gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ad1f4e346199271f
Response Measures
None
Description
State receiver was appointed and the bank had already closed; no run is mentioned.
Events (2)
1.January 8, 1932Suspension
Cause
Government Action
Cause Details
Bank had closed and state authorities appointed a receiver, indicating suspension by government action.
Newspaper Excerpt
the Osage bank ... closed last Friday.
Source
newspapers
2.January 11, 1932Receivership
Newspaper Excerpt
A. Wallace ... has been appointed receiver of Farmers State in Osage City by Chas. Johnson, state receiver.
Source
newspapers
Newspaper Articles (2)
1.January 11, 1932Council Grove RepublicanCouncil Grove, KS
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Article Text
APPOINT ROSS WALLACE
A. Wallace of Burdick has been appointed receiver of Farmers State in Osage City by Chas. Johnson, state Mr. Wallace was formerly cashier of the Farmers State at Burdick and was mentioned as the receiver of that Cottonwood Falls man was glven the Burdick and Mr. Wallace has been sent to Osage. He began of the Osage bank was capitalized at $25,000 and closed last Friday.
2.January 14, 1932The Herington SunHerington, KS
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Article Text
APPOINT ROSS WALLACE
Wallace of Burdick has been appointed receiver the Farmers State bank in Osage City by Johnson, state receiver. Mr. Wallace formerly cashier the Farmers State at Burdick and was mentioned the receiver of that institution. However, Falls man given the Burdick institution and Mr. Wallace has been sent to Osage He gan unraveling affairs of the Osage bank was capitalized at $25.000 and closed last
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.