gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bdd9e980609f9ef1
Response Measures
None
Description
OCR in articles garbles some personal names (e.g., McNabb/Smith), but facts are clear.
Events (4)
1.January 8, 1927Run
Cause
Bank Specific Adverse Info
Cause Details
Withdrawals by friends of the cashier in resentment after cashier was not re-elected following dispute tied to a firecracker incident.
Measures
Closed and locked doors; state bank examiner called and investigation started.
Newspaper Excerpt
failed to open for business Saturday morning due to run on the bank by its depositors late Friday.
Source
newspapers
2.January 8, 1927Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed after heavy withdrawals tied to internal dispute over cashier election and related ill feeling.
Newspaper Excerpt
failed to open for business Saturday morning due to run on the bank ... doors closed and locked
Source
newspapers
3.January 18, 1927Receivership
Newspaper Excerpt
ATWOOD BANK IN RECEIVER'S HANDS
Source
newspapers
4.November 24, 1928Other
Newspaper Excerpt
the Atwood Banking company ... paid depositors and creditors 100 cents on the dollar and expects to pay interest on accounts
Source
newspapers
Newspaper Articles (6)
1.January 10, 1927The TennesseanNashville, TN
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Article Text
DEPOSITORS' RUN FORCES ATWOOD BANK TO CLOSE
Feeling Against Officers Said to Cause Run.
Trezevant, Tenn., Jan 8-The Atwood Banking Company. the only bank in the little city of Atwood. this county, failed to open for business Saturday morning due to run on the bank by its depositors late Friday. At the annual stockholdof the officers for the year did not please some friends thought that this feeling caused who for years has been the election McNatt of Maury county. In its last published in the affairs the bank was shown be good bank examiner in charge is believed by friends the that will reopen business in condition time week.
2.January 11, 1927The TennesseanNashville, TN
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Article Text
CASHIER OUT, BANK CUSTOMERS FORCE CLOSURE
Second Run on Carroll Institutions Hits Atwood.
(Special The Huntingdon, Tenn., Jan. Failure the Atwood Banking Company board of directors to elect Smith cashier for 1937 last week credited with causing run the bank which forced to close Saturday morning. according to President Leech of the Institution. Reuben McNabb counSmith the of the and friends of former who had the bank years, began their funds rapidly that to preInterests the the officers closed and locked doors called state bank examiner. xaminer started his vestigation today. believed the affairs of the company straightened out without according Mr. Leech. The Atwood the second eleven the county close The first the Bank Yuma, the the state past week. which the filed court today appointed. During Mr. Smith's terms cashier. Sam Barger, who has since assistant cashier bank at was assistant cashier. The run, to Mr. Smith, the Mr. by failure to elect Mr.
3.January 18, 1927Nashville BannerNashville, TN
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Article Text
ATWOOD BANK IN RECEIVER'S HANDS of week, he nual of taken the
Bank "Busted" By Firecracker Pays Depositors, Money Is Left
NASHVILLE. Tenn. Nov. (Spl.) The bank that "busted" because of the innocent shooting of a Christmas firecracker. the At wood Banking company, of Atwood, today paid depositors and creditors 100 cents on the dollar and expects to pay interest on accounts and have substantial fund remaining for stockholders. H. Grigsby, state superintendent of banks. announced here Saturday. The firecracker that caused the bank's failure is one of the most unique cases in the banking history. and almost two years or receivership has been because of the Christmas celebration of youth. Atwood had an ordinance against shooting firecrackers, and as the ier was arrested for exploding aday fun.
24, big 'cracker' during the Christmas holidays. The youth tried be fore magistrate and the father of the boy put up a bitter fight in the magistrate's court. the case causing ill-feeling among persons associated with the bank This ill-feeling continued in the directors' meeting and the cashier was not re-elected. In resentment. friends of the cashier withdrew deposits, causing a run that closed the bank This 100 per cent payment marks the second complete refund from banks in the hands of the state department within the month and the third in the history of the The bank failed on Jan. 8, 1927 after the firing of that shortly
BANK THAT BROKE FROM BOY'S PRANK PAYS UP IN FULL
NASHVILLE Nov. The that "busted" because the innocent shooting of Christmas firecracker, the Atwood Banking company. of Atwood, Tenn. Saturday paid depositors creditors 100 on the dollar and expects to interest on accounts and substantial fund remaining for stockholders, H. Grigsby, superintendent of banks, announced here Saturday The firecracker explosion that caused bank's failure cases the of the state's banking most years of receivership because Christmas celebration of youth. Atwood had an ordinance against and the the son bank's cashier arrested explod"cracker" during the Christmas holidays. The youth tried magistrate and the father of the boy put up bitter fight in magistrate's court, the ill feelamong persons connected ing with the bank. This feeling continued in the directors meeting and the cashier not resentment friends of the cashier withdrew causing run that closed the bank's doors Jan 1927 This 100 per cent. payment marks the fund banks in the hands of the state department within the month, and the third in the hisof the banking department. The bank failed shortly after the firing of that costly firecracker innocent holiday fun.
CLOSED ATWOOD BANK PAYS ALL CREDITORS
Failure of Bank Caused by Shooting Firecracker.
NASHVILLE Tenn., Nov. The bank that failed because of the innocent shooting of Christmas firecracker. the Atwood Banking Company of Atwood, Tenn. Saturday paid and cred. itors 100 cents on the dollar, and expects to pay interest on and have substantial fund remaining for stockholders, H. Grigsby state superintendent of banks, announced here Saturday. The firecracker explosion that caused the bank's failure is one of the unique cases the state's banking history and almost two years receivership has been necessary because of the Christmas celebration of youth. Atwood had an ordinance against shooting firecrackers, and as the result, the son of the bank's cash ter was for exploding big "cracker" during Christ mas holidays The youth was tried before magistrate and the father of the boy put up bitter fight in the magistrate's court, the case causing ill feeling among persons connected with the bank This ill feeling in the directors' meeting and the cashier was not re-elected. In resentment. friends of the cashier withdrew deposits. causing run that closed the doors. This 100 per payment marks the third refund from banks in the hands of the State Department within the month and the third in the history of the banking department. The bank falled on Jan. S. 1927. shortly after the firing of that costly firecracker in innocent holiday fun.
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.
