gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
205f2b9b81050bef
Response Measures
None
Receivership Details
Depositor recovery rate
94.2%
Date receivership started
1924-02-20
Date receivership terminated
1928-10-31
OCC cause of failure
Economic conditions
Share of assets assessed as good
33.2%
Share of assets assessed as doubtful
63.8%
Share of assets assessed as worthless
3.1%
Description
Articles report a receiver change for the Charlo First National; known federal receivership date (1924-02-20) is earlier than these articles.
Events (3)
1.April 12, 1918Chartered
Source
historical_nic
2.February 20, 1924Receivership
Source
historical_nic
3.February 20, 1924Receivership
Newspaper Excerpt
has been receiver of the First National banks Ronan and Charlo. Mr. Swan will handle the affairs of all three banks and will be assisted by Livingston.
Source
newspapers
Newspaper Articles (10)
1.November 18, 1925The SearchlightHardin, MT
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Article Text
Receiver for Three Banks
R. Riddick, who been receiver the First National bank of Polson since closed year and half ago, has and has been succeeded Swan, who receiver the by First National banks at and Charlo. Mr. Swan handle the afof all three banks and will assisted by Livingston.
2.November 19, 1925Belt Valley TimesArmington, MT
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Article Text
Receiver for Three Banks Riddick, has been receiver the First National bank of Polson since closed and half ago, has resigned and has been Swan, who of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.
3.November 19, 1925The YellowstoneBallantine, MT
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Article Text
Receiver for Three Banks
R. has been receiver of the First National bank Polson since closed year and half has resigned and has been succeeded Swan, who receiver of the First National banks and Charlo. Mr. Swan will handle the fairs of all three banks and will assisted by Livingston.
4.November 19, 1925The Columbus NewsColumbus, MT
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Article Text
Receiver for Three Banks
Riddick. has been receiver the First National bank Polson since closed and half has resigned and has been succeeded Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle fairs all three banks and will assisted by Livingston.
5.November 19, 1925Jefferson Valley NewsWhitehall, MT
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Article Text
Receiver for Three Banks of the First National bank of Polson since closed year and half ago, has resigned and has been succeeded Swan. who receiver of the First National banks and Charlo. Mr Swan will handle the affairs of three banks and assisted by Livingston.
Receiver for Three Banks who has been receiver the National bank Polson since closed year and half has resigned and has been succeeded by Swan, who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle the fairs all three banks and will be assisted by Livingston.
7.November 20, 1925Plevna HeraldPlevna, MT
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Article Text
Receiver for Banks
Riddick, who has of the First National bank of Polson since closed year and half has and Swan, who receiver the First National banks Ronan and Charlo. Mr. Swan will handle the fairs of all three banks and will be assisted by Livingston.
Receiver for Three Banks Riddick. been receiver of the First National bank of Polson since closed year and half ago resigned and has been who receiver of the First National banks Ronan and Charlo. Mr. Swan will handle all three banks and will assisted by Livingston.
9.November 27, 1925The Powder River County ExaminerBroadus, MT
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Article Text
Receiver for Three Banks been National bank Polson since closed year and half has resigned and has been succeeded Swan. receiver First National banks and Charlo. Mr. Swan will handle fairs all three banks and will assisted Livingston.
10.November 19, 1926News-HeraldFromberg, MT
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Article Text
Receiver for Three Banks Riddick, has been of the First National bank of Polson since closed year and ago, has and has been by who the First National banks Charlo. Mr. Swan will handle the fairs all three banks and will assisted by Livingston.
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.