gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
22441c6c260facf4
Response Measures
None
Description
Article says the bank was closed by order of its board; no mention of reopening or receiver.
Events (1)
1.January 6, 1933Suspension
Cause
Voluntary Liquidation
Cause Details
Closed by order of its board of directors; bank ceased operations per board action
Newspaper Excerpt
Hamilton State bank was Friday by order of its board of directors
Source
newspapers
Newspaper Articles (1)
1.January 8, 1933The Springfield PressSpringfield, MO
Click image to open full size in new tab
Article Text
ST. LOUIS BANK CLOSES
ST. Jan. Hamilton State bank was Friday by order of its board of directors, the second bank here to this 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.