Article states the bank closed voluntarily some months earlier and a receiver was appointed in March 1921.
Events (2)
1.March 31, 1921Receivership
Newspaper Excerpt
Fred Anderson, Minot's postmaster, has been appointed Receiver. of the Bank of Donnybrook, which was closed voluntarily some months ago.
Source
newspapers
2.*Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed voluntarily some months ago per article.
Newspaper Excerpt
the Bank of Donnybrook, which was closed voluntarily some months ago.
Source
newspapers
Newspaper Articles (1)
1.March 31, 1921The Ward County IndependentMinot, ND
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Article Text
Fred Anderson Receiver of Donnybrook Bank Fred Anderson, Minot's postmaster, has been appointed Receiver. of the Bank of Donnybrook, which was closed voluntarily some months ago. He began upon his duties last week.
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.