gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
65c05606330c3ad1
Response Measures
None
Description
Article 2 states the bank 'became insolvent in May' and later paid dividends under court/receiver control.
Events (3)
1.May 1, 1933*Suspension
Cause
Bank Specific Adverse Info
Cause Details
Became insolvent in May 1933 leading to failure/suspension
Newspaper Excerpt
The bank, which became insolvent in May, this year
Source
newspapers
2.December 15, 1933Other
Newspaper Excerpt
Judge Vernor granted the application of W. J. Barnett, state bank examiner, to sell ... $1000 bond ... held among the bank's assets
Source
newspapers
3.December 20, 1933Receivership
Newspaper Excerpt
a 20 percent dividend for December 20 was approved yesterday by the district court here. Coming as a real Christmas present to depositors of the failed American State bank of Boynton, a 20 percent dividend for December 20 was approved yesterday by the district court here.
Source
newspapers
Newspaper Articles (2)
1.March 16, 1933The Daily ArdmoreiteArdmore, OK
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Article Text
RESTRICTION LIFTED
Bank Given AuthorAnother Allow Per Cent ity to
March were lifted from four restrictions banks Bank Commismore state Barnett today while one sioner which there total on authority to allow striction given 15 cent withdrawals per First State bank of Gould which under total restriction mitted open without The Sharon bank out per cent, authorized pay do unrestricted busidirected Restrictions also from the of Buffalo and the of Freehad been on the dom, both of which five per cent Bank Widened Boynton, which The State bank was allowed had cent withdrawal bago on & 15 per
Restrictions on the Barnsdall State increased from bank, Barnsdall, 20 per today Corrected figures by Bank Barnett indiof 253 federal cated the 164 were being members allowed operate under moratorium 577 under restrictions
2.December 15, 1933Muskogee Daily Phoenix and Times-DemocratMuskogee, OK
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Article Text
DEPOSITORS TO RECEIVE DIVIDEND FOR CHRISTMAS
Coming as a real Christmas present to depositors of the failed American State bank of Boynton. a 20 percent dividend for December 20 was approved yesterday by the district court here. The bank. which became insolvent in May, this year, already has paid dividends totalling 30 percent. The payment ordered on approval of Judge Enloe V. Vernor, calls for about $4000. At the same time, Judge Vernor granted the application of W. J. Barnett, state bank examiner, to sell for $500 to the town of Tecumseh $1000 bond of that municipality held among the bank's assets.
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.
