gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e0451aac58066431
Response Measures
Full suspension, Books examined
Receivership Details
Depositor recovery rate
92.5%
Date receivership started
1924-10-28
Date receivership terminated
1925-09-30
OCC cause of failure
Fraud
Share of assets assessed as good
78.0%
Share of assets assessed as doubtful
18.4%
Share of assets assessed as worthless
3.6%
Description
Articles report missing Liberty bonds and the cashier's arrest; a receiver was later appointed.
Events (5)
1.August 11, 1910Chartered
Source
historical_nic
2.October 11, 1924Run
Cause
Bank Specific Adverse Info
Cause Details
Reports of missing Liberty bonds (~$40,000) and cashier's suspicious illness/arrest prompted withdrawals.
Newspaper Excerpt
The Citizens National bank here was closed today after a run by depositors.
Source
newspapers
3.October 11, 1924Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed following the depositor run amid reports of missing bonds and investigation of cashier.
Newspaper Excerpt
The Citizens National bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution.
Source
newspapers
4.October 28, 1924Receivership
Source
historical_nic
5.November 11, 1924Receivership
Newspaper Excerpt
Sam T. Millard, national bank examiner, has been appointed receiver for the Citizens' National Bank, which closed its doors Oct. 11, following a run by depositors.
Source
newspapers
Newspaper Articles (13)
1.October 12, 1924The Indianapolis StarIndianapolis, IN
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Article Text
TENNESSEE BANK CLOSED FOR PROBE
CENTERVILLE, Tenn., Oct. 11.—The Citizens National bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution. S. L. Whitson, cashier since it was organized eighteen years ago, is in a hospital after a sudden illness, the result, it was stated, of taking poison by mistake.
It is reported that Liberty bonds, estimated at approximately $40,000, left with the bank by depositors for safe keeping, are missing.
Cashier Whitson was arrested Friday night on a warrant sworn out by the district attorney. The bank's last statement showed deposits of $200,000.
2.October 12, 1924The Morning UnionSpringfield, MA
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Article Text
Bank Closed After Run Is Made by Depositors
CENTERVILLE, Tenn., Oct. 11—The Citizens' National Bank here was closed today after a run by depositors. A bank examiner is making an investigation. S. L. Whitson, cashier since the bank was organized 18 years ago, is in a hospital after a sudden illness, the result, it was stated, of taking poison by mistake.
3.October 12, 1924The Courier-JournalLouisville, KY
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Article Text
TENNESSEE BANK IS CLOSED AFTER RUN
Cashier Is In Hospital, Liberty Bonds Missing, Report.
Centerville, Tenn., Oct. 11 (AP)—The Citizens' National Bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution. S. L. Whitson, cashier since it was organized eighteen years ago, is in a hospital, after a sudden illness, the result, it was stated, of taking poison by mistake.
4.October 12, 1924The Louisville HeraldLouisville, KY
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Article Text
Bank Closes Following Run Of Its Depositors
CENTERVILLE, TENN., Oct. 11.—The Citizens National Bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution. S. L. Whitson, cashier, since it was organized eighteen years ago, is in a hospital, after a sudden illness, the result, it was stated, of taking poison by mistake.
5.October 12, 1924The Paducah SunPaducah, KY
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Article Text
Run Causes Close of Tennessee Bank
By The Associated Press
Centerville, Tenn., Oct. 11.—The Citizens National Bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution. S. L. Whitson, cashier since it was organized 18 years ago, is in a hospital after a sudden illness, the result, it was stated, of taking poison by mistake.
6.October 12, 1924St. Louis Post-DispatchSt. Louis, MO
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Article Text
RUN FORCES BANK TO CLOSE
By the Associated Press.
CENTERVILLE, Tenn., Oct. 11.—The Citizens' National Bank of this place closed today following a run on it by depositors. Sam L. Whitson, cashier of the bank, since it was organized 18 years ago, is in a Nashville hospital, following a sudden attack of illness, the result, it was given out at the time, of taking poison by mistake.
It is reported that Liberty bonds estimated at approximately $40,000 left with the bank by depositors for safe keeping, are missing.
Whitson was arrested in Nashville Friday night on a warrant sworn out by District Attorney A. V. McLane. He will have a preliminary hearing Oct. 20. The bank's last statement showed deposits of $200,000.
7.October 12, 1924The Waco News-TribuneWaco, TX
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Article Text
Run on Bank Follows Illness of Cashier
By The Associated Press
CENTERVILLE, Tenn., Oct. 11.—The Citizens National bank of this place was closed today following a run by depositors. R. T. Millard, national bank examiner, is making an investigation of the affairs of the institution.
Sam L. Whitson, cashier of the bank since it was organized 18 years ago, is in a Nashville hospital following a sudden attack of illness, the result, it was given out at the time, of taking poison by mistake.
8.October 12, 1924Lexington Herald-LeaderLexington, KY
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Article Text
RUN CLOSES BANK;
CASHIER IN HOSPITAL
CENTERVILLE, Tenn., Oct. 11 (AP)—The Citizens' National Bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution. S. L. Whitson, cashier since it was organized 18 years ago, is in a hospital after a sudden illness, the result, it was stated, of taking poison by mistake.
9.October 12, 1924Lexington Herald-LeaderLexington, KY
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Article Text
CASHIER IN HOSPITAL
CENTERVILLE, Tenn., Oct. 11 (AP)—The Citizens' National Bank here was closed today after a run by depositors. A bank examiner is investigating affairs of the institution. S. L. Whitson, cashier since it was organized 18 years ago, is in a hospital after a sudden illness, the result, it was stated, of taking poison by mistake.
10.October 12, 1924Wichita Falls TimesWichita Falls, TX
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Article Text
RUN ON TENNESSEE BANK CLOSES DOORS
CENTERVILLE, Tenn., Oct. 11. (AP) -- The Citizens National bank of this place was closed today following a run by depositors. R. T. Millard, national bank examiner, is making an investigation of the affairs of the institution.
Sam L. Whitson, cashier of the bank since it was organized 18 years ago, is in a Nashville hospital, following a sudden attack of illness, the result, it was given out, at the time, of taking poison by mistake.
Run Closes Tennessee Bank; Cashier Is Ill
CENTERVILLE, Tenn., Oct. 11—The Citizens National Bank of this place was closed today following a run by depositors. R. T. Millard, national bank examiner, is making an investigation of the affairs of the institution.
Sam L. Wilson, cashier of the bank since it was organized 18 years ago, is in an Asheville hospital, following a sudden attack of illness, the result, it was given out, at the time, of taking poison by mistake.
CENTERVILLE, Tenn., Oct. 11.—The Citizens National Bank of this place was closed today following a run by depositors. R. T. Millard, national bank examiner, is making an investigation of the affairs of the institution.
Sam L. Wilson, cashier of the bank since it was organized 18 years ago, is in an Asheville hospital, following a sudden attack of illness, the result, it was given out, at the time, of taking poison by mistake.
13.November 11, 1924Nashville BannerNashville, TN
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Article Text
MILLARD NAMED BANK RECEIVER
Centerville, Tenn., Nov. 11.—(Special.)—Sam T. Millard, national bank examiner, has been appointed receiver for the Citizens' National Bank, which closed its doors Oct. 11, following a run by depositors.
Sam L. Whitson, cashier, who is in jail, has made no effort to secure release on bond, although a Nashville law firm has been employed to defend him. The shortage is estimated at between $60,000 and $70,000.
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.
