gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
221a6fc4bbe72aab
Response Measures
None
Description
Assets taken over by Miners and Merchants Bank; First National being liquidated.
Events (1)
1.March 12, 1925Suspension
Cause
Voluntary Liquidation
Cause Details
Assets taken over by Miners and Merchants Bank of Roundup; cashier becomes assistant and will act as liquidating agent collecting accounts.
Newspaper Excerpt
Assets of the First National bank of Musselshell have been taken over by the Miners and Merchants Roundup, the transaction being completed recently.
Source
newspapers
Newspaper Articles (3)
1.March 12, 1925The Kevin ReviewKevin, MT
Click image to open full size in new tab
Article Text
Bank Merger Completed Assets the First National bank of have been taken Musselshell and Merchants bank of the Miners the transaction being Roundup, recently. The Musselshell pleted carried deposits. Dundas, cashier of the Musselbecomes assistant cashshell bank, Miners and Merchants and the act liquidating agent in will also of accounts in the collecting the bank. Baker will National First an assistant cashier remain also miners and Merchants.
Bank Merger Completed Assets of the First National bank of Musselshell have been taken Miners and Merchants bank the the transaction being Roundup, recently. The Musselshell pleted stitution carried $100,000 in deposits. Dundas, cashier of the Musselshell bank, becomes an assistant the Miners and Merchants and will also act liquidating agent collecting accounts due in the the National bank. Baker will First remain an assistant cashier the miners and Merchants.
3.March 20, 1925The Powder River County ExaminerBroadus, MT
Click image to open full size in new tab
Article Text
Bank Merger Completed Assets of the First National bank of Musselshell have been taken over by the Miners and Merchants Roundup, the transaction being pleted recently. The Musselshell In stitution carried $100,000 In deposits. Dundas, cashier of the Musselshell bank, becomes an assistant cashthe Miners and Merchants and will also act as liquidating agent in the collecting of the First National bank. Baker will remain as an assistant cashier the miners and Merchants.
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.