gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
10c6615d80b6eafc
Response Measures
None
Description
Receiver appointed July 1933 and bank in liquidation with dividends paid in 1934.
Events (3)
1.July 1, 1933*Receivership
Newspaper Excerpt
The Receiver of the Reece State Bank, Reece, Kansas, was appointed July 1933. CHARLES W. JOHNSON, Receiver
Source
newspapers
2.July 1, 1933*Suspension
Cause
Government Action
Cause Details
Receiver appointed July 1933 following bank closure, leading to suspension of operations.
Newspaper Excerpt
The Receiver of the Reece State Bank, Reece, Kansas, was appointed July 1933.
Source
newspapers
3.July 5, 1934Other
Newspaper Excerpt
The receiver of the Reece State Bank, liquidation, will pay dividend of twenty cent per ... This is the fourth dividend disbursement since the closed and makes total per cent paid to depositors during the liquidation period. Beyer assistant receiver charge of the bank's affairs.
Source
newspapers
Newspaper Articles (2)
1.June 14, 1934The Eureka HeraldEureka, KS
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Article Text
NOTICE
The statutes of Kansas provide that all claims of depositors and other creditors must be filed with the Receiver within one year after the date of his appointment. and if filed such claims shall be barred from participation in the estate of such bank The Receiver of the Reece State Bank. Reece, Kansas, was appointed July 1933. CHARLES W. JOHNSON, 49-2 Receiver
2.July 5, 1934The Eureka HeraldEureka, KS
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Article Text
Dividend By Reece State Bank
The receiver of the Reece State Bank, liquidation, will pay dividend of twenty cent per 13, to holders of certificates issued for claims filed against said bank. This is the fourth dividend disbursement since the closed and makes total per cent paid to depositors during the liquidation period. Beyer assistant receiver charge of the bank's affairs.
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.