gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bd5f4cdbc0e08e41
Response Measures
None
Description
Closed by the state banking department Oct 19, 1931; dividends planned April 29, 1932.
Events (3)
1.October 19, 1931Suspension
Cause
Government Action
Cause Details
Closed by the state banking department (state-mandated closure/receivership).
Newspaper Excerpt
The Fedora bank closed Oct. 19, 1931.
Source
newspapers
2.April 29, 1932Other
Newspaper Excerpt
Plan Pay Dividends On Two Closed State Banks ... Creditors of the Fedora bank will receive ten per cent dividend which will represent distribution of about $9,000.
Source
newspapers
3.April 29, 1932Receivership
Newspaper Excerpt
Plan Pay Dividends On Two Closed State Banks ... legal steps for the payment of dividends to creditors of closed state banks have been taken by the state banking department.
Source
newspapers
Newspaper Articles (2)
1.April 29, 1932Rapid City JournalRapid City, SD
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Article Text
Plan Pay Dividends On Two Closed State Banks
Pierre, April inary legal for payment of dividends to creditors closed state banks been taken by the state banking department the interests depositors the Farmers State Bank of Elk Point and the Fedora State Bank. The banking department plans fifteen per cent dividend creditors of the Elk Point bank, which closed Oct. 1931. The pay ment $20,000. Creditors of the Fedora bank will receive ten per cent dividend which will distribution about $9,000. The Fedora bank closed Oct. 19, 1931.
2.April 29, 1932Rapid City JournalRapid City, SD
Click image to open full size in new tab
Article Text
Plan Pay Dividends On Two Closed State Banks
Pierre, April inary legal steps for the payment of dividends to closed state banks have been taken by the state banking department the of the State Bank of Elk Point and the Fedora State Bank. The banking department plans pay fifteen cent dividend creditors of Elk Point bank, which Oct. 1931. The ment will approximate Creditors Fedora bank will receive dividend which will represent distribution of about $9,000. The Fedora bank closed Oct. 19, 1931.
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.
