Court proceedings to have a trust administered by receivers indicate the bank is in receivership/closure.
Events (1)
1.December 18, 1895Receivership
Newspaper Excerpt
The proceedings in court are not for the purpose of setting aside the deed, but to have the trust administered by receivers under the direction of the court.
Source
newspapers
Newspaper Articles (1)
1.December 18, 1895The Norfolk VirginianNorfolk, VA
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Article Text
Bank of Richmond
The proceedings in court are not for the purpose of setting aside the deed, but to have the trust administered by receivers under the direction of the court.
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.