gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3132a6aa202100b9
Response Measures
None
Receivership Details
Depositor recovery rate
12.5%
Date receivership started
1924-03-31
Date receivership terminated
1928-11-01
OCC cause of failure
Economic conditions
Share of assets assessed as good
34.9%
Share of assets assessed as doubtful
49.9%
Share of assets assessed as worthless
15.2%
Description
Government examiner appointed receiver; receivership date from records used as authoritative.
Events (4)
1.August 25, 1913Chartered
Source
historical_nic
2.March 27, 1924Suspension
Cause
Government Action
Cause Details
Bank closed and national bank examiner arrived and took charge after the failure
Newspaper Excerpt
the First National had closed on Thursday
Source
newspapers
3.March 31, 1924Receivership
Source
historical_nic
4.March 31, 1924Receivership
Newspaper Excerpt
H. S. McGraw ... was appointed ... as the receiver of the First National Bank of Plentywood which failed Thursday a week ago. Mr. McGraw will arrive in Plentywood tomorrow. Last Saturday ... the National bank examiner arrived and took charge of the bank and gave it a thorough examination.
Source
newspapers
Newspaper Articles (12)
1.April 4, 1924The Producers NewsPlentywood, MT
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Article Text
BANK EXAMINER NOW IN CHARGE OF BANK H. S. McGraw, former Superintendent of Banks under the administration of Gov. Stewart was appointed early in the week as the receiver of the First National Bank of Plentywood which failed Thursday a week ago. Mr. McGraw is well acquainted in Plentywood, having spent several days here at the time of the failure of the Sheridna County State Bank in December 1920, before receivers were appointed for that institution. He will arrive in Plentywood tomorrow. Mr. McGraw has just returned to Montana from Washington, D. C., where he has been in the employ of the War Finance Corporation. Although a prominent democrat he received his appointment at the hands of a republican comptroller of the currency-through, no doubt the recommendation of Tem Marlow, the manager of the Helena Branch of the Federal Reserve who is is understood attends to such things in Montana. Last Saturday after the First National had closed on Thursday, the National bank examiner arrived and took charge of the bank and gave it a thorough examination.
2.April 4, 1924The Producers NewsPlentywood, MT
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Article Text
DIRECTORS OF PLENTYWOOD ST. BANK MEET TUESDAY EVENING
The directors and several of the heavy depositors of the defunct Plentywood State Bank are reported to have met quietly in the offices of that institution Tuesday evening, and to have carefully gone over the proposition to reopen that bank again since the closing of the First National Bank of Plentywood last week. It seems that since the closing of the First National that a number of the people formerly connected with the defunct Plentywood State Bank feel that there is a splendid opening in Plentywood for another bank and they feel that if now the State Bank could be opened again that it might be able to ride.
Just what plans were formulated have not been disclosed. It is however, claimed that quite a number of those interested in that institution are very jealous of the idea of allowing Riba to have a monopoly of the banking business.
3.July 10, 1925The Producers NewsPlentywood, MT
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Article Text
MRS. W. H. PHELPS, Plaintiff,
versus
JOHN REINLASODER and REGINA
REINLOSODER, his wife; THE
FIRST NATIONAL BANK OF
PLENTYWOOD, MONTANA, a
coporation; H. A. STREETER, as
Receiver of The First National
Bank of Plentywood, Defendants.
4.October 2, 1925The Producers NewsPlentywood, MT
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Article Text
E. W. PALUTZKE, Plaintiff, versus GEORGE H. ROWLEY and MARY ROWLEY, his wife, J. W. McKEE, FIRST NATIONAL BANK OF PLENTYWOOD, MONTANA, a corporation, and H. A. STREETER, Receiver of the FIRST NATIONAL BANK OF PLENTYWOOD, MONTANA, and the FIRST NATIONAL BANK, GREAT FALLS, a corporation, Defendants.
GERTRUDE E. ELMQUIST, Plaintiff, versus E. J. LANDER & COMPANY, a corporation; RICHARD GRAYSON and EMMA GRAYSON, his wife; JOHN GRAYSON and ELIZABETH A. GRAYSON, his wife; FIRST NATIONAL BANK, Plentywood, Montana, a corporation, and H. A. STREETER, receiver thereof; F. C. HARTSON and A. W. MARCH, Defendants
6.June 25, 1926The Producers NewsPlentywood, MT
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Article Text
NELLIE P. WAYMIRE, Plaintiff, versus HILMER HAGEN, a single man; THE FIRST NATIONAL BANK OF PLENTYWOOD, MONTANA, a corporation; H. A. STREETER as receiver of The First National Bank of Plentywood, R. E. LANG and the W. T. RAWLEIGH Company, a corporation, Defendants.
7.July 2, 1926The Producers NewsPlentywood, MT
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Article Text
BARNES BROTHERS, Incorporated, a corporation; RICHARD GRAYSON, MRS. RICHARD GRAYSON, FIRST NATIONAL BANK OF PLENTYWOOD, a corporation, H. A. STREETER as Receiver of the First National Bank of Plentywood, a corporation; and JAMES J. GGLOVER and MRS. JAMES GGLOVER, Defendants.
8.July 2, 1926The Producers NewsPlentywood, MT
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Article Text
NELLIE P. WAYMIRE, Plaintiff,
versus
HILMER HAGEN, a single man; THE FIRST NATIONAL BANK OF PLENTYWOOD, MONTANA, a corporation; H. A. STREETER as receiver of The First National Bank of Plentywood, R. E. LANG and the W. T. RAWLEIGH Company, a corporation, Defendants.
9.July 9, 1926The Producers NewsPlentywood, MT
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Article Text
BARNES BROTHERS, Incorporated, n. corporation: RICHARD GRAYSON, MRS. RICHARD GRAYSON, FIRST NATIONAL BANK OF PLENTYWOOD, a corporation. H. A. STREETER as Receiver of the First National Bank of Plentywood, a. corporation: and JAMES J. GGLOVER and MRS. JAMES GGLOVER, Defendants.
SARA C. LARKIN, Plaintiff.
vs.
DAVID NELSON, (sometimes known as David W. Nelson), and MARTHA NELSON, his wife; THE FIRST NATIONAL BANK of Plentywood, a corporation, and H. A. STREETER, as receiver of The First National Bank of Plentywood, a corporation, Defendants.
SARA C. LARKIN, Plaintiff. vs. DAVID NELSON, (sometimes known as David W. Nelson), and MARTHA NELSON, his wife; THE FIRST NATIONAL BANK of Plentywood, a corporation, and H. A. STREETER, as receiver of The First National Bank of Plentywood, a corporation, Defendants.
SARA C. LARKIN, Plaintiff.
vs.
DAVID NELSON, (sometimes known as David W. Nelson), and MARTHA NELSON, his wife; THE FIRST NATIONAL BANK of Plentywood, a corporation, and H. A. STREETER, as receiver of The First National Bank of Plentywood, a corporation, Defendants.
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.
