7. The Ruskin State Bank purchased the fixtures and business and the two banks consolidated. The Farmers State Bank under the management of J. R. Parsons was given a charter in 1905. During the time of its existence it was under the management of J. R. Parsons, Percy Baird, J. C. Dillon and B. C. Wehrman. Mr. Wehrman will continue with the Ruskin State Bank for a couple of months until everything is straightened out. We are sorry to lose the Farmers State Bank for it means one more empty business building and probably the loss of another family.
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.
